SoftBank Group Corp‘s decision to sell down its Alibaba Group Holding stake for a $34 billion gain may be aimed at bolstering its finances, but it also underlines how CEO Masayoshi Son has cooled on China tech. Son was formerly one of the sector’s biggest cheerleaders and Alibaba is his most famous bet, immensely profitable and for his… Continue reading Slashing Alibaba stake is a sign that SoftBank’s Son has cooled on China techSoftBank’s other Chinese bets include Full Truck Alliance and JD Logistic…
Tag: Mobility
How the 800 reshaped mobility
The people’s car that changed the motoring landscape in India and also marked the birth of what has today evolved into being a thriving automotive industry of global recognition, was launched in December 1983. The keys to the first car rolling off the then Maruti Udyog facility in Gurgaon, Haryana, were handed over to Delhi-based… Continue reading How the 800 reshaped mobility
Tata’s Ace in the pack
When Tata Motors launched its Ace four-wheeler in 2005, there weren’t many small commercial vehicles available. It was an opportunity that Tata spotted and decided to launch, a vehicle which that would later go by the sobriquet, “Chotta Hathi”, equipped with a 700cc engine capable of producing 16hp of power and a peak torque of… Continue reading Tata’s Ace in the pack
Ola to showcase electric car online today
Ola Electric will unveil its luxury sports electric sedan online on Monday to coincide with India’s 75th Independence Day anniversary. According to top sources, the company will “not display the actual prototype, but only details of its features, range and other performance aspects”. The production-ready vehicle could be showcased by the first half of 2023. … Continue reading Ola to showcase electric car online today
India at 75: When the Japanese came calling in the 1980s
The Eighties were an action packed decade for the Indian automotive industry and in a sense heralded the first wave of reforms. This was the time the Japanese entered the market with the focus being on two-wheelers and light commercial vehicles (LCVs). Suddenly, a host of new brands littered the landscape ranging from Honda, Suzuki,… Continue reading India at 75: When the Japanese came calling in the 1980s
Cleantechnica: German Court Overrules “Tesla Autopilot” Marketing Ban 002180
Tesla Autopilot in use in Germany. Photo by Zach Shahan | CleanTechnica. The short news update on a case that extends back to 2019 is that an appeals court has overturned a regional court ruling from 2019 that determined Tesla could not use the term “Autopilot” on its website and in other marketing materials in… Continue reading Cleantechnica: German Court Overrules “Tesla Autopilot” Marketing Ban 002180
Teaming agreement signed between ORCODA (ASX:ODA) and Teletrac Navman
MELBOURNE, Australia, Aug. 14, 2022 /PRNewswire/ — Orcoda Limited (ASX: ODA) is pleased to announce that it has entered into a Teaming Agreement with Teletrac Navman Group to integrate and cross-sell each other’s products to their respective customers. Orcoda Logistics Management System (“OLMS”) and Orcoda Workforce Logistics System (“OWLS”) are Orcoda’s world-leading proprietary transport management… Continue reading Teaming agreement signed between ORCODA (ASX:ODA) and Teletrac Navman
India’s Yulu Bikes in talks with Canada’s Magna to raise funds for new battery entityYulu Bikes had raised $7m in debt funding from Magna in Dec 2021.
Electric mobility startup Yulu Bikes Pvt Ltd is in advanced discussions to raise significant capital from Canadian auto parts maker Magna International for Yulu Energy Pvt Ltd, a newly-formed entity for managing its two-wheeler battery charging and swapping business, DealStreetAsia has learnt. Yulu Bikes is an Indian electric bicycle and scooter rental startup that is… Continue reading India’s Yulu Bikes in talks with Canada’s Magna to raise funds for new battery entityYulu Bikes had raised $7m in debt funding from Magna in Dec 2021.
Uber to sunset free loyalty program in favor of subscription membership
Ride-hailing giant Uber is shutting down its free loyalty program, Uber Rewards, so it can focus on its subscription-based Uber One membership. Uber first launched the rewards program in 2018 as a sort of frequent flyer scheme that allowed riders to earn points for every dollar spent on rides or Uber Eats deliveries. Those points… Continue reading Uber to sunset free loyalty program in favor of subscription membership
Elon Musk Says Demand for Tesla Outpaces Production Ability Following Giant Order
Will Tesla make good on that order? Tall Order Last week, US-based electric vehicle subscription startup Autonomy announced it would order a total of 23,000 EVs from multiple auto makers. The order cost more than $1 billion, and Tesla came out with the top share. Autonomy ordered 4,300 EVs from Tesla, which will cost just… Continue reading Elon Musk Says Demand for Tesla Outpaces Production Ability Following Giant Order