Tag: Automobiles
Ford, GM forge stronger ties with chipmakers to counter shortage
The American multinational automobile manufacturers, Ford and General Motors (GM) are leveraging partnerships with semiconductor manufacturers to overcome the chip shortage that’s heavily affecting...
UAE’s EV Lab to debut Drako Motors’ most powerful GT car...
UAE’s first-of-its-kind omnichannel, multi-brand electric vehicle platform, EV Lab has entered into a partnership with American luxury sports car manufacturer, Drako Motors, to offer...
American EV maker Rivian seeks $65bn valuation; Raises IPO price range
American eCommerce giant Amazon-backed electric vehicle (EV) startup, Rivian Automotive has raised the expected initial public offering (IPO) price of its shares, as the...
Dubai-based automotive data platform AlgoDriven raises $2mn in Series A funding
Dubai-based leading automotive data platform AlgoDriven has raised $2 million in a Series A funding round to expand its services into new regions and...
CARS24 to pour $100mn for expanding operations in UAE & GCC...
One of the leading eCommerce platforms for pre-owned vehicles, CARS24 has revealed its plans to invest nearly $100 million in the UAE and wider...
Chinese automaker Geely’s founder steps into smartphone manufacturing
Chinese multinational automotive company, Geely’s founder Mr. Eric Li, has launched a new company ‘Hubei Xingji Shidai Technology Co Ltd’ dedicated to manufacturing smartphones.
The...
CARS24 raises $340mn to expand its businesses in multiple markets
CARS24, one of the world's leading eCommerce platforms for pre-owned cars, has raised $340 million in Series F equity funding, driving the company's valuation...
Saudi PIF-backed Lucid to begin electric car production in Kingdom from...
American electric vehicle manufacturer Lucid Group has revealed its plans to begin the production of electric cars in Saudi Arabia in 2024.
According to the...
