The Tencent and GAC Group-backed ride-sharing platform Ruqi Mobility, has conducted a Series A funding round that raised over RMB 1 billion ($152.6 million) to push forward the commercialization of its robotaxi service, reports Nikkei Asia. The funding round was led by existing backer GAC, a traditional automaker that is boosting its presence in autonomous […]
Category: Autos
The world’s largest electric-vehicle battery manufacturer, Contemporary Amperex Technology (CATL), posted a full-year profit that exceeded expectations and has revealed plans to build a new factory in China worth RMB 13 billion ($2 billion), reports Caixin. Net income for 2021 more than doubled to RMB 15.93 billion, the company said late Thursday, beating analyst estimates […]
Pony.ai, one of the world’s leading self-driving technology companies, announced it had acquired a taxi license in China, meaning that the Toyota-backed firm will be able to charge fares in some of its driverless vehicles, reports Reuters. The company said it was the first autonomous driving company in the country to do so. The startup […]
Contemporary Amperex Technology, China’s largest EV battery-maker and a major Tesla supplier, has seen a three-month slide in value that has left it under the RMB 1 trillion ($156.3 billion) mark for the first time in around year, reports the South China Morning Post. Some of the value drop can be attributed to production difficulties […]
Embattled Chinese ride-hailing firm Didi Global’s shareholders are expected to vote to delist in the US at a meeting next month, a move exemplifying the continued effects of Beijing’s regulatory crackdown on the tech sector, reports the South China Morning Post. The firm, which was put under investigation days after its $4.4 billion initial public […]