A group of startups backed by China money released a string of new models, posing challenge to Tesla. NIO, a startup headquartered in China's Shanghai gained attention by unveiling its self-driving electric concept car NIO Eve at the South by Southwest (SXSW) festival, held in Austin in Texas. NIO said the Eve would be marketed from 2020.
Padmasree Warrior, CEO of NIO U.S., said in her interview with Fortune, "The Eve would also be sold in Europe after making first entry into the United States." The NIO Eve features a sliding door and a fully foldable backseat. In the area of self-driving technology, NIO is set to cooperate with Mobileye, Nvidia, and NXP.
NIO rolled out a 1,342-horsepower supercar "EP9" last year. Without a driver in the seat, the EP9 ran the course of the Circuit of the Americas in Austin in 2 minutes and 40.33 seconds, the fastest among all self-driving cars.
South Korea’s National Pension Service (NPS), Public Officials Benefit Association (POBA) and Hyundai Marine & Fire Insurance Co. Ltd. are likely to commit $380 million to a blind-pool real estate fund which private equity firm Rockpoint Group is launching to&hellip
(Corrected: New overseas alternative head Young-shin Chung was not promoted from the position of domestic alternative investment head, but moved to the new position. First paragraph was corrected in that regard.) The Korea Teachers’ Pension on April 24 named its domestic&hellip
Four South Korean institutional investors will acquire 100 billion won ($88 million) worth of senior debts secured on two US gas-fired power plants from CIT Bank, in a rare secondary debt investment for domestic investors. The unidentified Korean institutions, including insurance&hellip