Urban Mobility
Government withdraws electric vehicle tax break No more electric vehicle tax break, which started in April had a dramatic effect on sales of Tesla cars in the city of Hong Kong, according to Business Insider. How Many Units Sold? The WSJ reported a sales surge just before the April 1 rule change, with 2,939 Tesla vehicles registered in March and nearly 3,700
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The recent introduction of 100 electric taxis in Singapore, forming the biggest electric-taxi fleet in Asia represents the largest investment of its kind by a Chinese electric car manufacturer BYD, a Warren Buffett’s Berkshire Hathaway backed company. Read BYD Launches Biggest Electric Taxi Fleet in Southeast Asia This is not the first venture invested by BYD to introduce electric taxis or sustainable
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A global transportation survey conducted by Dalia Research, 14% of Chinese have used a bike-sharing services in the last year compared to the global average of 8%. The percent is even higher in Hong Kong at 21%. China also boasts the highest share of electric bike users (13% have used an electric bike in the past month compared to a global average
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HONG KONG–(BUSINESS WIRE)–Lalamove, a Hong Kong based on-demand delivery company, completed its Series B Financing round, raising USD 30 million. The Series B Financing round was led by Xianghe Capital, a Beijing VC firm founded by former Head of Baidu M&A, Mr Hesong Tang, with participation from Blackhole Capital and existing shareholders MindWorks Ventures and Crystal Stream. The investment round
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HONG KONG, CHINA–(Marketwired – Sep 20, 2016) – Arrow Electronics, Inc., (NYSE: ARW) the global technology company providing products and services that guide innovation forward, today announced it provided technology framework and guidance to support the development of Hong Kong’s first concept electric vehicle (EV) through the EVTech Makerthon project organized by the Hong Kong Science and Technology Park Corporation
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InsureMyTesla plan unique features. If a totaled vehicle is less than 36 months old, insured owners would get a new vehicle of the same model and series. Tesla Home Wall connector damage is covered. Owners can choose any authorized Tesla repair facility for fix damaged vehicles. The car is also insured for any driver. Tesla has now entered the car
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The number of private electric cars in Hong Kong has been growing rapidly. From just 1,714 in April 2015, the figure has grown to 4,830 within a year – driven by improved recharging infrastructure, better choice and exemption from the first registration tax. Between January and May, over 1,100 Teslas were sold, accounting for more than 95 per cent of
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Lalamove, one of a number of companies offering logistics on-demand in China and across Asia, has closed $10 million in funding as it targets profitability this year. The round was led by existing investor MindWorks with other existing investors, including China’s Crystal Stream (China), AppWorks (Taiwan), Aria Group (Hong Kong), taking part. In addition, Asia Plus from Thailand, where Lalamove
Read moreOf the 4,899 electric-vehicle plates registered here as of April, over 80% are associated with the California-based company, according to Bloomberg Intelligence. The number has more than quadrupled from just 1,160 two years ago, when the company started delivering its Model S luxury sedans in the city. “Hong Kong meets a lot of the criteria,” said Steve Man, Bloomberg Intelligence’s
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