Monterey Car Week included reveals such as the all-electric Cadillac Opulent Velocity, Chevrolet Corvette CX and CX.R Vision Gran Turismo concepts, and Lucid Gravity X. An attendee missed the event due to a newly fractured and boot-encased foot. Forecasts are being solicited on automakers and EV sales in the United States after the federal EV tax credit expires September 30. Automakers are expected to take short-term actions to attract customers beyond the expiring tax credit. Serve Robotics acquired Vayu Robotics, which built AI foundation models and a simulation-powered data engine for robots, for an estimated $45–50 million. Earlier coverage noted a deal involving Uber, Nuro, and Lucid with an undisclosed multimillion commitment from Uber.
I was sad to have missed the Monterey Car Week this year, especially because there were a number of reveals I was interested in, including the all-electric Cadillac Opulent Velocity; the Chevrolet Corvette CX and CX.R Vision Gran Turismo concepts; and Lucid Gravity X reveals. But alas, the sprawling, Champagne-soaked grounds of Quail or the sea of seersucker suits and wide-brimmed hats at Pebble Beach Golf Course were suboptimal landscapes for my newly fractured and boot-encased foot. Next year!
In the meantime, I thought I would reach out to you, dear reader, to get your forecast on what's in store for automakers and EV sales in the United States once the federal EV tax credit expires September 30. My prediction? Well I don't really want to taint the results, but I will say this: Automakers are going to have to do something in the short term to attract customers, and not just because of the expiring EV tax credit.
Serve Robotics, the autonomous sidewalk delivery robot company, announced earlier this week that it acquired Vayu Robotics, a startup that has developed AI foundation models and a simulation-powered data engine for robots. The companies didn't disclose the terms of the deal, but some back-of-the-envelope math and a little bird helped me determine that Serve Robotics paid between $45 million and $50 million for Vayu.
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