Posts filtered by tags: Asia[x]


China’s Tesla wannabe Xpeng starts ride-hailing service

There’re a lot of synergies between electric vehicles and ride-hailing. Drivers are able to save more steering an EV compared to a gas vehicle. Environmentally conscious consumers will choose to hire an electric car. And EVs are designed with better compatibility with autonomous driving, which is expected to hit the public road in the coming decades. Indeed, Tesla is eyeing to launch its first robotaxis in 2020 as part of a broader ride-sharing scheme. Over in China where Tesla has a few disc...
Tags: Transportation, Asia, Hong Kong, Elon Musk, New York, China, Cars, Tech, Tesla, Beijing, Automotive, Alibaba, Transport, Electric Car, Carsharing, Foxconn

QOTD: Graceful Nineties Aging From Asia?

The past couple of Wednesday editions of Question of the Day have been full-on Nineties design in their subject matter. First, we considered American marques, before moving on last week to the European set. This week we’ll do it once more, talking about Asian car designs from the Nineties that still hold up today. Break […] The post QOTD: Graceful Nineties Aging From Asia? appeared first on The Truth About Cars.
Tags: Asia, Autos

AutoSens Detroit 2019 Begins This Week With Major Announcement

AutoSens, a leading and influential global summit on autonomous driving, is returning to Detroit. Technical sessions and presentations from from Microsoft, Sony, General Motors, and MIT are planned. AutoSens takes aim at the biggest challenges facing autonomous driving by encouraging collaboration.  As AutoSens Detroit 2019 begins, conference organizers say they are now expanding to a third location. The Michigan Science Center will host AutoSens Detroit 2019 as the global conference on autono...
Tags: Asia, Hong Kong, Europe, Microsoft, Events, Mit, Autos, Brussels, North America, Detroit, TomTom, Motor City, Detroit Michigan, Wayne State University, Robert Bosch, Stead

Uber begins trialing e-bikes and bicycles rides in India

Uber has partnered with bicycle sharing platform Yulu in India as it looks to grab a piece of the growing e-bikes market that is increasingly posing a challenge to taxi services in the nation. The San Francisco-headquartered firm, which is expected to go public later this week, said it will provide its users in Bengaluru with Yulu’s e-bikes and bicycles as part of a pilot. The announcement, financial details of which were not disclosed, comes days after users in Bengaluru began to spot Yulu’s...
Tags: Travel, Startups, Transportation, Uber, Asia, Southeast Asia, India, Softbank, San Francisco, Automotive, Uber India, Flipkart, Hyderabad, Bengaluru, Amit Gupta, Inmobi

Zotye Confirms T600 As Brand’s First U.S. Market Model

At this point, it feels that every Chinese automaker has delivered an unrealistic promise of bringing fresh product into the United States within a couple of years. Last November, Zotye, Ford’s partner in Asia with a penchant for producing copycat models of European cars, announced plans to bring something over in 2020. The firm now claims that […] The post Zotye Confirms T600 As Brand’s First U.S. Market Model appeared first on The Truth About Cars.
Tags: Asia, China, United States, Ford, Autos, Automotive Industry, Zotye Auto, Market Strategy, News Blog, Zotye, Chinese brands, Duke Hale, HAAH Automotive Holdings, Market Planning

Sony launches a taxi-hailing app to rival Uber in Tokyo

Sony last year announced it would enter Japan’s taxi-hailing space and, good to its word, the electronics giant has kicked off its S.Ride service in Tokyo. The service — which was first noted by CNET — is a joint venture between Sony, its payment services subsidiary and five licensed taxi companies. Since ride-hailing with civilian cars is illegal in Japan, the service will focus on connecting licensed taxis with passengers. The electronics giant previously played up its use of AI to match suppl...
Tags: Startups, Lyft, Uber, Asia, Japan, China, Softbank, Spokesperson, Artificial Intelligence, Automotive, Transport, Sony, Tokyo, Commuting, Toyota, Rakuten

