Tag Archives: china

Chinese Ride-Hailing Company Ucar Partners with Online-Ed Startup BitTiger

to Attract Top Self-Driving Car Engineers Alibaba backed Ucar has opened a research outpost in Silicon Valley partnering online education startup BitTiger to develop self-driving vehicle technology. BitTiger will offer deep-learning coding class and run competitions that will offer cash prizes; and the winners will be earmarked as potential candidates for employment in the company. PRNewswire/ — Ucar (神州专车) booked approximately 15%1 of

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Qoros to Showcase its Electric Concept Car at 2016 Guangzhou Auto Show

Today, Qoros Auto announced it will participate in the Guangzhou Auto Show (November 18-27), the Qoros 3 Q•LECTRIQ EV concept car will be showcased at the industry-inspiring event. High performance Qoros 3 Q-LECTRIQ  Benchmarking with leading global EV standards, the Qoros 3 Q-LECTRIQ EV concept will also be exhibited at the Qoros booth, equipped with striking performance parameters. Featuring its extraordinary

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EV Battery Charging & Switching Stations Commences Operation in Beijing

PRNewswire/ — With environmental pollution as a typical issue worldwide, China, now the largest developing country in the world, has introduced several powerful measures to address the challenge of air pollution. The measures include a plan of promoting the use of electric taxis, to reduce exhaust pollution. New energy automaker BAIC BJEV, a subsidiary of Beijing Automotive Group (BAIC Group),a company that ranks

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China’s Mobility & Electric Vehicle Companies Investment Landscape

There has been tremendous financial support flowing into the China innovation scene, especially the rising mobility economy. Gao Feng is helping to shepherd the ideas, help build a disruptive business model  and execute the disruption to fruition. In August, the ride-hailing scene turned on its head. China’s homegrown player, Didi Chuxing, had humbled global giant Uber and won the battle

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JD.com unveils ‘Smart Logistics’ strategy to Last Mile Autonomous Delivery Service

Autonomous robots are once again top priority for the Chinese e-commerce industry. Xiao Jun, head of JD’s X Lab, a business unit dedicated to adopting cutting edge technology in logistics and delivery, told China Daily that the company will soon launch a couple of new hybrid power-driven drones to further implement the company’s “smart logistics” strategy. “The existing 3-axis and 6 rotor drones that [are] being tested in Suqian, Jiangsu province, have helped the company to collect flying data so as to enhance the performance of theupcoming new devices.” “We’ve made certain progress for improving the drones in two perspectives – flying distance and maximum capabilities,” said Xiao. “We’ve been testing gas-powered drones and hybrid drones in some scenarios to replace the existing battery-driven devices as the latter heavily rely on battery lives and reserve obvious limitations due to the current performance of batteries.” He noted that the drone delivery service will specialize in rural areas of the nation where normal ground transportation is not as efficient. Shi Xianliang, vice president of China Society of Logistics and associate dean of the Schoolof Economics and Management of Beijing Jiaotong University, said by following the technologies gradually as they mature and costs reduce, internet companies such as JD and Alibaba have secured the ability to deploy to autonomous regions for commercial usage. However, he said that one of the core issues needing to be solved is the traffic regulations and laws that are associated with drones or autonomous vehicles. He believes that the technologies’ development and improvement will appear ahead of the rule-making progress. JD.com recently joined hands with the university to kick off a robot R&D challenge, aiming to encourage college students to participate in the company’s autonomous services development, including warehouse management, drones and self-driving automotive deliveries. The challenge will eventually be introduced to other universities in Shanghai, Hangzhou, Chengdu, Harbin, Xi’an and Wuhan. ChinaDaily.com

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GM Joins Car-Sharing Fray in China

The investment in Yi Wei Xing may be a signal that the automaker is likely looking to bring its Maven car-sharing brand to China General Motors Corp’s investment in a Chinese car-sharing application developer demonstrates the auto maker’s keen interest in the world’s largest auto and car-sharing market, observers said. GM on Wednesday declined to reveal the size of its investment in Yi Wei Xing (Beijing) Technology Co Ltd, which developed Feezu, a car-rental and car-sharing app that merges hardware and software and enables users to rent vehicles by the minute, hour or day. “It is GM’s first investment in a startup in China related to urban mobility,” a company spokeswoman told Reuters. “This cooperation is very important to our company to explore the ride-sharing market in China.” “Only time will tell if this move is significant, but it shows that GM is paying close attention to the Chinese market,” said Eric Dennis of the Center for Automotive Research in Ann Arbor, Michigan, in an email. The investment and strategic alliance will leverage Yi Wei Xing’s technical offering, and are in line with GM’s drive to explore new car-sharing models, gain insights into China’s rapidly changing car-sharing market and develop a deep understanding of Chinese consumers’ personal mobility needs. The

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Mahindra Eyeing China’s Electric Vehicle Market

According to Arvind Mathew, chief executive officer of Mahindra Reva Electric Vehicles Pvt Ltd, Mahindra and Mahindra Ltd.’s electric car unit is looking for a joint venture partner in China to manufacture and sell EVs. “We are continuously looking at the Chinese market to build up scale,” Mathew said in an interview Thursday, declining to say whether Mahindra Electric is already

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China Ride-Sharing-Hailing Didi Wants a Self-Driving Car Too!

In an interview with Bloomberg, Didi founder and CEO Cheng Wei said he is hunting for data scientists in Silicon Valley to develop a self-driving car. Didi Chuxing bought Uber China in a $35 billion deal over the summer. Cheng added that he’s also been in talks with Gansha Wu, the former director of Intel Labs who also founded UiSee Technology, a Beijing-based self-driving car

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Sequoia, Warburg-Backed ZTO Express Files For US$1.5Billion IPO

China-based logistics company ZTO Express, backed by Sequoia Capital and Warburg Pincus, has filed for a U.S. initial public offering on the New York Stock Exchange, seeking to raise between US$1.5 billion. ZTO Express would be the first Chinese courier service provider to list in the U.S. Founded in 2002, ZTO Express handled 2.95 billion parcels in 2015 which translates to 14.3%

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Didi Expands On-Demand Services to Bicycle-Sharing

Didi Chuxing dominates car-hailing in China, is investing tens of millions of dollars in ofo, a bikes-on-demand startup conceived two years ago on the grounds of Beijing’s prestigious Peking University as a student project, and which now bills itself as the country’s largest bicycle-sharing platform. The company founded by college alumnus Dai Wei operates almost 70,000 bright-yellow bikes and handles half a million

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