“One day last week, shares of Fangdd, a smallish Chinese real-estate firm, shot up 13-fold in a vacuum of news, taking its market capitalization to $4 billion.”https://bloom.bg/3ekUnYm
Waymo, the autonomous driving technology start-up owned by of Google’s parent company Alphabet Inc. has set up a subsidiary in China, according to China’s National Enterprise Credit Information Publicity System. The Shanghai-based subsidiary named Huimo Business Consulting was established on May 22 with registered capital of RMB3.5 million (US$508,854). Its business scope includes business consulting, logistics management consulting, supply chain consulting, autonomous driving parts and product design, testing and other related services, according to the national company record database.https://www.chinamoneynetwork.com/2018/08/23/waymo-sets-up-shanghai-subsidiary-as-google-makes-inroads-to-china
In preparation for a public launch later this year, Waymo doubled their the size of their Phoenix operations recently. Skilled Fleet Technician, Fleet Dispatch, Fleet Response, Rider Support, and other personnel are required for behind the scenes. This article details more.
We’ve been busy growing these teams and building out our operations in Phoenix. Recently, we doubled the size of our operations center in Chandler, which will help us increase our fleet capacity and hire even more local talent for our test driving, fleet operations, and rider support teams there.
FT.com reports that Waymo will have 60% of global self-driving taxi market by 2030.
Waymo will own 60 per cent of the global self-driving taxi market by 2030, a level of dominance that forces many of the world’s carmakers to adopt its technology or become obsolete, a report predicts.
Investment bank UBS estimated global revenues from self-driving technology by 2030 will be up to $2.8tn, with Alphabet’s Waymo unit the global leader.