India’s CarDekho has acquired auto marketplace Carmudi Philippines in a bid to expand its service offerings across Southeast Asia while FirstCry has marked its entry into education sector with the acquisition of Oi Playschool. CarDekho acquires Carmudi Philippines Sequoia-backed online auto classifieds portal CarDekho has acquired auto marketplace Carmudi Philippines to expand its service offerings… Continue reading India Dealbook: CarDekho buys Carmudi Philippines; FirstCry acquires Oi Playschool
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Nissan to roll out high-tech production system amid pressure to cut costs
FILE PHOTO: A Nissan logo is pictured at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su/File Photo YOKOHAMA, Japan (Reuters) – Nissan Motor Co. (7201.T) is introducing a new, higher-tech production system globally to try to boost efficiency as it looks to reverse a slide in profitability. The updated equipment and… Continue reading Nissan to roll out high-tech production system amid pressure to cut costs
Indian bike rental startup Bounce raises $150m led by B Capital, Accel
Bengaluru-based bike rental startup Bounce has raised $150 million in its Series D funding led by existing investors B Capital, a global technology fund led by Facebook co-founder Eduardo Saverin, and Accel Partners India. The latest round has spiked the company’s post-money valuation to $500 million, almost double what it attained in Series C round… Continue reading Indian bike rental startup Bounce raises $150m led by B Capital, Accel
Tesla Model Y Production May Start 6 Months Ahead Of Schedule In China
That’s what suppliers were told by the company, which rushed its order ahead of schedule. When we spoke about the Tesla Cybertruck production, we said it would happen just after the Model Y’s. In the US, it is expected to start at the end of 2020. In China, we said it would probably begin before… Continue reading Tesla Model Y Production May Start 6 Months Ahead Of Schedule In China
Tesla asks suppliers to accelerate Model Y part deliveries, report says
Elon Musk recently announced that Tesla is accelerating the timeline to bring Model Y to production in the summer of 2020, but now suppliers hint that it could happen even sooner. In March, Tesla unveiled the Model Y, an all-electric crossover based on Model 3, with up to 300 miles of range. The automaker said… Continue reading Tesla asks suppliers to accelerate Model Y part deliveries, report says
Panasonic denies plan to partner with Tesla on Gigafactory 3 battery production
Tesla is making deals with several battery manufacturers in China for Gigafactory 3 in Shanghai, but the company is expected to eventually make its own batteries. Now Panasonic, Tesla’s partner for Gigafactory 1, denies any plan to partner with Tesla on Gigafactory 3 battery production. As of now, Panasonic is the only approved battery cell… Continue reading Panasonic denies plan to partner with Tesla on Gigafactory 3 battery production
ZF sets up third R&D centre in China
ZF Friedrichshafen AG is setting up a third Chinese research and development centre in Guangzhou, southern China. Representatives of ZF and the local authorities have signed an agreement and ZF plans to invest approximately 90 million euros (Rs 710 crore) in the new development centre. The move is in line with ZF’s strategy to localise… Continue reading ZF sets up third R&D centre in China
Elon Musk says there are 250,000 pre-orders for Tesla’s Cybertruck
Tesla CEO Elon Musk has said there have been 250,000 pre-orders for Tesla’s futuristic Cybertruck pickup truck in an ultra-brief tweet on Monday. Early on Monday morning, Musk tweeted the word “250k”, implying the new pre-oreder figure. Tesla is currently taking pre-orders for the Cybertruck for $100 each. The vehicle is set to begin production… Continue reading Elon Musk says there are 250,000 pre-orders for Tesla’s Cybertruck
DHL’s StreetScooter Work L Pilot Comes To U.S. In Spring 2020
It might start small, but there is potential for hundreds and thousands of StreetScooter Work L According to the latest reports, Deutsche Post DHL will launch an electric vehicle pilot project in the U.S. next Spring, starting in two urban locations – one on each coast. The plan is to introduce StreetScooter (DHL subsidiary) Work L model,… Continue reading DHL’s StreetScooter Work L Pilot Comes To U.S. In Spring 2020
Tata Motors rolls out production-ready Altroz
Guenter Butschek, CEO and MD, Tata Motors, at the rollout of the first Altroz from the Pune plant, ahead of the launch in January 2020. It is the first product to be launched on the ALFA platform. Tata Motors is gearing up to open 2020 with a bang. The carmaker is currently building up hype… Continue reading Tata Motors rolls out production-ready Altroz