Wayve, the UK-based autonomous driving startup, has raised US$1.2 billion in a Series D funding round, pushing its valuation to US$8.6 billion. The round was led by venture capital firms Eclipse Capital, Balderton Capital, and SoftBank Vision Fund 2, and included major tech and automotive investors such as Nvidia, Microsoft, Uber, Mercedes-Benz, Nissan, and Stellantis. Uber also committed up to an additional US$300 million in milestone-based funding to accelerate the deployment of Wayve-powered robotaxi services globally.
After the US Supreme Court ruled that tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were unconstitutional, President Donald Trump reacted sharply, invoking Section 122 of the 1974 Trade Act to impose a 15% tariff on global imports. The move has once again cast a shadow of uncertainty over US trade policy.
In late January 2026, Mercedes-Benz removed its Level 3 autonomous driving function from the facelifted flagship S-Class. By the end of April, BMW followed with a strategic pivot of its own. In the refreshed BMW 7 Series—the first model built on its Neue Klasse architecture—the company opted to abandon Level 3 capability, instead doubling down on an enhanced Level 2+ driver-assistance system.
Tesla CEO Elon Musk has amplified recruitment of South Korean semiconductor talent via social media, deepening competition for engineers as global tech firms increasingly target the country's skilled workforce.
The surge in demand for energy storage systems (ESS) in North America is fueling a competitive push among South Korea's three leading battery manufacturers—LG Energy Solution (LGES), Samsung SDI, and SK On—to expand lithium-iron-phosphate (LFP) battery mass production. Industry insiders cited by Ddaily reveal that these companies are accelerating preparations to produce ESS-grade LFP batteries locally in the US.
In an interview with Germany's Handelsblatt, Infineon CEO Jochen Hanebeck said the emerging robotics market is expected to generate significant revenue growth and help support the company's stable performance amid margin pressures.
The Supreme Court of the US has ruled unconstitutional the auto tariffs imposed under President Donald Trump's invocation of the International Emergency Economic Powers Act (IEEPA), delivering a major blow to one of the administration's most controversial trade tools. While the ruling opens the door to potential refunds, it leaves the broader auto tariff framework largely intact — and companies should not expect swift relief.
Alphabet's Waymo has refocused competition from pure perception advances to real-world feasibility and business model viability with its sixth-generation autonomous driving hardware system, Gen6, targeting two long-term commercialization bottlenecks: high costs and climate adaptability.
U.S. President Donald Trump has issued a severe new warning to U.S. trading partners following a recent Supreme Court decision that quashed his previous global duties.
According to various foreign media reports, Mercedes-Benz, Volvo Cars, and Stellantis NV have renewed evaluation, research, and investment in sodium-ion batteries, a technology earlier sidelined due to weight and energy-density limitations.
Uber Technologies Inc. announced on February 18, 2026, that it will invest more than US$100 million to develop specialized charging infrastructure for autonomous vehicles (AVs), marking a significant pivot as the company moves to own physical assets and secure its robotaxi future.
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