Magna International Inc. expects that by 2023 half of the vehicles it builds will be electric as startup EV companies launch new models and established automakers set aggressive electrification targets.\nMagna CEO Swamy Kotagiri, who succeeded longtime CEO Don Walker on Jan. 1, noted Magna’s EV target during an earnings call with analysts in February.\n“Our portfolio continues to win content on upcoming EVs across all our capabilities, including complete vehicles,” he said.\nThe steel and aluminum composite enclosures, designed to protect batteries from water and other elements, will be used in the 2022 GMC Hummer EV.\nIn April, Magna entered into an agreement with Israeli startup REE Automotive to jointly develop and assemble modular EVs.
"}}}},{"node":{"postTitle":"Texas A&M team seeks sponsors for self-driving auto race","slug":"texas-a-m-team-seeks-sponsors-for-self-driving-auto-race","publishDate":"None","createdLocal":"2021-05-10 12:52:44.321278","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"Just like in professional motorsports, he said, the sponsors will be part of the car’s design and part of the scholarship names.\nHe said donations go to the Texas A&M Foundation and are then routed to the team.\nThe team is providing free sponsor space for Creativets, Vet Motorsports and the Pat Tillman Foundation to promote their work for veterans and their families, Decker said.\nIf they are unable to raise the money, Decker said, the team could join forces with another team.\n{{featuredbuttontext}}Decker said there are teams from the University of Alabama, Purdue University, Hawaii, Italy, Israel, Germany and Korea.
"}}}},{"node":{"postTitle":"Tesla Tells Regulators Elon Musk's Tweet Doesn't 'Match Engineering Reality' On Self-Driving Tech","slug":"tesla-tells-regulators-elon-musk-s-tweet-doesn-t-match-engineering-reality-on-self-driving-tech","publishDate":"None","createdLocal":"2021-05-10 12:52:25.761948","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"Tesla Inc. (NASDAQ: TSLA) has privately admitted that CEO Elon Musk has been overstating the capability of the electric vehicle maker’s self-driving technology.\nThe memo was released by the transparency website PlainSite, which received the documents following a public records request.\nTesla is at Level 2 currently,” the memo that summarized a conversation between the California DMV and four Tesla employees said, referring to Moore.\nThe Elon Musk-led company has rolled out a “beta” version of the FSD software to a small set of customers.\nMusk said in late April that the upcoming beta version of the company’s Full Self-Driving software will “blow your mind” and arrive in two weeks' time.
"}}}},{"node":{"postTitle":"Vingroup retires smartphone ambitions to focus on US electric vehicle market","slug":"vingroup-retires-smartphone-ambitions-to-focus-on-us-electric-vehicle-market","publishDate":"2021-05-10 08:21:47+00:00","createdLocal":"2021-05-10 12:52:23.421278","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"Vietnam’s largest conglomerate Vingroup is putting a halt to its smartphone production after announcing plans to enter the electric vehicle market in the US.\nThe unit will produce electronic components, battery cells, and electric motors, as well as develop in-car features for the new EVs.\nIn Vietnam, VinSmart currently operates two smartphone factories, where it can produce 130 million units per year, according to a Reuters report.\nCarmakers from across the world are eager to enter the American market, where EV sales are poised to grow to 2.5% of all retail vehicle sales this year, according to data from research firm Edmunds.\nThe unit received a permit from the California Vehicle Administration to test its autonomous vehicles on public streets in California in February.
"}}}},{"node":{"postTitle":"USN awards autonomous mine countermeasure retrofit contract","slug":"usn-awards-autonomous-mine-countermeasure-retrofit-contract","publishDate":"None","createdLocal":"2021-05-10 12:52:17.739975","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"USN personnel conduct a Knifefish UUV test.\n(Photo: USN/Mass Communication Specialist 1st Class Brian M Brooks)Five Knifefish UUVs will be retrofitted under a new deal for General Dynamics from the USN.\nGeneral Dynamics Mission Systems is retrofitting five Surface Mine Countermeasure Unmanned Undersea Vehicle (SMCM UUV) systems to the Block I configuration, under a $72.80 million sole-source contract from US Naval Sea Systems Command.\nShephard Defence Insight notes that General Dynamics Mission Systems supplies its Knifefish system to the USN under the SMCM UUV programme.\nIn July 2020, the DoD awarded General Dynamics a deal worth about $13.5 million for ongoing engineering on Knifefish.
"}}}},{"node":{"postTitle":"SAE reminds us fully autonomous cars don’t exist with its updated guidelines","slug":"sae-reminds-us-fully-autonomous-cars-dont-exist-with-its-updated-guidelines","publishDate":"2021-05-10 09:35:24+00:00","createdLocal":"2021-05-10 12:52:15.781786","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"The rapid advancement of driving automation seems to have caused a lot of misunderstanding on what really makes an autonomous vehicle.\nFor this reason, the engineering group SAE International in collaboration with ISO standards have updated the “SAE Levels of Driving Automation,” the industry’s most-cited reference for AV capabilities.\nSAE’s taxonomy provides definitions for six levels of driving automation, ranging from no driving automation (Level 0) to full driving automation (Level 5).\nThere are two new defined terms: “remote assistance” and “remote driving”, both remote support functions.\nThings to keep in mindAutomated functions such as steering, lane keeping, adaptive cruise control, and automatic emergency braking aren’t considered to be driving automation.
"}}}},{"node":{"postTitle":"3 Reasons To Confidently Buy AAPL Stock","slug":"3-reasons-to-confidently-buy-aapl-stock","publishDate":"2021-05-10 10:00:00+00:00","createdLocal":"2021-05-10 12:52:14.302505","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"The Apple Maven discusses top three reasons why an investor might want to own Apple stock with confidence at current levels.\nAs $AAPL climbs past $130 per share once again, after quite a bit of post-earnings softness, the question lingers: is now a good time to buy Apple stock?\nIn this case, betting on Apple stock might make a lot of sense.\nMaybe it is this “flash sale” that may convince an investor to put money on Apple stock now.\nTwitter speaksThere might be many other important reasons to own Apple stock.
"}}}},{"node":{"postTitle":"Plus, a Global Provider of Self-Driving Truck Technology, to Become Publicly Listed Through Business Combination with Hennessy Capital Investment Corp. V","slug":"plus-a-global-provider-of-self-driving-truck-technology-to-become-publicly-listed-through-business-combination-with-hennessy-capital-investment-corp-v","publishDate":"2021-05-10 00:00:00","createdLocal":"2021-05-10 12:52:12.202105","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"A link to a video of Plus’s autonomous driving solution and other additional materials can be found on its investor relations page at www.plus.ai/investors .\nHennessy Capital Investment Corp. V was founded by Daniel J. Hennessy to pursue an initial business combination, with a specific focus on businesses in the sustainable industrial technology and infrastructure industries.\nHCIC V and the Company anticipate that subsequent events and developments will cause HCIC V’s and the Company’s assessments to change.\nHowever, while HCIC V and the Company may elect to update these forward-looking statements at some point in the future, HCIC V and the Company specifically disclaim any obligation to do so.\nAdditionally, New Plus and HCIC V will file other relevant materials with the SEC in connection with the business combination.
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