Sentences with phrase «valley car startup»

But LeEco, whose owner Jia Yuentig is behind the Silicon Valley car startup, reportedly received $ 1.44 billion from an unidentified investor on the same day it broke ground on a new electric car factory in China.

«It's clear Mr. Jia doesn't have any money,» Nevada State Treasurer Dan Schwarz recently said of Jia Yueting, the tech mogul behind the mysterious Silicon Valley car startup Faraday Future.

Not exact matches

The company is opening a research and development center called Didi Labs in Mountain View, Calif., one of several Silicon Valley hotspots for artificial intelligence and self - driving car technology startups.

Ford (f) also announced its intention to make self - driving cars for commercial ride - sharing or on - demand taxi services by 2021, a target the automaker says it will reach by expanding its Silicon Valley research lab, as well as investing in or buying autonomous vehicle technology startups.

Aurora has been a much - watched startup because it was founded by three of Silicon Valley's most famous self - driving engineers: former Google self - driving car project head Chris Urmson; the former head of Tesla Autopilot, Sterling Anderson; and former Uber self - driving star engineer Drew Bagnell.

Autonomous Car Concept: rising numbers of of old - line companies are acquiring Silicon Valley tech startups

But the agreement between Tesla, one of Silicon Valley's growing crop of green tech startups, and Hyatt, a global corporation with 753 hotels, shows just how much has changed in the way the world looks at electric cars.

Last weekend, the Silicon Valley electric car startup Project Better Place said that Renault - Nissan, which is its partner, would likely spend between $ 500 million and $ 1 billion on building electric cars.

Zunum, which is based outside Seattle, is unique among aviation startups and Silicon Valley projects insofar that its not pursuing vertical take - off and landing technology — known colloquially as «flying cars.»

Six top staffers have left the Chinese - backed, Silicon Valley - based startup car company Faraday Future in recent months, the automaker confirmed to Jalopnik following an inside tip.

Six top staffers have left the Chinese - backed, Silicon Valley - based startup car company Faraday...

For example, in California's Silicon Valley, two veterans of Apple's Special Projects Group named Soroush Salehian and Mina Rezk have founded a startup known as Aeva, and their goal is to give eyes to self - driving cars.

Both companies were founded on the premise that a startup electric car maker, with backing from Valley venture capitalists, could use a cool car as a launching platform to become a more mainstream auto maker.

Like a few other relatively new Chinese car startups, Byton is based in China but has an office in Silicon Valley.