Etiqueta: Robotaxi

No timeline yet, but drivers beware: Plans include collaboration on autonomous-capable vehicles

Tesla CEO Elon Musk warned that Chinese EV maker BYD needs to change its approach to vehicle autonomy fast to avoid going obsolete.

Uber wants more EVs on its app.

(Bloomberg) -- Uber Technologies Inc. will team up with BYD Co. to put 100,000 electric vehicles onto the ride-hailing company’s platform, in a major deal between American and Chinese businesses that notably excludes the US.Most Read from BloombergKamala Harris Wipes Out Trump’s Swing-State Lead in Election Dead HeatLuxury Heir Alleges His $13 Billion Hermès Fortune Has VanishedIntel to Cut Thousands of Jobs to Reduce Costs, Fund ReboundHamas Says Israel Killed Political Leader With Airstrike in

Uber will team up with BYD to put 100,000 electric vehicles onto the ride-hailing company’s platform, in a major deal between American and Chinese businesses that notably excludes the U.S.

Uber Technologies and Chinese automaker BYD announced a multi-year partnership on Wednesday aimed at bringing 100,000 new electric vehicles to the ride-hailing platform globally. The partnership, starting in Europe and Latin America, will offer drivers accessible pricing and financing for BYD's EVs on the Uber platform and will expand to markets in the Middle East, Canada, Australia and New Zealand, the companies said. High sticker prices for electric vehicles and increased borrowing costs have acted as barriers to EV adoption over the past two years, causing demand for such vehicles to grow at a slower-than-expected pace.

Uber plans to use 100,000 electric BYD cars on its ride-hailing platform, starting in Europe and Latin America, the two companies announced Wednesday.

Warren Buffett is paring down his investment in China’s biggest electric vehicle company. That doesn’t mean he’s about to invest in Tesla. Berkshire Hathaway, the company Buffett controls, reduced