Hong Kong-based venture capital firm Beyond Ventures on Tuesday announced that it has led a $3 million investment in Mapxus, an indoor mapping service provider. Mapxus solutions produce digital and panoramic indoor maps to facilitate a cross-platform indoor-positioning capability. The startup will invest the fresh capital in research and development (R&D), sales, marketing and operational… Continue reading Beyond Ventures leads $3m investment in HK-based indoor mapping platform Mapxus
Category: Automotive
Nidec Group acquires OMRON Automotive Electronics
OMRON Automotive Electronics has become part of the Nidec Group. Now known as Nidec Mobility, the company will work closely with Nidec’s automotive motor business unit to develop new modules and systems that combine the motors, pumps and gears of the Nidec Group with the electronic control units, and other electronic components, of Nidec Mobility.… Continue reading Nidec Group acquires OMRON Automotive Electronics
Why success in electric car making is no easy ride
AnalysisSpecial Report The FT’s motor industry correspondent Peter Campbell says many start-ups have underestimated the environment for profit making. These include China’s Nio, flirting with collapse, while Britain’s Dyson has recently abandoned its electric vehicle project November 12, 2019 Produced by Alpha Grid Go to Source
Mitsubishi reveals new Xpander Cross for ASEAN markets
Mitsubishi has taken the wraps off the Xpander Cross, which is essentially a rugged alternative to the standard Xpander MPV. The model will first go on sale in Indonesia and then will be introduced in other ASEAN markets. The Xpander Cross gets the same body panels as the Xpander MPV but with a number of… Continue reading Mitsubishi reveals new Xpander Cross for ASEAN markets
Tesla Model X was set on fire by arsonist, owner says Tesla was targeted
A Tesla Model X was set on fire in Düsseldorf earlier this week and the owner believes that the vandal was targeting his car because it is a Tesla. Dutch Tesla owner Den Dal was on a business trip in Düsseldorf, Germany and plugged his Model X in a public charging station. When he came… Continue reading Tesla Model X was set on fire by arsonist, owner says Tesla was targeted
New ŠKODA OCTAVIA world premiere in pictures
On ŠKODA Storyboard you can find the Press Kit for the new ŠKODA OCTAVIA, including texts, photographs and videos, is available for download. For another look at the 35-minute vehicle presentation broadcast, go to Twitter. A video with highlights from the world premiere is available at https://youtu.be/iT-YJYHQ0uQ. Go to Source
Mobility offering expands: large-scale rollout of Audi on demand in Germany
Whether Hamburg, Munich or Berlin, the service for flexible premium mobility Audi on demand is gaining momentum in Germany with the dealership partners and cooperation partner Sixt. Audi on demand has been available at 15 locations in German dealerships since September and is being gradually expanded. 50 selected Sixt stations, predominantly at airports and train… Continue reading Mobility offering expands: large-scale rollout of Audi on demand in Germany
Uber to invest $247m in Indian entity to fuel Eats business
American ride-hailing giant Uber Technologies Inc. is pumping in about $247 million (Rs 1,767 crore) in Uber India Systems Pvt Ltd in one of its largest infusions in the Indian unit. According to the company’s filings with the Registrar of Companies (RoC) sourced by paper.vc, the Dutch entities of Uber, Uber International Holding B.V. and… Continue reading Uber to invest $247m in Indian entity to fuel Eats business
Jaguar Land Rover parent Tata approaches BMW, Geely in search for partners
Tata Group, the owner of Jaguar Land Rover, has approached carmakers including China’s Zhejiang Geely Holding Group Co. and BMW AG as it seeks partnerships for the beleaguered British automotive business, people with knowledge of the matter said. India’s largest conglomerate has said it’s open to finding partners for JLR to save on costs and… Continue reading Jaguar Land Rover parent Tata approaches BMW, Geely in search for partners
BMW Group ushers in next Digital Key generation.
Munich. The BMW Group took a leading role in the seamless integration of smart devices and the customers’ digital ecosystem in the early stages. Providing customers with simple, connected and “keyless” access to their vehicles has been a key area of innovation. Today, it is already possible to lock and unlock the vehicle, start the… Continue reading BMW Group ushers in next Digital Key generation.