Taxi operators in Beijing have launched a new ride-hailing service in conjunction with Alibaba that will not challenge the municipal authority’s monopoly on taxi service licensing, reports the South China Morning Post. The partnerships sets an example that could be applied in other cities and potentially undermine private ride-hailing operations like the embattled Didi. The […]
Category: Autos
US-headquartered electric vehicle maker Tesla’s Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, capped by a delivery rush in the end of Q3, despite a global semiconductor shortage, reports Reuters. In August, an official in the area where Tesla’s factory is located said it is expected to produce […]
The Cyberspace Administration of China’s (CAC) cybersecurity review of ride-hailing giant Didi Chuxing shows no sign of ending any time soon, as the widely-followed investigation nears the 60-day mark and the company’s business slows, reports the South China Morning Post. Didi incurred the ire of regulators after it rushed to raise $4.4 billion from its […]
US auto giant General Motors announced that it will invest $300 million in Chinese autonomous driving startup Momenta to develop self-driving technologies for the China market, reports Nikkei. The deal is GM’s first involvement in autonomous driving in the world’s biggest car market. Momenta is among the few companies that hold a permit for gathering […]
Chinese ride-hailing giant Didi Chuxing has denied a Reuters report that its co-founder and president Jean Liu is leaving the company, reports the South China Morning Post. Reuters reported on Monday that, according to two sources familiar with the matter, Liu had told some close associates that she intended to step down and that she […]