The big events in smart cars this week are as follows: Nvidia has the largest market capitalization in the world.
On June 18th, Nvidia’s shares rose 3.
6% to $3.
34 trillion, surpassing Microsoft ($3.
32 trillion).
On the day, Apple’s share price fell 1.
1%, and its market capitalization fell to $3.
29 trillion.
It also means that Nvidia overtook Microsoft to become the world’s most valuable public company.
Photo: Companies Market Cap screenshot, Nvidia is the new winner of the title of “most valuable company in the United States.
” For the past few years, Apple and Microsoft have been vying for the title.
Earlier this month, Nvidia’s market capitalization exceeded $3 trillion for the first time, surpassing Apple.
Xiaozhi comments: Nvidia’s market capitalization growth benefits from the rapid development of AI technology and the strong market demand for high-performance AI chips.
With the rise of generative artificial intelligence, Nvidia’s share price has risen sharply since the end of 2022, taking over from former market capitalization leaders such as Apple and Microsoft, which may also be a sign of a full-scale shift from the mobile Internet era to the AI era.
It was revealed that Tesla was allowed to test the FSD in Shanghai.
According to Bloomberg, Tesla has been allowed to test an advanced driving assistance system on some streets of Shanghai, according to people familiar with the matter.
Hangzhou may also approve Tesla to test the system, according to people familiar with the matter.
The initial tests will be conducted by Tesla’s employees, according to people familiar with the matter.
Photo: Tesla, representatives of Tesla, Shanghai municipal government officials and Hangzhou municipal government officials did not respond to requests for comment.
About six weeks ago, Tesla’s share price soared after Tesla CEO Elon Musk received preliminary permission to deploy his advanced driving assistance system during a visit to Beijing.
Tesla FSD’s entry into China is largely to reverse the decline in its sales in China, which may be of positive significance in promoting the development and application of self-driving technology in China, and may trigger a new round of competition and innovation in China’s self-driving industry.
However, it will certainly face the challenge of adapting to Chinese laws and regulations and road environment in the short term, which will take a long time to verify, and it should not have the same great influence as electric cars entered China at that time.
According to the website of the Securities Regulatory Commission, Momenta Global Limited (Mengteng Zhijia Global Co., Ltd.) was received by the Securities Regulatory Commission through the overseas listing filing documents submitted by the domestic operating entity Mormon Tower (Suzhou) Technology Co., Ltd., according to the website of the Securities Regulatory Commission (CSRC).
According to the latest progress of Momenta’s visit to the United States, IPO.
The company plans to issue no more than 63.
3529 million common shares and be listed on the NASDAQ Stock Exchange or the New York Stock Exchange.
In May, it was reported that Momenta had secretly submitted its application for an initial public offering (IPO) in the United States.
Momenta is working with China International Capital Corporation, Goldman Sachs and UBS on a possible listing, possibly as early as this year, according to people familiar with the matter.
Small wisdom comments: smart driving field set off a wave of IPO craze, intelligent driving technology research and development cycle is long, high cost, through listing to provide enterprises with a stable source of funding to support their long-term R & D investment and technology iteration, increase competitiveness, understandable.
Xiaopeng Zhizhi welcomes new executives.
“Welcome Tingting to join Xiaopeng automobile family,” according to the content of Xiaopeng Automobile Weibo on June 18.
It is reported that “XP-Candice Tingting” is the senior director of Xiaopeng auto self-driving products, replacing Liu Yilin, the previous senior director of Xiaopeng auto self-driving products.
According to related sources, Candice Tingting, named Yuan Tingting, former head of self-driving business at Alibaba Dama Institute, graduated from Zhu Kezhen College of Zhejiang University and worked for Zhejiang Maritime Safety Bureau and New Energy vehicle Intelligent Travel platform Panda respectively.
Later, he joined Alibaba Dama House as the head of self-driving business.
Xiao Zhi comments: yuan Tingting’s technical experience and management ability may bring some different changes to Xiaopeng, helping the company to make a new breakthrough in intelligent driving technology, the specific effect remains to be seen.
Hyundai delayed the commercialization of L3 self-driving technology.
According to foreign media reports, Hyundai Motor Group postponed the commercialization of its L3 self-driving technology to 2025, mainly in order to improve the technology and ensure the compliance and safety of the technology, while waiting for the South Korean government to further relax relevant regulations in order to better promote the commercialization of self-driving technology.
On June 17, according to industry insiders, Hyundai Motor Group is actively upgrading its L2 self-driving technology, which aims to lay the foundation for the commercialization of L3 self-driving technology by strengthening the performance and function of L2 self-driving technology, which will then be widely used in Hyundai Motor Company and Kia vehicles.
, IONIQ 5N.
photo: Hyundai, which had planned to equip Kia’s large electric sport utility vehicles with highway self-driving (HDP), or L3 self-driving technology, in 2023.
However, based on technological maturity, potential legal risks, market demand and cost-effectiveness considerations, the plan was eventually cancelled.
Now, Hyundai’s internal policy has decided that the three-row large electric sports utility vehicle (SUV) “IONIC 9” (tentatively named), which is scheduled to go on sale in the second half of the year, will not carry L3 self-driving technology.
Xiaozhi comments: whether out of helplessness or pragmatism, the move may affect current competitiveness in the field of self-driving, but in the long run, ensuring the safety and reliability of technology is more important for building consumer trust.
Self-driving truck startup Waabi raised $200m, and on June 18th self-driving truck startup Waabi announced that it was oversubscribed in round B financing, led by existing investors Uber and venture capital firm Khosla, and the venture capital divisions of Nvidia, Porsche and Volvo.
Photo: Waabi, since its inception in 2021, Waabi has raised a total of US $280 million.
Waabi expects its artificial intelligence technology to be used not only in trucking, but also in humanoid robots and warehouse robots.
Xiao Zhi comments: in terms of financing scale, the financing amount of 200 million US dollars is a considerable capital injection for a start-up company.
Although remarkable progress has been made in the development of self-driving technology, a large amount of financial support is still needed to complete the transformation from R & D to commercialization.
The commercial potential and society of self-driving trucksThe value is being initially revealed, and Waabi’s financing success may also drive R & D and investment enthusiasm in the autonomous truck industry.
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