DUBAI (Reuters) – China’s Neolix has signed a preliminary agreement with Middle East e-commerce company noon to trial autonomous vehicles in Saudi Arabia and the United Arab Emirates. Neolix will build driverless vehicles customized to the region’s weather conditions, where temperatures can soar above 50 degrees Celsius in the summer, noon said in a statement… Continue reading China’s Neolix to trial autonomous vehicles in Saudi, UAE
Tag: Didi
Didi, Hellobike refill war chest as competition in mobility sector heats up
Chinese ride-hailing giant Didi Chuxing is reportedly raising $2 billion from investors while bike-sharing firm Hellobike secured $400 million in an Ant Financial-led funding round as part of efforts to beef up their war chest as competition in the sector escalates. According to a report by The Wall Street Journal, Beijing-based Didi plans to sell… Continue reading Didi, Hellobike refill war chest as competition in mobility sector heats up
China’s Didi plans to relaunch Hitch service with new safety features
FILE PHOTO: A man is seen in front of a Didi sign before a promotional event of its Hitch service for the Spring festival travel rush, in Beijing, China January 24, 2018. REUTERS/Stringer/File Photo BEIJING/SHANGHAI (Reuters) – Chinese ride-hailing giant Didi Chuxing said on Thursday it was proposing to relaunch its Hitch carpooling service with… Continue reading China’s Didi plans to relaunch Hitch service with new safety features
Didi Chuxing Welcomes Competitors to its Ride-Hailing Platform
Photo via Pixabay. Didi Chuxing has announced that it will allow three major Chinese car manufacturers on to its platform. Soon passengers will be able to order services provided by Guangzhou Automobile Group (GAC), First Automobile Works Group (FAW), and Dongfeng Motor (DFM) on Didi’s app. Quartz reported that this announcement comes amidst rising competition… Continue reading Didi Chuxing Welcomes Competitors to its Ride-Hailing Platform
Geely’s Ridehailing Arm to Offer Carsharing in China
Photo via Public Domain Pictures. Zhejiang Geely Holding Group Co. announced that it plans to expand its car sharing service in September. In a report by Automotive News China, Geely’s subsidiary, CaoCao Chuxing, a Chinese-based vehicle sharing company, released plans to recruit owners of Geely-brand cars to begin providing carsharing services. The service will provide… Continue reading Geely’s Ridehailing Arm to Offer Carsharing in China
Yandex-Uber JV MLU acquires regional rival Vezet for shares and $71.5M in cash
On-demand transportation giant Uber made its name in part by aggressively entering new markets on a path of organic growth, but in recent times, it has shown itself more amenable to the concept of expansion through acquisition. Today, MLU, Uber’s ride-sharing and food delivery JV with Yandex (by way of Yandex.taxi) covering cities in Russia… Continue reading Yandex-Uber JV MLU acquires regional rival Vezet for shares and $71.5M in cash
China’s Didi Chuxing to open its app to third-party ride-hailing firms
China’s biggest ride-hailing company Didi Chuxing will allow users of its smartphone app to access services provided by apps of three domestic auto firms and others, in a push to generate more orders. Didi said in a statement on Monday it has opened its ride-hailing platform to third parties including those of FAW Group, Dongfeng Motor and Guangzhou… Continue reading China’s Didi Chuxing to open its app to third-party ride-hailing firms
Hellobike, survivor of China’s bike-sharing craze, goes electric
Just two years ago, investors were heavily pouring money into China’s dockless bike-sharing startups. Now that boom has busted with derelict bikes littering the streets of cities. Meanwhile, a new race has started for two-wheelers with motors — and one of the main players is a survivor from the bike-sharing craze. Blessed with fundings from… Continue reading Hellobike, survivor of China’s bike-sharing craze, goes electric
Bosch extends the service life of electric-vehicle batteries
Stuttgart, Germany – Stress makes cells age faster. Something that geneticists have long since demonstrated for the human body is also true for electric-vehicle battery cells. The older the batteries get, the lower their performance and capacity, and the shorter the range of the vehicle. To help batteries last longer, Bosch is developing new cloud… Continue reading Bosch extends the service life of electric-vehicle batteries
Uber CTO says competing with Didi is ‘very healthy’ despite their complicated relationship
Competing with a company that counts you as an investor is hardly conventional — some might call it strange — but for Uber it’s a situation that is not only normal but essential. That’s according to the ride-hailing giant’s CTO, Thuan Pham, who talked about the complicated rivalry Uber has with China’s Didi Chuxing, which… Continue reading Uber CTO says competing with Didi is ‘very healthy’ despite their complicated relationship