Chinese bike sharing firm Hellobike has raised a US$350 million series D round from Alibaba Group Holding Ltd’s financial services affiliate Ant Financial, electric vehicle developer WM Motor, Chengwei Capital and bike manufacturer Fujita. It marks the first funding round after the company merged with Shanghai Stock Exchange-listed bike rental firm Youon Bike two months… Continue reading Ant Financial Joins $350M Round In Chinese Bike Sharing Firm Hellobike
Tag: Strategy
Continental and Osram Sign Joint Venture Contract
Joint venture involving around 1,500 employees scheduled to start in the second half of 2018 once the necessary approvals have been obtained Both partners have a stake of 50 percent Sales target in mid-triple-digit-million-euro range CEO from Osram, CFO from Continental Regensburg, Munich, April 03, 2018. The technology companies Continental and Osram have successfully concluded… Continue reading Continental and Osram Sign Joint Venture Contract
Uber’s India rival Ola could add public transport services following latest acquisition
The rumors are true, India’s Uber rival/potential-future-M&A-buddy Ola has acquired transportation startup Ridlr in an undisclosed deal. Mint reported the imminent transaction last week, describing it as a fire sale, and today Ola confirmed the deal. The terms are undisclosed so you can make of that what you will. Founded in 2010, Ridlr operates as a… Continue reading Uber’s India rival Ola could add public transport services following latest acquisition
News Release – Magna Forms Joint Venture in China to Support Growing Composite Liftgate Market
Please click HERE for a PDF version of the release. Deal signed with Guangzhou Automobile Group Co., Ltd. (GAC) subsidiary Enables mass production of composite liftgates for fast-growing market Further expands Magna’s China footprint SHANGHAI, China, April 02, 2018 (GLOBE NEWSWIRE) — As the market for crossovers and sport utility vehicles continues to grow in… Continue reading News Release – Magna Forms Joint Venture in China to Support Growing Composite Liftgate Market
Motherson to acquire Reydel Automotive Group for $201m
Motherson Sumi Systems Ltd (MSSL), the flagship company of the Samvardhana Motherson Group (SMG), through its subsidiary Samvardhana Motherson Automotive Systems Group (SMRP BV), has announced the proposed acquisition of Reydel Automotive Group (Reydel), a privately held portfolio company of Cerberus Capital Management (Cerberus) that manufactures interior components and modules for global automotive customers. The… Continue reading Motherson to acquire Reydel Automotive Group for $201m
Ford and Datang trial C-V2X connected car technology in Shanghai
In support of a growing global connectivity initiative, Ford and Datang have successfully conducted Cellular Vehicle-to-Everything technology (C-V2X) trials in China. C-V2X is a wireless communication technology that has the potential to play a key role in the future of advanced connectivity, and improve automotive safety, automated driving and traffic efficiency around the world. The… Continue reading Ford and Datang trial C-V2X connected car technology in Shanghai
Aston Martin wants to have proprietary electric powertrain
When Andy Palmer took over as the CEO of Aston Martin in October 2014, his main aim was to turn the British marque into one “that can stand on equal terms with Porsche, Ferrari and Bentley.” While he is working on realising part of that aim with a new set of scorchers powered by internal… Continue reading Aston Martin wants to have proprietary electric powertrain
VW Boss Predicts ‘Renaissance’ for Embattled Diesel Cars
Toyota Motor Corp. announced plans to drop diesel models from its European portfolio this year even as Volkswagen AG, which sparked the fury over the technology, predicts a rebound. The diverging views of the world’s two largest automakers reflects the uncertainty over the future of diesel, which has faced a steady drumbeat of bad news… Continue reading VW Boss Predicts ‘Renaissance’ for Embattled Diesel Cars
BYD Expected To Spin-Off Battery Unit
4 M BY MARK KANE BYD – the world’s biggest plug-in car manufacturer – is expected to spin-off its battery and photovoltaic units. BYD battery test Up until now, BYD produced its own lithium-ion battery cells, modules and packs. the automaker will reach 28 GWh of production capacity in 2018. But according to the latest reports,… Continue reading BYD Expected To Spin-Off Battery Unit
Valeo files its 2017 Registration Document
The 2017 Registration Document, available in French and English, includes the Annual Financial Report, the Integrated Report, the Board of Directors’ Management Report, the Board of Directors’ Corporate Governance Report, and the Sustainable Development Report, as well as information on the Company’s share buyback program. The 2017 Registration Document is available to the public in… Continue reading Valeo files its 2017 Registration Document