Cruise robotaxis are headed to Japan
A press release from Cruise, GM, and Honda says that the three companies plan to launch a robotaxi joint venture in Japan starting in 2026. No word if the vehicles will play charming little MIDI tunes when they pick you up, but we can dream.
According to the statement, the yet-to-launch Origin — a dedicated-purpose robotaxi — will be the vehicle that debuts the service. Given the complexities of operating as a foreign business in Japan, it’s not exactly surprising that the three plan to start a new JV company in the market, one that will presumably be tailored and branded to the expectations of Japanese consumers.
As you’re likely aware, Japan operates some of the highest-throughput mass transit systems in the world. But at street level in a dense urban area, chances are most of the cars you’ll see driving around fall into one of two categories: taxis and commercial vehicles. Private car ownership is expensive and impractical in major Japanese cities for most residents, and taxis make up a critical part of mobility — whether last-mile or as transit to hubs like airports and train stations.
Ride-hailing services like Uber have struggled mightily to break into the Japanese market, both because of legal complexities and an extremely powerful domestic taxi lobby. While a venture like Cruise’s would be unlikely to offer major disruption at scale initially, there’s little doubt the aforementioned taxi lobby will try to derail any effort at autonomous rides. Today’s press release doesn’t get into any of the legal or practical hurdles — it’s just a statement that GM, Cruise, and Honda want to go forward with this.
As part of the announcement, an image of a Japanese-market version of the Origin AV was released (seen at the top of the article here). There appear to be some design tweaks to the front of the vehicle — slightly different headlights and a revised roof overhang — as well as an additional set of sensors or signaling devices on the sides of the vehicle not present in earlier renderings. The Japanese-market Origin will still be manufactured in the US, though it seems it will carry Honda badging in Japan.
You can find the press release here.
Electrek’s Take
Cruise unveiled the electric Origin AV back in 2020, and I’ll be the first to admit I thought this thing was a pipe dream at the time. But with both Cruise and Waymo offering reasonably functional (well, mostly) autonomous taxi services today, it doesn’t seem quite so farfetched. Launching in Japan, though? We’ll see how that goes.
From a strictly technical perspective, Japan may be better suited to vehicular autonomy than a country like the US. Road lanes and signage are extremely clear, drivers and pedestrians exercise great care, and roadworks are rigorously demarcated. For a computer, Japanese roads could offer a level of predictability that San Francisco would struggle to match.
But the power of the Japanese taxi lobby is hard to overstate. They successfully strongarmed Uber into working with existing taxi companies in Japan, and the company still doesn’t offer ridesharing in the country. So, the idea of cutting out drivers entirely is unlikely to go over well.
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Jakub Porzycki | Nurphoto | Getty Images
Bitcoin reached a fresh all-time high near $81,000 and futures premiums soared, in a clear sign that investors believe the record-run in the world’s largest cryptocurrency is poised for even more gains on the back of U.S. elections that saw a swell of pro-crypto candidates win office.
Open interest in bitcoin’s price surpassing $90,000 rose to more than $2.8 billion on the popular Deribit derivatives exchange, one of a few crypto native platforms that offers futures trading. Deribit encompasses most of the offshore options market.
“The options market’s bias is heavily toward continued momentum. Call options trade at a premium to puts, and open interest in out-of-the-money calls has grown,” Vetle Lunde, head of research at K33 Research, told CNBC.
A call option gives the buyer the right to buy shares of an underlying asset at a certain price for a specified period of time. Buying a call option is a bet the asset price will move higher. Buying a put option is a bet the asset price will fall.
The CME derivates exchange offers bitcoin futures contracts and is a popular way for institutions in the U.S. to make bets on the future price of bitcoin. Velde told CNBC that on Friday CME premiums for ether and bitcoin averaged 14.5% and 14%, respectively. Ahead of the election, Velde says these premiums sat at 7%, and had spent a majority of the past half year hovering slightly below 10%.
“The recent surge is a meaningful deviation higher emphasizing the bullish flows of late,” he added, noting that yields more or less stabilized well into the double digits after the election became clear.
