Oct 04, 2018 6:21 PM WST
Troubled electric automaker Faraday Future (FF) appears to be making progress on its plans to deliver its first luxury electric vehicle. The company held an event today to celebrate the completion of the first pre-production model of its planned FF91 flagship.
Sep 28, 2018 12:29 PM WST
Geely reported a 54 percent jump in net income for the six months through June. The company said in a filing Wednesday that its vehicle sales this year will beat its target of 1.58 million units. During this time, Geely overtook Japanese automakers Nissan, Honda and Toyota. The Hangzhou-based company is China’s number one private automaker after Great Wall Motors.
Sep 20, 2018 12:16 PM WST
Autonomic, a wholly owned subsidiary of Ford Smart Mobility LLC, and Alibaba Cloud, the cloud computing arm of Alibaba Group, have signed a Memorandum of Understanding (MOU) to bring to China the Transportation Mobility Cloud (TMC), a standard transportation and mobility solution for connected vehicles developed by Autonomic.
Sep 15, 2018 5:32 PM WST
On Wednesday, New York became the first major American city to limit the number of for-hire drivers. The city council voted to halt new vehicle licenses for ride-hailing services and establish minimum pay rules for drivers. New York will cap the growth of the services for one year, while the city studies the booming ride-hailing industry.
Sep 12, 2018 4:26 PM WST
Didi Chuxing Technology, China’s largest ride-hailing service, said on Monday it will invest $1 billion in its auto services business as the company ramps up to a widely anticipated initial public offering (IPO).
Sep 06, 2018 6:31 PM WST
German automaker BMW continues to expand its production network in Europe, with a new facility to be built in Hungary, close to the town of Debrecen. BMw will invest around €1 billion in the new plant, which will be able to churn out about 150,000 BMW’s a year.
Aug 29, 2018 1:34 PM WST
Niu calls its product “the World’s #1 Smart Electric Scooter” and says its goal is to bring to the consumer a high-quality e-vehicle at an affordable price.
Jul 27, 2018 6:47 PM WST
Hyundai Motor Co. and Volkswagen AG’s Audi unit plan to partner on vehicle development and share patent licenses to “lead industry standards” on fuel cells, Hyundai said in a statement on Wednesday.
Jul 25, 2018 4:00 PM WST
In order to jumpstart the company's development of autonomous driving technology, General Motors purchased San Francisco-based autonomous driving startup Cruise Automation in 2016 for nearly $1 billion. Now, GM is exploring its options, including an IPO, for the self-driving arm.
Jul 20, 2018 1:59 PM WST
Toyota is investing $1 billion in Singapore’s Grab Holdings Inc., valuing the Southeast Asia’s largest ride-hailing service at just over $10 billion.