President and Vice Chairman of XPeng Motors Brian Gu joins Yahoo Finance Live to discuss the car manufacturer’s innovations in EV development and autonomous driving software in the Chinese market, managing sales prices, and its production outlook. Video Transcript [MUSIC PLAYING] BRIAN SOZZI: We’re watching shares of Chinese EV company, Xpeng, as it gears up… Continue reading XPeng president details electric vehicle innovation, autonomous driving, and the EV market in China
Tag: Didi
Uber plans to sell its stake in Didi
Uber CEO Dara Khosrowshahi also shared his sentiment on the Chinese market, saying that it has a “difficult environment with very little transparency.” Go to Source
Uber looking to sell Didi, other non-strategic stakes -CEO says
Dec 14 (Reuters) – The CEO of Uber Technologies Inc (UBER.N) on Tuesday said the company was looking sell stakes in what it considers non-strategic investments in other companies, including its shares in Chinese ride hailing company Didi Global (DIDI.N). Speaking at a virtual fireside chat with a UBS analyst, Chief Executive Dara Khosrowshahi said… Continue reading Uber looking to sell Didi, other non-strategic stakes -CEO says
Chinese supermarket chain T11 bags $100m in Alibaba-led Series B round …
Beijing-based T11 Food Market, a retail supermarket brand with a focus on fresh food and groceries, has completed a Series B round raising $100 million. The e-commerce conglomerate Alibaba led the new round, which also saw participation from private equity fund Redview Capital and existing investor MSA Capital — a $1.7 billion fund that has… Continue reading Chinese supermarket chain T11 bags $100m in Alibaba-led Series B round …
The Station: Didi delists, a plea for the Chips Act and crypto for in-car purchases
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Welp,… Continue reading The Station: Didi delists, a plea for the Chips Act and crypto for in-car purchases
China’s Biggest Carmaker Eyes $157 Million for Mobility Division
(Bloomberg) — SAIC Motor Corp. is planning a fresh round of fundraising for its mobility service platform Xiangdao Chuxing, according to people familiar with the matter, as it seeks to stay competitive amid shifts in the automotive industry. Most Read from Bloomberg China’s biggest carmaker, which counts Volkswagen AG and General Motors Co. as partners,… Continue reading China’s Biggest Carmaker Eyes $157 Million for Mobility Division
China tells Didi to craft US delisting plan: sources
This comes months after the ride-hailing firm raised US$4.4 billion in its New York Stock Exchange debut. Go to Source
Chinese regulators want Didi to delist from US on data security fears: report
Chinese regulators have asked top executives of ride hailing giant Didi Global Inc to devise a plan to delist from US bourses on data security fears, Bloomberg News reported. China’s tech watchdog wants the management to take the company off the New York Stock Exchange on concerns about leakage of sensitive data, the report said, citing people… Continue reading Chinese regulators want Didi to delist from US on data security fears: report
Voyager Global Mobility Acquires Fast Track Mobility
Both VGM and Fast Track provide vehicles to Uber and Lyft drivers. Voyager Global Mobility announced its acquisition of Fast Track Mobility on Nov. 8, increasing the company’s for-hire-vehicle operational footprint in New York City. The transaction was arranged by EA Markets with preferred equity from Prudential Private Capital, the private capital arm of PGIM Inc.,… Continue reading Voyager Global Mobility Acquires Fast Track Mobility
Technology · November 4, 2021 · 11:02 PM UTCUber makes first operating profit as driver shortage easesUber Technologies Inc on Thursday reported its f…
A screen displays the company logo of Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid Nov 4 (Reuters) – Uber Technologies Inc (UBER.N) on Thursday reported its first profitable quarter on an adjusted basis since it launched more… Continue reading Technology · November 4, 2021 · 11:02 PM UTCUber makes first operating profit as driver shortage easesUber Technologies Inc on Thursday reported its f…