News Commentary | September 23, 2019
In a move reflective of VW's recent $2.6 billion investment in Argo AI, Hyundai will contribute $1.4 billion in cash and $0.4 billion in resources (vehicle engineering, R&D, and IP) to Aptiv's existing autonomous vehicle (AV) platform. This is a significantly larger sum than it allegedly ... To read more, click here.
News Commentary | December 19, 2019
Back in August 2019, Grab announced that it would invest $2 billion in Indonesia toward developing a next‑generation transportation network. In its first move, Grab is partnering with Hyundai, Astra Honda Motor, and Gesits in launching 20 EVs and 10 e‑motorcycles. These 30 vehicles will be available... Not part of subscription
Analyst Insight | December 16, 2020
This insight is part of the Lux Mobility Team's Year in Review series examining the highlights and key developments of the mobility sector in 2020. For an overview of the other storylines in the Future of Mobility program, see our insights on Improving Urban Mobility, Future Energy for Mobility, and... Not part of subscription
by Lewie Roberts
Uber is selling its autonomous vehicle (AV) unit and investing $400 million into AV company Aurora, giving Uber a 26% stake. Those who had invested in Uber ATG, such as Toyota, Denso, and SoftBank Vision Fund, will become minority shareholders. Unlike Uber, Aurora has placed a greater focus on autonomous trucking as the first application of autonomous vehicles, though it will pursue other applications of its AV tech, such as robotaxi services, in the future. A partnership with Uber will undoubtedly aid in the pursuit of this goal, but clients should be more focused on the huge shift of resources (money, talent, software, data) that is going from Uber's ride-hailing-focused strategy to Aurora's trucking-focused one.
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