hyperdrive - CybAI news

19 Aug

Uber-Backed E-Scooter Startup Lime Enters Japan After Korea Exit

stp2y0 CommentsRAG modelsAIRBNB INC-CLASS A, business, cities, Government, hyperdrive, japan, LIME SARL, LUUP KK, regulation, startups, Technology, Tokyo, UBER TECHNOLOGIES INC

Uber Technologies Inc.-backed Lime is entering Japan’s growing e-scooter ride market in a foray that pits the San Francisco-based startup against homegrown Luup KK.Lime, which has a global fleet of around 200,000 e-bikes and scooters, on Monday launched its service in some of Tokyo’s most densely populated neighborhoods of Shibuya, Shinjuku, Meguro and Setagaya wards. Lime now has around 200 electric scooters and more than 40 recharging ports. Tokyo-based Luup, which controls more than 90% of the domestic market in terms of ride mileage, operates 9,100 ports. Source link lol

13 Aug

Mercedes, BMW Reveal Battery Makers Amid Fire Fears in Korea

stp2y0 CommentsRAG modelsBAYERISCHE MOTOREN WERKE AG, BLOOMBERGNEF, business, china, Government, hyperdrive, HYUNDAI MOTOR CO, Incheon, industries, KIA CORP, Markets, media, MERCEDES-BENZ GROUP AG, South Korea, Technology

The South Korean units of Mercedes-Benz Group AG and BMW AG disclosed the names of the companies that supply their electric-vehicle batteries for the first time after an EV explosion in the country prompted a nationwide safety investigation. The German carmakers revealed the battery suppliers for their EV models Tuesday on their websites, after Hyundai Motor Co. and Kia Corp. shared the names of their battery makers in recent days. At a meeting Tuesday, the government said it planned to advise all EV makers to voluntarily disclose the names of battery suppliers, and offer free inspections to owners. Source link…

09 Aug

WeRide Is Said to Seek Up to $400 Million in US IPO, Placement

stp2y0 CommentsRAG modelsAutonomous Vehicle, Beijing, business, china, hyperdrive, IPOs, Markets, regulation, RENAULT NISSAN MITSUBISHI AL, stocks, Technology, US Securities and Exchange Commission, venture capital, WERIDE INC

China’s WeRide Inc. is seeking as much as $400 million in a US initial public offering and concurrent private placement, people familiar with the matter said. The Guangzhou-based autonomous vehicle company, which was granted approval last year by the Chinese securities regulator for a US listing, is seeking about $100 million in the IPO and around $200 million to $300 million in the placement, the people said. Source link lol

06 Aug

Arcadium Lithium Pauses Expansion Plans on Prices, Supply Glut

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Arcadium Lithium Plc will suspend or delay two of its four expansion projects as the global market for the battery metal faces a supply glut and prolonged price slump.The lithium producer plans to pause investment in its Galaxy project in Canada and is exploring the possibility of bringing in a partner for the project, Arcadium said in its second-quarter earnings release on Tuesday. Source link lol

06 Aug

Xpeng Aeroht Raises $150 Million for Production of Flying Cars

stp2y0 CommentsRAG modelsAsia, Automotive, Beijing, business, china, cities, Emerging Markets, Guangzhou, hyperdrive, infrastructure, Megacity, Technology, transportation

Xpeng Aeroht, a unit of Chinese electric carmaker Xpeng Inc., raised $150 million to fund the development and production of a proposed flying car in Guangzhou.In a statement Monday, the company said it has also started the next round of funding as it prepares to build manufacturing facilities in the Chinese city. Source link lol