LeEco has repaid part of this debt after selling shares in its smartphone affiliate Coolpad Group SHANGHAI: LeEco has repaid HK$807 million ($103.20 million) of a debt owed to China Merchants Bank and will seek to negotiate with the creditor to secure the release of some of its frozen assets, the wife of the embattled… Continue reading LeEco repays part of China Merchant Bank debt
Category: News Type
Ford offers its first diesel for the F-150
Show Thumbnails Show CaptionsLast SlideNext Slide Ford Motor Co. will begin this year selling a diesel F-150 for the first time ever, the company announced Jan. 8, 2018.(Photo: Ford Motor Company) Ford Motor Co. will offer a diesel F-150 for the first time ever this spring. The automaker announced the option for a new 3.0-liter… Continue reading Ford offers its first diesel for the F-150
Volkswagen and NVIDIA to Infuse AI into Future Vehicle Lineup
CES—Volkswagen and NVIDIA today shared their vision for how AI and deep learning will shape the development of a new generation of intelligent Volkswagen vehicles using the NVIDIA DRIVE™ IX platform to create new cockpit experiences and improve safety. At the kickoff of CES 2018, Volkswagen CEO Herbert Diess and NVIDIA founder and CEO Jensen… Continue reading Volkswagen and NVIDIA to Infuse AI into Future Vehicle Lineup
Uber Selects NVIDIA Technology to Power Its Self-Driving Fleets
CES — NVIDIA and Uber today announced that the ridesharing company has selected NVIDIA technology for the AI computing system in its fleet of self-driving vehicles. Speaking at the opening press conference of CES 2018, NVIDIA founder and CEO Jensen Huang said that the collaboration utilizes NVIDIA technology for Uber Advanced Technologies Group’s fleets of self-driving… Continue reading Uber Selects NVIDIA Technology to Power Its Self-Driving Fleets
NVIDIA and Aurora Collaborate to Build Next-Generation Autonomous Vehicle Compute Platform
CES — NVIDIA and Aurora today announced that they are working together to create a new Level 4 and Level 5 self-driving hardware platform that will use the NVIDIA DRIVE Xavier™ processor. At the opening press conference of CES 2018, NVIDIA founder and CEO Jensen Huang disclosed that NVIDIA’s automotive team is working with Aurora to bring… Continue reading NVIDIA and Aurora Collaborate to Build Next-Generation Autonomous Vehicle Compute Platform
Chinese start-up Byton unveils full electric Concept SUV
Chinese electric car start-up Byton, run by ex-BMW I boss Carsten Breitfeld, has unveiled a concept version of its first model, an SUV with support for level four autonomous driving, at the Consumer Electronics Show in Las Vegas. The Byton Concept is a premium full-electric SUV that the first describes as being “almost production ready.” The firm… Continue reading Chinese start-up Byton unveils full electric Concept SUV
China’s FAW Car buys 10 percent stake in Mobike’s new car-sharing unit
BEIJING (Reuters) – FAW Car Co Ltd (000800.SZ) said on Sunday it was taking a 10 percent stake in Chinese bicycle-sharing startup Mobike’s new car-sharing unit Mobike Chuxing Technology Co. Mobike Chuxing was set up in December with registered capital of 20 million yuan ($3 million). With the strategic investment, FAW will provide electric cars… Continue reading China’s FAW Car buys 10 percent stake in Mobike’s new car-sharing unit
Mahindra’s Auto Sector Sells 39,200 vehicles during December 2017, registers a growth of 8%
Mahindra’s Auto Sector Sells 39,200 vehicles during December 2017, registers a growth of 8% MHCV segment grows by 151% at 1,193 vehicles during December 2017 Mumbai, January 1, 2018: Mahindra & Mahindra Ltd. (M&M Ltd.) today announced its auto sales performance for December 2017 which stood at 39,200 vehicles, compared to 36,464 vehicles during December… Continue reading Mahindra’s Auto Sector Sells 39,200 vehicles during December 2017, registers a growth of 8%
SsangYong Motor Global Sales Record 143,685 vehicles in 2017
SsangYong Motor Global Sales Record 143,685 vehicles in 2017 Company sells 143,685 vehicles globally in 2017, down 7.8percent over 2016 Its domestic sales set a record high in 14 years since 2003, maintaining sales growth for 8 consecutive years G4 Rexton and Tivoli brand secure No.1 spot in large SUV and compact SUV market respectively… Continue reading SsangYong Motor Global Sales Record 143,685 vehicles in 2017
News Release – Magna Collaborates with New Chinese Automaker NIO on Vehicle Launch
• Magna is uniquely qualified to support startups under China’s environmental plan• Supplying ES8 with aluminum body, chassis and the gearboxes for the electric drive system • Combines expertise in powertrains, body and structure, and lightweight materials Click here for the PDF version of the release. SHANGHAI, China, December 18, 2017 — As China’s environmental plan… Continue reading News Release – Magna Collaborates with New Chinese Automaker NIO on Vehicle Launch