RT Advanced Materials, a Chinese producer of lithium-ion battery materials, has closed over 5 billion yuan (nearly $740 million) in a Series D round of financing from investors including Shang Qi Capital. Shang Qi Capital, the private equity (PE) arm of Chinese state-owned automaker SAIC Motor, led the Series D round, in its latest effort… Continue reading Chinese battery material producer RT Advanced Materials nets nearly $740m in Series D roundShang Qi Capital, the PE arm of SAIC Motor, led the round
Tag: Mobility
German Manager Magazine: Ferrari, Audi, Volkswagen, Hildegard Wortmann, Cariad, Tesla, Boeing: The new newsletter manage:mobility001930
Ferrari – that is the epitome of expensive, extravagant, high-horsepower sports cars, of course with a petrol engine. The brand is a myth. On the stock exchange, the company is worth almost 170 times as much as BMW per car sold. Nevertheless, a radical conversion is now pending: Ferrari is to build electric super sports… Continue reading German Manager Magazine: Ferrari, Audi, Volkswagen, Hildegard Wortmann, Cariad, Tesla, Boeing: The new newsletter manage:mobility001930
German Manager Magazin: Autonomous driving: GM and Ford want to bring vehicles without steering wheels001929
The US automakers General Motors (GM) and ford want in the United States Put self-driving vehicles on the road without human controls such as steering wheels and brake pedals. The companies have independently filed a special permit to operate a limited number of autonomous automobiles, separate applications with the US National Highway Traffic Safety Administration… Continue reading German Manager Magazin: Autonomous driving: GM and Ford want to bring vehicles without steering wheels001929
@niche: Navya raises €36m in convertible bonds with stock acquisition rights to finance its growth and large-scale industrialization002018
Villeurbanne, France, July 21th 2022 – 07:30 am CEST – NAVYA (FR0013018041- Navya), an autonomous mobility systems leader, announced the […] Villeurbanne, France, July 21th 2022 – 07:30 am CEST – NAVYA (FR0013018041- Navya), an autonomous mobility systems leader, announced the signing of a funding agreement on July 20th with the Negma Group for a… Continue reading @niche: Navya raises €36m in convertible bonds with stock acquisition rights to finance its growth and large-scale industrialization002018
Baidu reveals the next-gen robotaxi that will be deployed throughout China
Baidu, the Chinese search engine giant that has plowed money into AI and autonomous vehicle technology, unveiled Wednesday a new all-electric robotaxi that it plans to deploy at scale across China. Baidu will add the Apollo RT6 EV – a cross between an SUV and a minivan that comes with a detachable steering wheel –… Continue reading Baidu reveals the next-gen robotaxi that will be deployed throughout China
UK union staged 24-hour strike in response to Uber files leak
The UK’s App Drivers and Couriers Union (ADCU) staged a 24-hour strike Wednesday to demand Uber be held accountable for the findings of the Uber files, a trove of thousands of leaked confidential documents that show how the ride-hail company broke laws, secretly lobbied governments and exploited driver safety to expand aggressively from 2013 to… Continue reading UK union staged 24-hour strike in response to Uber files leak
Geek+ and Paack launch Europe’s largest autonomous mobile robot project
Paack distribution center in Madrid deploys hundreds of Geekplus’s AI-powered logistics robots, setting new market standard for timely deliveries. The distribution center features a unique, pioneering design that combines picking and sorting solutions for both last-mile and cross-docking operations. MADRID, July 21, 2022 /PRNewswire/ — Geekplus, the global leader in robotics technology, and Paack, a… Continue reading Geek+ and Paack launch Europe’s largest autonomous mobile robot project
Airborne Sensors Market to Reach $14.5 Billion, Globally, by 2030 at 5.3% CAGR: Allied Market Research
Surge in threats from international terrorists and increase in defense & military budgets for consolidating the national security in developing and developed nations drive the global airborne sensors market growth. PORTLAND, Ore., July 21, 2022 /PRNewswire/ — Allied Market Research published a report, titled, “Airborne Sensors Market by Type (Non-Scanning, Scanning), by Application (Defence Aircraft,… Continue reading Airborne Sensors Market to Reach $14.5 Billion, Globally, by 2030 at 5.3% CAGR: Allied Market Research
China fines ride-hailing giant Didi Global $1.2b for data security breach
China’s cybersecurity regulator said on Thursday it has fined Didi Global Inc 8.026 billion yuan ($1.19 billion), concluding a probe that forced the ride-hailing giant to delist from New York within a year and cast a gloom over the Chinese tech sector. The Cyberspace Administration of China (CAC) said its investigation found Didi had illegally… Continue reading China fines ride-hailing giant Didi Global $1.2b for data security breach
Tube Investments to invest Rs 246 crore in electric CV startup
Tube Investments Clean Mobility, the wholly-owned subsidiary of Tube Investments has entered into a definitive agreement for the acquisition of a 65 percent stake in IPLTech Electric, a startup that manufactures electric heavy commercial vehicles. The company will buy the stake for Rs 246 crore and expects to complete the acquisition process by October 2022.… Continue reading Tube Investments to invest Rs 246 crore in electric CV startup