Category: Automotive

Uber Eats and Nuro are making autonomous food deliveries in Texas and California

More Uber Eats customers would be getting their orders from vehicles with no delivery personnel in sight. That’s because Uber has signed a 10-year partnership with Nuro to use its autonomous, electric vehicles to deliver food orders in the US. They’ll start in Houston, Texas and Mountain View, California this fall before eventually expanding their… Continue reading Uber Eats and Nuro are making autonomous food deliveries in Texas and California

China Digest: NIO Capital backs ClearMotion; chip packaging startup iSabers raises $29mThe Series A++ round marked the fourth investment in iSabers wi…

NIO Capital has led an investment of $39 million in US software-defined chassis company ClearMotion. Separately, iSabers Materials, a Chinese startup offering advanced packaging solutions to the semiconductor industry, has closed almost 200 million yuan ($28.8 million). NIO Capital leads $39m deal in Boston-based ClearMotion NIO Capital, a mobility-focused investment arm of Chinese electric vehicle… Continue reading China Digest: NIO Capital backs ClearMotion; chip packaging startup iSabers raises $29mThe Series A++ round marked the fourth investment in iSabers wi…

GIC, ESR launch third Australian logistics fund with $408m commitment

Singapore’s sovereign wealth fund GIC and Warburg Pincus-backed ESR have set up the third core-plus fund for Australian logistics properties, Australia Logistics Partnership III (EALP III), with a committed equity of A$600 million ($408 million), according to a release on Friday.   GIC and ESR’s third vehicle is already conducting due diligence on a number of… Continue reading GIC, ESR launch third Australian logistics fund with $408m commitment

EY’s Greater China member firms won’t take part in global break-up

Member firms of Ernst & Young (EY) in the Greater China region will not participate in a global plan by the professional services firm to split its audit and consulting units into two companies, EY Greater China said on Friday. EY, headquartered in London and one of the Big Four accounting firms, said on Thursday it was planning to spin off its auditing business from consulting units… Continue reading EY’s Greater China member firms won’t take part in global break-up

CATL and BMW Group reach framework agreement on cylindrical battery supply

NINGDE, China, Sept. 9, 2022 /PRNewswire/ — CATL and BMW Group announced today a multi-year agreement on the supply of cylindrical battery cells to power the German carmaker’s new series of electric models of its NEUE KLASSE starting from 2025. According to the agreement, CATL will deliver to BMW Group the new cylindrical battery cells,… Continue reading CATL and BMW Group reach framework agreement on cylindrical battery supply

German Handelsblatt: IPO: Porsche shares for small investors: What private investors should consider005159

Presentation of the Porsche Taycan at the LA Auto Show in Los Angeles 2019 The market is preparing for new shares: The sports car manufacturer Porsche announced its IPO late Monday evening. The shares of Porsche AG are also to be offered to small investors as part of a public offering in Germany and five… Continue reading German Handelsblatt: IPO: Porsche shares for small investors: What private investors should consider005159

@VW Group: DESIGNED TO DRIVE: LA VOITURE NOIRE AMONG BUGATTI LEGENDS AT SOC CROATIA005711

At the very heart of Bugatti lies a desire to create the best driving machines on the planet. Timelessly beautiful, ultimately luxurious and incomparably fast, but always designed to be used and enjoyed. At the Supercar Owners Circle event in Croatia, from 2-5 September, customers drove more than 1,000km in examples of every Bugatti hyper… Continue reading @VW Group: DESIGNED TO DRIVE: LA VOITURE NOIRE AMONG BUGATTI LEGENDS AT SOC CROATIA005711

Tata Motors to expand EV portfolio, Tiago to go electric

On World EV Day, Tata Motors has announced expansion of its passenger vehicle portfolio. The company, which already has the Nexon EV and Tigor EV driving its electric mobility in the PV market, now plans to roll out the electric version of the Tiago hatchback.  The Tiago EV will, most likely, be India’s most affordable… Continue reading Tata Motors to expand EV portfolio, Tiago to go electric

Celebrating India’s EV journey

Today is World EV Day. The day is observed every year with special awareness campaigns being organised globally to educate people about the benefits of electric vehicles. While China is the world’s largest EV market, India is the second largest and most promising. Driven by incentives by the Centre and the states, the adoption of… Continue reading Celebrating India’s EV journey