Chinese ride-hailing giant Didi Global will delist from the New York Stock Exchange, after a majority of the company’s shareholders voted in favor of the plan, putting to rest a year-long clash with Beijing over its U.S. stock market listing. In an extraordinary general meeting (EGM) held on Monday, 96.26% of shareholders who were present… Continue reading Majority shareholders vote for delisting of Chinese ride-hailer Didi from NYSE
Tag: Mobility
Didi’s delisting now done deal
Chinese ride-hailing giant Didi’s shareholders have voted to delist the company from the NYSE. The decision is a long-expected result of the company finding itself in hot water with the Chinese government after a rushed and later troubled public-market debut in the United States. Didi went public in the middle of 2021 in an offering… Continue reading Didi’s delisting now done deal
The Station: All the news out of TC Sessions: Mobility, #PoorElon and a sobering NHTSA report
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. Hi frens, welcome back to The Station, your weekly guide to everything going on in the world of transportation. First up, TechCrunch finally got back onstage and in-person… Continue reading The Station: All the news out of TC Sessions: Mobility, #PoorElon and a sobering NHTSA report
Y Combinator-backed fintech Pebble uses stablecoins to offer 5% yield on cash
As equities continue to trade down from recent peaks, investors are searching for higher returns. Some have turned to the crypto-based decentralized finance (DeFi) realm, where yields from lending and staking cryptocurrency can range from 1% to as high as 15% for riskier projects. Others are looking at high-yield savings accounts like the one from… Continue reading Y Combinator-backed fintech Pebble uses stablecoins to offer 5% yield on cash
Ex-Uber executive reveals how driver earnings were slashed in Kenya
New details have emerged showing that Uber was planning to further reduce commuter charges in Kenya, months after the 35% cut of 2016, which is the subject-matter of a civil suit filed by drivers against Uber BV and its local subsidiary. Alissa Orlando, a former Uber executive in Kenya, said that she left the ride-hailing… Continue reading Ex-Uber executive reveals how driver earnings were slashed in Kenya
Argo AI is testing fully driverless vehicles in Miami and Austin
The latest self-driving startup to allow its vehicles to roam the streets without a human minder is Argo AI, the startup backed by Ford and Volkswagen. Last week, the company announced that it is testing its fully driverless vehicles in Miami, Florida, and Austin, Texas. Argo employees will ride in the passenger seat of the… Continue reading Argo AI is testing fully driverless vehicles in Miami and Austin
Badve Group and EVR collaborate to develop RFPM electric motors
Tier-1 automotive component firm, Badve Engineering and Israeli startup EVR Motors have announced a strategic agreement for manufacturing of the latter’s proprietary Trapezoidal Stator – Radial Flux Permanent Magnet (RFPM) electric motors in India. Such motors, the company said, are half the weight and size of similar competing motors. It is also claimed to be equipped with superior… Continue reading Badve Group and EVR collaborate to develop RFPM electric motors
NIO Inc. to Report First Quarter 2022 Financial Results on Thursday, June 9, 2022
SHANGHAI, China, May 22, 2022 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it will report its first quarter 2022 unaudited financial results on Thursday, June 9, 2022, before the open of… Continue reading NIO Inc. to Report First Quarter 2022 Financial Results on Thursday, June 9, 2022
NIO to be Added to The Hang Seng TECH Index as a Constituent Stock
SHANGHAI, China, May 22, 2022 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it will be included in the Hang Seng TECH Index as a constituent stock, effective June 13, 2022, according… Continue reading NIO to be Added to The Hang Seng TECH Index as a Constituent Stock
Georgia Tech takes top honors in The EcoCAR Mobility Challenge
Ohio State University and University of Alabama teams finish second and third at series finale in Arizona PHOENIX, May 23, 2022 /PRNewswire/ — Georgia Institute of Technology has been named The EcoCAR Mobility Challenge Year Four champion, taking the lead in the premier four-year collegiate automotive engineering competition. Rounding out the top three are Ohio State… Continue reading Georgia Tech takes top honors in The EcoCAR Mobility Challenge