Automotive Archives

China’s electric scooter startup Niu said to plan $300 million IPO

Niu, the Chinese startup that sells smart electric scooters with presence in 27 nations, is seeking public offering of stocks that could raise about $300 ...

CATL will receive $420 million from BMW Brilliance.

BMW Brilliance Automotive Ltd. intends to source 2.8 billion Yuan ($420 million) worth of battery cells from the Chinese battery producer, Contemporary Amperex Technology Ltd. (CATL) throughout the ...

Aston Martin V8 Cygnet unleashed at Goodwood with 430bhp

Aston Martin will arrive at the 2018 Goodwood Festival of Speed with not one, but two all-new cars set to take on the famous hillclimb. ...

Uber acquires dockless bike-share startup Jump

Uber acquires a bike-share company. The ride-hailing company Uber announced that it will acquire Jump, the New York City-based e-bike startup that has been working ...

Renaults and Nissan under discussion of renewing their merger proposal

French automobile manufacturer, Renaults and Japanese motor company, Nissan are considering a merger that will consolidate their previous alliance under a single head. Currently, Renault ...

Key Safety closes on $1.6 billion deal to acquire Takata

Takata Corp., the Japanese air bag maker company’s acquisition by the U.S. mobility safety company Key Safety Systems has been completed. Key Safety won a ...

Uber Self-Driving Car unable to detect Pedestrians

Uber self-driving vehicle has struck and killed a woman crossing the street in Tempe, Arizona. The crash appears to be the first time, by a ...

Kakao Mobility acquires Luxi for $23.18 million

Kakao, a Korean company, which operates various in various sectors like community, entertainment, fashion, finance, transportation, videogames etc, acquires a start-up carpool app Luxi for ...

Chinese electric vehicle startup company NIO hires eight renowned banks for around $2 Billion U.S. IPO

Chinese global start-up company NIO, which specializes in designing and developing high-performance, premium electric and autonomous vehicles has hired eight international banks for planning U.S ...

Tesla’s Amazon Cloud Account hit by Crypto-mining Hackers

An unidentified hacker or hackers hijacked Tesla’s Amazon Cloud account that had no password. Tesla, an automotive manufacturing company, technically advanced, got hit by hacker ...

Ford to Invest $11 Billion By 2022 to develop more Electrified Vehicles

It is reported that Ford Motor Co will considerably increase its planned investments in electric vehicles to $11 billion by 2022. Furthermore, the company has ...

Uber announces it has joined forces with BBM Messenger

In an announcement on Monday, Uber Technologies has announced that it has joined forces with BBM Messenger. This partnership will allow users all over the ...

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