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1619520292 Toyota buys self driving car division of Lyft 1619520292 Toyota buys self driving car division of Lyft

Electric Cars

Toyota buys self-driving car division of Lyft

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Toyota Motor acquires Lyft’s autonomous driving technology division for $ 550 million.

The purchase will not only give Toyota access to the Level 5 automation system, but will also provide more than 300 professionals in this area. The company does not hide that the personnel component is key in the deal.

The Japanese automaker recently formed a subsidiary company, Woven Planet, which specializes in developing self-driving cars. The company’s management confirmed that it plans to further expand the development team and acquire third-party developments. However, no timing or specific plans for future acquisitions have been released.

For Lyft, the deal will enable it to become profitable faster and remove the burden and risk of developing expensive technology that has not yet entered mass production. The buyer will transfer part of the amount – $ 200 million – immediately, and the remaining 350 million will be paid within five years.

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Electric Cars

Honda showed its first electric crossover Prologue. But it will only be released in 2024.

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Honda showed its first electric crossover Prologue But it will

Honda, like many other Japanese brands, is far behind its European competitors when it comes to electrifying their cars. The company already has a Honda e, and now the manufacturer has unveiled its first electric crossover, the Prologue. True, the car will enter the market only in 2024.

Honda showed its first electric crossover Prologue.  But it will only be released in 2024.

Whatever it was, so far we have only one official image. The crossover on it is not very similar to the current Honda models. The source says that Prologue is a joint development of the Japanese giant and GM, but no details yet. It is likely that the Prologue and some General Motors electric cars will have a common platform.

Honda plans to introduce 30 new electric vehicle models by 2030 and expects sales of 2 million units. After launching the Prologue in 2024, Honda plans to begin production of new electric vehicles based on its e:Architecture architecture in 2026, and in 2027 it will have affordable electric vehicles also co-developed with GM.

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Electric Cars

“I will vote Republican.” Musk lashes out at Democrats over Tesla’s exclusion from S&P 500 ESG index

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I will vote Republican Musk lashes out at Democrats over

Tesla was excluded from the S&P 500 ESG at the beginning of the month, but most people only knew about it now that Elon Musk decided to speak out about it.

ExxonMobil ranks in the top 10 in the world in the S&P 500 ESG Index, while Tesla didn’t make it! ESG is a scam. It was used as a weapon by fake social justice fighters.

I will vote Republican Musk lashes out at Democrats over

The fact is that the S&P 500 ESG is an index that takes into account the environmental and social performance of companies. And Musk was obviously hurt that the huge oil company ExxonMobil was on the list, and Tesla was decided to be excluded. And there are even official reasons for the exclusion: Tesla has no strategy to reduce carbon emissions, no code of business conduct, and the company has also been accused of racism and poor working conditions.

But Musk did not stop at one statement.

I’ve voted Democrats in the past because they were (mostly) the goodness party. But they have become a party of division and hatred, so I can no longer support them and will vote Republican. Now watch their dirty campaign against me unfold

This is a much more serious statement, since many of Musk’s supporters are his supporters precisely because of his political views. Immediately, Musk made it clear that he changed them. This has already cost Tesla about $40 billion in capitalization, as the company’s shares fell immediately after the publication of its head.

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Electric Cars

Introduced two-seater Squad electric car with a solar battery

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Introduced two seater Squad electric car with a solar battery

Electric vehicle startup Squad Mobility has announced a two-seater electric car with a rooftop solar panel.

The name Squad stands for Solar Quad and the car will debut in Europe in 2023 with a starting price of 6,250 euros.

Introduced two-seater Squad electric car with a solar battery

This is a compact solar powered electric car that has a fairly simple design and is positioned as an affordable electric car. It will get large windows, removable doors, stylish wheels and a solar panel on the roof. The solar battery will allow to overcome up to 20 km a day. The car also has a replaceable battery, allowing you to increase the range to about 100 km. The Squad’s battery can be charged from common household outlets, adding to its versatility.

Introduced two-seater Squad electric car with a solar battery

The interior of the Squad is very simple, but the cabin has a digital instrument panel, as well as a climate control system. Two rear electric motors deliver up to 5 hp. and a top speed of 45 km/h.

Introduced two-seater Squad electric car with a solar battery

The company says it is also developing a four-seater solar-powered electric vehicle, but no release date has been given.

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