Category: Automotive

Tencent, Changan Automobile Launch Connected Vehicle Platform Joint Venture

Chinese Internet giant Tencent Holdings Ltd. has set up a joint venture with Chinese automobile manufacturer Changan Automobile Co., Ltd. to co-develop autonomous driving technologies and connected vehicle platforms. It marks Tencent’s latest move in the automotive sector to rival Alibaba and Baidu. Last November, Tencent partnered with five automakers including Changan, GAC Group, Geely, BYD… Continue reading Tencent, Changan Automobile Launch Connected Vehicle Platform Joint Venture

Hellobike Raises $700M Round From Ant Financial And Fosun

Chinese bike sharing firm Hellobike has raised a new financing round of US$700 million from existing investors including Ant Financial and Fosun Group, as well as seven new investors, according to Chinese local media.Hellobike, Ant Financial and Fosun did not immediately respond to China Money Network’s emails seeking for comments. The deal further complicates the… Continue reading Hellobike Raises $700M Round From Ant Financial And Fosun

Jaguar Land Rover cuts 1000 contract jobs due to diesel sales slump

Jaguar Land Rover (JLR) will not renew the contracts of around 1000 agency workers at its Solihull plant due to industry challenges caused by falling diesel car sales. The company said in a statement that “continuing headwinds” have forced it to make “adjustments to production schedules and the number of agency staff”. It continued: “We are, however,… Continue reading Jaguar Land Rover cuts 1000 contract jobs due to diesel sales slump

China Issues National Autonomous Vehicle Rules In Bid To Catch US

China has released its first national guidelines on road tests for autonomous vehicles, a key step in a wider effort to promote development of the technology. The U.S., which is currently well ahead of China in terms of AV testing, currently depends on regulations at the state level. Until today, only Chinese cities such as… Continue reading China Issues National Autonomous Vehicle Rules In Bid To Catch US

Uber eyes transit beyond ride-hailing

BI Intelligence This story was delivered to BI Intelligence Transportation and Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. Uber will update its mobile application to give users access to modes of transportation outside its core ride-hailing business, including bike-sharing, car-sharing vehicles, and public… Continue reading Uber eyes transit beyond ride-hailing

Alabama A&M University and Toyota Collaborate on Mobility Initiative

Huntsville, Ala., April 13, 2018—Alabama A&M University (AAMU) and Toyota Motor North America today announced a collaboration to launch a student-led mobility initiative.  The aim of the program, which begins the fall semester of 2018, will bring the local community together with students to find better ways to connect people to things like education and jobs,… Continue reading Alabama A&M University and Toyota Collaborate on Mobility Initiative

UPDATE 1-Musk says Tesla will be profitable in Q3, Q4

(Reuters) – Tesla Inc (TSLA.O) will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker up to 3 percent higher. FILE PHOTO: A Tesla dealership is seen in West… Continue reading UPDATE 1-Musk says Tesla will be profitable in Q3, Q4

Tesla to be profitable in third-quarter, fourth-quarter: Musk tweets

(Reuters) – Silicon valley billionaire Elon Musk said on Friday his Tesla Inc (TSLA.O) company will not need to raise any money this year because the electric car maker will have positive cash flow and be profitable in the third and fourth quarter. FILE PHOTO: A Tesla dealership is seen in West Drayton, just outside… Continue reading Tesla to be profitable in third-quarter, fourth-quarter: Musk tweets