NewsDidi to spin off car services unit worth up to $1.5bThe car-hailing giant is hoping to raise up to $1.5 billion for the unit 2 mins read
The news comes a few days after Tesla announced a 500,000-car factory in Shanghai NewsTesla announces new innovation centre in Beijing2 mins read
Malaysia, joins Singapore, looking to investigate into the Grab-Uber deal. NewsMalaysia follows Singapore in review of Grab-Uber merger2 mins read
Post-construction, it can take up to 5 years before Tesla can meet its production goal in China. NewsTesla revs expansion with a new factory in Shanghai targeting 500,000 cars2 mins read
The company is making hefty investments to fuel overseas expansion and is locked up in a subsidy-fueled battle with Meituan-Dianping at home. NewsDidi Chuxing retains drivers’ income probably to relieve financial burden2 mins read
Didi Chuxing has drawn fire from the public after the death of a female passenger allegedly killed by a Didi driver. NewsDidi Chuxing launches in Australia in expansion push, upping rivalry with Uber amidst troubles back home2 mins read
Singapore may be the first country for Grab to kick off its robo-taxi services. NewsGrab in talks with Didi Chuxing for partnerships to get the most out of self-driving cars2 mins read
Byton, formerly known as Future Mobility, was founded in Nanjing in 2016 and is led by former BMW executives. It claims its concept SUV costs 40% cheaper than a Tesla Model X. NewsDeals | Telsa’s Chinese rival Byton raises $500m from China’s oldest automaker FAW and largest EV battery maker CATL2 mins read
Founded in May 2014, Zhijian Shenghuo Pai claims to be China’s largest last mile delivery network company. NewsDeals | SoftBank China-backed logistics startup seeks to make last mile delivery service profitable3 mins read
