Chinese ride-hailing giant DiDi Global will swap cash plus its smart driving and cockpit unit for 16.5% of AutoAi, a subsidiary of state-backed maps firm NavInfo, the latter said in a stock exchange filing on Wednesday. DiDi Smart Transportation Technology will make up 87% of AutoAi’s plan to boost its registered capital by 27.45 million yuan ($3.85 million),… Continue reading DiDi to become 2nd-largest shareholder in state-backed NavInfo’s unitDiDi Global will swap cash plus its smart driving and cockpit unit for 16.5% of A…
Tag: Didi
Xpeng releases mass-market EV with basic driver-assist for less than $20,000
Chinese electric car company Xpeng displays its mass-market Mona M03 coupe inside a headquarters’ showroom in Guangzhou, China, on Aug. 26, 2024. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Xpeng on Tuesday announced that its mass-market brand Mona will start selling some models for less than $17,000. The basic version of the… Continue reading Xpeng releases mass-market EV with basic driver-assist for less than $20,000
China’s Didi in talks to sell smart driving assets to NavInfo’s unit: reportDidi plans to sell the assets to AutoAi.
China’s Didi Global is in advanced talks to sell its smart driving and cockpit assets to state-backed digital mapping firm NavInfo’s unit, as the ride-hailer focuses on its core business after a bruising regulatory crackdown, three sources said. Didi plans to sell the assets to AutoAi, a provider of intelligent cockpits-related software and hardware, in exchange for a… Continue reading China’s Didi in talks to sell smart driving assets to NavInfo’s unit: reportDidi plans to sell the assets to AutoAi.
Baidu reports slower growth in robotaxi rides
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — Chinese tech company Baidu is reporting slower growth in its Apollo Go robotaxi rides than in prior quarters. Figures Baidu reported Thursday showed the number of robotaxi rides operated publicly grew by 26%… Continue reading Baidu reports slower growth in robotaxi rides
Waymo says it has doubled its weekly paid robotaxi trips to 100,000 since May
A Waymo autonomous self-driving Jaguar taxi drives along a street on March 14, 2024 in Los Angeles, California. Mario Tama | Getty Images Waymo is now providing more than 100,000 paid robotaxi rides per week in the U.S., according to a LinkedIn announcement by co-CEO Tekedra Mawakana. That’s double the 50,000 weekly paid trips the… Continue reading Waymo says it has doubled its weekly paid robotaxi trips to 100,000 since May
Workiz Ranks Among the Leaders of 2024 on Inc.’s 5000 list
The leading field service management solution reshaping the landscape and accelerating growth and innovation has been made the prestigious list of the fastest-growing companies in America for the third time with a three-year revenue growth of 601% SAN DIEGO, Aug. 20, 2024 /PRNewswire/ — Workiz, the leading field service management and communication software, was recently… Continue reading Workiz Ranks Among the Leaders of 2024 on Inc.’s 5000 list
Waymo is developing a roomier robotaxi with less-expensive tech
Waymo announced their sixth generation self-driving car. Alphabet-owned Waymo revealed details about its newest “generation 6” self-driving technology on Monday. Its new driverless tech, integrated into Geely Zeekr electric vehicles, should be able to handle a wider array of weather conditions without requiring as many costly cameras and sensors on board. The company invited CNBC… Continue reading Waymo is developing a roomier robotaxi with less-expensive tech
Chinese robotaxi firm WeRide eyes US IPO at up to $5b valuationWeRide is aiming to raise $119.4m in the IPO.
China-based autonomous driving startup WeRide said on Friday it was seeking a valuation of as much as $5.02 billion in its initial public offering in the United States. The IPO announcement comes at a time when the Biden administration is expected to propose barring Chinese software in autonomous vehicles in the United States in the coming weeks.… Continue reading Chinese robotaxi firm WeRide eyes US IPO at up to $5b valuationWeRide is aiming to raise $119.4m in the IPO.
US proposes banning Chinese software in autonomous vehicles: Report
The US Commerce Department is slated to put forth banning Chinese software in autonomous and connected vehicles in the next few weeks, persons in the know informed Reuters. The Biden administration is looking at issuing a rule that would forbid Chinese software in vehicles in the United States of America, with Level 3 automation and… Continue reading US proposes banning Chinese software in autonomous vehicles: Report
Driverless vehicles to lift battery swapping
Visitors check out NIO charging piles during an international automobile expo in Changchun, Jilin province, in July. The company aims to build 1,000 battery swapping stations in China in 2023, bringing the total number to 2,300 by this year-end. [Photo provided to China Daily] A boom in autonomous vehicles is expected to usher in fresh… Continue reading Driverless vehicles to lift battery swapping