Dutch chipmaker NXP makes China push by backing radar company Hawkeye

Dutch chipmaker NXP Semiconductors has come a long way since Qualcomm’s outsize $44 billion to acquire it fell through last year. In an announcement released on Tuesday, NXP said it’s agreed to back and partner with Hawkeye Technology, a Chinese company specializing in automotive radars, as part of an ambition to capture the rapid growth of sensor-powered vehicles in China. Financial terms of the investment were undisclosed, but the tie-up will see Hawkeye providing a suite of technical know-...
Tags: Transportation, Asia, China, Tech, Automotive, Alibaba, Radar, Qualcomm, Semiconductor, Hawkeye, Autonomous Driving, Nanjing, Shi, NXP, Southeast University, NXP Semiconductors

Alibaba will let you find restaurants and order food with voice in a car

Competition in the Chinese internet has for years been about who controls your mobile apps. These days, giants are increasingly turning to offline scenarios, including what’s going on behind the dashboard in your car. On Tuesday, Alibaba announced at the annual Shanghai Auto Show that it’s developing apps for connected cars that will let drivers find restaurants, queue up and make reservations at restaurants, order food and eventually complete a plethora of other tasks using voice, motion or tou...
Tags: Apple, Android, Startups, Transportation, Asia, China, Beijing, Automotive, Shanghai, Alibaba, Tencent, Alipay, Alibaba Group, Baidu, Operating System, Operating Systems

Backer of, Grindr and Opera to invest $50M in self-driving startup

A games publisher in China is following the path of its larger peer Tencent to back a wide spectrum of startups for financial gains. Beijing Kunlun Wanwei, or Kunlun, announced in a filing this week that it plans to inject $50 million into autonomous driving startup in exchange for a 3 percent stake. confirmed the investment with TechCrunch in an email response, adding that the money contributes to its pre-B round of financing. The startup last pocketed $102 million that value...
Tags: Asia, China, Funding, Tech, Artificial Intelligence, Beijing, Automotive, United States, Shanghai, Tencent, Autonomous Vehicles, Baidu, Leader, Grindr, Web Browser, NetEase

Uber has already made billions from its exits in China, Russia and Southeast Asia

Uber’s exits from China, Russia and Southeast Asia were billed as failures from the company, but the ride-sharing giant has already made billions on paper from those moves, according to its IPO filing. Uber released its much-anticipated S1 on Thursday U.S. time and reporters and analysts are frantically digging into a treasure trove of previously-unreleased details. A number of sections on Uber’s global divestitures begin to paint a clear picture of the strategy that Uber employed when leaving ...
Tags: Google, TC, Uber, Asia, Indonesia, Mexico, China, Russia, Southeast Asia, Softbank, Tech, Automotive, Middle East, Tencent, Brazil, Yandex

Exotogg Thermal Vest Review: Full of Hot Air Or Full Of Promise?

Where Did This Come From? The United Kingdom, but there’s a lot more to this story. Exotogg designer, Tony Hawkins (right), accepting the OIA Award for Best Clothing 2019 I don’t recall how I first heard about the Exotogg, but it was nearly 2 years ago I first got in contact via email with its designer Tony Hawkins. It was in the final stages of development at that time and I found the idea of a thermal vest that didn’t use any electricity or insulation other than air intriguing. I asked T...
Tags: Asia, Canada, Alaska, Motorcycles, United Kingdom, Nudown, Mongolia, Rockies, Greg, Tony, Celsius, Tuk, Alberta Canada, Dalton Highway, Golden British Columbia, Joe Rocket Canada Ballistic

2020 Chevrolet Trailblazer and Tracker Prepare for Shanghai

General Motors plans on giving attendees of Auto Shanghai a crossover-themed enema later this month. Buick will introduce the second-generation Encore, as well as its larger GX variant, while Chevrolet focuses on the 2020 Trailblazer and Tracker. While both models have vanished in the United States, replaced with the more tersely named Traverse and Trax, the […] The post 2020 Chevrolet Trailblazer and Tracker Prepare for Shanghai appeared first on The Truth About Cars.
Tags: Asia, General Motors, United States, Shanghai, Autos, Chevy, Chevrolet, Tracker, Buick, Trax, Chevrolet TrailBlazer, Encore, News Blog, Shanghai Auto Show, Trailblazer, Auto Shanghai

