Tag: Mobility

Chinese Tesla challenger Xpeng raises $400M from investors including Xiaomi

Chinese electric vehicle (EV) maker, Xpeng Motors, announced it has raised $400 million in the latest round of financing, which included a new strategic investor — China’s budget smartphone brand Xiaomi. Local startup Xpeng, backed by Alibaba and Foxconn and seen as a rival to Tesla in China, will work with Xiaomi to develop technologies… Continue reading Chinese Tesla challenger Xpeng raises $400M from investors including Xiaomi

Lyft Reports Q3 Revenue of $955M

Photo via Lyft. Lyft recently announced its financial results for its third quarter that ended Sep. 30, reporting revenue of $955.6 million. Q3 2019 Financial Highlights Lyft’s Q3 revenue of $955.6 million is compared to $585 million in the third quarter of 2018, an increase of 63% year over year.   Net loss for Q3 2019 was $463.5 million versus a… Continue reading Lyft Reports Q3 Revenue of $955M

Sixt Share Offers Promotion to Celebrate Anniversary of Fall of Berlin Wall

Photo via U.S. Department of Defense. To celebrate the 30th anniversary of the fall of the Berlin Wall, Sixt’s carsharing service is offering a new campaign. Sixt share is providing new customers with 100 welcome minutes, which they can redeem for their first Sixt share trip. This is equivalent to a new customer bonus of… Continue reading Sixt Share Offers Promotion to Celebrate Anniversary of Fall of Berlin Wall

Apple Co-Founder Gives Up On Self Driving Cars – Yahoo Finance

”The hurdles to battery electric vehicles and complete autonomous driving are still quite high,” Honda CEO Takahiro Hachigo recently said in an interview at Honda Motor Co.’s global headquarters. His company will focus on gasoline-electric hybrids, not full EVs, through 2030. As for fully autonomous vehicles, Honda will roll out incremental advances that offer real-world safety at… Continue reading Apple Co-Founder Gives Up On Self Driving Cars – Yahoo Finance

Alibaba-backed EV startup XPeng says raises $400 million for growth

HONG KONG/BEIJING (Reuters) – Chinese electric vehicle (EV) manufacturer XPeng, backed by Alibaba Group Holding Ltd, said on Wednesday it has raised $400 million from investors including Xiaomi Corp to fund its growth. FILE PHOTO: A staff member of Xpeng Motors stands next to the charging station at company’s booth during the media day for… Continue reading Alibaba-backed EV startup XPeng says raises $400 million for growth

FlixBus arrives in Northwest with $9.99 trip from Seattle to Portland — and plans for electric vehicles

A FlixBus with the Seattle skyline in the background. (FlixBus via Alabastro Photography) “Having a car is a thing of the past,” according to Pierre Gourdain, managing director of FlixBus USA, as the fast-growing, tech friendly bus service provider has arrived in the Pacific Northwest. FlixBus announced that it is partnering with MTR Western, the… Continue reading FlixBus arrives in Northwest with $9.99 trip from Seattle to Portland — and plans for electric vehicles

TSX Accepts Notice of Intention to Make Normal Course Issuer Bid

AURORA, Ontario, Nov. 12, 2019 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange (“TSX”) had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the “Notice”). Pursuant to the Notice, Magna may purchase up to 30,283,500 Magna Common Shares (the “Bid”), representing approximately… Continue reading TSX Accepts Notice of Intention to Make Normal Course Issuer Bid

MITSUBISHI MOTORS Introduces XPANDER CROSS

TOKYO, Nov 12, 2019 – (JCN Newswire) – MITSUBISHI MOTORS CORPORATION (MMC) today revealed an all-new crossover MPV – XPANDER CROSS – to join the XPANDER lineup. Inherited with MITSUBISHI MOTORS’ SUV DNA, the new model features more robust SUV exterior styling combined with the unique strengths from multi-purpose vehicles (MPV), and will be launched… Continue reading MITSUBISHI MOTORS Introduces XPANDER CROSS

Electric boat with used Renault Zoe battery packs launches in Paris

An all-electric boat equipped with “second-life” Renault Zoe battery packs has launched as part of Seine Alliance’s fleet operating in Paris. Renault has access to a lot of used Zoe battery packs because it sold many electric cars under a program where they would still own the battery packs and rent them to Zoe owners.… Continue reading Electric boat with used Renault Zoe battery packs launches in Paris