Category: Automotive

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

Chinese Bike Sharing Firm Ofo Partners With SoftBank C&S To Expand Into Japan

Chinese bike sharing company ofo and Japan’s SoftBank Commerce & Services Corp. have reached a basic agreement to collaborate on the deployment of ofo’s global bike sharing business in Japan. It is unclear if SoftBank Commerce & Services Corp., a unit owned by Brightstar, which is part of a family of companies within Softbank Group,… Continue reading Chinese Bike Sharing Firm Ofo Partners With SoftBank C&S To Expand Into Japan

Chinese Bike Sharing Firms Lose Revenue Stream As Beijing Bans Advertisements

In a blow to China’s cash-burning bike sharing companies, the city of Beijing has banned commercial advertisement on bicycles deployed in the city, according to regulatory guidance released last week. The move is a setback for China’s numerous bike sharing start-ups, including market leaders Mobike and ofo, as the companies and their investors had looked… Continue reading Chinese Bike Sharing Firms Lose Revenue Stream As Beijing Bans Advertisements