Category: News Type

People Digest: Everstone’s Atul Phull joins UBS; Vantage Capital Markets, AXA IM Alts announce key hires

Everstone Group’s managing director has joined UBS as an executive director. Separately, global brokerage and investment bank Vantage Capital Markets has appointed Federico Bazzoni as CEO of investment banking, while AXA IM Alts has appointed Lu Gao as head of Client Group Alts Asia. Phull to focus on SE Asia, Australia at UBS  Atul Phull,… Continue reading People Digest: Everstone’s Atul Phull joins UBS; Vantage Capital Markets, AXA IM Alts announce key hires

China’s Letin raises $447m in Series A round to expand NEV sales

Letin, a Chinese new energy vehicle (NEV) manufacturer also known as “Levdeo,” announced on Monday that it has secured 3.2 billion yuan ($447.2 million) in a Series A round of financing to expand the business in China and worldwide. The lesser-known Chinese NEV company raised the Series A round from lead investor Weicheng West Investment… Continue reading China’s Letin raises $447m in Series A round to expand NEV sales

@Groupe PSA: OP Hart am Wind000462

Taken together, they have many decades of experience in the automotive industry, have a wealth of knowledge about vehicle technology and have already completed several projects together. And then the six colleagues from Rüsselsheim find themselves on a sailing boat in the Mediterranean and try to pull apart this large, bulbous headsail, the spinnaker, with… Continue reading @Groupe PSA: OP Hart am Wind000462

@Groupe PSA: OP “Disruption is in our DNA”000461

Mr Marx, you were a guest speaker at the VDE E-Mobility Conference in Frankfurt – what was your core message? I made our pioneering role clear: Opel is going electric – and more consistently than almost any other German car manufacturer. From 2028, we will no longer offer combustion engines in Europe. And we forging… Continue reading @Groupe PSA: OP “Disruption is in our DNA”000461

Raffles & Fairmont make debut in Qatar

RAFFLES AND FAIRMONT DOHA OPEN FOR FIFA GUESTS AND VIP DELEGATION RESTAURANTS OPEN TO PUBLIC BY RESERVATION ONLY  DOHA, Qatar, Nov. 22, 2022 /PRNewswire/ – The ultra-luxury Raffles Doha and luxury Fairmont Doha – which herald the entry of the aspirational Raffles Hotels & Resorts and Fairmont Hotels & Resorts brands to Qatar – are… Continue reading Raffles & Fairmont make debut in Qatar

Infra sector demands rationalisation of GST, easier bank credit, hike in public expenditure

They also pitched for government support to the EV companies for reskilling the workforce. New Delhi: The infrastructure industry on Monday demanded rationalisation of Goods and Services Tax (GST), easier bank credit and a hike in public expenditure at the customary pre-budget meeting with Finance Minister Nirmala Sitharaman. Cellular Operators’ Association of India (COAI) in… Continue reading Infra sector demands rationalisation of GST, easier bank credit, hike in public expenditure

100% road tax exemption for EVs may be extended till 2025

Against this backdrop, the transport department has proposed to extend the tax-waiver until 2025 for personal cars and two-wheelers. CHENNAI: The state transport department has proposed to extend 100% road tax exemption for electric vehicles (EVs) for another three years. If approved, EVs will continue to cost 8% less. To promote sales of battery-operated vehicles,… Continue reading 100% road tax exemption for EVs may be extended till 2025

Mazda to invest $11 bln by 2030 to procure EV batteries

Automakers worldwide are spending billions of dollars to ramp up battery and EV production in the face of tougher environmental regulations. Japan’s Mazda Motor Corp plans to invest 1.5 trillion yen ($10.6 billion) by 2030 to procure electric vehicle (EV) batteries and cooperate with battery supplier Envision AESC, the Nikkei business daily reported on Tuesday.… Continue reading Mazda to invest $11 bln by 2030 to procure EV batteries