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Glen De Vos says the next-generation sensors are scheduled for launch in 2028 with a price of $200-$300, making them more accessible for mass adoption.

The sale represents Uber’s second as a blue-chip company after it tapped investors for $4 billion around a year ago. The proceeds will be used for general corporate purposes.

Hesai, which raised $192 million in its U.S. initial public offering in 2023, was added to a Pentagon blacklist of companies linked to China’s military last year.

The crackdown has rattled South Korea and raised questions about the country’s willingness and ability to deliver promises it made to the Trump administration to invest in the U.S. 

Tariffs under Section 232 of the Trade Expansion Act are already in place for steel and aluminum and have compelled truck makers to increase their prices.

The raid focused on the battery plant construction site and agencies are investigating allegations of unlawful employment practices and other serious federal crimes.

Program Aired: September 4, 2 p.m. ET Bob Gottschalk, technical sales manager at Irdeto, and Lawrence Bader, principal at Advanced Transportation Technology LLC, join Seth Clevenger for an enlightening conversation about their experience guiding fleets through technology transitions and the tangible benefits that digital innovations can offer fleets of all sizes.

The German truck maker is working with Bank of America Corp. to sound out potential investors interested in acquiring a minority stake in Torc.

If the rule is finalized, DOT would amend its federal drug-testing program regulation (49 CFR Part 40) to include both substances. Public comments on the proposal are due Oct. 17.

The dispute over repair bills is the latest dustup between the world’s largest online retailer and contract firms that hire drivers to deliver packages to Amazon shoppers.