Tesla Plans to Launch a Robotaxi Network in 2020

Posted by MarketsandMarkets on May 3, 2019 6:06:06 PM

Tesla plans to launch the first robotaxis as part of a broader vision for an autonomous ride sharing network in 2020, CEO Elon Musk said during the company’s Autonomy Day. Musk confirmed that there will be more than a million Robotaxis on road next year. Robotaxi is an upcoming megatrend in the automotive industry. It is a disruptive technology that can lead to the development of new mobility models and provide vast opportunities for infrastructure development.

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Topics: electric vehicle market, automotive industry, ride sharing market

Renault-Nissan-Mitsubishi Alliance May Get Stronger with Upcoming Mergers

Posted by MarketsandMarkets on Apr 18, 2019 10:52:11 AM

Renault-Nissan-Mitsubishi Alliance

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Topics: Automotive and Transportation, electric vehicle market

Volkswagen to invest USD 800 million in the production of electric vehicles

Posted by MarketsandMarkets on Jan 17, 2019 6:31:46 PM

Recently, Volkswagen announced its plan to increase investments in electric vehicles in the US. As part of the plan, Volkswagen will invest USD 800 million in the production of electric vehicles at its plant in Chattanooga and Tennessee. Additionally, the company stated that electric vehicle production would begin in 2022 and it is looking to manufacture luxury Audi vehicles in the US. Moreover, Volkswagen has plans to add electric vehicle production facilities in Germany by the end of 2019.

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Topics: Automotive and Transportation, Volkswagen, electric vehicle market

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