Alibaba, Tencent and other major names form $1.45B ride-hailing venture

For the last two years, Didi has been the dominant car-hailing force in China and its success has spawned a handful of competitors initiated by both internet firms and old-school carmakers. Just last week, another notable challenger has stepped up. T3, which is short for “top 3”, officially launched after a dozen entities, including three […]

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Polestar unveils its all-electric response to the Tesla Model 3

Volvo’s standalone electric performance brand Polestar introduced Wednesday its first all-electric vehicle — a five-door fastback that is gunning for the Tesla Model 3. In the past few years, every time an electric vehicle — concept, prototype, or production version — has been unveiled, the term “Tesla killer” has been tossed about regardless of whether […]

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BMW’s premium ride-hailing service is now live in China

BMW has joined a handful of automakers to compete with transportation upstart Didi Chuxing, which bought Uber’s Chinese business in 2016. Last Friday, the German luxury carmaker launched a premium ride-hailing service in Chengdu, the capital of China’s Sichuan Province with over 14 million people. The new offer is part of BMW’s ReachNow carsharing brand that kicked […]

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Israeli autonomous technology developer Innoviz is entering China’s car market

Innoviz, a developer of light detection and ranging technologies for computer vision and autonomous vehicles, is getting a toehold in China, the world’s fastest growing auto market, through a partnership with the Chinese automotive supplier HiRain Technologies. From offices in Beijing, Chicago, Detroit, Shanghai, Tianjin HiRain serves as a global supplier to some of China’s […]

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Lynk & Co reveals the 02 crossover SUV and details European rollout plans

Geely’s Lynk & Co is one of the more interesting young automotive brands, with an approach to sales and marketing that more closely resembles modern gadget and lifestyle brand go-to-market strategy than traditional automaker sales. The Lynk & Co 01 SUV, designed to sit somewhere between Geely’s line on one end and Volvo’s vehicles on […]

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Geely becomes Daimler’s largest shareholder with $9 billion stake

 Automaker Daimler has a new largest shareholder – Geely Automotive chairman Li Shufu. The Geely stake, worth an estimated $9 billion, should give the Chinese automotive giant more leverage when trying to work out cross-company tech arrangements with Daimler and its sub brands including Mercedes-Benz. Daimler is already partnered up with a major automotive concern in China… Read More

View More Geely becomes Daimler’s largest shareholder with $9 billion stake

Geely becomes Daimler’s largest shareholder with $9 billion stake

 Automaker Daimler has a new largest shareholder – Geely Automotive chairman Li Shufu. The Geely stake, worth an estimated $9 billion, should give the Chinese automotive giant more leverage when trying to work out cross-company tech arrangements with Daimler and its sub brands including Mercedes-Benz. Daimler is already partnered up with a major automotive concern in China… Read More

View More Geely becomes Daimler’s largest shareholder with $9 billion stake

Lynk & Co. starts selling an SUV with a dedicated car share button in China

 Lynk & Co. aims to be a different kind of car brand, with a focus on a simplified buying experience and a focus on connected an app-powered mobility experiences, and it’s now officially selling its first vehicle via stores in China. The 01 SUV is now available at around 150 dedicated brand stores and boutiques located across China. The 01 comes in four different options, which are… Read More

View More Lynk & Co. starts selling an SUV with a dedicated car share button in China