Category: Automotive

FAURECIA TAKES MAJORITY SHARE IN CHINESE INFOTAINMENT LEADER JIANGXI COAGENT ELECTRONICS

Nanterre (France), July 19, 2017Faurecia takes majority share in chinese infotainment leader jiangxi coagent ELECTRONICSNanterre, France, July 19 2017 – Faurecia, one of the world’s leading automotive suppliers, announced today that it had taken a majority share in the Chinese company Jiangxi Coagent Electronics for a total investment of 1.45 billion RMB (193 million euros).Jiangxi Coagent… Continue reading FAURECIA TAKES MAJORITY SHARE IN CHINESE INFOTAINMENT LEADER JIANGXI COAGENT ELECTRONICS

NewMargin Capital Leads Series B Round In Bike Sharing Firm Xiaoming Bike

NewMargin Capital, a venture capital firm listed on China’s New Third Board, has led a series B round worth hundreds of millions of RMB in Xiaoming Bike, a Guangzhou-based bike sharing start-up. No additional financial details were disclosed in a company announcement. Investors in China continue to back new bike sharing companies in the belief… Continue reading NewMargin Capital Leads Series B Round In Bike Sharing Firm Xiaoming Bike

Panasonic’s “Vehicular High-precision Angle Sensor” – Detects Rotation Angle of Vehicular Motors with Superior Accuracy

About the “A3MR” (A-cubed MR) The “Vehicular High-precision Angle Sensor” or the “A3MR” Panasonic unveiled in March 2017 is a sensor device that detects the rotation angle of vehicular motors with superior precision. The 3 “A”s of the “A3MR” stands for:Anisotropic (AMR – Anisotropic Magneto Resistance element)Absolute (Absolute angle measurement)Accurate (Accurate detection) “A3MR” is a… Continue reading Panasonic’s “Vehicular High-precision Angle Sensor” – Detects Rotation Angle of Vehicular Motors with Superior Accuracy

Ofo Sets New Fundraising Record After Collecting $700 Million In New Round

What do you do when your closest rival raises a record financing round? Complete a larger fundraising and set a new record, of course. That’s what Beijing-based bike sharing company ofo Inc. just did. A few weeks after competitor Mobike raised US$600 million, ofo announced today that it has raised more than US$700 million led… Continue reading Ofo Sets New Fundraising Record After Collecting $700 Million In New Round

Mobike Starts Selling Raincoats In First Attempt To Monetize Via E-Commerce

Shanghai-based bike sharing company Mobike has begin a trial to monetize its vast network of five million bikes around 100 cities globally by selling raincoats at RMB268 (US$39.5) apiece, in its first major attempt to make money outside of charging users for rides. The company, which has raised nearly US$1 billion this year at a… Continue reading Mobike Starts Selling Raincoats In First Attempt To Monetize Via E-Commerce

Panasonic Completes Acquisition of Additional Shares of Ficosa,a Global Tier 1 Automotive Parts & Systems Supplier

Osaka/Barcelona – Panasonic Corporation (Head office: Kadoma City, Osaka, President: Kazuhiro Tsuga; hereinafter, Panasonic) announced today that it has completed its previously announced acquisition of additional shares in Ficosa International, S.A. (Head office: Barcelona City, Spain, CEO: Javier Pujol; hereinafter, Ficosa), which is a global tier 1 supplier of automotive parts and systems, after the… Continue reading Panasonic Completes Acquisition of Additional Shares of Ficosa,a Global Tier 1 Automotive Parts & Systems Supplier

LeEco Founder Jia Yueting Sells Stake In US EV Firm Lucid Motors

Amidst an ongoing liquidity crisis, the founder of Chinese tech conglomerate LeEco has sold his stake in Menlo Park, California-based electric vehicle company Lucid Motors. Jia Yueting, who once dreamed of creating a Chinese tech juggernaut combining the attributes of Netflix, Apple and Tesla, revealed the news of his divestment last week during an especially… Continue reading LeEco Founder Jia Yueting Sells Stake In US EV Firm Lucid Motors

Hellobike Raises Series B+ Round From EV Start-Up WM Motor

WM Motor, an electric vehicle start-up founded by the former China head of Volvo Car Corporation, has made a strategic investment in Hellobike, a bike-sharing start-up focused on mid-size cities across China. Hellobike, which two months ago raised hundreds of millions of RMB in a series B round led Chengwei Capital, and is also backed… Continue reading Hellobike Raises Series B+ Round From EV Start-Up WM Motor