Valeo, a global leader in advanced driving assistance systems (ADAS), marked a significant achievement by producing its 20 millionth front camera system incorporating Mobileye technology.
The front camera system, utilizing the Mobileye EyeQ, enhances road user safety by supporting critical features such as autonomous emergency braking, adaptive cruise control, lane-keeping assist, and traffic sign recognition.
As over 90% of road accidents are caused by human error, ADAS plays a crucial role in transforming mobility by enhancing safety and comfort. The ADAS market is projected to grow by 17% annually, reaching 60 billion euros in 2030.
U.S. EV sales are growing, but not enough to offset gasoline cars. That's because sales of those vehicles are growing faster, according to a new report.
Experian's Automotive Market Trends report for the third quarter of 2023 showed that while electric cars now account for a larger share of the U.S. vehicle fleet than they did a few years ago, the size of that fleet has grown overall—with gasoline cars accounting for most of that growth.
Despite EVs growing from a quarter of a percent of the U.S. fleet in 2019 up to more than 1% of the fleet today, that hasn't been enough to offset the growth of gasoline models.
Fleetio, a leading fleet maintenance management software-as-a-service (SaaS) company, reports a remarkable year of growth, innovation and category excellence in 2023. The company achieved significant milestones, which include securing $144.7 million in Series C funding, accelerating growth and expansion plans.
In 2023, Fleetio experienced more than 45% year-over-year growth, providing innovative software solutions to companies that manage complex fleets of vehicles, equipment, tools and trailers.
“We’re honored to be recognized in 2023 as a leader within our industry. Fleetio’s success is fueled by our commitment to our customers and dedication to the continued evolution of the fleet management industry,” said Tyson Goeltz, Chief Revenue Officer at Fleetio.
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Detroit recently celebrated another milestone in automotive innovation by installing the nation's first electrified wireless-charging public roadway for electric vehicles.
The Michigan Department of Transportation (MDOT) and the city of Detroit opened the segment of 14th Street in Detroit's Michigan Central as a "mobility innovation district," per Axios. The roadway will enable EVs to charge their vehicles without stopping to plug them in.
The city will use the quarter-mile stretch of road to test out and perfect the wireless-charging technology Electreon installed in a "real-world environment" before the technology becomes publicly available in the following years.