Auto IQ weekly news, including Tesla, Cruise, Volvo and Waymo

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Automotive IQ’s new, free occasion – Automotive Safety and Security Online – is now open for registrations.
Going down on June 30 and July 1, the occasion is designed to assist attendees clear up security and safety challenges, get the newest regulatory updates, and join with fellow professionals working to ship full Stage 5 automation.

On the location this week, we printed our newest interview, this time with General Motors’ Rami Debouk. Rami will converse in our Autonomous Vehicles Online occasion on Might 26-27.
In case you’re enthusiastic about sponsoring any of our on-line occasions, our all-new Media Kit has all the small print.

We even have our newest Top Five – this time looking at a few of the electrical automobiles we’re wanting ahead to seeing hit the street later this yr.
Right here’s another tales that caught our eye this week:

Tesla’s million-mile battery

Later this month, Tesla will maintain a ‘Battery Day’ occasion the place it is anticipated to element its new, low-cost EV battery. Nicknamed the million-mile battery, the cells have been co-developed with CATL, reports Reuters, and are designed for 1,000,000 miles of use.
The brand new cells can be used first in Tesla’s Chinese language market Mannequin 3s, earlier than going world. The batteries are a part of a wider technique to carry EVs down to cost parity with equal gas-powered automobiles.
Consequently, the method of constructing the cells is extra extremely automated, lowering complexity, and the cells themselves use fewer uncommon supplies, which helps lower prices. Tesla can also be engaged on recycling and second-life initiatives for batteries, through its Redwood Supplies model.

Cruise cuts round 160 employees

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GM’s autonomous car offshoot Cruise has introduced that it’s refocusing the mission of its near-2,000-strong employees, trimming eight per cent of the workforce.
Bloomberg reports that the cuts come as Cruise has postponed plans to a launch a robotaxi service by the top of the yr, partly on account of coronavirus. The job losses are largely outdoors of Cruise’s core engineering enterprise, and the agency provides that it’s going to proceed to rent engineers.
Cruise spokesman Ray Wert advised Bloomberg “On this time of nice change, we’re lucky to have a crystal-clear mission and billions of {dollars} within the financial institution. The actions we took right this moment replicate us doubling down on engineering work and engineering expertise.”

Volvo loves Luminar LiDAR


Volvo Cars has announced a partnership with Silicon Valley-based LiDAR agency Luminar. The tech agency will present LiDAR and notion know-how for Volvo’s subsequent era automobiles that can be constructed on its SPA 2 platform.
The LiDAR system can be neatly built-in into the roof of automobiles based mostly on SPA 2, as above, giving Stage 3 Freeway Pilot performance. This can be unlocked through OTA updates as completely different areas legalise using this know-how.
Volvo already holds a minority stake in Luminar, however has a clause that enables this to extend if the partnership is profitable. It’s an fascinating transfer as carmakers hardly ever reveal suppliers on this method – may this be the signal of a brand new, extra clear approach of working?

Waymo cashes in


Waymo has closed its first external funding round at a powerful $3bn. Varied funds and accounts managed by T. Rowe Worth Associates, Inc., Perry Creek Capital, Constancy Administration & Analysis Firm, plus different exterior buyers together with provider Magna contributed to the determine.
The funding spherical is the primary to permit exterior buyers to take shares in Waymo. The fund initially closed on $2.25bn in March, however was prolonged, netting an additional $750m of money to put money into growing its ‘World’s Most Skilled Driver’ autonomous tech.
In an announcement from Waymo CEO John Krafcik posted to the corporate’s weblog, he famous that “COVID-19 has underscored how totally self-driving know-how can present protected and hygienic private mobility and supply companies.”



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