cars

AI startups must combine software with physical machines to thrive. Yin Qi from StepFun believes that cars – not phones – are the future lab for intelligence.

Observers say the latest policy enhancement aims in part to placate non-Chinese players in the market.

The used-car marketplace didn’t disclose hard numbers, but partly attributed the development to a “significant” improvement in gross profit per unit.

Currently operating with 600 electric cars, Snap-E plans to add 300 to 400 more by the end of this financial year.

Carro also has a subscription-based car service in the city-state that it’s been offering since 2019.

Freetech partners with over 40 automotive manufacturers, fitting more than 100 car models with its technology, Nikkei Asia reported.

The Malaysian unicorn says that it remains “on target” to break even in group-level EBITDA over the next few quarters.

Carro is making an aggressive play in Malaysia. Carsome isn’t backing down on its home turf.

The used-vehicles site will use the new funds to expand into the United Arab Emirates and Australia, according to a Mint report.

Carro and Carsome have taken the Singapore-Malaysia rivalry to a new front. That’s a good thing for Southeast Asia’s used-car market.