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Browsing the "Magna" Tag

Who Will Benefit In The Robotaxi Revolution?

September 30th, 2019 | by Matt Pressman

As self-driving cars move closer and closer to reality, one particular market stands to benefit — autonomous taxis (aka robotaxis). Tasha Keeny from Ark Invest recently evaluated the players who'd likely benefit from this massive market opportunity. Keeney writes, "Autonomous vehicles will transform personal mobility ... reap[ing] the benefits of a new market which promises to ramp from essentially $0 now to $10 trillion in global gross annual revenues by 2030."


BAIC Subsidiary BJEV Developing 6 New Electric Vehicles On 3 New Platforms

July 30th, 2019 | by Kyle Field

Chinese automotive manufacturer BAIC announced that its EV subsidiary, BJEV, is working on six new fully electric models based on three new BEV platforms by 2021. The new vehicles are expected to be primarily sedans, SUVs, and vans, but the firm is playing this one very close to the chest, with little additional detail beyond that


May Mobility Expands Its Autonomous Shuttle Service In Columbus & Grand Rapids

October 3rd, 2018 | by Kyle Field

Michigan-based low-speed autonomous shuttle service operator May Mobility continues its rapid expansion with the addition of 2 new routes in Grand Rapids, Michigan. The news was broken in conjunction with the unveiling of the Grand Rapids Autonomous Mobility Initiative (GRAMI), which provides a formal structure and team to integrate autonomous vehicles into the fabric of the city


China X Cleantech — End of Q2, 2018

July 7th, 2018 | by Tim Dixon

The second half of Q2 2018 has been notable and the flood of news from around the world continues. In China, the flood of developments is so massive that we can only show you a keyhole insight into what is happening


BMW Expands Chinese EV Battery Factory & Chooses Solid-State LiDAR Supplier

June 8th, 2018 | by Zachary Shahan

BMW is a top electric vehicle producer. Indeed, it isn't yet shipping 1 million EVs a year and it only has the i3 in its fully electric stable, but it already has plug-in versions of four of its popular models, to supplement the "born electric" i3 and i8. Overall, BMW's plug-in vehicle sales have been growing significantly and they now represent 5% of BMW's sales globally (7% in the US and 9% in the UK). BMW's plug-in vehicle sales have increased 73% in the US, 25% in the UK, and 646% in China this year


Auto Parts Supplier Magna Invests $200 Million In Lyft

March 16th, 2018 | by James Ayre

In another sign of the way that the auto industry is now shifting away from auto manufacturer dominance and towards parts suppliers, battery suppliers, and on-demand taxi service operators, the auto parts supplier Magna has now reportedly invested $200 million into Lyft.


Magna Gives A Tesla Model S Three Motors

September 8th, 2017 | by Steve Hanley

Magna has created a complete electric powertrain with three motors and installed it in a Tesla Model S to showcase its system for interested car makers. It's available now. All the manufacturer has to do is write a check.


Electric Supercar Manufacturer Rimac Aims To Be The Dominant EV OEM Supplier

May 9th, 2017 | by Kyle Field

Croatian electric supercar manufacturer Rimac has built a name for itself as a designer and builder of insane 1000+ horsepower electric hypercars, but it has been hard at work behind the scenes on a different strategy altogether — to become the world's leading OEM supplier for all things electric



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