Tag: Didi

US proposes banning Chinese software in autonomous vehicles: Report 

The US Commerce Department is slated to put forth banning Chinese software in autonomous and connected vehicles in the next few weeks, persons in the know informed Reuters.  The Biden administration is looking at issuing a rule that would forbid Chinese software in vehicles in the United States of America, with Level 3 automation and… Continue reading US proposes banning Chinese software in autonomous vehicles: Report 

Driverless vehicles to lift battery swapping

Visitors check out NIO charging piles during an international automobile expo in Changchun, Jilin province, in July. The company aims to build 1,000 battery swapping stations in China in 2023, bringing the total number to 2,300 by this year-end. [Photo provided to China Daily] A boom in autonomous vehicles is expected to usher in fresh… Continue reading Driverless vehicles to lift battery swapping

Uber to start using BYD cars in Europe, Latin America and develop ‘autonomous-capable vehicles’

BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC BEIJING — Uber and BYD announced Wednesday that drivers on the ride-hailing platform can get pricing and financing deals for the Chinese company’s electric cars,… Continue reading Uber to start using BYD cars in Europe, Latin America and develop ‘autonomous-capable vehicles’

Self-driving tech company WeRide accelerates global expansion as transportation industry adopts AI

BEIJING, CHINA – JULY 11: People take photos of WeRide Robobus, a fully-driverless shuttle capable of SAE Level 4 autonomous driving, at Beijing High-level Autonomous Driving Demonstration Area on July 11, 2024 in Beijing, China. (Photo by Jia Tianyong/China News Service/VCG via Getty Images) China News Service | China News Service | Getty Images Self-driving… Continue reading Self-driving tech company WeRide accelerates global expansion as transportation industry adopts AI

China’s Dida sets price for Hong Kong IPO, to raise $30mAt the final price, Dida will be valued at about $770 million.

China ride-sharing app operator Dida has priced its shares at HK$6 each to raise US$30 million in its Hong Kong initial public offering, two people with direct knowledge of the matter said on Wednesday. The people spoke on condition of anonymity to discuss confidential information. The Beijing-based firm sold 39.1 million shares in the IPO,… Continue reading China’s Dida sets price for Hong Kong IPO, to raise $30mAt the final price, Dida will be valued at about $770 million.

Tesla shareholders vote to reinstate Elon Musk’s $56 billion pay package

Elon Musk at Tesla’s annual meeting in Austin, Texas on June 13, 2024 Video screenshot/Tesla Tesla shareholders on Thursday voted to ratify CEO Elon Musk’s mammoth 2018 pay plan, five months after a judge in Delaware ordered the company to rescind the package, finding it had been improperly granted by the board. At Tesla’s annual… Continue reading Tesla shareholders vote to reinstate Elon Musk’s $56 billion pay package

Watch live: Tesla annual meeting begins, shareholders vote on Musk’s $56 billion pay package

Tesla’s annual meeting, starting at 4:30 p.m. ET on Thursday, will feature a final vote on a contentious proposal asking shareholders to “ratify the 100% performance-based stock option award to Elon Musk” granted in 2018. Even if investors back the measure, the courts will have the last say. The proposal, one of a dozen for… Continue reading Watch live: Tesla annual meeting begins, shareholders vote on Musk’s $56 billion pay package

China’s Didi Global sinks into Q1 loss after two profitable quarters

China’s largest ride-hailing company Didi Global fell to a first–quarter net loss after two consecutive quarters of profit, the company said on Wednesday. Didi reported a net loss attributable to shareholders of 1.4 billion yuan ($193.13 million) for the three months to end-March, largely attributing that to a fall in investment income from its stake in Chinese electric vehicle maker Xpeng. It sold its electric car development business to Xpeng in August… Continue reading China’s Didi Global sinks into Q1 loss after two profitable quarters

OSRTC’s LAccMI project empowers over 2,000 Odisha women, fosters financial freedom

OSRTC’s LAccMI Project Empowers 2,000+ Odisha Women, Fosters Economic Independence. New Delhi: Geetanjali Jena and her family of five were struggling to meet and manage household expenses and educate the three children. She did odd jobs like tailoring and tutoring poor children but could not make both ends meet. It was then that she learnt… Continue reading OSRTC’s LAccMI project empowers over 2,000 Odisha women, fosters financial freedom