Panasonic to Start Mass Production of Electronic Rear-view Mirrors, the First Product Jointly Developed with Ficosa

Osaka, Japan – Panasonic Corporation announced today that it will start mass-production of electronic rear-view mirrors in September 2017, the first product jointly developed with Ficosa International S.A., a tier-one supplier of automotive parts and systems in Spain. In June 2015, Panasonic invested in the Barcelona-based company, which supplies automotive mirrors to a wide variety… Continue reading Panasonic to Start Mass Production of Electronic Rear-view Mirrors, the First Product Jointly Developed with Ficosa

Chinese Bike Rental Firm Youon’s Subsidiary Raises $123M From Ant Financial And Others

Chinese bike rental company Youon Bike said one of its subsidiaries has agreed to raise RMB810 million (US$123 million) from eight investors including a unit of Ant Financial. The proceeds will be used to finance its wholly-owned subsidiary Jiangsu Yonganxing Low Carbon Technology Co. to further expand in the GPS-powered station-less bike sharing operations, according… Continue reading Chinese Bike Rental Firm Youon’s Subsidiary Raises $123M From Ant Financial And Others

Chinese Bike Sharing Firm Ofo Partners With SoftBank C&S To Expand Into Japan

Chinese bike sharing company ofo and Japan’s SoftBank Commerce & Services Corp. have reached a basic agreement to collaborate on the deployment of ofo’s global bike sharing business in Japan. It is unclear if SoftBank Commerce & Services Corp., a unit owned by Brightstar, which is part of a family of companies within Softbank Group,… Continue reading Chinese Bike Sharing Firm Ofo Partners With SoftBank C&S To Expand Into Japan

Chinese Bike Sharing Firms Youon and Hellobike Merge to Compete Against Industry Giants

Chinese bike rental firm Youon Bike which is listed on the Shanghai Stock Exchange, has agreed to merge with rival Hellobike in order to better compete against industry giants ofo and Mobike. No financial details were disclosed in a company announcement. It marks the first merger deal in China’s hyper-competitive bike sharing industry. This June,… Continue reading Chinese Bike Sharing Firms Youon and Hellobike Merge to Compete Against Industry Giants

Bringing Fairer Ride-hailing to London

I started Taxify 4 years ago with a vision for a better ride-hailing platform, one that would treat both drivers and riders fairly. I felt very strongly that an uncompetitive ride-hailing industry leads to the mistreatment of drivers, who are barely earning the minimum wage, and substandard service for passengers. This has been my mission,… Continue reading Bringing Fairer Ride-hailing to London

Wed 06 Sep 2017 Detroit Electric outlines plans for new pure electric sports car, crossover and saloon UK-based electric vehicle startup, Detroit Elec…

Detroit Electric shares outline sketches of three future models to be unveiled over the next three years EV manufacturer is recruiting 150 – 200 engineers to support ambitious EV development programmes Staffing drive is enabled by US$1.8 billion dollar joint venture deal Millbrook, UK, 6 September – UK-based electric vehicle start-up, Detroit Electric, today presents… Continue reading Wed 06 Sep 2017 Detroit Electric outlines plans for new pure electric sports car, crossover and saloon UK-based electric vehicle startup, Detroit Elec…

Marketing boss Müller changes to Douglas

Next change in the board of the car manufacturer: Opel Marketing Director Tina Müller leaves the company and is head of the perfume chain Douglas. Three months ago, boss Neumann resigned. Tina Müller (archive picture) Tuesday, 26.09.2017 09:42 clock After boss Karl-Thomas Neumann leaves with marketing director Tina Mueller another top executive the automaker Opel,… Continue reading Marketing boss Müller changes to Douglas

Wed 30 Aug 2017 Detroit Electric to reveal future model development plans at LCV2017UK-based electric vehicle start-up, Detroit Electric, will outlin…

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…

Chinese Bike Sharing Firm Ofo Launches In U.S. With Seattle Debut

Chinese bike sharing firm ofo rode into North America yesterday with a debut in Seattle, as the company expands globally in tight competition with rival Mobike. The US$2 billion start-up said it received a permit from the Seattle Department of Transportation to deploy 1,000 bikes on the city’s streets in August as part of a… Continue reading Chinese Bike Sharing Firm Ofo Launches In U.S. With Seattle Debut

 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