NEW YORK, Sept. 14, 2023 /PRNewswire/ — The ride hailing services market is expected to grow by USD 58.23 billion from 2022 to 2027. However, the growth momentum of the market will progress at a CAGR of 12.86% during the forecast period. The market is segmented by Application (Car sharing and E-hailing), mode of booking (online and offline), and… Continue reading Ride Hailing Services Market to grow by USD 58.23 billion from 2022 to 2027 | Rising use of online ride-hailing services to drive the growth – Technavio
Tag: Didi
Chinese car maintenance service startup Tuhu to raise $150m in Hong Kong IPOTuhu is backed by Tencent, Carlyle Group and Sequoia China.
Chinese car maintenance service startup Tuhu Car will start bookbuilding on Thursday for a Hong Kong initial public offering that could raise up to $150 million, two sources with direct knowledge of the matter said. The deal size is to be between $100 million and $150 million, the sources said, ahead of a final decision… Continue reading Chinese car maintenance service startup Tuhu to raise $150m in Hong Kong IPOTuhu is backed by Tencent, Carlyle Group and Sequoia China.
In 50 Words: Didi reduces Q2 losses 95% to $36.4m, aims for international expansion
Even with sluggish economic growth, its China business saw an increase in demand due to domestic travel. Go to Source
Li Auto reports record deliveries for August; Chinese EV brands on track to hit third-quarter guidance
Pictured here is a Nio pop-up store in Shanghai, China, on Aug. 4, 2023. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese electric car companies Nio, Xpeng and Li Auto delivered enough vehicles in August to keep pace with their third quarter guidance. That’s according to announcements from the three companies, which are all… Continue reading Li Auto reports record deliveries for August; Chinese EV brands on track to hit third-quarter guidance
EV Roundup: RIVN’s New R1T’s Range Reveal, FSR Expansion Plans & More
China-based electric vehicle (EV) makers NIO Inc. NIO, XPeng XPEV and Li Auto LI released their delivery numbers for August 2023. While China’s economy is showing signs of weakness, the August delivery numbers for all three automakers marked a remarkable year-over-year surge. Fisker Inc. FSR made a splash with a number of updates. The company… Continue reading EV Roundup: RIVN’s New R1T’s Range Reveal, FSR Expansion Plans & More
Matrix Partners China closes year’s largest China-focused fund at $1.6b
Venture capital firm Matrix Partners China has closed its new fund at $1.6 billion in what was the largest China-focused venture fund raised this year, data from research firm Preqin showed. Matrix Partners China VII, the new fund focusing on information technology industries, was closed on July 31, the data showed. The venture firm has not announced in… Continue reading Matrix Partners China closes year’s largest China-focused fund at $1.6b
The Acceleration Of The EV Revolution Comes With Business Expansion
Although Tesla Inc (NASDAQ: TSLA) helped create the EV industry, both in the U.S. and China, it is now facing intense competition on both fronts. Fighting for market share, Tesla started a price war at the beginning of the year. Although price wars tend to eliminate weaker players from the race, Tesla rivals responded on… Continue reading The Acceleration Of The EV Revolution Comes With Business Expansion
The Acceleration Of The EV Revolution Comes With Business Expansion
Although Tesla Inc (NASDAQ: TSLA) helped create the EV industry, both in the U.S. and China, it is now facing intense competition on both fronts. Fighting for market share, Tesla started a price war at the beginning of the year. Although price wars tend to eliminate weaker players from the race, Tesla rivals responded on… Continue reading The Acceleration Of The EV Revolution Comes With Business Expansion
Quhuo Reported the Unaudited Financial Results for the First Half of 2023 with Promising Results in the Second Growth Engine
Net loss and adjusted net loss decreased by 78.6% and 87.0% year-over-year respectively. Quhuo International has signed service contracts for 1,720 units of vehicles under its vehicle export solutions, of which 200 units have been shipped. BEIJING, Aug. 31, 2023 /PRNewswire/ — Quhuo Limited (NASDAQ: QH) (“Quhuo” or the “Company”), a leading gig economy platform… Continue reading Quhuo Reported the Unaudited Financial Results for the First Half of 2023 with Promising Results in the Second Growth Engine
BYD Powers Through China’s Auto Price War to Post Soaring Profit
(Bloomberg) — China’s top-selling auto brand withstood the price war raging in the country this year, with BYD Co. posting second-quarter profit that surged 145% and sending its shares climbing. Most Read from Bloomberg Net income more than doubled to 6.8 billion yuan ($930 million) after the company sold a record number of plug-in hybrid… Continue reading BYD Powers Through China’s Auto Price War to Post Soaring Profit