Didi Global Inc shares slumped as much as 25% in U.S. pre-market trade on Tuesday, ahead of its first session since Chinese regulators ordered the company’s app be taken down days after its $4.4 billion listing on the New York Stock Exchange. The ride-hailing giant’s app was ordered to be removed from mobile app stores in China on Sunday by… Continue reading China tech crackdown wipes out billions from Didi, other US-listed cos
Tag: Mobility
Senmiao Technology Announces Approximately 2.1 Million Completed Rides on its Ride-Hailing Platform in June 2021
CHENGDU, China, July 6, 2021 /PRNewswire/ — Senmiao Technology Limited (“Senmiao”) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced operating metrics for its proprietary online ride-hailing platform for the month of June 2021. From May… Continue reading Senmiao Technology Announces Approximately 2.1 Million Completed Rides on its Ride-Hailing Platform in June 2021
Developing safe self-driving car a ‘hard problem’, admits Musk
New Delhi: Tesla CEO Elon Musk has finally admitted that developing a safe and reliable self-driving car is indeed a difficult task. In an earnings call in January, Musk had told investors that he was “highly confident the car will be able to drive itself with reliability in excess of human this year”. In a… Continue reading Developing safe self-driving car a ‘hard problem’, admits Musk
Audi Selects Mobileum for Connected Car Testing and Monitoring
CUPERTINO, Calif., July 6, 2021 /PRNewswire/ — Mobileum Inc. (“Mobileum”), a leading global provider of analytics-based roaming and network services, risk management, and testing and monitoring solutions, is pleased to announce that Audi (AUDVF) is deploying Mobileum’s Connected Car Testing solution to test and monitor the end-to-end quality of service (QoS) of their connected cars and to… Continue reading Audi Selects Mobileum for Connected Car Testing and Monitoring
Carsome invests in Indonesian car auction firm PT Universal Collection
Southeast Asian used car trading platform Carsome announced that it has acquired a stake in PT Universal Collection, a Jakarta-based offline car and motorcycle auction service company. Financial details of the acquisition were not disclosed. The deal marks Carsome’s first investment in Southeast Asia this year and allows the integrated car e-commerce platform to double… Continue reading Carsome invests in Indonesian car auction firm PT Universal Collection
@VW Group: New functions and greater comfort: Volkswagen launches Over-the-Air Updates for the ID. family003388
Volkswagen is taking the next big step towards becoming a software-oriented mobility provider: from this summer, the brand will regularly send software updates “Over-the-Air” to models in its ID. family. This makes Volkswagen the first and only high-volume manufacturer to make this innovative technology available to its customers on a broad basis. The first model… Continue reading @VW Group: New functions and greater comfort: Volkswagen launches Over-the-Air Updates for the ID. family003388
Audi Sphere trio previews autonomous SUV, coupé and saloon
Audi has teased three new concept cars that bosses claim showcase its vision of future autonomous-capable vehicles. The three concepts, named the Sky Sphere, Grand Sphere and Urban Sphere, are due to be shown in the course of the next year. They were detailed in a video posted to Linkedin by Audi sales boss Henrik… Continue reading Audi Sphere trio previews autonomous SUV, coupé and saloon
Ghost raises $100M Series D for autonomous driving and crash prevention tech
Autonomous driving system developer Ghost Locomotion has raised a $100 million Series D funding round, led by Sutter Hill Ventures. Returning investor Founders Fund also participated in the round, along with Coatue. The money will be used toward R&D as the company continues to develop its highway self-driving and crash prevention technology. Ghost has been… Continue reading Ghost raises $100M Series D for autonomous driving and crash prevention tech
Pittsburgh’s Locomation puts a convoy twist on autonomous trucking
The Pittsburgh Strip District, once home to Industrial Age giants Alcoa, Heinz, U.S. Steel and Westinghouse, has evolved over the past decade into a technology and robotics hub, and notably, a testbed of autonomous vehicles. That activity has more recently spilled out beyond Smallman Street, so-called Robotics Row, past the confines of the Strip District… Continue reading Pittsburgh’s Locomation puts a convoy twist on autonomous trucking
Uber, Tesla, and Rivian are locked in a war for talent. Here’s how much they pay their employees.
Insider has analyzed salary data from some of the top transportation-tech companies. The list includes Tesla, Uber, Rivian, and Amazon-owned Zoox. The data comes from filings shared with the US government. See more stories on Insider’s business page. The war for talent between transportation technology companies is heating up, as the incumbents and upstarts poach… Continue reading Uber, Tesla, and Rivian are locked in a war for talent. Here’s how much they pay their employees.