Transportation

The scandal-hit entrepreneur may face criminal charges.

Existing investor Tencent will secure 2.8% of Nio’s ADS for about USD 10 million.

The firm has already added a new channel, called Huoyun, onto the Didi app that will be home to the new cargo shipping service.

The company allows its users to rent vehicles for one week to one year.

Moovaz founder Lee Junxian says that the relocation industry will consolidate after COVID-19.

UCAR would divest its entire equity in CAR Inc. if the deal closes.

The startup, valued at USD 400 million last year, submitted the documents to the SEC in secret, according to sources.

Ehang is the world’s first autonomous aerial vehicle company approved to conduct commercial trials of passenger drones for transporting heavy cargo, it says.