Uber acquires Careem for $3.1 billion to dominate ride-hailing in the Middle East

Uber has acquired Careem, a major player in the ride-hailing space across the Middle East, for $3.1 billion in cash and convertible notes. The latter will continue to operate as an independent company. The news comes after weeks of rumors about the deal. It’ll see Uber gain a stake in 14 countries where Careem operates with more than 30 million users and 1 million drivers. That includes Saudi Arabia, the United Arab Emirates, Iraq, Qatar, Bahrain, Lebanon, Pakistan, Kuwait, Egypt, Morocco, Jorda...
Tags: Startups, Uber, Asia, Saudi Arabia, Cars, Turkey, Middle East, Careem

Drivezy, India’s vehicle sharing startup, is raising $100M+ at a $400M valuation, eyes US expansion

Drivezy — the startup out of India that wants to turn private car usage on its head through a car-sharing network where people lend their cars and two-wheeled vehicles but also have options to use vehicles from a fleet managed by Drivezy — said it is raising more money as it gears up for the next stage of its expansion, including a launch in the US in coming weeks. The company is in the process of raising $100 million in equity funding, plus another $400 million in asset financing, with the l...
Tags: Google, TC, Ecommerce, Asia, Japan, China, Southeast Asia, Singapore, Collaborative Consumption, India, Funding, Cars, US, Tech, Automotive, Silicon Valley

Tesla’s new Supercharger slashes charging times

Tesla is rolling out a third generation Supercharger that is designed to dramatically cut charging times for its electric vehicles as it seeks to keep its edge over new competitors. The V3 Supercharger, which was unveiled Wednesday at the company’s Fremont, California factory, supports a peak rate of up 250 kilowatts on the long range version of the Model 3. At this rate, the V3 can add up to 75 miles of range in 5 minutes, Tesla said. Improvements to charging times are critical for the compa...
Tags: Transportation, Asia, Europe, Cars, Tech, Tesla, Automotive, Asia Pacific, Electric Vehicles, North America, Tesla Model S, Charging Stations, FREMONT, North America Europe, Fremont California

Pininfarina’s $2 million electric ‘Battista’ hypercar is faster than a Formula 1 race car

Automobili Pininfarina, the automaker brand infused with Pininfarina design house DNA and owned by India’s Mahindra Group, revealed its first production car this week at the Geneva International Motor Show. And it’s an audacious inaugural effort. The Pininfarina Battista — a nod to design house founder Battista ‘Pinin’ Farina — is an all-electric beast of a hypercar that is faster than a current Formula 1 race car and can travel from 0 to 62 miles an hour in under two seconds. Automobili Pininfa...
Tags: Transportation, Asia, India, Tech, Automotive, Porsche, Ferrari, Geneva, Pininfarina, Pirelli, North America Europe, Turin Italy, Mahindra, Mahindra Group, Battista, Geneva International Motor Show

India’s Ola spins out a dedicated EV business — and it just raised $56M from investors

Ola, Uber’s key rival in India, is doubling down on electric vehicles after it span out a dedicated business, which has pulled in $56 million in early funding. The unit is named Ola Electric Mobility and it is described as being an independent business that’s backed by Ola. TechCrunch understands Ola provided founding capital, and it has now been joined by a series of investors who have pumped Rs. 400 crore ($56 million) into Ola Electric. Notably, those backers include Tiger Global and Matri...
Tags: Fundings & Exits, Electric Vehicle, Uber, Asia, Collaborative Consumption, India, Softbank, Funding, Tech, Companies, Automotive, United States, Transport, Tencent, Bmw, Tiger Global

Transportation Weekly: Tesla astroturfs, Softbank flexes, BMW and Daimler hookup, What is a Jelbi?

