Electric Vehicles

The new label will sell mid-tier EVs that retail for around half the price of Nio’s current vehicles.

The bold strategy to invest in three companies led to explosive growth in Hefei’s jobs, GDP, and return on investment.

Never mind the fact that the company still can’t mass-produce its cars.

With futuristic cockpits and automated driving becoming reality, will manual driving become a thing of the past?

Since the fall in the number of rides last year, the company has been focusing on getting its EV business up and running as soon as possible.

In 2019, Ola had said it would go public by March 2021. However, the pandemic has derailed its plans and it’s currently focusing on building its electric vehicle fleet.

The electric vehicle startup’s listing in Hong Kong follows its USD 1.5 billion New York IPO in August 2020.

China’s desire to tighten control over massive troves of user data poses challenges for the country’s tech players in mapping, ride-hailing, and autonomous driving sectors.