A Chinese rival to ridesharing companies like Uber and Lyft may be about to set up shop in North America. According to Reuters’ sources, Didi Chuxing plans to expand its app-based service to Mexico in 2018, the first time the company would be operating outside of China. Didi has said that its goal is to expand outside of China though the company is yet to say where and when such a move would happen. The company says it is keen to capitalize on the millions of Chinese who travel overseas each year and require transport. According to Reuters, Didi managed to raise $5.5 billion in April to...
NEVS starts production of electric 9-3s in China
Production of the Saab 9-3 has restarted for the second time, only this time the cars are being built in China, feature electric powertrains, and are to be sold under the NEVS brand. The first NEVS 9-3 rolled off a plant in Tianjin, China on Tuesday, marking an important step in NEVS’s plan...Viknesh Vijayenthiran
NEVS partners with Chinese ride-sharing giant Didi Huaxing, Beijing tech firm
Chinese-backed, Swedish-based NEVS has forged two new alliances as it prepares to start production of electric cars based on former Saab platforms. NEVS’s goal is to become an electric car company and provider of mobility services. One of NEVS’s future mobility services is likely to be...Viknesh Vijayenthiran
Uber sells Chinese operation to rival Didi Chuxing
After a fierce battle for market share in China’s ride-sharing industry over the past year, Uber looks to have finally thrown in the towel. In a deal expected to be formally announced tomorrow, Uber will sell its Chinese arm Uber China to local rival Didi Chuxing. ALSO SEE: Why Ford is making...Viknesh Vijayenthiran