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. This is the third edition of our tome, I mean newsletter, and this week let’s settle in for a mind meld on why logistics is the new Hansel, a curious Tesla subsidiary, and discover a new mobility species called the Jelbi. Never heard of TechCrunch’s Transportation Weekly? Catch up here and here. As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkoros...
Tags: Apple, Google, Amazon, Transportation, Asia, Elon Musk, Berlin, Softbank, Los Angeles, San Francisco, Tech, Tesla, Canada, Automotive, Geneva, Bmw

Alibaba hits the gas on mobility as its bike sharing service adds carpooling

Carpooling is heralded to be environmentally friendly and money-saving, but in smog-stricken China, the transportation option became a source of public concerns after two female passengers got murdered during their lifts with Didi Chuxing drivers. The ride-hailing app has suspended its Hitch service to this date under government command, and its peers were also directed to step up safety measures for their own offerings. The regulatory crackdown led to a shortage of cheap rides with strangers in...
Tags: Transportation, Messenger, Asia, China, Tech, Automotive, Alibaba, Transport, Tencent, Mobile Payments, Alipay, Alibaba Group, Ant Financial, Online Payments, Jack Ma, Carsharing

Flipkart co-founder Sachin Bansal invests $92M in Ola

The money is starting to flow from India’s largest startup exit. Ola has added a major name to its ongoing financing round after it confirmed that Flipkart co-founder Sachin Bansal has invested 650 crore INR (around $92 million) into the Indian ride-hailing business. The deal rumored in January when, an intelligence service that sifts through company filings in India, noticed that Bansal had committed to investing 150 crore. Today, eight-year-old Ola not only confirmed the pairing...
Tags: Fundings & Exits, TC, Uber, Asia, India, Funding, Entrepreneur, Tech, Walmart, Ceo, Economy, Companies, Automotive, United States, Asia Pacific, Retailers

BeliMobilGue raises $10M for its used-car sales platform in Indonesia

BeliMobilGue, a used car sales platform in Indonesia, has fueled up with a $10 million Series round for the race to dominate the automotive market in Southeast Asia’s largest economy. The company was started in 2017 as a joint venture between Europe’s Frontier Car Group (FCG) and Intudo Ventures, a VC firm focused on Indonesia. BeliMobilGue said today that the capital came from FCG and new investors, which include Tunas Toyota — the authorized dealership for Toyota cars in Indonesia. It’s ...
Tags: Google, Startups, Ecommerce, Asia, Europe, Balderton Capital, Indonesia, Finance, Southeast Asia, Africa, Companies, Automotive, Toyota, Java, Latin America, Partech Ventures

‘This Is Pretty Much It’: New GM President Acknowledges Cadillac’s Last Chance For Glory

Cadillac is at a crossroads. While the brand has enjoyed growth in Asia, domestic volume never fully recovered from the Great Recession. It’s come back a bit, with sales dipping and rising between years, but hasn’t managed to keep pace with the overall market. As of 2018, Cadillac possesses the lowest share of the U.S. market […] The post ‘This Is Pretty Much It’: New GM President Acknowledges Cadillac’s Last Chance For Glory appeared first on The Truth About Cars.
Tags: Asia, General Motors, Corporate Strategy, Electric Vehicles, Gm, Autos, Crossovers, EVs, Platforms, Cadillac, Electrification, Brand Strategy, News Blog, Future Vehicles, Product Planning

Tesla to cut workforce by 7% and focus on Model 3 production

Tesla is cutting 7% of its full-time workforce. The company disclosed the headcount reduction in an update emailed to all employees and also posted to its website. In the email, CEO Elon Musk says the focus must be on delivering “at least the mid-range Model 3 variant in all markets”. He also warns those employees not set to be axed that there are “many companies that can offer a better work-life balance, because they are larger and more mature or in industries that are not so voraciously compet...
Tags: Asia, Europe, Elon Musk, US, Tech, Tesla, Earth, Automotive, North America, Cnbc, Musk, GAAP, Powerwall

Tesla to recall 14,000 Model S cars in China over faulty Takata airbags

China’s top market regulator said on Friday that Tesla will recall a total of 14,123 imported Model S vehicles in the country over potentially deadly airbags. The recall is part of an industry-wide crackdown on Takata-made front passenger airbags, which involves roughly 37 million vehicles including more mainstream brands such as Toyota and Ford, as noted by the United States Department of Transportation. These defective airbags use a propellant that might rupture the airbag and cause serious in...
Tags: Asia, China, Cars, US, Tech, Tesla, Model, Palo Alto, Beijing, Automotive, United States, Airbags, Ford, Shanghai, Transport, Automotive Industry

