The $7 billion investment in Michigan will make Orion Assembly the second U.S. plant building the electric Chevrolet Silverado EV and GMC Sierra and build the third U.S. Ultium Cells battery manufacturing plant—for more than 1 million in EV unit capacity in North America by the end of 2025.
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The new joint development agreement is focused on automated driving systems, with the first Level 2 hands-free system for urban and freeway driving launching in 2023.
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It closed a $27 million Series A funding round to scale up the development of next-generation battery architectures with its chemistry-agnostic technology to help its customers deliver higher performing, lower-cost batteries at scale.
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Founded by former SpaceX engineers, the company just raised $49.55 million in Series A funds to help create autonomous battery-electric rail vehicles to move shipping containers cleaner, faster, safer, and more cost-effectively than traditional trains and trucks.
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The new electric and autonomous zero-occupant delivery vehicle flagship also called Nuro, designed to scale the company’s services to millions of consumers across the U.S., will be built in partnership with BYD North America in southern Nevada.
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The addition of more than 120 engineers strengthens the megasupplier’s ADAS capabilities, bolsters its advanced sensing technologies, and adds an engineering center in the Boston area.
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The acquisition from TPG for $4.3 billion gives Aptiv a unique position in mission-critical software across multiple industries, continuing its transformation for the edge-enabled, software-defined future.
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The cell is said to be the first to have been fully designed, developed, and assembled at a gigafactory by a homegrown European battery company, and follows other December news on partnerships with Galp and Volvo Cars.
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The company is planning for future growth and looking for investors for what it bills as the first pedal-operated electric motorcycle that is intuitive and easy-to-use like a bicycle but can accelerate like a motorcycle thanks to its Ecovolta motor.
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In January, a full-scale SD-03 will be on display at CES, with CES Unveiled seeing a miniature model, with the company aiming for the future SD-05 autonomous model as an air taxi for World Expo 2025 in Osaka.
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