EV manufacturer will make debut at UK’s leading low carbon vehicle event British-based company will share future model plans Attendance is start of major recruitment strategy for EV engineering talent Staffing drive is enabled by US$1.8 billion dollar joint venture deal Leamington Spa, UK, 30 August 2017 – UK-based electric vehicle start-up, Detroit Electric, will… Continue reading Wed 30 Aug 2017 Detroit Electric to reveal future model development plans at LCV2017UK-based electric vehicle start-up, Detroit Electric, will outlin…
Tag: Strategy
Semi-annual report suggests SAIC Motor development decisions
SAIC Motor Corporation Limited (SAIC Motor) released its semi-annual report on Aug 30, summarizing its performance in the first half of 2017. According to the report, from January to June SAIC Motor sold 31.75 million vehicles, a year-on-year increase of 5.8 percent; domestic market share increased to 23 percent; operating income hit 396.4 billion yuan… Continue reading Semi-annual report suggests SAIC Motor development decisions
My Visit To Mobike Headquarters And What I Learned From Founder Hu Weiwei
In late July, I did a tour of Mobike’s headquarters in Beijing – and I had a fascinating talk with founder Hu Weiwei and VP of International Expansion Chris Martin. It was a fantastic experience and I left with a much better appreciation of the rocket-ship ride the company has been on. I am writing… Continue reading My Visit To Mobike Headquarters And What I Learned From Founder Hu Weiwei
Chinese Ride Sharing Giant Didi Partners With Taxify To Expand In Europe, Africa
China’s largest ride sharing company Didi Chuxing has agreed to form a strategic partnership with Taxify, a leading ride sharing firm in Europe and Africa. No financial details were disclosed. Didi will invest in and collaborate with Taxify to support the latter’s growth and innovation across its markets, according to a company announcement. Launched in… Continue reading Chinese Ride Sharing Giant Didi Partners With Taxify To Expand In Europe, Africa
Taxify partnering with Didi Chuxing
Taxify is happy to announce a strategic partnership with Didi Chuxing, the world’s leading mobile transportation platform. Under this new partnership, DiDi will invest in and collaborate with us to support our further growth and innovation across all markets. We will utilize this partnership to solidify our position in core markets in Europe and Africa. We believe… Continue reading Taxify partnering with Didi Chuxing
FAURECIA : STRONG PERFORMANCE IN THE FIRST HALF OF THE YEAR, WHILE BUILDING MOMENTUM ON STRATEGIC PRIORITIES, UPGRADED GUIDANCE FOR THE FULL YEAR
FAURECIA TAKES MAJORITY SHARE IN CHINESE INFOTAINMENT LEADER JIANGXI COAGENT ELECTRONICS
Nanterre (France), July 19, 2017Faurecia takes majority share in chinese infotainment leader jiangxi coagent ELECTRONICSNanterre, France, July 19 2017 – Faurecia, one of the world’s leading automotive suppliers, announced today that it had taken a majority share in the Chinese company Jiangxi Coagent Electronics for a total investment of 1.45 billion RMB (193 million euros).Jiangxi Coagent… Continue reading FAURECIA TAKES MAJORITY SHARE IN CHINESE INFOTAINMENT LEADER JIANGXI COAGENT ELECTRONICS
Ofo Sets New Fundraising Record After Collecting $700 Million In New Round
What do you do when your closest rival raises a record financing round? Complete a larger fundraising and set a new record, of course. That’s what Beijing-based bike sharing company ofo Inc. just did. A few weeks after competitor Mobike raised US$600 million, ofo announced today that it has raised more than US$700 million led… Continue reading Ofo Sets New Fundraising Record After Collecting $700 Million In New Round
Mobike Starts Selling Raincoats In First Attempt To Monetize Via E-Commerce
Shanghai-based bike sharing company Mobike has begin a trial to monetize its vast network of five million bikes around 100 cities globally by selling raincoats at RMB268 (US$39.5) apiece, in its first major attempt to make money outside of charging users for rides. The company, which has raised nearly US$1 billion this year at a… Continue reading Mobike Starts Selling Raincoats In First Attempt To Monetize Via E-Commerce
Panasonic Completes Acquisition of Additional Shares of Ficosa,a Global Tier 1 Automotive Parts & Systems Supplier
Osaka/Barcelona – Panasonic Corporation (Head office: Kadoma City, Osaka, President: Kazuhiro Tsuga; hereinafter, Panasonic) announced today that it has completed its previously announced acquisition of additional shares in Ficosa International, S.A. (Head office: Barcelona City, Spain, CEO: Javier Pujol; hereinafter, Ficosa), which is a global tier 1 supplier of automotive parts and systems, after the… Continue reading Panasonic Completes Acquisition of Additional Shares of Ficosa,a Global Tier 1 Automotive Parts & Systems Supplier