Nio partners with Monolith for real-time AI EV battery testing [Yahoo! Finance]
Honda Motor Company, Ltd. (HMC)
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Source: Yahoo! Finance
Monolith to test and improve electric car battery packs in real-time using the Chinese EV maker's battery swapping service in Europe, the companies said on Tuesday. Testing is due to start soon in five markets in Europe and Monolith CEO Richard Ahlfeld told Reuters the company is working through regulatory requirements to do the same in China. That should enable it to work with other Chinese automakers, Ahlfeld said. Monolith already works with around 10 of the world's top 20 automakers test electric vehicle batteries using machine learning algorithms, including Mercedes-Benz, BMW and Honda, to speed up their development and help western automakers catch up with newer Chinese rivals. "They're obviously way behind China so they need to learn really, really quickly," Ahlfeld said. A European automaker needs around five years or more to develop a new car, while Chinese EV makers only need around two years. "The Chinese want to push even faster, they're currently thinking 'okay,
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