How Polestar is using blockchain to increase transparency

Annual car sales are unlikely to reach pre-COVID-19 levels anytime soon. In fact, experts say that the rate of recovery is forecasted to be a result of a slowdown in internal combustion engine (ICE) vehicles, with electric vehicles gaining a positive trajectory during the pandemic recovery period and beyond. According to a recent Deloitte study, EVs are likely to secure 32% of the global market share for new car sales by 2030.  More electric vehicles! Sounds great for the environment, right? Yes, but electric car manufacturers have to tread carefully. More EVs means more batteries, and it’s essential that companies source…

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Volvo owner Geely partners with China’s biggest search engine company on autonomous cars

Geely, the Chinese owner of Volvo, Lotus, and Polestar, is going to work with Chinese search giant Baidu to develop electric cars, which will feature connected and autonomous technologies. According to reports, the two companies are forming a partnership, which will create a new sub-brand for the vehicles. They’ll be built on Geely’s electric platform and will be fitted with mapping and infotainment features developed by Baidu. With that in mind, we can think of this as a Chinese version of Android Automotive, which as it happens, was featured for the first time in another Geely-made vehicle, the Polestar 2.… This story continues at The Next Web

Chinese tech giant Baidu reportedly plans to launch an AI chip company

Baidu is reportedly planning to launch a subsidiary AI chip firm, which could boost China‘s efforts to develop a domestic semiconductor industry. CNBC reports that the search giant is in talks with venture capital firms GGV and IDG Capital about investing in the venture. The company would sell chips to customers in various industries, including automakers, and could also support Baidu’s work on electric and autonomous vehicles. A source told CNBC that Baidu would likely be the majority shareholder of the subsidiary. [Read: How Polestar is using blockchain to increase transparency] The news comes as China pushes to strengthen its homegrown… This story continues at The Next Web

General Motors debuts new logo to show it means business when it comes to electric vehicles

Summary List PlacementGeneral Motors unveiled a new logo on Friday as it transitions its century-old car business toward an electric future. 
The logo change — only the fifth update since GM was established in 1908 and the first in more than a decade — comes as part of a new marketing campaign focused on drumming up interest in the brand’s upcoming electric vehicles. 
The new logo features the company’s initials in lowercase, a departure from the capital letters that have served as GM’s logo for decades. The lettering is surrounded by a rounded blue square, and the whole logo is done up in a blue gradient, aimed at “evoking the clean skies of a zero-emissions future,” according to GM. 
The logo still has the familiar underline, but only below the “m” — GM says that’s a nod to the company’s Ultium battery platform that will power its new generation of EVs. The negative space between the underline and the “m” is designed to resemble an electrical plug. 
Read more: Automakers are poised to have a terrific 2021. An Experian credit expert reveals the key metrics that explain why.
The new design debuts alongside an “Everybody In” marketing campaign that GM is embarking on to launch its new EVs. 
GM plans to invest $27 billion in EVs and autonomous technology through 2025 and aims to grow its EV lineup to include 30 vehicles by that year. Its flexible Ultium battery and motor platform will underpin a wide range of new EVs across GM’s brands and price points. 
The GMC Hummer EV, the automaker’s first battery-powered pickup truck, is set to hit the road this year, while the Cadillac Lyriq SUV should arrive in 2022. A full-size three-row electric SUV is also in the works, as are two new vehicles based on the Chevrolet Bolt. SEE ALSO: General Motors just unveiled a new battery design to support the launch of nearly 2 dozen EVs by 2023, in what it calls a ‘reinvention of the company’
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