Xiangdao Chuxing, the ride-hailing service backed by China’s largest carmaker, completed a 1 billion yuan ($148 million) fundraising that brings in an autonomous driving startup as new investor, the company said Monday. The latest funding round valued SAIC Motor Corp.-affiliated Xiangdao at $1 billion. Largest shareholder SAIC Motor, self-driving company Momenta and Gaohang (Tianjin) Management… Continue reading Chinese ride-hailing service Xiangdao Chuxing raises $148m, eyes IPO
Tag: Mobility
Helbiz reports revenue increase but dwindling cash reserves
Helbiz started out as a shared micromobility company but has since expanded to include ghost kitchens, media streaming and, most recently, a taxi service. The company reported its second-quarter earnings Monday after the bell. The startup was the first scooter operator to go public via the SPAC route, and many in the industry wish it wasn’t… Continue reading Helbiz reports revenue increase but dwindling cash reserves
@FCA: Dodge Teases 2023 Dodge Charger and Dodge Challenger Lineup, Including Seven New Models
August 15, 2022 , Auburn Hills, Mich. – The Dodge Charger and Dodge Challenger, in current form, are coming to an end, and the Dodge brand is seizing the opportunity to celebrate in true, over-the-top Dodge style. The Dodge 2023 lineup will pay homage to the muscle car pair with seven special models, the return of… Continue reading @FCA: Dodge Teases 2023 Dodge Charger and Dodge Challenger Lineup, Including Seven New Models
Grupo Moura fortalece parceria com a VWCO e adquire caminhão e-Delivery
Veículo elétrico VW expande atuação e desembarca para seu primeiro cliente em Pernambuco O veículo será utilizado nas rotas entre as unidades fabris da Moura, localizadas na cidade de Belo Jardim SAO PAULO, 15 de agosto de 2022 /PRNewswire/ — A Moura e a Volkswagen Caminhões e Ônibus (VWCO) dão mais um importante passo nessa… Continue reading Grupo Moura fortalece parceria com a VWCO e adquire caminhão e-Delivery
@VW Group: Mahindra and Volkswagen Explore Strategic Alliance to Accelerate Electrification of Indian Automotive Market005550
The Volkswagen Group and Mahindra & Mahindra Ltd. (M&M) today announced they intend to expand their cooperation. Both companies signed a Term Sheet on the supply of MEB electric components for Mahindra’s new, purpose-built electric platform INGLO, deepening the Partnering Agreement from earlier this year. The cooperation intends to have a volume of more than… Continue reading @VW Group: Mahindra and Volkswagen Explore Strategic Alliance to Accelerate Electrification of Indian Automotive Market005550
German Manager Magazin: VW: Wolfsburg consider strategic alliance with Indian carmaker Mahindra001971
Volkswagen is making faster progress than expected in its cooperation with the Indian car manufacturer Mahindra. A few months after the preliminary contract the partners are already talking about deepening the partnership by supplying components for the platform technology for electric cars developed by the Wolfsburg-based company. Accordingly, possibilities of cooperation up to a strategic… Continue reading German Manager Magazin: VW: Wolfsburg consider strategic alliance with Indian carmaker Mahindra001971
Senmiao Technology Reports Fiscal 2023 First Quarter Financial Results
CHENGDU, China, Aug. 15, 2022 /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 financial results for its fiscal 2023 first quarter ended June 30, 2022. Please note that the… Continue reading Senmiao Technology Reports Fiscal 2023 First Quarter Financial Results
New App Rents a Whole Electric Car for $500 Per Month
They already ordered almost half a billion dollars’ worth of Teslas. EV Monthly It’s no secret that it’s hard to get your hands on an electric vehicle these days. Global supply chain shortages have shaken the automotive industry to its core, and it’s not uncommon to wait months or even years to actually get the… Continue reading New App Rents a Whole Electric Car for $500 Per Month
They Let Me Fly an Experimental Jetpack and… Well, I Survived
As I flew uncontrollably towards the side of a mountain ridge with an experimental jetpack strapped to my back, I began to wonder if I’d made the right decision. I was going too fast. Everything was too loud. And between the two jet engines blasting behind me and the California sun, I felt like I… Continue reading They Let Me Fly an Experimental Jetpack and… Well, I Survived
PM Modi gives another push to electric vehicle adoption
PM Narendra Modi New Delhi: In another thrust to his electric vehicle (EV) dream, Prime Minister Narendra Modi on Monday said that the country needs to be ‘Aatmanirbhar’ (self-reliant) in its energy sector. Addressing the nation from the ramparts of the Red Fort on the 75th Independence Day, Modi said that from solar energy and… Continue reading PM Modi gives another push to electric vehicle adoption