“Alongside the growth in leverage, we saw the first meaningful example of growing yields in offshore derivatives, indicative of the move being led by determined risk-takers positioning for further upside,” said Velde.
The early innings of bitcoin’s push higher coincided with substantial growth in open interest in perpetual swaps, or contracts that allow buyers to speculate on where they think prices are headed without a set expiration date.
But liquidity in crypto markets on weekends is typically poorer than during weekdays, as neither CME futures nor ETFs are open to trade, so moves thus tend to overreact and substantially retrace once these markets open again, according to Velde.
President-elect Donald Trump promised on the campaign trail to turn the United States into the “crypto capital of the planet.” His multiple pledges to the crypto community included launching a national crypto stockpile with the more than $16 billion in bitcoin the U.S. government has amassed through asset seizures, as well as slashing interest rates. The easing of monetary policy typically dovetails with a surge in crypto prices since it makes it cheaper to borrow money.
The Federal Reserve, which guides the country’s monetary policy, sets the benchmark rate. It also, by design, operates independently from the White House. On Thursday, the Fed approved its second consecutive interest rate cut.
On the back of election results and the Fed’s unanimous vote to again slash the benchmark rate, the crypto market broadly surged into the weekend. Ether eclipsed bitcoin’s rise, up 30% in the last seven days, and solana’s market cap topped $100 billion on Sunday.
The total market cap of all spot bitcoin ETFs is now above $80 billion, and in the last three trading days alone, the spot funds collectively added $2.3 billion.
Within fintech, companies tied to crypto were some of the top performers, after candidates funded by the crypto industry won races up and down the ballot.
Coinbase shares jumped 48% for the week, their strongest performance since January 2023. Coinbase was one of the top corporate donors in the election cycle, giving more than $75 million to Fairshake and its affiliate PACs, including a fresh pledge of $25 million to support the pro-crypto super PAC in the 2026 midterms.
Trump has vowed to oust SEC Chair Gary Gensler, which potentially bodes well for companies like Coinbase fighting the regulator in court over alleged securities offenses.
“Tuesday night was certainly a big night for crypto and the crypto voter,” Coinbase’s chief legal officer Paul Grewal said in an interview. “We’re going to have the most pro-crypto Congress ever, and Coinbase has played some part in all of that.”
Robinhood, which allows users to buy and sell a number of digital currencies, rose 27% for the week. The online brokerage received a Wells Notice from the SEC in May, a move that often precedes formal charges.
Robinhood’s general manager for its crypto unit told CNBC that the goal at Robinhood is to be able to work within the administration.
“If you think about crypto, it’s a very fast-moving pace. It’s complicated, it was made by engineers, for engineers,” said Johann Kerbrat, the Vice President and General Manager of Robinhood Crypto. “We want to help policymakers to understand it and help them drive the right protections for the customers.”
In a bid to clean up its streets in more ways than one, the city of Madison, Wisconsin has added two Class 8 electric trucks to its garbage fleet earlier this year in the form of a pair of Mack Electric LR HDEVs … and the city already has plans to add two more.
In 2017, the city of Madison became the 25th North American city to set a zero-net carbon goal for for city operations by 2030 and the city as-a-whole by 2050. To that end, the city has begun electrifying its heavy truck and equipment fleet with the deployment of two Mack Electric LR HDEVs – reportedly the first two Class 8 BEVs to deployed in America’s dairy land.
“One of the reasons we’re going all-in on electrification is because it’s better for the environment,” explains Madison Mayor Satya Rhodes-Conway. “These refuse trucks hit every single block in the city of Madison. That is a lot of diesel fumes in our neighborhoods. If we can take even one diesel truck off of the streets … it is a win for our community.”
The big Class 8 Mack Trucks are powered by a pair of electric motors putting 400 combined kW (about 536 hp) through a 2-speed Mack Powershift transmission that offers a barely believable 4,051 lb-ft of peak torque output. That’s over 40% more power than the first generation LR Electric released in 2019 – and this iteration can charge the 376 kWh batteries fully in under two hours at 150 kW.
The two trucks are charged overnight at the city’s truck depot, using a pair of ChargePoint-provided DCFC dispensers.
