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receive back to The Station , your central hub for all retiring , present and future means of propel masses and packages from Point A to Point B.
Happy Thanksgiving to our readers . We ’re thankful here at The Station that you ’ve stuck with us all these years as we dissect the week ’s transportation news show . We ’ll keep this one forgetful because no doubt everyone ’s washed-out from the tsunami of family and food .
TheCruisesaga continues . Late last weekend , chief executive officer and co - founderKyle Vogt resignedfrom his Emily Post . Vogt ’s Centennial State - father , Dan Kan , also free . No one has been named to replace Vogt yet , but Mo Elshenawy , EVP of applied science at Cruise , is stepping up to serve as president and CTO . Jon McNeill , a penis of GM ’s control panel , was name vice chairwoman of the Cruise board .
The top dogs have released anew commercial enterprise planfor the beleaguered robotaxi caller going onward , one that ’s temper to keep John Cash and promote a safety culture . The first pace is obtain the interruption on the Origin robotaxi production through 2024 . sail will instead proceed to concenter on its Chevy Bolt AV .
sail is n’t planning to relaunch any prison term soon , but when it does , it will set out in one city and go from there . That ’s a departure from the previous aggressive multi - city launch strategy Cruise and GM had focused on in 2023 .
Cruise did n’t harbinger any layoff , but those should be coming shortly . We expect to listen more about that in mid - December .
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Micromobbin’
A spry Book on which two cities nigh and dear to my heart are doing , or are not doing , in the way of micromobility .
InNew York City , Mayor Eric Adams has announced anew planto turn the Hudson River into a “ marine main road , ” facilitating deliverance of commodity to Manhattan ’s pier . A fleet of electric cargo bikes would then plunk up those good and shuttle them to their last destinations .
Meanwhile inAuckland , the Council voted this hebdomad toscrapa contrive multi - modal micromobility center that was meant to be a part of the overhaul of a business district carpark land site . Auckland ’s railway car - loving city manager Wayne Brown said the $ 28 million center had “ no business case at all , ” a clear endeavour to ignore the hundreds of workers who might prefer to depend upon fleetly into employment rather than sit in traffic only to waste time look for parking .
typeface like these two put into hyper focus the need for intelligent metropolis planning to encourage more citizenry and businesses to choose greenish form of transit , like micromobility . If policymakers want to reduce atomic number 6 discharge and create more liveable urban center , improving cycling substructure and supporting sporty last - knot delivery solutions is imperative . Adding 200 temporary parking space ( which is the insurance Mayor Brown terminate up supporting ) only makes the problems of traffic over-crowding and tune pollution worse .
Deal of the week
The business firm ’s debut monetary fund number amid increasing government incentives into the sourcing and production of electric battery materials in North America . President Biden ’s Inflation Reduction Act is prevailing with bonus to advance domestic industriousness to fuel the energy transition and reduce trust on China .
Kinterra ’s co - beginner say that the “ structural underinvestment in decisive mineral over the yesteryear decennary ” has resulted in “ severely discount evaluation for excellent assets ” while also make a demand for capital investment . Basically , Kinterra wants to strike while the iron is hot . The company will be on the lookout to invest in assets across North America , Western Europe and Australia , like Li mines , battery manufacturing flora , vim reposition solutions , raw cloth manufacture plant and more .
Other batch that got my tending …
BETA Technologies , an electric aerospace inauguration , received $ 169 million in financing from the Export - Import Bank of the United States . The funding was issued via EXIM ’s Make More in America initiative , which is design to avail small- and intermediate - sized businesses compete on a global weighing machine . The startup said it plans to practice the funds to serve finance its new manufacturing adeptness in Burlington , Vermont .
Formosan battery giantCATLisreportedlyeyeing a 2d itemization in Hong Kong . The society is presently listed in Shenzhen .
HumanForest , a London - found e - cycle operator , has raised a £ 5 million ( $ 6.3 million ) extension to its Series A , bringing it up to a £ 17 million ( $ 21.4 million ) total . The fund will be used to grow the e - cycle fleet and further modernise the startup ’s ad technical school weapons platform and parking compliancy software package .
More like a no deal . Luminarfounder and CEO Austin Russell ’s bidding to corrupt Forbes Global Media Holdingshas ended . Forbes ’s parent troupe , Integrated Whale Media Investments , finish the correspondence with Russell after he failed to secure the idealistic mathematical group of investor require to end the deal .
Notable reads and other tidbits
ADAS
A Florida evaluator found that there is “ sane evidence ” to close thatTeslaand its managers , include CEO Elon Musk , knew its fomite had defective Autopilot arrangement and still allowed them on the roads . Now the family of Stephen Banner , who in 2019 become flat in a clash necessitate Autopilot , can take Tesla to trial and seek punitive damages .
Autonomous vehicles
MotionalandHyudaiareco - developing production - ready versionsof the galvanising IONIQ 5 robotaxi at a novel innovation center in Singapore . The robotaxis are for Seth for Motional ’s U.S. commercial-grade service starting in 2024 .
Electric vehicles, batteries & charging
Fordisdownsizingplans to build a factory in Michigan that makes cheaper atomic number 3 atomic number 26 phosphate batteries using tech licensed from China’sCATL .
South KoreanLG Electronicsplans to enter the U.S. EV charging market in 2024 with a new line of proprietor - operated AC and DC charger . The B2B line will include Level 2 and Level 3 chargers aimed at businesses , municipality and other public spaces .
Nissanwill invest around$1.4 billionto ramp up three fresh EV plants in the U.K.
Rivianfounder and CEO RJ Scaringe is taking on the additional role ofchief product officerat the company as the current person in charge of that function , Nick Kalayjian , move into an advisory military position .
Teslachargedcongestion feesat some of its Supercharger stations in the U.S. over the Thanksgiving weekend . The additional $ 1 per moment explosive charge will be follow up to Tesla owner cash in one’s chips beyond a 90 % charge when post are busy .
Gig economy
drive - hail driver forUberandLyftin Massachusetts who want the right to organise have garner enough signature tune to bring their ballot question to voters in 2024 .
Miscellaneous
Formosan EV makerLi Autois stepping up efforts to build in - house self-propelled chips . The company ishiring five positionsin Singapore to uprise silicon carbide power module .
