Category: Automotive

Oct 02, 2017: StreetScooter shifts into high gear

With Deutsche Post DHL Group and a number of third-party customers looking to cost-effectively increase range for use in other applications, the company is now producing the currently available model also with boosted performance: Joining the current vehicle that features a range of 80 kilometers and a top speed of approximately 85 km/h will be… Continue reading Oct 02, 2017: StreetScooter shifts into high gear

Panasonic to Increase Automotive Lithium-ion Battery Production in Japan

Osaka, Japan – Panasonic Corporation today announced that it has decided to start production of automotive lithium-ion batteries at a factory in Himeji, Hyogo Prefecture, expanding domestic production amid increasing demand for such batteries. The global market for eco-conscious vehicles has been growing in response to stricter worldwide environmental regulations on automobiles as well as… Continue reading Panasonic to Increase Automotive Lithium-ion Battery Production in Japan

China’s Used Car Deals Speed Up As Didi Chuxing Invests $200M In Renrenche.com

Didi Chuxing has bought US$200 million worth of shares in Beijing-based second-hand car marketplace Renrenche.com in a strategic investment, marking the latest investment deal in China’s fast moving online used-car market, according to Didi’s announcement. The funding is a boost for Renrenche, as its three top competitors have each raised money recently. Uxin Group, Guazi.com… Continue reading China’s Used Car Deals Speed Up As Didi Chuxing Invests $200M In Renrenche.com

Panasonic to Start Mass Production of Electronic Rear-view Mirrors, the First Product Jointly Developed with Ficosa

Osaka, Japan – Panasonic Corporation announced today that it will start mass-production of electronic rear-view mirrors in September 2017, the first product jointly developed with Ficosa International S.A., a tier-one supplier of automotive parts and systems in Spain. In June 2015, Panasonic invested in the Barcelona-based company, which supplies automotive mirrors to a wide variety… Continue reading Panasonic to Start Mass Production of Electronic Rear-view Mirrors, the First Product Jointly Developed with Ficosa

Chinese Bike Rental Firm Youon’s Subsidiary Raises $123M From Ant Financial And Others

Chinese bike rental company Youon Bike said one of its subsidiaries has agreed to raise RMB810 million (US$123 million) from eight investors including a unit of Ant Financial. The proceeds will be used to finance its wholly-owned subsidiary Jiangsu Yonganxing Low Carbon Technology Co. to further expand in the GPS-powered station-less bike sharing operations, according… Continue reading Chinese Bike Rental Firm Youon’s Subsidiary Raises $123M From Ant Financial And Others