Jun 4, 2019 1 min read Chinese Bike-Sharing Rental Rates Go Up Since April, Hellobike Increases to RMB 4 Per Hour, Double that Weeks Ago -PingWest What happened: Following in the footsteps of Mobike and Bluegogo, Ant Financial-owned Hellobike recently doubled the rates for bike rentals in Beijing from RMB 2 to RMB 4 an… Continue reading Briefing: Ant Financial’s Hellobike follows Mobike, Bluegogo in doubling Beijing rate
Category: Automotive
Volvo Cars reports 12.4 per cent sales growth in May
Volvo Cars posted strong sales in May, with volumes up 12.4 per cent compared with the same period last year. The company sold 60,196 cars during the month, as China, Europe and the US all reported a growth in sales compared with the same period last year. The double digit volume growth… Continue reading Volvo Cars reports 12.4 per cent sales growth in May
VW initiates IPO of truck subsidiary Traton
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Now hopes are on Traton
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Investigators raided the Porsche CEO’s office
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TomTom Collaborates on Innovative Road Safety Initiative
AMSTERDAM–(BUSINESS WIRE)–Location technology specialist, TomTom (TOM2), today announced that it is collaborating with the EU Data Task Force (DTF) on a proof of concept to improve road safety by sharing vehicle and infrastructure data between countries and manufacturers. Using the latest technologies, vehicles can detect and warn occupants about dangerous road conditions — for example, when roads… Continue reading TomTom Collaborates on Innovative Road Safety Initiative
Carmakers wrestle with diesel’s decline
Five years ago, Toyota took an unusual decision — not to fit its newly developed C-HR model with a diesel engine. At the time, diesel-fuelled cars accounted for half of all new vehicles sold across Europe and a higher percentage in the sport utility vehicle market. Half a decade later, that move looks prescient. Diesel… Continue reading Carmakers wrestle with diesel’s decline
Anand Group sets up new JV, merges two Joyson Safety Systems JVs
Anand Group sets up new JV, merges two Joyson Safety Systems JVs
Potsdam-based supply chain visibility platform Synfioo raises €2.5 million
Potsdam-based startup Synfioo is tackling the difficulties of non-transparent supply chains, by displaying real-time information for rail, air, and road transport to all companies involved on its cloud-based platform. The platform includes an algorithm that calculates possible sources of disruption on the transport route from large amounts of data, and alerts all parties involved at an early stage if necessary.
The startup is expanding its platform for monitoring intermodal supply chains with a new investment of €2.5 million. The funding comes from previous investors BFB Brandenburg Kapital and HPI Seed Fund, as well as business angels, btov’s Industrial Tech Fund and Senovo.
“Both the previous and the new investors are expressing their confidence in us in this way. This proves that we are on the right track. With the additional funds, we will now continue to build our brand. Our team will also be expanded to better support our customers,” said Marian Pufahl, CEO of Synfioo.
Synfioo..
Sophisticated and sporty: Kia introduces the Seltos
Kia Motors announced that ‘Seltos’ will be the name of its new global compact SUV. Due to be launched in the summer, the Kia Seltos will bring sophistication and assertiveness to the compact SUV segment. The name of the Kia Seltos is inspired by Greek mythology and the legend of ‘Celtos’, the son of Hercules.… Continue reading Sophisticated and sporty: Kia introduces the Seltos