China’s ride-hailing giant Didi Global plans to use a mechanism that will allow it to list shares in Hong Kong without raising capital or issuing new stock as it seeks to delist from New York, two people with knowledge of the matter said. The plans come as Didi is moving towards withdrawing from the New York Stock Exchange under… Continue reading China’s Didi may enter Hong Kong bourse through ‘listing by introduction’
Tag: Mobility
Tesla is sponsoring Formula SAE electric racing teams with free battery cells and more
Tesla is going to start sponsoring Formula SAE electric racing teams with free battery cells and discounted hardware. The automaker has often hired former students who participated in these competitions. Formula SAE is an organization that puts together student competitions in the field of mobility. Over the last decade, electric vehicles have been popular with… Continue reading Tesla is sponsoring Formula SAE electric racing teams with free battery cells and more
Challenges that dealers will have to face in 2022
December 29, 2021 Posted by: Jorge Platero Category: Faconauto News Digitization, the ecological transition, the increase in the registration tax … are some of the challenges that the sector will have to face. 2021 is about to end. A complicated and complex year for dealerships that has been marked by the continuation of the COVID-19… Continue reading Challenges that dealers will have to face in 2022
China’s Geely to build electric robotaxis for Waymo
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Watch GoTo’s Patrick Cao explain the economics behind Gojek-Tokopedia merger …
Indonesia’s GoTo, formed from the landmark merger of on-demand app Gojek and e-commerce company Tokopedia this year, expects to benefit from the diversification and economies of scale, which would not have been possible had the companies remained individual players. “It [the merger] has helped to compete with other others in Indonesia, the largest economy in… Continue reading Watch GoTo’s Patrick Cao explain the economics behind Gojek-Tokopedia merger …
BMW to create up to 6,000 new jobs next year
BMW logo is seen during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay Register now for FREE unlimited access to Reuters.com Register BERLIN, Dec 29 (Reuters) – Germany’s BMW plans to create up to 6,000 new jobs next year to prepare for growing demand for its electric vehicles, the… Continue reading BMW to create up to 6,000 new jobs next year
How Meituan is redefining food delivery in China with drones
On a congested sidewalk next to a busy mall in Shenzhen, a 20-something woman uses a smartphone app to order a milk tea on Meituan, a major food delivery company. In under ten minutes, the pearl-white drink arrives, not on the back of one of the city’s ubiquitous delivery bikes, but descending from the cloudy… Continue reading How Meituan is redefining food delivery in China with drones
TuSimple completes its first driverless autonomous truck run on public roads
Autonomous trucking startup TuSimple has completed its first autonomous truck run on open public roads without a human in the vehicle, according to the company. TuSimple’s Autonomous Driving System (ADS) navigated 100% of the 80-mile run along surface streets and highways between a railyard in Tuscon, Arizona and a distribution center in Phoenix, which took… Continue reading TuSimple completes its first driverless autonomous truck run on public roads
ZF becomes majority stakeholder in Indian JV with Rane Group
The Rane ZF Trichy plant. The JV is now renamed ZF Rane Automotive India. Global technology company ZF has increased its equity shares to become the majority shareholder with 51 percent in the Rane TRW Steering Systems joint venture from the Rane Group. Till date, both partners held equal shares in the company, which employs… Continue reading ZF becomes majority stakeholder in Indian JV with Rane Group
GreenPower Announces Test Rides and Demonstration of Its AV Star with Perrone Robotics at CES 2022
This announcement falls on the heels of GreenPower and Perrone’s recent OEM agreement, which continues to build on the success of the original AV Star developed for the Jacksonville Transportation Authority (JTA). “Together with GreenPower and First Transit, we are thrilled to provide CES attendees with an opportunity to experience firsthand and ride in the… Continue reading GreenPower Announces Test Rides and Demonstration of Its AV Star with Perrone Robotics at CES 2022