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Author: Tech In Asia Online News

Nio misses revenue targets, faces loss amid Tesla pressure

Nio’s gross margin improved to 10.7%, rising from 8% the previous year despite lower revenue. Go to Source

Published November 20, 2024
Categorized as Automotive, News Site Tagged Electric vehicles, Financial Results, Tesla

Ex-Zalora, Grab execs’ logistics firm nets $9m pre-series B

The funding aims to enhance Locad’s AI-driven logistics capabilities and support international expansion plans. Go to Source

Published November 20, 2024
Categorized as Automotive, News Site

Tesla shares jump nearly 8% on Trump’s self-driving policy

According to Bloomberg News, Tesla’s stock rose 7.98% in U.S. premarket trading as of 6:11 a.m. ET. Go to Source

Published November 19, 2024
Categorized as Automotive, News Site Tagged Electric vehicles, Tesla

Xiaomi Q3 revenue jumps 30.5%, boosted by electric car sales

The company surpassed analyst expectations with revenue of US$12.77 billion, for the quarter ending September 30. Go to Source

Published November 18, 2024
Categorized as Automotive, News Site Tagged Electric vehicles, Financial Results, Production/Sales News

Indian flying taxi startup secures $14m series B

The ePlane Company is aiming for a full-scale launch by 2026. Go to Source

Published November 14, 2024
Categorized as Automotive, News Site

Huawei, Nissan collaborate for digital cockpit in vehicles

Nissan’s digital cockpit initiative is the first automotive use of Huawei’s HarmonyOS. Go to Source

Published November 14, 2024
Categorized as Automotive, News Site Tagged Nissan, Renault

OpenAI to launch autonomous tool in January

The timeline for the Operator’s wider release is not yet confirmed amid competition among tech firms. Go to Source

Published November 14, 2024
Categorized as Automotive, News Site Tagged Autonomous, Mobility

Geely eyes $95m rescue of German flying taxi firm

This potential deal would lower Volocopter’s valuation from US$1.9 billion in 2022 to about US$110 million. Go to Source

Published November 13, 2024
Categorized as Automotive, News Site Tagged Geely

Grab returns to profit in Q3, raises 2024 revenue forecast

Group-adjusted Ebitda is US$90 million for the quarter, an improvement of 224% year on year. Go to Source

Published November 12, 2024
Categorized as Automotive, News Site Tagged Financial Results

Tesla market cap tops $1t after Trump win

Investors speculate that Trump may favor Tesla due to CEO Elon Musk’s financial contributions to a pro-Trump campaign. Go to Source

Published November 11, 2024
Categorized as Automotive, News Site Tagged Electric vehicles, Tesla

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