Latest news with #autonomousdriving
South China Morning Post
6 days ago
- Automotive
- South China Morning Post
China's driverless mining trucks, BYD routs Tesla in Europe, price war worsens: 7 EV reads
We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing Chinese state-backed energy giant Huaneng Group on Thursday launched the world's largest fleet of unmanned electric mining trucks in Inner Mongolia, featuring 100 vehicles equipped with Huawei Technologies' autonomous driving systems, as the country rapidly adopts driverless technology. French President Emmanuel Macron (centre) holds a model of an electric lorry made by Windrose, a Chinese company founded by entrepreneur Wen Han (right), at the Choose France summit in Versailles, France on Monday. Photo: Instagram/whan6023 The European Union is locked in a trade dispute with China over electric vehicles. It is also wrestling with whether and how to harness Chinese investment in the sector. Around the continent, a debate is being waged on whether China's prowess in the sector can be a job creator or an industry killer.
Al Bawaba
26-05-2025
- Automotive
- Al Bawaba
GM Middle East brings industry's broadest range of EVs and first manufacturer to conduct road-mapping for true hands-free driving with Super Cruise
Marking a pivotal year in its transformation, General Motors (GM) Middle East is charging ahead toward the future of mobility as it brings to the region the widest range of electric vehicles and activates its personal autonomous future across various propulsions with GM's award-winning advanced driver assistance system (ADAS), Super Cruise enabled by OnStar*, spanning Chevrolet, GMC and Cadillac. From attainable stylish utility models, capable off-roaders to bespoke ultra-luxury coupes, GM is committed to offering an EV for every wallet and redefining what customers can expect from their vehicles today and into the future. The diverse lineup offers industry-leading driving range and is powered by advanced software and connectivity through OnStar. GM will also introduce Super Cruise to the region, paving the way towards autonomous driving, and available across the majority of GM's EV and internal combustion engines (ICE) portfolio. With customers at the center of its strategy and recognizing that EV adoption and connectivity will vary across markets, GM's portfolio will be a mix of electric vehicles alongside its internal combustion engine (ICE) vehicles to ensure greater flexibility to meet diverse customer preferences. The key additions to GM's EV portfolio include the Chevrolet Spark EUV, Chevrolet Equinox EV, Cadillac's first compact SUV electric vehicle in the region OPTIQ, which will be followed by LYRIQ, VISTIQ, ESCALADE IQ and ESCALADE IQL. With the youthful and fun Chevrolet Spark EUV being the entry-level EV to GM's vast lineup, the manufacturer is also offering several mid-range options, such as the Chevrolet Equinox EV to drive mass adoption. Moreover, many of GM's next-gen EVs will be equipped with a turnkey home solution charging unit and intelligent battery technology that gives customers real-time data through their vehicle mobile apps Once activated this includes EV target charge level, stop-charge commands, and a smarter, more intuitive location experience to find electric charging stations seamlessly. Through a smart mobility lens, GM is introducing the first true hands-free driving technology for the highway - Super Cruise, a foundational technology for GM's personal autonomous future, in the Gulf Cooperation Council (GCC), powered by OnStar. OnStar is GM's pioneering in-vehicle connectivity technology and is offered across gas-powered and all-electric vehicles in connected markets. Connectivity is essential for Super Cruise, ensuring that drivers have access to real-time communication and assistance that enable the safest hands-free driving experience ever. Super Cruise is also the first and only hands-free ADAS to offer hands-free trailering, a common practice across the Gulf by many adventurous customers. Super Cruise requires a combination of cameras, radars, GPS and high-definition LiDAR maps to keep the vehicle centered in the lane while providing a hands-free driving experience. Therefore, GM is the first to obtain the licenses required to commence digital LiDAR mapping across the region to ready Middle Eastern roads for GM's 2026 range of models equipped with Super Cruise. Jack Uppal, President and Managing Director, GM Africa and Middle East said: 'This year, we are delivering on our promise and vision of Zero Crashes, Zero Emissions, Zero Congestion with software at the heart of our future. We're accelerating our electric vehicle rollout with new models arriving at an impressive pace empowered by innovative battery platforms that enable an unparalleled customer experience when coupled with connected services. This is our goal toward zero tailpipe emissions as well as zero crashes as we bring technologies that reduce human error, thereby, preventing road accidents. Together, with our industry-first true hands-free Super Cruise technology, we are envisioning a future where our roads and vehicles are much safer, and cities are less congested to give customers back precious time. In the meantime, our ICE and electric vehicles will coexist, because our customers will ultimately define the pace of the transition. Now more than ever, we are committed to building and bringing world-class products our customers love, honoring our 99 years legacy in this region.' Luis De La Cruz, Managing Director of OnStar and Digital Services, GM Africa & Middle East, added, 'With the introduction of Super Cruise, we are marking a significant step toward personally autonomous vehicle (PAV) driving. General Motors is working closely with governments and regulatory frameworks to bring these enhanced safety features to support a future with Zero Crashes and Zero Congestion. GM has already completed Super Cruise mapping in Kuwait, Oman and Bahrain, and is actively expanding this technology across additional connected countries, further strengthening GM's portfolio in the Middle East.' As part of its ongoing commitment to educate the community on what the future of mobility will look like, GM Africa and Middle East is launching the #ZeroLimits campaign, a bold regional initiative that engages and empowers the public with knowledge, while reinforcing GM's commitment to an accessible, inspiring future of mobility. Featuring expert insights, local voices, and real-world tools, the campaign fosters meaningful dialogue and connects innovation to everyday life. Vehicles are just one part of the equation. Infrastructure development is a critical pillar in the Middle East's transition to sustainable transportation. GM is actively collaborating with governments and industry stakeholders to advance national electrification and smart mobility goals. Through turnkey charging solutions, GM will accelerate EV adoption across the region, while also shaping regulatory frameworks and policies that foster innovation.
