mobility
- Nov- 2021 -23 NovemberNews
HT Aero, China’s flying car startup raises $500M
Chinese electric-vehicle startup Xpeng introduced a flying car startup HT Aero. It has raised $500 million as part of a new round of funding as it pushes to popularize its technology. The company says it plans to mass-produce by 2024. HT Aero,…
- 22 NovemberNews
Xpeng planning to launch pilot Robotaxi program
Xpeng Motors will launch a pilot robotaxi program in China in the second half of 2022. Robotaxi is an autonomous ride-hailing service. The program is part of the company’s latest efforts to offer full-scenario autonomous driving capabilities by the middle…
- Oct- 2021 -31 OctoberNews
Bosch China estimates auto chip shortage to last through 2022
Head of Bosch China, Chen Yudong said that a global chip shortage will continue to hurt Chinese automakers in 2022. Why is it in focus? The Chinese automakers are hit hard with the ongoing global chip shortage. The country’s auto…
- 15 OctoberNews
Ola Electric raises funds worth $200 million
Ola Electric raises funds over $200 million in a new financing round. It is at a valuation of $3 billion. This figure is up from $1 billion two years ago, as it looks to scale its electric vehicle manufacturing business in…
- 11 OctoberNews
Geely’s Volvo cars filing for IPO
China’s Zhejiang Geely Holding Owns the Swedish carmaker Volvo Cars. It said on Monday that Geely’s Volvo cars is filing for IPO and will list on the Nasdaq Stockholm exchange. This transaction is expected to raise up to $2.9 billion…
- 6 OctoberNews
Deeproute.ai gets $200M investment from Alibaba
Deeproute.ai is a Chinese self-driving car startup. It recently announced that it had raised more than $300 million in a Series B led by Alibaba. The investment is perhaps Alibaba’s most significant move in autonomous driving. Deeproute.ai develops software for…
- Sep- 2021 -21 SeptemberNews
Cao Cao mobility secures $590M in Series B
Cao Cao Mobility is the ride-hailing unit of Chinese private automaker Geely. It announced that it had raised RMB 3.8 billion ($589 million) in a Series B from investors led by a group of state-owned enterprises. The move came two…
- 19 SeptemberNews
Ola Electric in talks to raise at over $2.75B valuation
Ola Electric is in advanced talks to raise between $250 million to $500 million in a new financing round. This comes when the Indian firm looks to scale its electric vehicle manufacturing business in the South Asian market. Details about…
- 6 SeptemberNews
German Automaker’s take on Solar Electric Vehicles
Electric vehicles are becoming more and more popular nowadays. But, Solar Electric Vehicles are in discussion as much. At least not in America yet. Some answers to these questions can be the perennial problem of the weight of solar panels…
- 2 SeptemberNews
Xiaomi acquires self-driving tech startup Deepmotion
Smartphone giant Xiaomi acquires Deepmotion, a Beijing-based startup that develops digital mapping technology for autonomous vehicles. This acquisition is Xiaomi’s latest move to build its own intelligent connected cars. Furthermore, an expansion into China’s auto sector could greatly expand Xiaomi’s…
- Jul- 2021 -26 JulyNews
Didi raises funds worth $4.4 billion
Chinese ride-hailer Didi raises funds worth $4.4 billion. It went public on the New York Stock Exchange in a much anticipated US IPO. Didi is the biggest Chinese IPO in the US since Alibaba’s $25 billion listings in 2014. Details on the deal…
- 7 JulyNews
China bans retired EV batteries usage
China’s top energy policymaker released new regulations that China bans retired EV batteries. It plans to ban large energy storage plants from using used automotive batteries. This rule came following several deadly safety incidents at battery and power plants. What…
- Jun- 2021 -28 JuneNews
Manbang seeks to raise up to $1.6 billion in US IPO
Manbang is the Chinese name of Full Truck Alliance Co. It is an Uber-like trucking startup. It is looking to raise as much as $1.57 billion in an initial public offering. This would make it one of the biggest U.S.…
- 1 JuneNews
BYD to begin delivering EVs in Norway by Q3
BYD announced recently that it will begin delivering its electric crossovers in Norway during the third quarter of this year. This is the latest example of a Chinese electric vehicle (EV) maker pushing into the European auto market. The is…
- May- 2021 -30 MayNews
Mobility Company Ground K Launches ‘T-Rise Up’
Tourism transportation platform company Ground K Co., Ltd will present a solution that will advance the business to the next level by reinforcing the digital capabilities of transport operators. Ground-K has recently launched an integrated operation system ‘T-Rise Up’ for…
- 29 May
ICT company with Manufacturing Based, A&L Corporation
A&L Corporation Co., Ltd. (hereinafter referred to as A&L) received the ‘Minister of Trade, Industry, and Energy’ Award’ in 2019 for contributions to the development of smartphones and advanced technology of parts and was selected as ‘KEA-led IoT Excellent Company’…
- 15 MayNews
Nio eyes Europe with EV deliveries in Norway set for September
The Chinese electric vehicle maker Nio announced that in its first overseas foray, it will start delivering vehicles to buyers in Norway in September and will open a flagship store there in the third quarter. Norway a promising but challenging…
- 8 MayNews
Huawei is selling EVs in stores, may offset sinking phone sales
On Wednesday last week, Huawei began selling Chinese-made electric cars. These cars are equipped with Huawei’s powertrain system and in-car infotainment solution. The company said that this move could offset a drastic decline in its global handset business resulting from US…
- 6 MayNews
BlaBlaCar raises $115m and says next financing could be an IPO
Carpooling and transportation marketplace BlaBlaCar has raised $115m, after coming out of 2020 that has been a year marked by Covid-19 travel restrictions relatively well. BlaBlaCar is a Paris-based company, which was founded in 2006. It became France’s first-ever unicorn in…
