Archive for the ‘Didi Chuxing’ Category

SoftBank Investment Triggers GM Best Share Gain Ever

Cruise Automation could be floated in IPO.

by on Jun.01, 2018

The Chevy Bolt will be General Motors first fully autonomous car when it brings a self-driver to the market in the future.

Shares of General Motors posted their biggest gain in years, rising nearly 13% Thursday on news that Japanese tech investment fund SoftBank was investing $2.25 billion in GM’s autonomous vehicle development subsidiary, Cruise Automation.

SoftBank’s big investment was one of several major announcements yesterday that underscored the growing interest in self-driving vehicles. Waymo, the spinoff of Google, said it would purchase as many as 62,000 Chrysler Pacific Hybrid minivans for use in its planned self-driving ride-sharing service. Currently in a pilot program, it intends to begin commercial operations in Phoenix later this year and then begin a national rollout.

EV News!

GM plans to launch a similar ride-sharing operation through another subsidiary, Maven, using versions of its all-electric Chevrolet Bolt EV modified by Cruise. Mary Barra, the automaker’s CEO, said GM will look at “other opportunities” for Cruise that could involve alliances with other companies SoftBank has funded, including Uber and China’s Didi Chuxing. (more…)

Uber Rival Didi Chuxing Ready to Test Autonomous Vehicles in California

China-based ride-sharing company making inroads in the U.S.

by on May.15, 2018

Uber's autonomous vehicle testing has been suspended, but rival Didi Chuxing is now testing AVs in California.

Uber has scaled back its autonomous vehicle program after one of its self-driving vehicles killed a pedestrian in Arizona in March.

But one of its major rivals for ride-sharing dollars around the world appears to be charging ahead.

Pushing the Envelope!

Didi Chuxing, the China-based ride-hailing service that bought Uber’s business in China last year, obtained a permit to test autonomous vehicles on public roads in California. Didi is the latest to join the growing list of companies developing self-driving vehicles in the state but perhaps one of the most significant because of the company’s huge presence in China, the world’s largest ride-sharing market, and its potential global reach. (more…)