* GCL building 2 GW of new solar panel manufacturing capacity * Firm in talks with new energy vehicle makers * Aims to create new industry model for electric cars By David Stanway JURONG, China, Aug 16 (Reuters) – China’s leading solar equipment manufacturer GCL is planning a move into the electric vehicle sector, aiming… Continue reading China’s solar giant GCL to make electric car move in new ‘eco-town’
Tag: Strategy
Exclusive: In Chinese port city, Japan’s Toyota lays foundation to ramp up sales
BEIJING (Reuters) – Toyota Motor Corp is likely to make 120,000 more cars a year in the Chinese port city of Tianjin as part of a medium-term strategy that’s gathering pace as China-Japan ties improve, said four company insiders with knowledge of the matter. FILE PHOTO: An employee walks past as he checks on newly-produced… Continue reading Exclusive: In Chinese port city, Japan’s Toyota lays foundation to ramp up sales
Uber losses widen as it pours cash into new ventures
Uber’s losses widened in its second quarter as it poured cash into new services, such as food delivery and autonomous car technology, and aggressively expanded its core ride-hailing services overseas. The San Francisco-based company reported adjusted losses before interest, tax, depreciation and amortisation of $404m (£318m) for the three months to the end of June, compared to $304m… Continue reading Uber losses widen as it pours cash into new ventures
Uber is on a hiring spree in Singapore despite ‘exiting’ Southeast Asia
Uber agreed to sell its Southeast Asia business in March, but it isn’t leaving the region. In fact, the U.S. firm is doubling down with plans to more than double its staff in Singapore. That’s right. Uber is currently in the midst of a major recruitment drive that will see Singapore, the first city it… Continue reading Uber is on a hiring spree in Singapore despite ‘exiting’ Southeast Asia
NAVYA AND KEOLIS LAUNCH THE FIRST AUTONOMOUS SHUTTLE PILOT PROJECT ON PUBLIC ROADS IN CANADA
14 August 2018 NAVYA AND KEOLIS LAUNCH THE FIRST AUTONOMOUS SHUTTLE PILOT PROJECT ON PUBLIC ROADS IN CANADA NAVYA and Keolis Canada announced on August 10 the launch of an 12-month autonomous shuttle pilot project that will begin in late August in Candiac, Quebec. The AUTONOM SHUTTLE will operate on public roads in mixed traffic… Continue reading NAVYA AND KEOLIS LAUNCH THE FIRST AUTONOMOUS SHUTTLE PILOT PROJECT ON PUBLIC ROADS IN CANADA
China’s Didi beefs up its newly-independent car services business with an acquisition
A week after spinning out its driver services business and giving it $1 billion in investment capital, Didi Chuxing has added to it through an acquisition. Xiaoju Automobile Solutions (XAS), which the Didi spinout is called, announced today it has bought Hiservice, a three-year-old company that provides after-service care for car owners using a digital platform.… Continue reading China’s Didi beefs up its newly-independent car services business with an acquisition
UPDATE 10-Musk says Silver Lake, Goldman advising on taking Tesla private
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk tweeted on Monday that he was working with buyout firm Silver Lake and investment bank Goldman Sachs Group Inc (GS.N) as financial advisers on his plan to take the U.S. electric car maker private. The announcement represents the latest effort by Musk to add credibility to… Continue reading UPDATE 10-Musk says Silver Lake, Goldman advising on taking Tesla private
FiveAI to start a trial of its shared autonomous car fleet in London in 2019
After raising $35 million to develop driverless car technology and a strategy to build a fleet of shared vehicles, UK startup FiveAI is announcing its first on-street trial: a service aimed at commuters in the London outer boroughs of Bromley and Croydon. Projected to begin in late 2019, it will kick off first with a… Continue reading FiveAI to start a trial of its shared autonomous car fleet in London in 2019
Scooter rental startup Vogo raises Series A funding from Ola, Hero MotoCorp
August 14, 2018 Vogo, a scooter and bike sharing start-up, has raised $6-7 million in a Series A funding round led by ANI Technologies Pvt. Ltd and Hero MotoCorp chairman Pawan Munjal, according to a person familiar with the matter. Existing investors Matrix Partners India, Stellaris Venture and angel investors also participated in the funding… Continue reading Scooter rental startup Vogo raises Series A funding from Ola, Hero MotoCorp
UPDATE 7-Musk talking to Saudi fund, others as he seeks Tesla buyout financing
(Reuters) – Elon Musk on Monday explained what he meant by tweeting “funding secured” to take Tesla Inc private: he is confident a deal can be done but has not yet finalized a plan. What exactly Musk had intended by saying “secured” has emerged as a potential legal and regulatory minefield for the Silicon Valley… Continue reading UPDATE 7-Musk talking to Saudi fund, others as he seeks Tesla buyout financing