Honda’s partnership comes months after Japan’s SoftBank Group made its own multibillion-dollar commitment to GM Cruise.
Chinese companies in the past five years have funded at least 80 U.S. transportation startups, with a combined valuation of more than $100 billion, while also pouring billions into established firms such as Tesla.
Didi says it wants to establish “open platforms” whereby it could share its customer and operational skills with automakers or parts suppliers.
Faraday will build a much smaller auto assembly facility than originally planned in North Las Vegas.
Three electric-car startups funded by Chinese billionaire Jia Yueting will display vehicles at the giant CES 2017 trade show in Las Vegas next month, and two former executives told Reuters that one of the companies plans to roll out a dozen models through 2026. The three companies still have not… Read more »
Baidu in April said it had established a self-driving car team in nearby Sunnyvale, California, focusing on development of such enabling technologies as computer vision, robotics and machine learning.
Elon Musk and key institutional investors will probably tighten their control over electric car maker Tesla Motors Inc after it acquires sister company SolarCity Inc, a Reuters analysis shows. Musk, who is chief executive of Tesla and chairman of SolarCity, will remain the largest individual shareholder, boosting his stake from… Read more »
Venture capitalists and corporate investors have poured nearly $28 billion into the ride services sector over the past decade, propelling growth at Lyft, China’s Didi Chuxing Technology Co and Uber Technologies Inc,
Elon Musk’s Tesla Motors has made an offer to acquire solar panel maker SolarCity Corp in an all-stock deal.
Electric car startups fueled by Chinese money aim to catch Tesla.