Transportation

While giant Didi is still burning cash, new contenders are turning profitable.

The firm has been exploring new business such as hitch-hiking and battery rental services.

The cash will be put toward manufacturing costs for the company’s first electric car.

India’s online car rental space is heating up due to multiple factors that include a change in car ownership.

Industry watchers say the move shows Tencent’s confidence in the loss-making auto manufacturer.

China’s largest ride-hailing platform is accused of dodging regulation on purpose and its app is at risk of being removed from the marketplace.

It seems that this is not Carsten Breitfeld’s first invitation to steer a Chinese EV startup.

WM’s two co-founders and CFO used to work for Geely.