Globe and Mail
26-05-2025
- Business
- Globe and Mail
Looking for Exposure to Baidu Stock (BIDU) Post Q1 Earnings? Try These Two ETFs
Baidu's (BIDU) growth prospects are driven by AI expansion, cloud computing, and autonomous driving. The company is investing in Ernie Bot AI and cloud services to strengthen its position in China's AI sector. Also, it is expanding its Apollo Go robotaxi operations globally. Thus, investors looking for exposure to BIDU stock may consider investing in these two ETFs: Invesco Golden Dragon China ETF (PGJ) and Global X Social Media ETF (SOCL). Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter It is worth mentioning that Baidu recently beat expectations in Q1, driven by strong growth in AI Cloud and robotaxi expansion. Particularly, AI Cloud revenue surged 42% year-over-year, reflecting rising adoption of Baidu's full-stack AI solutions. Let's take a deeper look at these two ETFs. Invesco Golden Dragon China ETF The PGJ ETF focuses on U.S.-listed Chinese companies, offering exposure to China's technology, consumer, and communication sectors. It tracks the NASDAQ Golden Dragon China Index. Importantly, BIDU accounts for 6.82% of PGJ's total holdings. Some of the top holdings in PGJ ETF include Alibaba (BABA), Yum China (YUMC), and (JD). Overall, the ETF has $148.29 million in assets under management (AUM) and an expense ratio of 0.67%. Over the past year, the PGJ ETF has generated a return of 5.63%. On TipRanks, PGJ has a Moderate Buy consensus rating based on 41 Buys, 28 Holds, and one Sell assigned in the last three months. At $36.52, the average PGJ ETF price target implies 28.05% upside potential. Global X Social Media ETF The SOCL ETF provides exposure to social media companies, tracking the Solactive Social Media Total Return Index. It focuses on high-growth social media companies, including established giants and emerging players. BIDU stock constitutes 4.38% of the ETF's holdings. Apart from BIDU, some of the top stocks in the SOCL ETF are Meta Platforms (META), Pinterest (PINS), and NetEase (NTES). Overall, the ETF has $121.46 million in AUM. Also, it has an expense ratio of 0.65%. The SOCL ETF has returned 6.83% in the past year. Turning to Wall Street, the ETF has a Moderate Buy consensus rating. Of the 51 stocks held, 29 have Buys and 22 have a Hold rating. At $54.46, the average SOCL ETF price target implies a 16.9% upside potential. Concluding Thoughts ETFs provide indirect exposure to BIDU, reducing risk compared to investing directly in the stock. Furthermore, ETFs are a liquid and transparent way to participate in the market. Investors seeking ETF recommendations might consider PGJ and SOCL, as these ETFs offer exposure to Baidu stock.
Bloomberg
23-05-2025
- Automotive
- Bloomberg
DeepRoute.ai CEO on Growth of EV AI Software
Maxwell Zhou, CEO of discusses his outlook on autonomous driving software, and says the US still has certain advantages over China in the sector. He speaks exclusively with Annabelle Droulers on the sidelines of the BEYOND Expo in Macau on "Bloomberg: The China Show." (Source: Bloomberg)
Daily Telegraph
20-05-2025
- Automotive
- Daily Telegraph
Tesla, Musk complete ‘full self driving' tests on Australian roads
Don't miss out on the headlines from Motoring. Followed categories will be added to My News. Tesla's 'full self driving' feature looks set to hit Australia following successful tests on local roads. The EV giant published a video on of a Tesla Model 3 with prototype software successful negotiating busy streets in inner-city Melbourne. It even nailed the 'hook turn' that frustrates interstate travellers. The brand's country director for Australia, Thom Drew, says an expansion of Tesla's driverless features is high on Elon Musk's list of priorities. 'That's Elon's push,' Drew said. 'We have a global engineering team that are working across markets around a lot of FSD… actively working across all our markets to roll it out.' MORE:Bad news for electric vehicles in Australia MORE:Huge blow for Musk as Tesla dream hits wall Autonomous driving is a key pillar of investment for Tesla. Having introduced its 'Autopilot' driver assistance system more than a decade ago, Tesla doubled down on 'full self driving' in the US. The feature has been controversial, linked to a number of serious accidents and recalls. It has not stopped Tesla from investing heavily in autonomous taxi services due to hit the US in the near future. Drew said there is no regulatory barrier to the technology hitting Australian roads – only local calibration and finessing of the service. MORE:Musk's bombshell announcement, Tesla sinks Tesla tests full self driving (FSD) technology in Melbourne, Australia. Picture: Supplied MORE:76pc drop: Major nation abandons Tesla 'There's currently no blockers in Australia to releasing the self driving supervised, as we have in North America,' he said. 'It's something our business is working on releasing, I don't have a timeline currently for you, but it's certainly very exciting to be able to bring that to a market that doesn't have a regulatory blocker.' Tesla's video featuring the hook turn was well-received by followers on X, who recognised that the hook turn 'is the most annoying and scary thing about driving in the Melbourne CBD'. Originally published as Tesla, Musk complete 'full self driving' tests on Australian roads
