Category: Automotive

@Nio: NIO Inc. to Report First Quarter 2022 Financial Results on Thursday, June 9, 2022000401

May 22, 2022 NIO Inc. to Report First Quarter 2022 Financial Results on Thursday, June 9, 2022 SHANGHAI, China, May 22, 2022 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it will… Continue reading @Nio: NIO Inc. to Report First Quarter 2022 Financial Results on Thursday, June 9, 2022000401

@Nio: NIO to be Added to The Hang Seng TECH Index as a Constituent Stock000400

May 22, 2022 NIO to be Added to The Hang Seng TECH Index as a Constituent Stock SHANGHAI, China, May 22, 2022 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it will… Continue reading @Nio: NIO to be Added to The Hang Seng TECH Index as a Constituent Stock000400

Indonesian tech giant GoTo plans to raise fresh capital through private placement …

Tech giant GoTo, which raised $1.1 billion through an IPO on the Indonesia Stock Exchange (IDX) in April, is planning to raise fresh capital from a new investor through a private placement of shares. In a filing to the IDX on Friday, GoTo said it plans to issue 118.43 billion shares, representing a roughly 10%… Continue reading Indonesian tech giant GoTo plans to raise fresh capital through private placement …

General Atlantic plans to invest over $2b in India, SE Asia over next two years …

Global private equity firm General Atlantic plans to plough $2 billion into India and Southeast Asia over the next two years after falling valuations made the region’s startups more attractive, a senior executive told Reuters. General Atlantic is in early-stage investment talks with about 15 companies in sectors including technology, financial services, retail and consumer,… Continue reading General Atlantic plans to invest over $2b in India, SE Asia over next two years …

India must establish crypto rules for regulatory ‘peace, certainty’, says CoinSwitch CEO

India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors and boost its crypto sector, CoinSwitch CEO Ashish Singhal said on Sunday. Although India’s central bank has backed a ban on cryptocurrencies over risks to financial stability, a federal government move to tax income from them has been interpreted by the industry as a sign… Continue reading India must establish crypto rules for regulatory ‘peace, certainty’, says CoinSwitch CEO

India: Paytm payments bank says central bank may lift curbs in 3-5 months

India’s Paytm Payments Bank, which facilitates transactions on mobile commerce platform Paytm, expects the central bank to allow it to resume taking on new customers in the next few months, a top executive told Reuters. In March, the Reserve Bank of India ordered a comprehensive audit of the company’s IT systems, citing “material” supervisory concerns, without elaborating further,… Continue reading India: Paytm payments bank says central bank may lift curbs in 3-5 months

Vietnam sacks head of the country’s main stock exchange over “wrongdoing”

Vietnam has fired general director of its main Ho Chi Minh Stock Exchange (HoSE), the government said on Saturday, as the country intensifies a long-running crackdown on officials it accuses of graft. Le Hai Tra, 47, was dismissed for “having committed serious violations and wrongdoings”, the government said in a statement, without elaborating. He was also… Continue reading Vietnam sacks head of the country’s main stock exchange over “wrongdoing”

Waymo is expanding its driverless program in Phoenix

Waymo is pulling the human safety driver out of its recently expanded robotaxi operations in downtown Phoenix, Dmitri Dolgov, co-CEO of Waymo, announced on the TechCrunch Sessions: Mobility stage on Wednesday.  “We will be starting fully autonomous, rider-only operations in the downtown Phoenix area that will…be on the fifth generation of our system on the… Continue reading Waymo is expanding its driverless program in Phoenix

Elon Musk says Tesla will have self-driving cars without need for human driver this time next year

Elon Musk told reporters in Brazil that Tesla will have self-driving cars without the need for human drivers behind the wheel for supervision or at all really around this time next year. It’s Musk’s latest timeline on Tesla’s full self-driving effort, but he has been wrong about those in the past. The Tesla CEO was… Continue reading Elon Musk says Tesla will have self-driving cars without need for human driver this time next year