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
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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
Customers invited to design D90 vehicle
SAIC Maxus launched its first custom D90 Internet SUV on Aug 8. The model is designed and produced in line with the customer to business (C2B) model. SUV D90 received worldwide attention not just for breaking the joint venture brand monopoly in the SUV market but also for offering customers a role in the development,… Continue reading Customers invited to design D90 vehicle
Future Mobility Raises $200 Million In Financing Round At $750 Million Valuation
Chinese electric vehicle manufacturer Future Mobility Corp. has raised a new funding round worth US$200 million from a group of unnamed investment institutions and large enterprises, according to a securities disclosure document. The round values the company, founded in 2016 by two veteran automobile executives from BMW Group and Infiniti China, at US$750 million post-money,… Continue reading Future Mobility Raises $200 Million In Financing Round At $750 Million Valuation
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