Science and Technology

Geely’s ride-hailing unit Cao Cao Mobility raises $589M Series B to upgrade tech and expand fleet

Cao Cao Mobility, the ride-hailing unit of Chinese automaker Geely Automobile Holdings, has announced a $589 million (RMB 3.8 billion) Series B raise that the company says will help it upgrade its technology and expand its fleet, according to a statement released by the company (in Chinese). The raise, which Cao Cao announced on Monday,…

Hyundai’s ‘Hydrogen Vision 2040’ includes trailer drones and a fuel cell supercar

Despite its problems including inefficiency and pollution, Hyundai is betting big on hydrogen. The company has unveiled a new strategy called Hydrogen Vision 2040, including next-gen fuel cell technology and new concept vehicles include trucks, trailer drones and a 650 horsepower hybrid fuel-cell sports car developed in conjunction with its new partner, Rimac. The most…

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