Urban Mobility
India’s Hyderabad-based startup introduce a first ride sharing application ‘getmi’ to get commuters around fast in traffic congested cities using motorbikes. Founded by Shravya Reddy, getmi app offers bike ride sharing services across Hyderabad. The app can be used by those who want to travel from one place to the other on a hired shared bike or who want to earn by
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China has accused more than 20 additional car makers, including Nissan and Hyundai, of breaking rules on green car subsidies, according to a state media report, widening a scandal over a $4.5 billion annual payout program. The ministry said it would revoke the production license of Suzhou Gemsea Coach Manufacturing, while the other four firms would be fined. The companies
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Chinese regulators are penalizing five electric-vehicle manufacturers that “cheated” on a subsidy program to the tune of 489.4 million yuan ($73.4 million) by making false claims about the number of vehicles they made —sometimes collecting money before any were made at all. Suzhou GEMSEA Coach Manufacturing Co. Ltd., the nation’s eighth-largest electric-minibus maker, forged production and sales records for more
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In recent years, the number of bicycles in China’s main cities has gradually decreased as Chinese consumers grew affluent enough to be able to afford cars. The number of bicycles in China is expected to decrease to 350 million in the next three years from 370 million in 2015, according to market research firm Frost & Sullivan. Yet, the introduction
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Foxconn Technology Group, the world’s largest contract manufacturer of electronics, said Thursday that a subsidiary had invested $119.9 million in Chinese ride-hailing company Didi Chuxing Technology Co. Foxconn unit Forteq Holdings Inc. has acquired a 0.36% stake in Didi, the Taiwanese company said in a filing to the Taiwan Stock Exchange. The deal values Didi at about $33 billion, higher
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The BMW Group has once again been named the world’s most sustainable automotive company in the rating published yesterday by RobecoSAM AG for the Dow Jones Sustainability Indexes (DJSI). Sustainability is firmly embedded in the BMW Group’s culture and corporate strategy. In 2001, the BMW Group committed itself to the United Nations Environment Programme, the UN Global Compact and the
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Poland’s e-mobility program, announced by Development Minister Mateusz Morawiecki and Energy Minister Krzysztof Tchorzewski in July envisages one million e-cars on Polish roads within 10 years. In a country of 38 million, Poland wants to encourage cities to develop “green credentials” that it believes would in turn spur bus production to 1,000 a year by 2020, she said. The next
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Mahindra & Mahindra have signed an MOU to enter into a strategic alliance with the country’s largest shared transportation platform, Ola to empower 40,000 driver partners across India by 2018. Through this strategic alliance, they aim overall vehicle sales and financing of over US$ 400 million (Rs. 2,600 crores). Ola’s driver partners can now avail of an integrated and attractive
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Indian ride-hailing firm Ola and the country’s top utility vehicle maker Mahindra and Mahindra are set to announce a joint initiative on Thursday, according to an invitation sent to the media. The move will come close on the heels of a string of tie-ups between online taxi services and automakers, keen to cash in on the rising demand and popularity
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U.S. ride-hailing firm Uber said that the recent deal to fold its China operations into local rival Didi Chuxing would allow it to invest more in India, where it has recorded rapid growth this year, according to a letter to investors obtained by Reuters on Wednesday. Three years after it launched in India, Uber UBER 0.00% says it now operates
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