What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well… Continue reading Chinese ride-hailing group Didi to sell self-driving car unit to Xpeng
Tag: Didi
China’s Xpeng to acquire Didi’s smart EV unit in deal worth up to $744m
Chinese electric car company Xpeng said it will acquire ride-hailing giant Didi’s smart electric vehicle (EV) unit in a deal worth as much as $744 million and the two companies will form a strategic partnership. Xpeng’s shares surged around 13% in Monday trade. As part of the deal, Xpeng will launch an A-class model next… Continue reading China’s Xpeng to acquire Didi’s smart EV unit in deal worth up to $744m
China’s Xpeng to acquire Didi’s smart EV unit in deal worth up to USD 744 mln
Xpeng will launch an A-class model next year under a new brand, currently called MONA, aiming to expand in the mass-market segment with the car to be priced in the USD 20,000 price tier. Chinese electric car company Xpeng said it will acquire ride-hailing giant Didi‘s smart electric vehicle (EV) unit in a deal worth… Continue reading China’s Xpeng to acquire Didi’s smart EV unit in deal worth up to USD 744 mln
China’s Xpeng to take over Didi’s autonomus vehicle unit, eyeing 2024 launch
A screen displays trading information for ride-hailing giant Didi Global on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 3, 2021. REUTERS/Brendan McDermid/File photo Acquire Licensing Rights HONG KONG, Aug 28 (Reuters) – China’s car hailing giant Didi said it is selling its autonomous vehicle unit to electric… Continue reading China’s Xpeng to take over Didi’s autonomus vehicle unit, eyeing 2024 launch
SoftBank buys Vision Fund’s 25% stake in Arm at valuation of $64b
SoftBank Group Corp has acquired the 25% stake in Arm Ltd it does not directly own from its Vision Fund unit in a deal that values the chip designer at $64 billion, according to people familiar with the matter. Details of the transaction will be unveiled on Monday when Arm makes public the filing for… Continue reading SoftBank buys Vision Fund’s 25% stake in Arm at valuation of $64b
Evergrande’s EV unit to raise $500m from Dubai’s NWTNEvergrande NEV had reported a combined net loss of $9.8b for 2021 and 2022.
The listed electric vehicle (EV) arm of indebted property developer China Evergrande Group has entered into an agreement to raise $500 million in a strategic investment to keep its business afloat. NWTN, a Dubai-based mobility technology firm founded in 2016 by Chinese entrepreneur Alan Nan Wu, will invest $500 million in Hong Kong-listed China Evergrande… Continue reading Evergrande’s EV unit to raise $500m from Dubai’s NWTNEvergrande NEV had reported a combined net loss of $9.8b for 2021 and 2022.
SoftBank in talks to buy Vision Fund’s 25% stake in Arm: reportA deal would deliver a major windfall to investors including PIF and Mubadala.
SoftBank Group Corp is in talks to acquire the 25% stake in Arm Ltd it does not directly own from Vision Fund 1 (VF1), a $100 billion investment fund it raised in 2017, according to people familiar with the matter, potentially delivering a win for investors who have waited years for strong returns. The discussions… Continue reading SoftBank in talks to buy Vision Fund’s 25% stake in Arm: reportA deal would deliver a major windfall to investors including PIF and Mubadala.
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A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File photo NEW YORK, Aug 13 (Reuters) – SoftBank Group Corp (9984.T) is in talks to acquire the 25% stake in Arm Ltd it does not directly own from Vision Fund 1 (VF1),… Continue reading Untitled
Asia-Pacific Shared Mobility (Shared, Rental) Markets, 2023-2030: Increasing Traffic Congestion and Pollution to Support Market Growth
DUBLIN, Aug. 1, 2023 /PRNewswire/ — The “Asia-Pacific Shared Mobility Market By Service Type (Shared, Rental), By Vehicle Type (Two-Wheeler, Passenger Car, Commercial Vehicles), By Booking Type (Online, Offline), By Commute Type (Inter-City, Intra-City) By Country, Competition, Forecast & Opportunities, 2018- 2030F” report has been added to ResearchAndMarkets.com’s offering. Asia-Pacific Shared Mobility Market is anticipated to… Continue reading Asia-Pacific Shared Mobility (Shared, Rental) Markets, 2023-2030: Increasing Traffic Congestion and Pollution to Support Market Growth
Chinese VC Fresh Capital closes $140m carbon-neutral RMB fund
Shanghai-based Fresh Capital, which mainly invests in early- to mid-stage venture deals, has closed a new RMB-denominated fund at 1 billion yuan ($139.5 million) to specialise in dealmaking in the carbon-neutral field. In a Monday statement, Fresh Capital said that limited partners (LPs) of the new fund include funds-of-funds (FOFs), government guidance funds in China,… Continue reading Chinese VC Fresh Capital closes $140m carbon-neutral RMB fund