Panda Capital Leads $10M Series B Round In Mobile

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Didi And Uber China Ink Landmark Deal To Merge Operations In China

In a landmark deal, Chinese ride share giant Didi Chuxing has agreed to acquire all assets of Uber China, including its brand, business operations and data for operation within China, according to a company announcement. In exchange for the Uber China assets, Uber will receive 5.89% of the combined company with preferred equity interest which… Continue reading Didi And Uber China Ink Landmark Deal To Merge Operations In China

07/16/2019MAHLE corporate start-up chargeBIG establishes charging infrastructure for electric vehicles

MAHLE corporate start-up chargeBIG establishes charging infrastructure for electric vehicles

Stuttgart/Germany, July 16, 2019 – Today, MAHLE celebrates the go-live of 100 chargeBIG charging points for electric vehicles in the company’s own parking garage in Stuttgart-Bad Cannstatt/Germany. This event is MAHLE’s contribution toward the day of action organized by the Bündnis für Luftreinhaltung, a local alliance to combat air pollution.

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Press release [PDF; 39 KB]Press picture [JPG; 3139 KB] One hundred charging points go into operation in the company’s own parking garagechargeBIG is a centralized, scalable charging infrastructure concept for fleet operators and drivers who leave their cars in a parking lot all day Low-cost and time-saving integration into existing infrastructure“Our corporate start-up chargeBIG has a vision: in the future, the charging of electric vehicles will be widespread, low cost, very easy, and clever. Today, this vision has become a reality in Bad Cannstatt,” explains Dr. Jörg Stratmann, Chairman of the Management Board and CEO of MAHLE.
Around 120 guests from the fields of politics, business, and science are expected to attend the event on MAHLE’s parking deck to find out about the intelligent charging structure as well as the fast charging unit with battery storage. Anyone traveling in their own electric vehicle will be able to connect to one of the new chargeBIG charging points and test the system directly. The development of the charging infrastructure in MAHLE’s parking garage is the result of a project funded by the German Federal Ministry for Economic Affairs and Technology (BMWi) and carried out in collaboration with partners Fraunhofer ITWM and eliso.
“chargeBIG is a smart, pragmatic solution that has come about in a lively start-up environment—with a fantastic team spirit, huge commitment, and great enthusiasm,” says Dr. Stratmann.
Intelligent charge management system for long-stay parkingchargeBIG is an intelligent charge management system for users of long-stay parking and can be integrated into the existing infrastructure at low cost and without protracted conversion work. The system follows a new approach: charging as quickly as necessary rather than charging as quickly as possible. And it is intended for use by as many vehicles as possible, among which the amount of electricity available is distributed intelligently. The chargeBIG system is an ideal solution for parking lots where electric vehicles are left for relatively long periods of time—as in company parking garages, at airports, in underground garages for large residential buildings, and in the case of fleet operators.
The chargeBIG charging concept consists of a central control unit with permanently mounted cables and connector plugs instead of charging columns in the parking lot. Thanks to the intelligent charging system and design-to-cost approach, there is no need to invest in expanding the network connection, thus saving time and money when setting up the charging infrastructure.
A central control unit distributes the available charging capacity across the parked vehicles using dynamic, phase-specific load management. This prevents unbalanced loads in the power supply. chargeBIG responds flexibly to other consumers on the network and uses the electric vehicles as a controllable load, ensuring optimal utilization of the available power supply. In addition, the chargeBIG solution is more convenient to install and look after than alternative systems, as the charging points can be maintained very easily via the central electronics. The system offers a further advantage in terms of safety, because the charging points are de-energized when not in use.
Air quality action dayThe unveiling of the charging points is also MAHLE’s contribution toward the day of action organized by the Bündnis für Luftreinhaltung. This alliance of major Stuttgart-based companies to combat air pollution was officially launched in spring 2019 with the support of the Minister President of Baden-Württemberg, the German federal state in which MAHLE is headquartered. The joint goal of the alliance is, as far as possible, to keep the city’s air quality within the relevant limit values for nitrogen oxide and fine particulates from 2020. For this reason, the participating companies aim to use numerous measures to exert a positive influence on their employees’ transport choices.
About MAHLEMAHLE is a leading international development partner and supplier to the automotive industry as well as a pioneer for the mobility of the future. The MAHLE Group is committed to making transportation more efficient, more environmentally friendly, and more comfortable by continuously optimizing the combustion engine, driving forward the use of alternative fuels, and laying the foundation for the worldwide introduction of e-mobility. The group’s product portfolio addresses all the crucial issues relating to the powertrain and air conditioning technology—both for drives with combustion engines and for e-mobility. MAHLE products are fitted in at least every second vehicle worldwide. Components and systems from MAHLE are also used off the road—in stationary applications, for mobile machinery, rail transport, as well as marine applications.
In 2018, the group generated sales of approximately EUR 12.6 billion with more than 79,000 employees and is represented in over 30 countries with 160 production locations. At 16 major research and development centers in Germany, Great Britain, Luxembourg, Spain, Slovenia, the USA, Brazil, Japan, China, and India, more than 6,100 development engineers and technicians are working on innovative solutions for the mobility of the future.
For further information, contact:MAHLE GmbH
Margarete Dinger
Corporate Communications/Public Relations
Pragstraße 26–46
70376 Stuttgart/Germany
Phone: +49 711 501-12369
margarete.dinger@mahle.com

