(Bloomberg) — When a Chinese billionaire became Daimler AG’s biggest shareholder in 2018, it caused quite a stir. Another Chinese investor took an even bigger stake the following year, the Mercedes-Benz maker just disclosed for the first time. Most Read from Bloomberg Daimler announced Monday that BAIC Automotive Group Co. almost doubled its stake in… Continue reading Daimler Reveals Chinese Partner Doubled Stake Years Ago
Tag: Mobility
China carmaker BAIC has 9.98% stake in Daimler, no plans to raise it further
BERLIN (Reuters) -Daimler on Monday said its Chinese shareholder Beijing Automotive Group Co Ltd (BAIC) does not plan to increase its stake in the German luxury carmaker beyond the 9.98% stake it has held since 2019. The German carmaker said BAIC told Daimler after the Daimler Truck spinoff on Friday that it has held a… Continue reading China carmaker BAIC has 9.98% stake in Daimler, no plans to raise it further
Harley-Davidson’s electric motorcycle brand LiveWire is merging with a SPAC to go public
LiveWire, the electric motorcycle company spun out of Harley-Davidson, is going public by merging with a special acquisition company, or SPAC. The transaction will net LiveWire approximately $545 million at a pro forma enterprise value of approximately $1.77 billion, Harley-Davidson says in its announcement. LiveWire is the latest electric vehicle company to go public by… Continue reading Harley-Davidson’s electric motorcycle brand LiveWire is merging with a SPAC to go public
StradVision’s AI-based Vision Perception Software ‘SVNet’ Powers LG Electronics’ New ADAS Camera System
As a software solution provider, StradVision closely cooperated with LG Electronics to support its development of an algorithm implementing various ADAS functions. For the various safety functions delivered by LG Electronics’ ADAS Front Camera System, StradVision offered full customization of Object Detection and Free Space Detection. “We are very excited to collaborate with LG Electronics,… Continue reading StradVision’s AI-based Vision Perception Software ‘SVNet’ Powers LG Electronics’ New ADAS Camera System
Car Subscription Platform FINN To Enter U.S. Market, Ushering In A New Era For A Flexible Vehicle Experience
NEW YORK, Dec. 13, 2021 /PRNewswire/ — FINN, Europe’s fastest growing car subscription platform, today announced the official expansion of its popular service to the United States in conjunction with a large and growing network of auto manufacturers and dealership partners. FINN is fundamentally transforming the new vehicle experience in the United States through its… Continue reading Car Subscription Platform FINN To Enter U.S. Market, Ushering In A New Era For A Flexible Vehicle Experience
Increasing Automated Safety Requirements Highlight Need for Robust Regulatory Framework for Autonomous Vehicles
“Germany, France, Austria, and Sweden are setting benchmarks in AV development and driving early adoption of regulations in Europe,” said Deexeta Mohan Kumar, Mobility Research Analyst at Frost & Sullivan. “The UNECE and governing bodies are working on the regulatory framework to support the strong AV ecosystem in the region. Similarly, Singapore, China, and Japan… Continue reading Increasing Automated Safety Requirements Highlight Need for Robust Regulatory Framework for Autonomous Vehicles
Mobility as a Service Market worth $40.1 billion by 2030 – Exclusive Report by MarketsandMarkets™
CHICAGO, Dec. 13, 2021 /PRNewswire/ — According to the new market research report “Mobility as a Service Market by Service (Ride-Hailing, Car Sharing, Micro Mobility, Bus Sharing, Train), Solution, Application, Transportation, Vehicle, Operating System, Business Model, Propulsion & Region – Forecast to 2030″, published by MarketsandMarkets™, the Mobility as a Service Market size is projected to reach USD… Continue reading Mobility as a Service Market worth $40.1 billion by 2030 – Exclusive Report by MarketsandMarkets™
Tantech Subsidiary Receives Milestone Order for Twelve Driverless Street Sweepers; Develops Next Generation Sweeper with Enhanced Features
LISHUI, China, Dec. 13, 2021 /PRNewswire/ — Tantech Holdings Ltd (NASDAQ: TANH) (“Tantech” or the “Company”), a clean energy company in China, today announced that its subsidiary, Lishui Smart New Energy Automobile Co., Ltd., received a milestone order for twelve of its highly innovative… Go to Source
Hyzon Motors and MiTAC-Synnex to advance the decarbonization of commercial trucking in Taiwan
ROCHESTER, N.Y., Dec. 13, 2021 /PRNewswire/ — Hyzon Motors Inc. (NASDAQ: HYZN), a leading supplier of hydrogen-powered fuel cell electric vehicles, and the MiTAC-Synnex Group, a leading industrial conglomerate in Taiwan, today announced a Memorandum of Understanding (MoU) to jointly develop hydrogen-powered commercial vehicles and distribution models optimized for the Taiwan market. Under the terms of… Continue reading Hyzon Motors and MiTAC-Synnex to advance the decarbonization of commercial trucking in Taiwan
Deepen AI Launches Radar and IMU Sensor Calibration; Loop-based Optimizer Brings Increased Accuracy
SANTA CLARA, Calif., Dec. 13, 2021 /PRNewswire/ — Deepen AI, a world leader in computer vision tools for autonomous systems, today announced the launch of Radar and IMU sensor calibrations. Deepen Calibrate is an easy-to-use web browser-based tool that supports both intrinsic and extrinsic calibrations. Deepen Calibrate cuts down the time spent on calibrating multi-sensor data from hours… Continue reading Deepen AI Launches Radar and IMU Sensor Calibration; Loop-based Optimizer Brings Increased Accuracy