“Five years ago, Madison had no electric vehicles in its fleet,” continued Mayor Rhodes-Conway. “Today, we have more than 100 full electric vehicles, 150 hybrids, and, thanks to the Biden-Harris administration, 62 new electric buses that will serve our bus rapid transit system. Electrifying heavy-duty vehicles is on the forefront of zero-emissions technology. Madison will help demonstrate the performance of these new electric garbage trucks in real-world conditions and help quantify the long-term savings associated with eliminating fossil fuel costs and reducing maintenance expenses.”
Electrek’s Take
Municipalities all over the country are starting to understand that electric garbage trucks offer real advantages – and not just financial or environmental ones – that make life for people who live and work with and near them a whole lot better. Madison’s mayor obviously gets it, and these two Mack HDEVs will surely not be the last.
SOURCE | IMAGES: Mack Trucks, via Facebook.
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With Camp Mode, Tesla started a new era for car campers. Quiet climate control, a multimedia entertainment display, a glass roof, and a large rear flat compartment area that easily fits most 6′ adults with a mattress mean that hotels on long solo drives are now optional. It can also be a nice camping option for those who don’t want to sleep on the ground, a convenient nap spot, or a nice place to relax and (Netflix and?) chill with that special someone.
When my dad got sick during Covid, I spent a lot of time on the road driving from New York to Ohio. I’d leave at night and usually start to get tired somewhere near the middle of Pennsylvania. Instead of getting a COVID-friendly hotel room, I’d just pull into a parking spot near or adjacent to a Supercharger. At the time, I was using a Havnby roll-out mattress, which was comfortable but really didn’t have the back support of a thicker mattress. Because I only planned to sleep about 4-5 hours, the mattress worked mostly fine and saved much time and money.
Unfortunately, the rollout mattress has some downsides. For one, it leaves lots of room on the sides and below for things to fall down. Phones, glasses, and wallets were all susceptible to these gaps, especially after tossing and turning. The worst part is that the pillow would often fall down behind/between the front seats.
Also, in terms of support, the mat doesn’t have great support for hips and back and required occasional mid-sleep movement to avoid pain.
So that’s where the larger inflatable mattress comes in…
Havnby’s air mattress fits inside a bag that can be stored in the Model Y subfloor “tub” or in the frunk for emergencies and that’s where mine usually lives. I also can easily fit some sheets, a blanket and a pillow/case as well. This is nice because you never know when the sandman is going to come in the middle of a long drive.
Deploying the air mattress can be done in under 60 seconds and as you can see in the video above, can be done with one hand. Steps:
- Put down the back seats (can be done from rear)
- Open Tub false floor and put bag on floor.
- Lay out deflated mattress with inflator on your left side
- Find 12V lighter adapter and plug into lighter receptacle. Turn dial to “inflate”.
- As it inflates, grab sheets and put them on
- Grab pillow and blanket and it is sleep time!
The air mattress expands to the edges of the seats and rear compartment and hugs the doors and wheel wells, not only ensuring the maximum amount of car camping square footage but also making it hard for things to fall around the sides. At 4.5-inches of thickness and sloping to 7 degrees of the rear seat incline, the air mattress, when inflated, is many times more comfortable than the other mats. I’ve noticed that it stays inflated particularly well over not just one but multiple nights.
If I had one complaint, it would be the quality of the 12V adapter wire, which seems a little tiny. I haven’t had problems in months of use, but if I had to guess which part would eventually wear/break, it would be this. Of course, this would be a quick and cheap repair.
Tesla does make its own similarly-priced air mattress for the Modely Y but it is thinner, has a separate inflator and is typically out of stock.
If space and budget are flexible, you can do what I do and put a mat mattress on top of the air mattress for the most comfortable, yet still portable solution. With the glass roof and premium sound, I’m tempted to forgo my regular bed and sleep on clear nights under the stars!
The experience has been amazing. You can listen to music or watch movies in a glass-roofed, temperature-controlled environment.
Grab the Havnby Tesla Model Y mattress ($249) or many of their other Tesla accessories at the online store and get a free gift. Makes an amazing holiday present for hard to shp for Tesla Model 3/Y owners. Check out other gift ideas in Electrek’s Tesla Shop.
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