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
Tag: Mobility
@Daimler: BMW Group and Daimler Mobility join forces with bp as a partner for Digital Charging
Daimler Mobility AG and BMW Group significantly strengthen the customer offering of Digital Charging Solutions GmbH (DCS) by adding bp as the third shareholder with a stake of 33.3%. DCS is a leading developer of digital charging software for automotive manufacturers and vehicle fleet operators. Its in-car software integration provides EV drivers with seamless access… Continue reading @Daimler: BMW Group and Daimler Mobility join forces with bp as a partner for Digital Charging
Volvo partners with Aurora to accelerate the deployment of autonomous transport solutions
GÖTEBORG, Sweden, March 30, 2021 /PRNewswire/ — Volvo Autonomous Solutions has entered a strategic partnership with US-based self-driving company Aurora to jointly develop on-highway autonomous trucks. The agreement signed between Volvo Autonomous Solutions and Aurora is a long-term partnership spanning over several years. The initial focus is on hub-to-hub applications for customers in North America. Automation is… Continue reading Volvo partners with Aurora to accelerate the deployment of autonomous transport solutions
@BMW: BMW Group and Daimler Mobility join forces with bp as a partner for Digital Charging Solutions GmbH, to further accelerate the growth of electrification001020
Daimler Mobility AG and BMW Group significantly strengthen the customer offering of Digital Charging Solutions GmbH (DCS) by adding bp as the third shareholder with a stake of 33.3%. DCS is a leading developer of digital charging software for automotive manufacturers and vehicle fleet operators. Its in-car software integration provides EV drivers with seamless access… Continue reading @BMW: BMW Group and Daimler Mobility join forces with bp as a partner for Digital Charging Solutions GmbH, to further accelerate the growth of electrification001020
Aviation startup Lilium to float in US via $3.3 billion SPAC deal
By Douglas Busvine 4 Min Read BERLIN (Reuters) -German air shuttle startup Lilium said on Tuesday it would float on the U.S. stock market via a reverse merger with Qell Acquisition Corp, a blank-cheque acquisition company, in a deal valuing the combined business at $3.3 billion. An undated handout picture from Munich flying taxi startup… Continue reading Aviation startup Lilium to float in US via $3.3 billion SPAC deal
Polaris and Optimus Ride are co-developing ‘fully autonomous’ low-speed shuttles
Autonomous shuttle startup Optimus Ride and power sports vehicle manufacturer Polaris are teaming up to co-develop a new lineup of vehicles that will be low-speed, electric, and self-driving. These low-speed vehicles (LSV) will be equipped with Optimus Ride’s full stack of sensors and software to enable “fully autonomous” driving without a safety driver behind the… Continue reading Polaris and Optimus Ride are co-developing ‘fully autonomous’ low-speed shuttles
China Automotive Systems Reports Fourth Quarter and Fiscal Year 2020 Results
WUHAN, China, March 30, 2021 /PRNewswire/ — China Automotive Systems, Inc. (NASDAQ: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the fourth quarter and the audited results for the fiscal year ended December 31, 2020. Fourth Quarter 2020 Highlights Net sales rose 26.4%… Continue reading China Automotive Systems Reports Fourth Quarter and Fiscal Year 2020 Results
Lexus Accelerates Its Electrified Future With LF-Z Electrified Concept Debut
With an unyielding spirit of innovation and support from buyers around the world, Lexus has continued to evolve as a luxury lifestyle brand. Lexus has delivered amazing product and brand experiences with new technologies and value since 1989. Now, the automotive industry has entered a period of once-in-a-century transformation. In addition to the growing social… Continue reading Lexus Accelerates Its Electrified Future With LF-Z Electrified Concept Debut
Sources: Didi Chuxing may raise $500m for self-driving unit ahead of IPO
Didi Autonomous Driving is reportedly looking to rake in up to US$500 million in the potential raise at a valuation of around US$6 billion. Go to Source
Argus Collaborates with Microsoft to Bring End-to-End Automotive Cyber Security Cloud Solution to Vehicle Manufacturers with Microsoft Azure IoT
Argus Cyber Security Suite of Solutions integrated with Microsoft’s Azure IoT platform to provide in-vehicle and off-board monitoring, analysis, and mitigation of cyber attacks from the cloud TEL AVIV, Israel, March 30, 2021 /PRNewswire/ — Argus Cyber Security, a global leader in automotive cyber security, has collaborated with Microsoft Azure IoT and joined the Microsoft… Continue reading Argus Collaborates with Microsoft to Bring End-to-End Automotive Cyber Security Cloud Solution to Vehicle Manufacturers with Microsoft Azure IoT