Category: Automotive

FAW-Volkswagen opens new proving ground in Northeast China

Sino-German joint venture FAW-Volkswagen has put its new proving ground into use in the north of Changchun, capital of Northeast China’s Jilin province.With an investment of more than 1.7 billion yuan ($240.6 million), the first-stage project of the proving ground covers 6 square kilometers.The proving ground has five functional areas for durability, airbag effectiveness, highspeed loop, dynamic and performance testing.

MG Motor India teams up with Cognizant for connected car experience

CHENNAI: IT major Cognizant said on Tuesday that it has designed and implemented a digital solution to help automotive player MG Motor deliver a seamless experience to customers of the Hector SUV — the group’s ‘connected internet car.’Cognizant’s customer experience and enterprise management solution is part of MG Motor’s integrated marketing and engagement program across… Continue reading MG Motor India teams up with Cognizant for connected car experience

India Digest: CPPIB gets nod for Delhivery stake; GoMechanic in talks for funding

Canada Pension Plan Investment Board (CPPIB) has secured Competition Commission of India’s (CCI) approval to acquire Delhivery stake, while GoMechanic is in talks with Fosun International and Chiratae Ventures for funding. CPPIB gets CCI’s nod to buy Delhivery stake Canada Pension Plan Investment Board (CPPIB) has secured Competition Commission of India’s (CCI) approval to acquire… Continue reading India Digest: CPPIB gets nod for Delhivery stake; GoMechanic in talks for funding

Geely Automobile Holdings Announced lnterim Results for the First Half of 2019

Geely Automobile Holdings Limited (Group) report half-year revenue of RMB 47.56 billion and profit of RMB 4.01 billion. Average selling price increase with higher ratio of high-end models sold Future focus on high-quality development, enhancing core technological capabilities, and accelerating brand building. Retail market share up from 6.3% to 6.5%. Exports surged 334% to 38,619… Continue reading Geely Automobile Holdings Announced lnterim Results for the First Half of 2019

Uber-rival Bolt enters European food delivery business

TALLINN (Reuters) – Estonia’s Bolt, a popular ride-sharing service in Eastern Europe and Africa, on Wednesday launched food delivery service in its home town of Tallinn, the nation’s capital, and said it plans to roll out Bolt Food this year in South Africa, Latvia and Lithuania as well. FILE PHOTO: A Bolt (formerly known as… Continue reading Uber-rival Bolt enters European food delivery business

Industrial Internet Consortium approves Testbed of Negotiation Automation Platform for coordinating interests among AI systems- Promoting implementation through expansion of participants –

2019-08-21 Tokyo, August 21, 2019 – NEC Corporation (NEC; TSE: 6701), Fraunhofer IOSB, Kabuku Inc., the Korea Electronics Technology Institute (KETI) , Oki Electric Industry Co., Ltd., and Toyota Tsusho Corporation announced today the approval by the Industrial Internet Consortium® (IIC™,*1) of a Negotiation Automation Platform Testbed in cooperation with Japan’s National Institute of Advanced… Continue reading Industrial Internet Consortium approves Testbed of Negotiation Automation Platform for coordinating interests among AI systems- Promoting implementation through expansion of participants –

Hyosung Expects to Upgrade National Competitive Edge in Carbon Fiber Industry through Its Carbon Fiber

Carbon fiber is seen as a ‘dream material’ that can change the paradigm of various industries as it can replace steel due to its characteristics of being light but strong at the same time. It is one of few materials that South Korean companies are highly dependent on Japanese companies. Hyosung became the first South… Continue reading Hyosung Expects to Upgrade National Competitive Edge in Carbon Fiber Industry through Its Carbon Fiber