Published:
July 12, 2019
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Partnership
Further Reading
Nikola releases hydrogen vehicle plans
News Commentary | February 26, 2021
The disgraced electric truck maker's latest announcement lays out the company's planned fuel cell vehicle program. The first vehicle will be an FCEV variant of its Tre BEV Cabover with an expected range of up to 500 miles, while its long‑range Two FCEV Sleeper will accommodate up to 900 miles in a ... To read more, click here.
Cruise acquires autonomous vehicle developer Voyage
News Commentary | March 16, 2021
Voyage is a smaller autonomous vehicle (AV) developer that targets ride‑hailing in low‑speed, low‑traffic private communities. At Lux, we've been impressed by the company in the past, though it is difficult to tell exactly what Cruise gets from this acquisition. Much of Voyage's team will transfer ... Not part of subscription
GM buys out SoftBank stake in robotaxi company Cruise for USD 2.1 billion
News Commentary | March 22, 2022
GM now holds an 80% stake in Cruise. GM has also agreed to invest the additional USD 1.35 billion that SoftBank had committed to when Cruise opened its robotaxi service in San Francisco. Cruise will operate in the way it currently does, and the companies hope that the simpler stakeholder structure ... Not part of subscription
by Lewie Roberts
Volkswagen (VW) will invest $1 billion in cash towards purchasing equity in Argo (Ford and VW will have equal stakes), and VW's own Autonomous Intelligent Driving (AID) company (valued at $1.6 billion) will be contributed entirely to Argo, with 200 AID employees joining Argo. This new alliance is hugely important to combat similar partnerships in the autonomous vehicle (AV) world, like Cruise and Honda/GM. At the same time, clients should recognize that these types of strong partnerships threaten players broadly looking to develop AVs on their own, like Zoox and Tesla, though many startups are still able to focus on specific commercial applications of AVs.
For the original news article, click here .