Is the idea of battery swapping dead? “No, but it does require standardisation, so that every car has the same battery – or at least enough do. In China, battery swap works for Shanghai’s taxis – and it’s possible because the government buys a lot of the same vehicle from a car maker that it… Continue reading From the boardroom: BP’s head of future mobility on biofuels and EV adoption
Tag: Didi
China said to plan ban on US listings of tech firms with data security risks
China is framing rules to ban internet companies whose data poses potential security risks from listing outside the country, including in the United States, according to a person familiar with the matter. The ban is also expected to be imposed on companies involved in ideology issues, said the person, declining to be identified as the… Continue reading China said to plan ban on US listings of tech firms with data security risks
Former Cisco CEO says he is ‘not investing in China’
Former long-time Cisco CEO John Chambers has done business in China for decades, dealing with corporate leaders and government officials. The various dealings were always tough, acknowledges Chambers, but importantly there was a certain predictability to them and a focus on win-win outcomes. But that predictability has evaporated as the Chinese government cracks down on… Continue reading Former Cisco CEO says he is ‘not investing in China’
Xiaomi reports record 64% revenue growth, acquires Deepmotion for $77.3 million
Xiaomi reported a second-quarter net income of $1.28 billion on revenue of $13.56 billion following the Chinese technology giant’s strong surge in smartphone market share globally. During the quarter that ended in June, Xiaomi said it saw a 64% year-on-year growth in revenue, and its net income surged over 80% from the same time a… Continue reading Xiaomi reports record 64% revenue growth, acquires Deepmotion for $77.3 million
Shared Mobility Market Size to Reach USD 145460 Million by 2027 at CAGR 6.5% – Valuates Reports
BANGALORE, India, Aug. 24, 2021 /PRNewswire/ — The Shared Mobility Market is Segmented by Type (Bikesharing, Carsharing, Ridesharing, Others), by Application (Cars, Two-Wheelers, Others). The report covers global opportunity analysis and industry forecasts from 2021 to 2027. It is published in Valuates Reports under Automotive Industry Category. The global Shared Mobility market size is projected to reach USD… Continue reading Shared Mobility Market Size to Reach USD 145460 Million by 2027 at CAGR 6.5% – Valuates Reports
SEC gives Chinese companies new requirements for US IPO disclosures
The U.S. Securities and Exchange Commission (SEC) has started to issue new disclosure requirements to Chinese companies seeking to list in New York as part of a push to boost investor awareness of the risks involved, according to a document reviewed by Reuters and people familiar with the matter. Some Chinese companies have now started to… Continue reading SEC gives Chinese companies new requirements for US IPO disclosures
Buffett-backed Chinese EV Maker BYD’s IPO Plans For Chip Unit Hampered By Regulatory Probe: Report
Chinese regulatory scrutiny has come to haunt companies across sectors and the latest to suffer from the increased oversight is Warren Buffett-backed EV manufacturer BYD Company Limited (OTC: BYDDF). What Happened: China’s BYD is forced to suspend the proposed listing of its chip making arm due to a regulatory probe into the law firm advising… Continue reading Buffett-backed Chinese EV Maker BYD’s IPO Plans For Chip Unit Hampered By Regulatory Probe: Report
BYD Chip Unit IPO Stalled as China Regulator Probes Adviser
(Bloomberg) — The Shenzhen Stock Exchange said it’s suspended reviewing a share-sale application by BYD Co.’s chip unit following a regulatory probe of an adviser to the proposed initial public offering. Beijing-based Tian Yuan Law Firm is being investigated by China Securities Regulatory Commission, according to an update dated Aug. 18 on the bourse’s website.… Continue reading BYD Chip Unit IPO Stalled as China Regulator Probes Adviser
China said to be pushing US IPO-bound firms to hand over management of data
Chinese regulators are considering pressing data-rich companies to hand over management and supervision of their data to third-party firms if they want US stock listings, sources said, as part of Beijing’s unprecedented scrutiny on private sector firms. The regulators believe bringing in third-party information security firms, ideally state-backed, to manage and monitor IPO hopefuls’ data could effectively… Continue reading China said to be pushing US IPO-bound firms to hand over management of data
China mulls requiring US IPO hopefuls to hand over their data amid a crack down on overseas listings, report says
Great Hall of the People in Beijing, China. Du Yang/China News Service via Getty Images) Regulators in Beijing mull requiring companies looking to go public in the US to hand over their data, Reuters reported. The information will be monitored by third-party firms, preferably state-backed. Regulators believe this will limit the chances Chinese companies will… Continue reading China mulls requiring US IPO hopefuls to hand over their data amid a crack down on overseas listings, report says