October 28, 2020

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    BAIC, Didi plan car leasing service amid new car sales decline in China

    Chinese automaker BAIC Motor and transportation company Didi Chuxing plan to collaborate with other industry players to lease BAIC’s cars to customers as new car sales have declined. The companies, which have a joint venture to create the next-generation connected-car systems, will collaborate with electric vehicle (EV) battery maker CATL, State Grid, Postal Savings Bank of China and Uxin to build […]

    Changan automobile

    Changan to Mass-Produce ‘Driverless’ Cars Later This Month

    Chinese automaker Changan Automobile stated Tuesday that it will start mass production of a passenger vehicle with “conditional” self-driving capabilities from this month. The Chinese government divides autonomous technology into six levels from 0 to 5, which are same as the standards set by the American Society of Automotive Engineers (SAE). Conditional driving automation describes the Level 3 technology, which […]

    daimler denza ev

    Daimler and Geely are setting up ride-hailing joint venture in China

    Germany’s Daimler is forming a ride-hailing joint venture in China with Geely Group, in an indication the Chinese firm is making progress in its drive for closer relations with the German automaker. Geely Chairman Li Shufu took a 9.69 percent stake in Daimler previously this year, rekindling worries in Germany about its highly-prized expertise entering […]

    Daimler , Geely
    Geely automobile holding

    Daimler eyes joint venture with Geely Holding Group

    German vehicle manufacturer Daimler AG is discussing China’s Geely Holding Group to start a joint venture to offer ride-hailing and car-sharing services in China, Bloomberg reported, mentioning sources. The 50:50 venture is yet to be finalized, and Daimler has strategies to take on industry leader Didi Chuxing on its home turf, Bloomberg reported mentioning people […]

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    Volkswagen in talks to form joint venture with Didi Chuxing

    Volkswagen is in talks to establish a joint venture with China’s Didi Chuxing to manage part of the ride-hailing company’s fleet of vehicles and assist with development of “purpose-built” vehicles for Didi’s services. As part of the deal between Volkswagen and China’s biggest ride-hailing service, anticipated to be signed early next month, the German automaker […]

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    Daimler-BMW joint mobility venture aims to be international player: Daimler CFO

    Daimler and BMW’s new joint mobility services division aims to become an international player through both organic growth and acquisitions, Daimler Chief Financial Officer Bodo Uebber stated. “We want to expand significantly and we are in a position to manage large acquisitions,” Uebber stated. The two leading German luxury automakers revealed strategies on Wednesday to […]

    BMW , Daimler
    Nissan Motor logo

    With Easy Ride trial, Nissan to rival Uber

    Nissan Motor is taking its first steps to becoming an operator of autonomous automobile services, wanting to get into a segment set to be dominated by Uber and other similar companies. While automakers for more than a century have based their business models on specific vehicle ownership, Japan’s No. 2 automaker and its competitors are […]

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    China’s Didi, competitor to Uber, looks to expand into Taiwan market

    China’s Didi Chuxing on Tuesday stated it was seeking to bring its ride-hailing service to Taiwan through a regional franchise partner, possibly marking its first growth throughout waters as it seeks to take on U.S. competing Uber Technologies Inc. Didi Chuxing stated it has authorized franchisee operator LEDI Technology to carry out market research and […]

    Uber Technologies Inc

    Uber Leased Over 1,000 Fautly Hondas to Drivers In Singapore

    Uber is dealing with another scandal, this time for leasing faulty cars to drivers in Singapore– one of which ignited. The company purchased more than 1,000 Honda Vezel crossovers, with the objective of leasing them to drivers, The Wall Street Journal reports. However, the automobiles were acquired after Honda issued a recall for an electrical […]

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    Daimler in talks with Didi Chuxing and others for possible cooperation

    Daimler AG remains in talks with regional Chinese ride-hailing companies consisting of Didi Chuxing to go over possible cooperation deals, board member Hubertus Troska stated. “We are speaking to the leading players consisting of Didi about how we might establish something,” Troska, Daimler’s board member with responsibility for Greater China, informed reporters gathered at the […]

    Uber self driving car images

    Uber lost $1.3 billion during first half of 2016

    Silicon Valley’s a highly valuable startup is struggling to make a profit. Uber lost $1.3 billion in the very first half of the year, as per a Bloomberg report citing unnamed sources privy to a conference call with investors of the privately held ride-hailing service. Uber has raised $16 billion for its quick expansion to […]


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