Competition is intensifying in China’s automated-driving scene with the arrival of Jiyue 01, the first electric vehicle from a joint venture between Zhejiang Geely Holding Group Co. and Chinese search and tech giant Baidu Inc. Launching Friday, the sport-utility vehicle is equipped with Baidu’s Apollo platform, which has been in development for 10 years and … Read more
Vijay Shekhar Sharma, the founder and CEO of Paytm, has initiated the launch of a Category II Alternate Investment Fund (AIF) known as the ‘VSS Investments Fund’ on on Monday. The fund has a total size of Rs 20 crore, with an additional green shoe option of Rs 10 crore. This newly established fund is … Read more
Japan’s carmakers are staging their first motor show in four years to make the case they’ll remain major global forces to be reckoned with in the electric-vehicle age. The rebadged Japan Mobility Show will be counter-programming of sorts to worrisome trends: the host country may well lose its position as the world’s top car exporter … Read more
Taipei CNN — Taiwan’s Foxconn says it plans to build artificial intelligence (AI) data factories with technology from American chip giant Nvidia, as the electronics maker ramps up efforts to become a major global player in electric car manufacturing. Foxconn Chairman Young Liu and Nvidia CEO Jensen Huang jointly announced the plans on Wednesday in … Read more
They’re relatively easy to forge, often get lost and can add huge amounts of time to the intricate maze through which international commerce is transacted. Yet paper documents still rule in the $25 trillion market for global merchandise trade. That system — where the exchange of physical bills-of-lading has gone on for centuries — remains … Read more
Good morning. European electric-vehicle tariff discussions, a warning to China and oil’s continued rally. Here’s what people are talking about. Europe’s main auto lobby group urged policymakers to delay post-Brexit tariffs on electric vehicles, saying they could reduce production in the region by 480,000 cars over three years. Ahead of a meeting of trade officials … Read more
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. AFP via Getty Images Electric vehicles are fun and fast to drive and have the added benefit of no tailpipe exhaust or carbon pollution. But driving them cross … Read more
MUNICH, Germany, Sept. 04, 2023 (GLOBE NEWSWIRE) — LG Magna e-Powertrain, the Joint Venture (JV) between LG Electronics (LG) and Magna (Magna) formed in 2021, announced at IAA Mobility 2023 that it is expanding its footprint with a new facility in Miskolc, Hungary. The facility will be in Miskolc’s industrial area which features well-developed infrastructure and … Read more
AACHEN, Germany and BOSTON, Aug. 22, 2023 (GLOBE NEWSWIRE) — ACCURE Battery Intelligence, the leading provider of predictive analytics software to ensure battery safety, performance and extended life for energy storage, electric vehicles, and other applications, today announced it has secured a €7.2 million ($7.8 million) investment. The round was led by Blue Bear Capital … Read more
BEIJING (AP) — Asian stocks followed Wall Street higher on Tuesday as traders waited for signs of interest rate plans from this week’s Federal Reserve conference. Shanghai, Tokyo, Hong Kong and Seoul rose. Oil prices edged lower. Wall Street’s benchmark S&P 500 index rose Monday for its first gain in five days as tech stocks … Read more