Top 3 must read articles from this week - local M&A
Here is what has caught my eye in disruption and innovation this week:
iCar Asia Thailand has signed partnerships with Thanachart Bank and Rabbit Finance to provide financing and insurance services on its automotive online site One2Car.com.
These partnerships are part of iCar Asia’s plan to change One2Car.com from the country’s online automotive classified site to be a marketplace offering the trading of used and new cars and other supporting services.
Vehicle leasing and fleet management bigwigs SG Fleet and Eclipx Group are getting their tanks in position as they prepare to lock horns over another major rival, LeasePlan Australia.
Street Talk can reveal SG Fleet has hired Macquarie Capital bankers to advise on its potential bid for LeasePlan, while Eclipx has UBS in its corner ahead of an expected shootout.
Chinese-backed car manufacturer NIO showcased its EP9 electric supercar last November in London, but this weekend at SXSW, the company unveiled its concept consumer autonomous vehicle, the NIO EVE.
NIO used to be known as NextEV, is backed by a number of Chinese venture capital firms, and has hired people from companies such as Tesla, Ford, and Lyft. Just a concept at this stage, the EVE is a look at what the company feels will be future of autonomous vehicles.
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