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.
The National Pension Service (NPS) will further increase the proportion of overseas investment with a higher share of global equities, according to its asset allocation plan for the 2017-2022 period. Global equities will make up around 25% by end-2022, versus&hellip
South Korea’s leading asset owners are planning to expand private debt investment this year in pursuit of medium risks and medium returns, setting their eyes on direct lending and mezzanine notes. In a recent poll of the country’s 20 institutional&hellip
Jae-Sang Kim, who had worked with National Pension Service’s (NPS) Chief Investment Officer Myoun-Wook Kang in asset management firms for several years, was appointed on May 24 to lead the global alternative investment division of the $500 billion pension fund. NPS&hellip