Tencent Holdings Ltd. and Baidu Inc. have led a US$600 million funding round in Shanghai-based electric car maker NIO, formerly known as NextEV, according to Chinese media reports citing insiders. IDG Capital, American investment firm TPG, Hillhouse Capital, Lenovo Group Ltd., Singapore-based GIC Private Ltd., and a number of investors also participated in the round,… Continue reading Tencent, Baidu Lead $600M Round In Chinese Electric Vehicle Maker NIO
Tag: Autonomous
China’s Geely To Acquire US Flying Car Company Terrafugia
Chinese automotive manufacturer Zhejiang Geely Holding Group, the parent company of Volvo Cars, has agreed to acquire the operations and assets of Terrafugia Inc., a U.S.-based firm developing flying cars. No financial details were disclosed in an announcement released by Terrafugia yesterday. The company said the deal has received approval from all relevant regulators including… Continue reading China’s Geely To Acquire US Flying Car Company Terrafugia
Baidu Rumored To Make $100M Investment In Chinese EV Start-Up NextEV
Chinese Internet firm Baidu Inc. is rumored to plan to invest US$100 million in NextEV, a Chinese smart electric vehicle start-up backed by top global investors including Singapore’s Temasek Holdings, private equity giant TPG and Sequoia Capital. Baidu is to participate in NextEV’s series C financing round, according to Chinese media reports citing insiders. Some… Continue reading Baidu Rumored To Make $100M Investment In Chinese EV Start-Up NextEV
Five Chinese Electric Vehicle Start-Ups That Could Rival Tesla
Across China’s 9.6 million square kilometers of land, there was never a shortage of ambition. So too with the electric vehicle revolution. Despite being a late comer to the EV craze, the country’s start-ups are not shy about aiming high. At least half-a-dozen Chinese EV start-ups – not including traditional car makers going green –… Continue reading Five Chinese Electric Vehicle Start-Ups That Could Rival Tesla
Faraday Future Scraps $1 Billion Vegas Factory, Downshifts To California Cow Town
Faraday Future, the U.S.-based electric car startup founded by embattled Chinese entrepreneur Jia Yueting, today announced they have signed a lease for a future manufacturing facility for their high-performance electric, autonomous vehicle, named the FF91. But the new facility is not outside glitzy Las Vegas, as originally planned, but in Hanford, California, a hard-scrabble agricultural… Continue reading Faraday Future Scraps $1 Billion Vegas Factory, Downshifts To California Cow Town
“The situation is dramatic”
The PSA Group gives the new subsidiary Opel three years, then the Rüsselsheim must write black numbers. For the workforce this means: It will shrink – even without dismissals. PSA boss Carlos Tavares Opel boss Michael Lohscheller Thursday, 09.11.2017 19:38 clock Little time? At the end of the text there is a summary. The tension… Continue reading “The situation is dramatic”
TriLumina Closes Additional Round of Funding
May 17, 2017 May 17, 2017 – Albuquerque, NM TriLumina Corp., the leading provider of solid-state automotive LiDAR illumination for ADAS and autonomous driving, today announced that it has closed and additional $9 million equity and debt financing. Proceeds will be used to accelerate the development of its cost-effective, compact LiDAR illumination modules to enable… Continue reading TriLumina Closes Additional Round of Funding
Panasonic Set for Take off at MWC
Panasonic will introduce its connected airport concept at Mobile World Congress in Barcelona, showcasing a suite of intelligent technology solutions for the first time in Europe. Barcelona, Spain – The 120m2 booth features technology for retail, car rental, communications, security, logistics and ground handling and brings together the automotive, business technology, industrial and eco solutions… Continue reading Panasonic Set for Take off at MWC
Watch How Panasonic Is Transforming the Driving Experience at #CES2017
From cars that talk to each other to fully autonomous vehicles, watch Dom Esposito and Panasonic Automotive President Tom Gebhardt discuss how innovative technologies will change the future of driving live at CES 2017.Visit http://bit.ly/2hWWHtD for more from the show floor!Press kit: http://news.panasonic.com/global/presskits/ces2017/ Go to Source
Go Driverless with Panasonic’s Future Car 2025 at #CES2017
Go inside the Autonomous Cabin Concept at CES 2017! Watch as Dom Esposito and Roberto Vecciu of Panasonic Automotive Europe at CES 2017 explain how Panasonic’s expertise in both automotive infotainment and consumer electronics helps engineer the future of the driverless travel experience.Visit http://bit.ly/2jkenBw for more from the show floor!Press kit: http://news.panasonic.com/global/presskits/ces2017/ Go to Source