On-demand Transportation Global Market Report 2023: A $341.7 Billion Market by 2027 – Long-term Forecast to 2032 Featuring Avis Budget; BlaBlaCar; BMW; Bolt; & Cabify

DUBLIN, May 2, 2023 /PRNewswire/ — The “On-demand transportation Global Market Report 2023” report has been added to  ResearchAndMarkets.com’s offering. The global on-demand transportation market grew from $133.09 billion in 2022 to $161.79 billion in 2023 at a compound annual growth rate (CAGR) of 21.6%. The on-demand transportation market is expected to grow to $341.7… Continue reading On-demand Transportation Global Market Report 2023: A $341.7 Billion Market by 2027 – Long-term Forecast to 2032 Featuring Avis Budget; BlaBlaCar; BMW; Bolt; & Cabify

China’s Didi sees 2022 revenue hit by pandemic, net loss narrows

Chinese ride hailing giant Didi Global on Saturday reported a 19% year-on-year fall in 2022 revenue, as the country’s COVID lockdowns and a regulatory crackdown took a toll. In its first annual report since it delisted from the U.S. last year, Didi said its total revenue fell to 140.79 billion yuan ($20.37 billion) primarily “due to the effects of COVID-19 pandemic outbreaks in the second and fourth… Continue reading China’s Didi sees 2022 revenue hit by pandemic, net loss narrows

China’s Didi sees 2022 revenue hit by COVID, net loss narrows

China imposed stringent COVID restrictions across the country last year that had hammered its economy. It lifted those restrictions in December last year. Chinese ride hailing giant Didi Global on Saturday reported a 19% year-on-year fall in 2022 revenue, as the country’s COVID lockdowns and a regulatory crackdown took a toll. In its first annual… Continue reading China’s Didi sees 2022 revenue hit by COVID, net loss narrows

Arbe and Weifu Group Announce Strategic Cooperation with DiDi Global’s KargoBot, Empowering Safety for L4 Autonomous Trucks

The Three Parties Established a Cooperation Platform in China to Jointly Promote the R&D and Commercial Application of 4D Imaging Radar for Autonomous Driving TEL AVIV, Israel, April 28, 2023 /PRNewswire/ — Arbe Robotics Ltd. (NASDAQ: ARBE) (“Arbe”), a global leader in perception radar solutions, today announced that Arbe and Weifu High-Technology Group signed a strategic… Continue reading Arbe and Weifu Group Announce Strategic Cooperation with DiDi Global’s KargoBot, Empowering Safety for L4 Autonomous Trucks

Hesai Reaches Strategic Cooperation with KargoBot, Empowering the Mass Production of Autonomous Trucks

PALO ALTO, Calif., April 20, 2023 /PRNewswire/ — Today, Hesai Technology reached strategic cooperation with autonomous truck company, KargoBot. They will jointly promote the application of automotive-grade, hybrid solid-state lidar AT128 for L4 autonomous trucks, working together to implement safer, more intelligent commercial logistics applications. Continue Reading Hesai reached strategic cooperation with autonomous truck company… Continue reading Hesai Reaches Strategic Cooperation with KargoBot, Empowering the Mass Production of Autonomous Trucks

Robo Taxis Global Market Report 2023: Market to Grow at a Staggering CAGR of 58.6% to Reach $17.84 Billion by 2027

DUBLIN, April 18, 2023 /PRNewswire/ — The “Robo Taxis Global Market Report 2023” report has been added to  ResearchAndMarkets.com’s offering. The global robo taxis market grew from $1.73 billion in 2022 to $2.82 billion in 2023 at a compound annual growth rate (CAGR) of 63.2%. The robo taxis market is expected to grow to $17.84 billion… Continue reading Robo Taxis Global Market Report 2023: Market to Grow at a Staggering CAGR of 58.6% to Reach $17.84 Billion by 2027

China retains position as world’s second largest unicorn hub: Hurun

China held its position as the world’s second-largest base for unicorns, or private firms valued at above $1 billion, trailing the US, according to the latest report published on Tuesday by Chinese wealth research firm Hurun.  Per the Global Unicorn Index 2023, China accounted for a total of 316 unicorns, or 23% of the 1,361… Continue reading China retains position as world’s second largest unicorn hub: Hurun

China’s Didi to dispatch robotaxis 24/7 in 2025, announces trucking service

China’s ride hailing giant Didi is back in public view after two years of staying low amid a regulatory crackdown. The SoftBank-backed company announced Friday at a company open day a series of product ambitions, including working with Chinese carmakers to deploy self-developed robotaxis to the public on a 24/7 basis by 2025, which will… Continue reading China’s Didi to dispatch robotaxis 24/7 in 2025, announces trucking service

Chinese ride-hailing giant DiDi developing own driverless taxis, plans to roll them out in 2025

Chinese ride-hailing giant DiDi debuted the DiDi Neuron, a concept robotaxi. It has an arm in the back to pick up luggage or wake up sleeping passengers. DiDi is working with Chinese carmakers to develop its own autonomous taxis which it is aiming to put into service in 2025. DiDi Global DiDi Global on Thursday… Continue reading Chinese ride-hailing giant DiDi developing own driverless taxis, plans to roll them out in 2025