EVs and online marketplaces thrive despite slump in Chinese car sales

China’s massive auto market hit the brakes last year as trade tensions and a softening economy dampened consumer confidence, but one segment soared on account of increasing internet penetration — used car sales. New passenger car sales fell to 23.7 million last year, representing a 4.1 year-over-year drop according to a new report by China’s Association of Automobile Manufacturers, the country’s top auto association. That marks the very first annual decline in the world’s biggest car market sinc...
Tags: Travel, Asia, China, US, Tesla, Car, Beijing, Automotive, United States, Alibaba, Transport, Tencent, Jaguar Land Rover, Car Sales, Shenzhen, Internet Penetration

Uber’s India rival Ola nears $6 billion valuation ahead of huge funding round

Ola, India’s local rival to Uber, has seen its valuation jump to nearly $6 billion as it prepares to take in a large round of financing. The ride-hailing firm, which was founded in 2010, has raised around $3.3 billion from investors to date, and it topped that up a little this week. Ola pulled in 520 crore (around $75 million) from existing investor Steadview Capital, according to filings provided to TechCrunch by business signals platform The paperwork indicates that Ola’s bu...
Tags: Fundings & Exits, TC, Uber, Asia, Australia, Ipo, Collaborative Consumption, India, Softbank, Funding, Tech, Automotive, New Zealand, Tencent, Foodpanda, Food Delivery

6 Tips To Stay Safe While Touring The World On A Motorcycle

Is the world calling you to travel far distances on a motorcycle? If so, you’re one of many people who can’t imagine seeing the sights any other way. Nothing beats traveling to historical sites with the wind at your back. Plus, it’s cheap. This guy did it for $1.17 a mile. It’s a beautiful adventure to journey across the world on a motorcycle. Whether you ride across America, Africa, Europe, or Asia, you’re going to have a grand time. First, let’s talk safety. 1. Put aside some cash in a travel...
Tags: Travel, Asia, Europe, Australia, US, New Zealand, American Express, Medicare, Mastercard, Travel Blog, Motorcycle, Motel, Mark, America Africa Europe, U S citizens U S Medicare

Harley Davidson reveals more about its push into electric vehicles

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Venture capital, global expansion, blockchain and drones characterize African tech in 2018 Africa Roundup: Terragon’s Asia acquisition, Twiga Foods’ $10M raise, SimbaPay’s China payment service Harley Davidson released new specs for its electric motorcycle and pulled the covers off the conc...
Tags: Column, Asia, California, China, Milwaukee, New York City, Africa, US, Tech, Ceo, Smartphone, United States, Transport, Silicon Valley, Gps, Electric

Tesla breaks ground on Shanghai factory which will produce Model 3 EVs for China

Tesla CEO Elon Musk has confirmed that the company’s first overseas factory in Shanghai will focus on producing Model 3 vehicles for the Chinese market only. Musk is currently in China to break ground on the new factory today, which is being developed in partnership with the Shanghai government — an ally that is likely to be incredibly useful. The deal was announced by Tesla in July and it was followed quickly by the opening of Model 3 pre-orders for China-based customers in November. Initial...
Tags: Asia, Elon Musk, China, Cars, US, Tech, Tesla, Bloomberg, Ceo, Automotive, United States, Shanghai, Transport, Bmw, Infiniti, Hyperloop

Tesla breaks ground on Shanghai factory which will product Model 3 EVs for China

Tesla CEO Elon Musk has confirmed that the company’s first overseas factory in Shanghai will focus on producing Model 3 vehicles for the Chinese market only. Musk is currently in China to break ground on the new factory today, which is being developed in partnership with the Shanghai government — an ally that is likely to be incredibly useful. The deal was announced by Tesla in July and it was followed quickly by the opening of Model 3 pre-orders for China-based customers in November. Initial...
Tags: Asia, Elon Musk, China, Cars, US, Tech, Tesla, Bloomberg, Ceo, Automotive, United States, Shanghai, Transport, Bmw, Infiniti, Hyperloop

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