Li founded Proception just days after leaving Tesla, aiming to enhance human-robot interactions. Go to Source
Author: Tech In Asia Online News
Grab prices upsized $1.5b convertible bond offering
Initially set at US$1.25 billion, Grab’s offering was upsized due to strong investor interest. Go to Source
Nvidia LiteVLM cuts AI latency for self-driving cars
The new pipeline achieves a 2.5 reduction in end-to-end latency on the Nvidia Drive Thor platform. Go to Source
Vingroup’s GSM launches electric taxi in Philippines
Green GSM’s electric taxis will operate in 10 of Metro Manila’s 16 cities, aiming for zero emissions. Go to Source
Shareholders question Toyota Industries buyout plan
The deal involves Toyota Fudosan, backed by group firms, banks, and Toyoda’s own 1 billion yen (US$6.9 million) investment. Go to Source
Grab denies reports of $7b GoTo acquisition
Similarly, GoTo confirmed to the Jakarta bourse that no agreements have been made regarding a potential transaction. Go to Source
Chinese EV makers gain ground in Europe’s small car market
Chinese brands now hold a 3.4% market share in Europe, up from under 2% in 2024, helped by lower production costs. Go to Source
Tesla stock rebound 4% after $152b market drop
Tesla shares have declined 26.9% this year, including a 14% drop on June 5. Go to Source
Tesla stock drops 5% after Musk slams spending bill
The fall came after a 22% rally in May 2025 despite weak monthly sales. Go to Source
Indonesia’s Danantara considers role in $7b Grab-GoTo deal
Discussions are in early stages, with Danantara considering a minority stake in the merged entity. Go to Source