Tag: Didi

Beijing’s self-driving vehicle test mileage tops 3m km

A passenger gets ready to board an Apollo Go Robotaxi, operated by Baidu, in Beijing. [Photo/Xinhua] BEIJING – The safety test mileage of Beijing’s self-driving vehicles has exceeded 3 million km to date, equivalent to going about 75 times around the equator. Currently, the city has 226 routes for testing self-driving vehicles, totaling approximately 752.4… Continue reading Beijing’s self-driving vehicle test mileage tops 3m km

Worldwide Online Taxi Services Industry to 2030 – Major Players Include Lyft, Didi Chuxing and GrabTaxi Holdings Among Others

DUBLIN, May 27, 2021 /PRNewswire/ — The “Online Taxi Services Global Market Report 2021: COVID-19 Growth and Change to 2030” report has been added to ResearchAndMarkets.com’s offering. This report provides strategists, marketers and senior management with the critical information they need to assess the global online taxi services market. This report focuses on the online… Continue reading Worldwide Online Taxi Services Industry to 2030 – Major Players Include Lyft, Didi Chuxing and GrabTaxi Holdings Among Others

World NM: Didi Partners With GAC Aion to Build Smart Electric Cars001233

Chinese ride-hailing giant Didi Chuxing is making another push into the white-hot electric-car making business through a tie-up with Guangzhou Automobile Group’s electric vehicle unit GAC Aion. In November, Didi and BYD launched the D1 as the world’s first fully electric vehicle designed for ride-hailing produced at volume. A lengthy list of Chinese technology heavyweights… Continue reading World NM: Didi Partners With GAC Aion to Build Smart Electric Cars001233

Toyota fined by China’s regulator for violating anti-monopoly laws

BEIJING (Kyodo) — China’s market regulator on Friday fined Toyota Motor, Japan’s largest automaker, 500,000 yuan ($77,313) for violating anti-monopoly laws. Toyota failed to report to the authorities in advance when in 2019, it set up a joint venture with Didi Chuxing, a major Chinese ride-hailing service, the regulator said. The latest move came as Chinese… Continue reading Toyota fined by China’s regulator for violating anti-monopoly laws

Lyft joins Uber in ditching plans to make its own self-driving car, selling its autonomous vehicle unit to Toyota for $550 million

Toyota is buying Lyft’s self-driving technology unit for $550 million, the companies said Monday. Lyft joins Uber in ditching plans to make its own self-driving vehicle. The self-driving unit, Level 5, will become a part of Toyota’s new Woven Planet division. See more stories on Insider’s business page. Toyota Motor Corp will acquire Lyft Inc’s self-driving… Continue reading Lyft joins Uber in ditching plans to make its own self-driving car, selling its autonomous vehicle unit to Toyota for $550 million

Uber is sitting on $18 billion in global investments, with a stake in Grab’s record SPAC deal worth more than $5 billion alone (UBER)

Singapore’s ride-hailing firm Grab announced plans Tuesday to go public at a $40 billion valuation. Uber is one company poised to win big, with an investment that will be worth more than $5 billion. This is the latest pivot Uber has made in recent years as it’s pared back cash-burning endeavors. See more stories on… Continue reading Uber is sitting on $18 billion in global investments, with a stake in Grab’s record SPAC deal worth more than $5 billion alone (UBER)

Volvo Cars, Zoox, SAIC and More Join Growing Range of Autonomous Vehicle Makers Using New NVIDIA DRIVE Solutions

SANTA CLARA, Calif., April 12, 2021 (GLOBE NEWSWIRE) — GTC — Volvo, Zoox and SAIC are among the growing ranks of leading transportation companies using the newest NVIDIA DRIVE™ solutions to power their next-generation AI-based autonomous vehicles, NVIDIA announced today. NVIDIA’s design-win pipeline for NVIDIA DRIVE now totals more than $8 billion over the next six… Continue reading Volvo Cars, Zoox, SAIC and More Join Growing Range of Autonomous Vehicle Makers Using New NVIDIA DRIVE Solutions

China Tech Digest: Didi Chuxing Seeking Financing For Its Self-Driving Business; Cainiao Partners With Hong Kong Air Cargo Carrier

Didi Chuxing is seeking financing for its self-driving unit, which is valued at approximately US$6 billion Didi Chuxing is raising new funds for its self-driving unit. According to insider, Didi’s self-driving project raises up to $US500 million, while the company’s valuation is about US$6 billion. The new funds raised will help Didi accelerate the mass… Continue reading China Tech Digest: Didi Chuxing Seeking Financing For Its Self-Driving Business; Cainiao Partners With Hong Kong Air Cargo Carrier