Xpeng Motors showcased the P7, its first four-door coupe model with Level 3-ready autonomous driving capabilities at Alibaba Cloud’s APSARA Computing Conference in Hangzhou in September 2019. (Image credit: Xpeng Motors) This article by Chris Udemans originally appeared on TechNode, the leading English authority on technology in China. Xpeng Motors has brought onboard smartphone maker… Continue reading Xpeng Brings In Xiaomi As Strategic Investor In $400M Series C Round
Tag: Strategy
Chinese Electric Vehicle Start-Up Eyes To Net $600M Fresh Funds Amid Subsidy Cuts
Xpeng Motors, a Chinese electric vehicle (EV) start-up backed by Alibaba Group, is seeking to complete a new funding round at a “comparable amount” to the previous round that was about US$600 million, the company’s president Brain Gu Hongdi told American business news media CNBC. “Last year, we raised in a B plus round, raised… Continue reading Chinese Electric Vehicle Start-Up Eyes To Net $600M Fresh Funds Amid Subsidy Cuts
Fiat Chrysler racketeering suit a ‘distraction’ from PSA, UAW talks
General Motors Co.’s racketeering lawsuit against Fiat Chrysler Automobiles NV is a distraction for the Italian-American automaker in the middle of negotiations for a labor contract with the United Auto Workers union and for a merger with French automaker Groupe PSA, experts say. GM alleges Fiat Chrysler’s late-CEO Sergio Marchionne orchestrated a multimillion-dollar conspiracy, including bribes, that corrupted three… Continue reading Fiat Chrysler racketeering suit a ‘distraction’ from PSA, UAW talks
Volkswagen To Focus Motorsport Strategy On Electric: Gives Up On Gas
VW ID.R electric cars “will play a pioneering role beyond 2019” and MEB-based racing cars are coming. Volkswagen announced a bold move of focusing its motorsport strategy on e-mobility and saying farewell to factory-backed commitments using internal combustion engines. The promotion of all-electric cars sounds like a reasonable strategy to us, as first EVs are… Continue reading Volkswagen To Focus Motorsport Strategy On Electric: Gives Up On Gas
@Ford: Beyond the Robo Taxi: Great Customer Experiences Will Define Self-Driving
Beyond the Robo-Taxi: Great Customer Experiences Will Define Self-Driving By Jim Farley, President, New Business, Technology and Strategy, Ford Motor Company When most people talk about why autonomous vehicles will be successful, they tend to focus on the self-driving software alone. Don’t get me wrong, the self-driving system is incredibly important to develop, but it’s just… Continue reading @Ford: Beyond the Robo Taxi: Great Customer Experiences Will Define Self-Driving
@Ford: Ford Announces New Executive Leaders For Sustainability/Safety, AV, Strategy, and Ford Credit
Kim Pittel, Jim Holland retiring after 30-plus years each with Ford John Lawler, David McClelland take on new senior-level roles Bob Holycross, Marion Harris and Chuck Gray appointed corporate officers DEARBORN, Mich., Nov. 7, 2019 – Ford Motor Company today announced the retirement of two longtime executives, new assignments for two corporate officers, and promotions… Continue reading @Ford: Ford Announces New Executive Leaders For Sustainability/Safety, AV, Strategy, and Ford Credit
Press: ZF To Establish China Industrial Park in Jiaxing
Jiaxing, China. On November 22nd, 2019, ZF (China) Investment Co., Ltd. and Jiaxing Economic & Technological Development Zone (JXEDZ) signed an agreement for the establishment of Industrial Park in China. Guests including Mr. Chen Lizhong, Member of the Standing Committee of CPC Jiaxing Municipal Committee, the Secretary of Park Work Committee of JXEDZ, Mr. Wilhelm… Continue reading Press: ZF To Establish China Industrial Park in Jiaxing
Chinese electric car maker WM Motor targets $1 billion funding round – CNBC
Chinese electric carmaker WM Motor is seeking up to $1 billion in funding within the next six months as it targets one new model a year. The aspiring Tesla rival completed its series-C funding round in the first quarter of 2019, and is now looking to secure its series-D financing “hopefully in the next six… Continue reading Chinese electric car maker WM Motor targets $1 billion funding round – CNBC
Daily Crunch: Tesla unveils its futuristic Cybertruck
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Behold, the Tesla Cybertruck is here Elon Musk has unveiled a vehicle that looks like it was ripped straight out of… Continue reading Daily Crunch: Tesla unveils its futuristic Cybertruck
VW remains at Hamburg’s side
The manufacturer Volkswagen extends its partnership with Hamburg in terms of mobility. The strategic partnership of Hamburg with the manufacturer Volkswagen was also for the ITS World Congress 2021 been closed. This partnership led to a test field for autonomous driving in Hamburg, at which Volkswagen automated its eGolfs has tested. Volkswagen and Hamburg extend… Continue reading VW remains at Hamburg’s side