Nissan, Mitsubishi to form robotaxi, EV battery JV
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 4 November 2024
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Monday, November 4th. I'm Julie Morgan. Nissan and Mitsubishi are partnering up. |
| 0:15.0 | Stone Peak is reportedly near a deal to acquire ATSG and Palantir reports earnings today. |
| 0:23.5 | Nissan Motor and Mitsubishi will form a joint venture by the end of fiscal 2024 |
| 0:28.5 | for services involving electric vehicles and self-driving cars. |
| 0:33.0 | According to the report by a Japanese media outlet, the JV will aim to provide Robotaxy services |
| 0:38.9 | using Level 4 autonomous driving technology and at-home EV battery storage, among other services. |
| 0:46.2 | Nissan is currently developing the Robo Taxis while Mitsubishi is working to commercialize a system |
| 0:52.0 | that uses artificial intelligence to figure out optimal routes. |
| 0:56.1 | The companies are targeting to launch the robotaxies initially in Japan. |
| 1:00.6 | The JV will also work on providing a service that connects EVs to homes and power grids, |
| 1:06.5 | which would allow people to use electricity stored in their cars at home or sell it to power companies. |
| 1:12.5 | It will also explore the collection of used EV batteries for secondary use and recycling. |
| 1:18.4 | The venture will be funded equally by both companies with verification tests expected to begin in 2025, |
| 1:25.3 | according to the report. |
| 1:27.7 | Stone Peak Infrastructure Partners is nearing a deal to acquire Air Transport Services Group |
| 1:33.1 | in a $3.1 billion deal, according to a report by Reuters on Sunday, which cited people |
| 1:39.3 | familiar with the matter. According to the report, Stone Peak would likely pay $22.50 per share for |
| 1:46.0 | ATSG, a 30% premium from the company's closing price on Friday. Sources said the deal would |
| 1:52.8 | include debt and the deal could be announced as early as today. Neither Stone Peak nor |
| 1:58.1 | ATSG immediately responded to request for comment by seeking Alpha. |
| 2:03.2 | ATSG is expected to report its Q3 earnings on Friday. |
... |
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