Chinese electric vehicle maker Aiways will go public via a merger with U.S. special purpose acquisition company Hudson Acquistion Corp in a deal that should value the company around $400 million, the two companies said. The deal is a lifeline for Aiways, which halted production at its Shangrao plant last summer as a fierce EV… Continue reading Chinese EV maker Aiways to go public in US via SPAC mergerAiways is among a group of struggling Chinese EV startups that have suspended operations ami…
Tag: Didi
NEV makers move fast in China leveraging innovation, cooperation
Employees work on the assembly line of a new energy vehicle manufacturer in Chongqing. TANG YI/XINHUA HEFEI — Fierce competition has driven up technological innovation and industrial upgrading in China’s new energy vehicle (NEV) sector, with auto brands revving up investment and seeking cooperation. “I’m dazzled by the new configurations of NEVs, with large touch… Continue reading NEV makers move fast in China leveraging innovation, cooperation
Chinese EV Maker Zeekr Heads for US Listing at Reduced Valuation
(Bloomberg) — When Chinese electric-vehicle maker Zeekr lists in the US on Friday, it will be at a valuation of around $5.2 billion, less than half the $13 billion valuation announced following a funding round early last year. Most Read from Bloomberg The precipitous change in fortunes has surprised even the company’s top management. In… Continue reading Chinese EV Maker Zeekr Heads for US Listing at Reduced Valuation
Mahindra & Mahindra signs MoU with Ministry of Skill Development and Entrepreneurship for Drone Didi Yojana
Mahindra & Mahindra Ltd signed a Memorandum Of Understanding (MoU) with the Ministry of Skill Development and Entrepreneurship (MSDE) to conduct two Pilots under the Drone Didi Yojna. Launched earlier this year, the scheme aims to train 15,000 women to operate drones for agricultural purposes such as fertiliser sowing, crop monitoring and seed sowing, thereby… Continue reading Mahindra & Mahindra signs MoU with Ministry of Skill Development and Entrepreneurship for Drone Didi Yojana
US PE giant Silver Lake raises $20.5b seventh fund—its biggest to dateIts predecessor fund had raised $20b in early 2021.
Silver Lake, the technology-focused private equity (PE) group famed for its successful takeover of Dell, has raised its largest fund to date with the final close on Silver Lake Partners VII at $20.5 billion. As its seventh flagship PE fund, the new vehicle tops the $20 billion that the firm closed for Silver Lake Partners VI… Continue reading US PE giant Silver Lake raises $20.5b seventh fund—its biggest to dateIts predecessor fund had raised $20b in early 2021.
China’s Zeekr prices US IPO at top of range to raise $441mZeekr upsized its IPO to sell 21 million American Depositary Shares at $21 per share.
Chinese electric vehicle maker Zeekr Intelligent Technology priced its U.S. initial public offering (IPO) at the top of its indicated range on Thursday, raising $441 million, a person familiar with the matter said. Zeekr, which is the premium brand of Chinese automaker Geely, upsized its IPO to sell 21 million American Depositary Shares at $21… Continue reading China’s Zeekr prices US IPO at top of range to raise $441mZeekr upsized its IPO to sell 21 million American Depositary Shares at $21 per share.
Why Shares of EV Stocks Nio, Li Auto, and XPeng Are Racing Higher Today
EV stocks are getting a jolt today after two leading companies are steering more directly into a new market. Markets seem poised to end the week on a high note with both the S&P 500 and Dow Jones Industrial Average inching up after a rocky trading session yesterday. But several electric vehicle (EV) stocks are… Continue reading Why Shares of EV Stocks Nio, Li Auto, and XPeng Are Racing Higher Today
Chinese EV start-ups Nio and Xpeng turn to the mass market for growth
Nio Founder and CEO William Li poses outside of the New York Stock Exchange to celebrate his company’s IPO. Photo: NYSE BEIJING — Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly branded cars this year. Nio’s first such mass market car will… Continue reading Chinese EV start-ups Nio and Xpeng turn to the mass market for growth
Cleantechnica: Hype Taxi Using Massive European Grants To Pay For Champagne-Scale Hydrogen Costs 003367
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! In the crazy world of hydrogen for transportation plays, some endeavors stand out. Ballard’s $1.3 billion in losses, $55 million a year since 2000, with no profits ever is one. The $1.2 billion that California received as a hydrogen… Continue reading Cleantechnica: Hype Taxi Using Massive European Grants To Pay For Champagne-Scale Hydrogen Costs 003367
Tesla slashes price of its premium driver assistance option by half in U.S.
Drivers charge their Teslas in Fountain Valley, CA, on Wednesday, March 20, 2024. Jeff Gritchen | Medianews Group | Getty Images Tesla said on Friday that it’s cutting the subscription price of its premium driver assistance system for customers in the U.S. Marketed as its Full Self-Driving, or FSD, package, Tesla customers will now pay… Continue reading Tesla slashes price of its premium driver assistance option by half in U.S.