Mobike is in the process of acquiring a smaller peer, Xiamen city-based UniBike, for an undisclosed amount of money; the first merger deal in China’s red-hot bike sharing industry, according to local media reports citing insiders. In response to China Money Network’s inquiry, Mobike representative Chen Qian said the information is not accurate, but refused… Continue reading Chinese Bike Sharing Firm Mobike Rumored To Acquire Smaller Peer UniBike
Category: News Type
PSA boss Tavarez expects to hit the black by 2020
It starts troubled time for Opel. CEO Karl-Thomas Neumann is on the go, and the future head boss Carlos Tavares calls a clear deadline for the jump into the profit zone. Opel plant in Kaiserslautern Monday, 12.06.2017 11:25 clock The car manufacturer Opel must after a Acquisition by the French PSA Group quickly head for… Continue reading PSA boss Tavarez expects to hit the black by 2020
Enabling Automated Driving Teach-In
View this Presentation (PDF)
Fiat Chrysler participates in Alliance for robot cars
Wednesday, 08/16/2017 13:26 clock Fiat Chrysler wants to work with you in the future BMW and the US chip specialist Intel Assistance Systems for self-driving cars develop. The Italian-American concern with brands such as Fiat, Chrysler, Jeep and Alfa Romeo joins for it as the first automaker of the alliance founded last year, as the… Continue reading Fiat Chrysler participates in Alliance for
robot cars
Volkswagen To Invest $12B To Launch 40 EV Models In China By 2025
Automotive manufacturer Volkswagen AG has said it will invest over US$12 billion by 2020 with its Chinese partners to launch as many as 40 new electric and hybrid vehicle models in China by 2025. The first of the new models could enter the Chinese market as early as next year, Jochem Heizmann, the head of… Continue reading Volkswagen To Invest $12B To Launch 40 EV Models In China By 2025
China’s Baidu Rumored To Lead $140M Round In Electric Vehicle Start-up WM Motor
Chinese Internet company Baidu Inc. is reportedly leading a new funding round of roughly RMB1 billion (US$140 million) in WM Motor, an electric vehicle start-up founded by Freeman Shen, the former chairman of Volvo Car Group China. Tencent Holdings Ltd., which also backs WM Motor’s rival NIO, is reportedly aiming to co-lead the round, according… Continue reading China’s Baidu Rumored To Lead $140M Round In Electric Vehicle Start-up WM Motor
China’s Tencent Reported To Lead $1B Round In Chinese EV Firm NIO
Chinese Internet giant Tencent Holdings Ltd. has led a new funding round worth over US$1 billion in NIO, a Shanghai-based electric vehicle company founded by a top Chinese automobile executive. A number of investors including U.K.-based Baillie Gifford, American Lone Pine Capital, China’s CITIC Capital and China Asset Management Ltd. also participated in the round,… Continue reading China’s Tencent Reported To Lead $1B Round In Chinese EV Firm NIO
Ford, Zotye Automobile To Establish China Electric Vehicle Joint Venture
Ford Motor Co has signed a memorandum of understanding with China’s Anhui Zotye Automobile Co., Ltd. to jointly manufacturing all-electric vehicles in China. Under the agreement, a 50-50 joint venture will develop, produce, market and service a new line of all-electric passenger vehicles. The vehicles will be marketed under an indigenous brand name owned by… Continue reading Ford, Zotye Automobile To Establish China Electric Vehicle Joint Venture
BAIC’s Electric Vehicle Unit Raises $1.6B In Series B Round
Chinese car maker Beijing Automotive Group’s (BAIC Group) electric vehicle business unit, BAIC BJEV, has raised a RMB11.1 billion (US$1.6 billion) series B round from 14 investors, including state-owned enterprises China Cinda Asset Management Co., Ltd. and Zhongji Investment, a firm co-founded by the Hebei provincial government. The round values BJEV at RMB28 billion (US$4.2… Continue reading BAIC’s Electric Vehicle Unit Raises $1.6B In Series B Round
Chinese Provinces Race For Lead In Electric Vehicle Innovation
Provinces across China are vying to attract electric vehicle companies and projects, positioning themselves to benefit most as China aspires to become a world leader in electric vehicle innovation. The latest region to score big is the Guian New Area, a 1,795 square kilometer economic zone located near Guiyang city in sleepy Guizhou province. China’s… Continue reading Chinese Provinces Race For Lead In Electric Vehicle Innovation