Huachen AI Parking Seeks $25 Million IPO Amid China’s Property Woes

Huachen AI Parking, a Chinese automated parking garage builder, is aiming for a $25 million IPO on Nasdaq despite facing challenges from China’s struggling property market and pandemic-related setbacks. The company, which specializes in ‘smart’ parking solutions, is betting on the growing demand for parking spaces in China’s increasingly congested cities, driven by rising car ownership and the popularity of electric vehicles. While Huachen’s profits have been impacted by the property slowdown, the company is confident that its business will rebound as the market stabilizes and the demand for its innovative parking solutions continues to grow.

Drivers Still Prefer Their Own Skills Over Car Tech, Survey Reveals

A new study by heycar suggests that despite advancements in car technology, many UK drivers still trust their own abilities over automated systems, particularly when it comes to parking and navigation. The survey found that 57% of drivers believe they are better at parking than their car’s autonomous system, and 37% feel they have a better sense of direction than their sat nav.

DFW Airport Gears Up for Busiest Summer with 1.5 Million Memorial Day Travelers

Dallas Fort Worth International Airport (DFW) is bracing for its most crowded summer season yet, with Memorial Day weekend expected to see a surge of 1.5 million travelers. The airport anticipates a 10% increase in passenger traffic during the five-day holiday period, with Friday, May 24, being the busiest day with an estimated 260,000 passengers. To handle the increased influx, DFW has deployed over 300 volunteer Ambassadors and professional Airport Customer Experience Specialists (ACES) to assist travelers. The airport also encourages passengers to utilize its website and mobile app for resources like security wait times and parking reservations. DFW expects to welcome nearly 25 million passengers between May and July, a 10% increase from last year. To ensure a smooth travel experience, travelers are advised to visit DFW’s Travel Tips page and sign up for a MyDFW account for personalized information and exclusive promotions.

MIA Prepares for Busy Summer Travel Season

Miami International Airport (MIA) is expecting a surge in passenger traffic this summer, with an anticipated 10% increase from last year’s record numbers. To accommodate the influx of travelers, MIA recommends early arrival, using ride-sharing services, and checking parking availability online to avoid delays.

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