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Li Auto, a Chinese electric car manufacturing company, is going to raise up to $950 million in an IPO. The funds will be allocated for the company’s research.Despite the growing U.S.-China economic war fueling tensions between the two countries, some companies are defying the situation to tighten their business grip.
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Bloomberg’s annual electric vehicle outlook report has found that combustion vehicle sales peaked in 2017 and that electric vehicle sales will become dominant from 2037. Tesla stock is well-positioned to benefit from this trend, which will be accelerated by the coronavirus pandemic. However, Tesla won’t be the only major
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Porsche has participated in a 5.5 million euros ($5.9 million) funding round for a German startup Gapless — the developer of a blockchain-based vehicle management system.Among other contributors, Gapless saw FinLab EOS VC Fund, a joint venture between Block.one and FinLab, and insurance entrepreneur Kersten Jodexnis, Tech.eu reported on April
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Indian tech startup Smart Sight Innovation — or SSI — has developed an app designed to improve maintenance and inspection of vehicles.SSI built the mobile app for an unnamed American client, which specializes in the development of artificial intelligence, Internet of Things and blockchain platforms, according to an April 27
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Alternet Systems Inc (ALYI), an energy storage, military application, and electric motorcycle firm, has entered into a new partnership to launch a cryptocurrency dedicated to funding electric vehicle projects in Sub-Saharan Africa, according to a March 11 announcement.While Alternet did not name the company it has partnered with, Alternet
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As part of a defamation case in front of the New South Wales, or NSW district court, Judge Judith Gibson allowed cryptocurrency usage as collateral.“This is a recognized form of investment," Gibson said of cryptocurrency, also acknowledging its volatility, according to a brief from the Australian Associated Press.The plaintiff
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Tesla has another case of unintended vehicle acceleration on its hands, this time in the Netherlands. Regulators do not believe that Tesla’s explanation matches the driver’s claim, and a BMW owned affiliate wants a full explanation. Tesla can expect scrutiny from EU regulators as the company threatens German dominance in the region. The
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A blockchain-based identification system is due to be launched in the U.S. markets, whose primary job will be to allow the drivers to pay their parking fees or highway tolls through a digital currency.The project has been undertaken by Mobility Open Blockchain Initiative (MOBI), an international consortium of prominent companies
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