April 17, 2019 NASDAQ-listed NXP Semiconductors, a Netherland-based producer of automotive radar sensors, has made a strategic investment in China’s Hawkeye Technology to advance its radar technology for cars, according to an announcement. Financial details of the transaction were not disclosed. With the strategic tie up, NXP and Hawkeye will now work together to create… Continue reading Dutch chipmaker NXP makes strategic investment in China’s Hawkeye
Author: Deal Street Asia Online News
Japan’s Nippon Paint makes $2.7b bid for Australia’s DuluxGroup
April 17, 2019 Japan’s Nippon Paint Holdings Co Ltd has proposed buying Australia’s biggest paint maker DuluxGroup Ltd for A$3.8 billion ($2.7 billion), expanding its global footprint though entering Australia just as a housing boom falters. The deal – recommended by the Dulux board – is the latest in a slew of Japanese acquisitions in… Continue reading Japan’s Nippon Paint makes $2.7b bid for Australia’s DuluxGroup
Malaysian logistics startup TheLorry snags strategic investment from Unilever
April 16, 2019 Southeast Asian logistics startup TheLorry has secured an undisclosed strategic investment from global FMCG major Unilever, less than a month after it raised $5.85 million in a Series B funding round. The investment will see Unilever acquire equity in the form of convertible preference shares in TheLorry, according to a statement by… Continue reading Malaysian logistics startup TheLorry snags strategic investment from Unilever
China’s Kunlun Tech to invest $50m in autonomous driving startup Pony.ai
April 12, 2019 Shenzhen-listed Beijing Kunlun Tech has announced plans to invest $50 million in exchange for a 3 per cent stake in autonomous driving technology startup Pony.ai. Pony.ai, co-founded by former Baidu executives, claims to be the first to offer fully self-driving car rides to the public in China. It did a soft launch… Continue reading China’s Kunlun Tech to invest $50m in autonomous driving startup Pony.ai
Ford may end independent India operations, eyes JV with Mahindra
April 10, 2019 Ford Motor Co is nearing a deal with Mahindra & Mahindra to form a new joint-venture company in India, a move that will likely see the U.S. automaker cease independent operations in the country, two sources with direct knowledge of the talks told Reuters. The deal would make Ford the latest automaker to pare back… Continue reading Ford may end independent India operations, eyes JV with Mahindra
S Korea’s LG Chem sets up JV with Vietnamese car-maker VinFast
April 7, 2019 South Korea’s LG Chem said on Sunday that it has set up a joint venture with Vietnam’s VinFast Trading and Production to produce lithium-ion batteries for the Vietnamese carmaker’s electric scooters and electric vehicles. The two companies established their joint venture factory in the Vietnamese northern port city of Hai Phong, with an aim… Continue reading S Korea’s LG Chem sets up JV with Vietnamese car-maker VinFast
Logistics startup BlackBuck raises $36m more from Accel, B Capital
April 5, 2019 Bengaluru-based online logistics startup BlackBuck has raised additional $36 million (Rs 249.78 crore) in a Series D round of funding from Accel Growth Fund and Singapore-based venture capital firm B Capital Group, which was established by Facebook co-founder Eduardo Saverin. According to the company’s filing with the Registrar of Companies (RoC) sourced… Continue reading Logistics startup BlackBuck raises $36m more from Accel, B Capital
Mahindra said to lead $500m round in self-drive car rental Zoomcar
April 3, 2019 Self-drive car rental platform Zoomcar (ZoomCar India Pvt. Ltd) is in talks to raise around $500 million in a fresh funding round led by automaker Mahindra and Mahindra Ltd, said two people aware of the development. The funding round will include a mix of debt and equity financing, the people said, requesting anonymity. An industry… Continue reading Mahindra said to lead $500m round in self-drive car rental Zoomcar
China’s Ganfeng Lithium boosts stake in Argentina project to 50%
April 2, 2019 China’s Ganfeng Lithium Co said on Monday it would spend $160 million to boost its ownership stake in an Argentina lithium project with Lithium Americas Corp, part of a plan to solidify its access to the white metal used to make electric vehicle batteries. The deal, which must still be approved by shareholders, will… Continue reading China’s Ganfeng Lithium boosts stake in Argentina project to 50%
Logistics startup TheLorry snags $5.85m Series B led by Malaysia’s FirstFloor Capital
April 2, 2019 South East Asian logistics startup TheLorry has raised $5.85 million in a Series B funding led by Malaysia-based FirstFloor Capital, according to a press release. PNB-INSPiRE Ethical Fund I, Cradle Seed Ventures, Axiata Digital Innovation Fund and existing investor, SPH Ventures, also participated in the round. Founded in September 2014, TheLorry operates… Continue reading Logistics startup TheLorry snags $5.85m Series B led by Malaysia’s FirstFloor Capital