Poly Group Invests $400M As Part Of Didi’s New Funding Round

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DENSO Invests in Semiconductor Laser Startup TriLumina

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DENZA All-Electric Vehicle Showcased at the 2015 Shanghai Auto Show

• DENZA all-electric vehicle shines at the 2015 Shanghai Auto Show • DENZA combines Daimler’s renowned tradition and engineering expertise as a worldwide leader in safety technology and quality excellence with BYD’s leading battery technology. • The CEO of the joint venture Yan Chen said “The DENZA EV has been welcomed by many families just… Continue reading DENZA All-Electric Vehicle Showcased at the 2015 Shanghai Auto Show

China Life Insurance To Invest $600M In Didi Chuxing

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2015年04月17日 DENZA All-Electric Vehicle…

DENZA All-Electric Vehicle Showcased at the 2015 Shanghai Auto Show
2015-04-17 12:33 by admin 点击量:2188

•DENZA all-electric vehicle shines at the 2015 Shanghai Auto Show

•DENZA combines Daimler’s renowned tradition and engineering expertise as a worldwide leader in safety technology and quality excellence with BYD’s leading battery technology.

•The CEO of the joint venture Yan Chen said “The DENZA EV has been welcomed by many families just a few months after its launch in Shanghai in 2014. We deliver the safest, most reliable, and most convenient electric vehicle to our Chinese customers.“

April 20, 2015, Shanghai – Following its debut at the 2013 Shanghai International Auto Show, the DENZA, an all-electric vehicle produced by Shenzhen BYD Daimler New Technology Co., Ltd., made its appearance at the 2015 auto show, showcasing its perfect combination of Daimler’s century of manufacturing experience and prowess and cutting-edge safety technology with BYD’s leading battery technology and services.

DENZA is dedicated to providing the best China-oriented EVs, turning E-moving into a reality. Yan Chen, the CEO of Shenzhen BYD Daimler Technology Co., Ltd., said the DENZA EV has been welcomed by many families just a few months after its launch in Shanghai in 2014. The E-mobility era has already begun.

DENZA has earned the praise of both first-time customers and business partners for providing superior quality. As a key aspect of the E-mobility blueprint, DENZA spares no effort taking on market and infrastructure challenges. DENZA is also striving for excellence, enhancing infrastructure, and expanding its sales network. DENZA’s plan in 2015 is to triple its market coverage. Beijing, Shanghai, and Shenzhen are still the top priorities for expansion. Sales operations started in Nanjing and Hangzhou in April, and similar operations are set to begin in Tianjin and Guangzhou later this year.

The central and local governments have been expanding their incentive policies for EVs, increasing the industry’s confidence. In Shanghai, a DENZA user can receive a subsidy from both the central and local governments, totaling a 30% discount. For example, while the initial price of the DENZA Lifestyle Edition is RMB 369,000, after the RMB 54,000 subsidy from the central government and the additional RMB 40,000 subsidy from the Shanghai municipal government, the price to consumers is reduced to RMB 275,000. Furthermore, each DENZA owner will receive a free license plate as well as a reduction and exemption in their vehicle purchase tax, totaling an additional RMB 23,500. In Beijing, in addition to the double subsidy and separate license plate lottery, all-electric sedans will be exempt from vehicle restrictions.

China has set a goal of having 500,000 new energy vehicles on the road by 2015, and Premier Li Keqiang stated very clearly in his government work report in March that China will promote the use of new energy vehicles. DENZA is dedicated to being a part of reaching this goal by leading the market in its class. This can be achieved only by providing first-class products. Thanks to Daimler’s century-long history of manufacturing experience and quality management, DENZA guarantees that all vehicles that bear its name will be of the highest quality.

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