By Kane Wu and Julie Zhu HONG KONG: Two electric vehicle-sharing platforms backed by powerful Chinese carmakers plan to seek external funding totalling almost $730 million to fuel their growth, people with direct knowledge of the plans said. The moves come as Beijing continues its push into the new energy vehicle (NEV) sector as part… Continue reading Two Chinese EV sharing platforms in $730 mln push to fuel growth – sources
Tag: Mobility
Elon Musk’s ‘funding secured’ tweet could cost Tesla millions, former SEC chairman says (TSLA)
Nearly three days after Tesla CEO Elon Musk said he had secured the funding necessary to take Tesla private, pending a shareholder vote, neither he nor the company has disclosed where that money could come from. One possible explanation: Tesla and its board of directors don’t know. While Tesla’s board released a statement on Wednesday… Continue reading Elon Musk’s ‘funding secured’ tweet could cost Tesla millions, former SEC chairman says (TSLA)
There are big doubts about how Musk will pull off the Tesla buyout, but Morgan Stanley may have found a way
Morgan Stanley is telling its clients there might a way to get funding for Elon Musk’s plan to take Tesla private.
Tesla shareholders who sell if EV maker goes private will be losers for one big reason: A.I.
Nidhi Kalra, senior information scientist for the nonprofit research organization RAND Corporation, has said that any simulation used by Waymo or another Tesla competitor is a simplification of the real world: “Real-world miles still really, really matter. That’s where, literally, the rubber meets the road, and there’s no substitute for it.” Billions of new sensors… Continue reading Tesla shareholders who sell if EV maker goes private will be
losers for one big reason: A.I.
Local Motors Announces Olli Shipment to University at Buffalo · Local Motors
Press and Releases The mobility company by LM Industries has partnered with the University at Buffalo on a transportation and sustainability initiative centered on its autonomous, electric, 3D-Printed shuttle. PHOENIX, August 9, 2018 — Today, Local Motors by LM Industries, known for 3D-Printed mobility solutions, announced the deployment and launch of operations of Olli at… Continue reading Local Motors Announces Olli Shipment to University at Buffalo · Local Motors
Self-Driving Truck Startup Kodiak Secures $40 Million in Series A
Even though Uber Technologies recently abandoned its self-driving truck program, a company started by individuals with ties to Otto, the self-driving technology company acquired by Uber, and Google’s self-driving car team, has received financial backing to continue the development of systems that will allow trucks to be retrofitted to drive autonomously. Kodiak Robotics, founded in… Continue reading Self-Driving Truck Startup Kodiak Secures $40 Million in Series A
Apple hints at plan to build a car after all as it rehires ex-Tesla engineering head
If you’re looking for hints that Apple might deliver on its long-rumored plan to develop its own car, a significant one landed this week after it emerged that Doug Field — Apple’s former VP of Mac hardware engineering — has rejoined from the company after a spell with Tesla. John Gruber at Daring Fireball broke… Continue reading Apple hints at plan to build a car after all as it rehires ex-Tesla engineering head
Top auto supplier Magna takes $60 million hit from tariffs, but CEO still sees ‘huge’ opportunity
With about 25,000 employees in the United States and another 23,000 in Canada, automotive supplier Magna International sits squarely in the center of an ongoing trade dispute.
Lime expands its discount program for low-income bike and scooter riders
Bike and scooter startup Lime announced that it’s expanding its discount program for low-income customers. Starting today, qualifying users will receive a 50 percent discount to ride the company’s electric-powered scooters and bikes. That’s a hefty 95 percent discount on its normal pedal bikes. Lime first launched its Lime Access program in Seattle and LA… Continue reading Lime expands its discount program for low-income bike and scooter riders
MAHLE intends to continue its growth in the aftermarket with thermal management products
MAHLE plans acquisition of Hella’s shares in the joint venture Behr Hella Service, transitional period until December 31, 2019 Products and solutions for efficient thermal management are of great strategic importance for all powertrain technologies Full spectrum of thermal management products for MAHLE Aftermarket customers from a single source MAHLE and Hella have agreed that… Continue reading MAHLE intends to continue its growth in the aftermarket with thermal management products