Autonomous Trucks
Ola will invest $920 million in battery and EV production in India’s state of Tamil Nadu. Stellantis agreed to sell its distribution business in Turkey for €400 million ($425 million) to its local partner. Combined with the initial cuts in January, the self-driving technology company has let go of 8%, or 209 employees, of its workforce. Luminar held its investor day and provided details that built off its announcement at a Mercedes-Benz tech event. The company acquired lidar-related IP from Seagate (the data storage technology company) and launched a semiconductor company called LSI that takes the chip design companies it has acquired and puts them all under one entity and with one focus.