Sentences with phrase «autonomous vehicles on the market»
Founded as recently as March 2016 by former executives from Tesla, Apple and Google, Future Mobility (which will now operate its EV business under the name Byton) has already garnered a huge amount of interest from investors, securing $ 200m to achieve its promise of launching autonomous vehicles on the market by 2020.
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Today, the future for autonomous vehicles is bright, and it is expected that there will be millions of self - driving cars on the road by 2035, creating a multi-billion dollar market.
When asked about the timeline for bringing fully autonomous vehicles to market, Musk used it as an opportunity to sound off on the press.
BMW and Mercedes - Benz parent Daimler are now working on developing autonomous cars, vehicles which could enable them to upend the market for taxi and ride - hailing services.
Sealing the deal would reduce its dependence on the stagnating mobile - phone market and expand exposure to faster - growing ones such as autonomous vehicles.
Parallel Domain's first customer is NIO, an autonomous vehicle startup focused on the Chinese market.
Cutting its losses in China, shifting to focus on autonomous vehicles and more easily winnable markets, and joining forces with Didi to stop bleeding cash appears to help pave a path for an Uber I.P.O. in the near future.
«That's why we are developing autonomous driving and connectivity for mass - market, mainstream vehicles on three continents.»
GM needs to awake from their stupor of dumping huge $ $ $ on stuff like autonomous vehicles and earn back some market segments.
Daimler recently announced that it will have an autonomous vehicle available on the market place by 2020, echoing statements made recently by several other automakers.
As per the reports from company's spokesperson, the autonomous vehicle is already on its way of providing safety functions that are semi-autonomous to the mass market.