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Ideanomics’ MEG Group announces delivery of first EV taxi order to Chengdu; Geely to supply 15,000 taxis

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announced that its MEG Group, through its joint venture with iUnicorn, has finalized its first order of EV Taxis for the city of Chengdu. The EV Taxis are supplied by Geely Auto Group and the financing for the vehicles was provided locally by Sichuan Tianfu Bank Co Ltd. Ideanomics Inc. —Alf Poor, CEO of Ideanomics.

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DiDi partners with SoftBank in Japan for platform services for taxi industry, launches open new energy car-sharing platform

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have established a partnership to provide platform services for the taxi industry. The partnership will utilize DiDi’s advanced AI technologies to build ride-hailing platforms to enhance efficiency for both taxi operators and drivers. In 2017, taxi drivers completed 1.1 In 2017, taxi drivers completed 1.1

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Road transport Ministry says preparations under way for plying pod taxis in GIFT City | Autocar Professional

Baua Electric

Union Minister for Road Transport and Highways Nitin Gadkari, addressing the 10th edition of Vibrant Gujarat 2024 Summit with its central theme of ‘Gateway to the Future’, said the ministry has already begun preparing a detailed project report (DPR) to run pod taxis in Gujarat’s upcoming Gift City.

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BluSmart rides out of FY24 with INR 390-crore revenue in the boot – ET Auto

Baua Electric

On April 12, ONDC-backed Namma Yatri, which was focused on auto rickshaws, launched cab services in Bengaluru, where it will charge a daily subscription instead of a commission per ride, which is the model used by Ola and Uber. In December, bike-taxi-focused platform Rapido also expanded into cab services.

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Geely raises $400M via Green Bonds sale to develop and produce TX5 range-extended electric London taxis

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Green bonds—the funds from which are exclusively applied to finance new and existing green infrastructure projects—were developed as a new investment channel in 2007, with the first few issuances by multilateral development banks, and have grown rapidly in the global market. The final order book of more than US$2.3 million (US$25.4

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CoBank report suggests self-driving vehicles could easily overwhelm current data center market

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The more likely scenario is a gradual adoption as auto manufacturers’ move up the autonomous driving scale (1-5), starting with commercial applications before moving on to consumer use. An abrupt switch to driverless cars is unlikely. Tesla CEO Elon Musk has indicated he expects Tesla will achieve level 4 autonomy this year.

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Axis Bank extends Rs 1 billion loan to Everest Fleet for EVs | Autocar Professional

Baua Electric

Axis Bank has extended a loan of Rs 1 billion to Everest Fleet to empower them to purchase electric vehicles to be deployed as green taxis in India. Through this blended finance transaction, we have supported a service model and mobilised development capital.” The loan is for four years.

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