© 2022 Mercedes-Benz Group AG. All rights reserved. * The figures are provided in accordance with the German regulation ‘PKW-EnVKV’ and apply to the German market only. Further information on official fuel consumption figures and the official specific CO₂ emissions of new passenger cars can be found in the EU guide ‘Information on the fuel… Continue reading @Daimler: The EQS SUV: the redefinition of SUV luxury
Category: News Type
ONE Championship expects profitability in 3 years even as losses balloon in 2021ACRA filings show that ONE’s annual losses for 2021 jumped 125% to $11…
ONE Championship continues to remain optimistic on its profitability targets even after the Asian mixed martial arts promoter more than doubled its annual losses in 2021. Recent filings to Singapore’s Accounting and Corporate Regulatory Authority (ACRA) show that ONE’s annual losses for 2021 jumped 125% to $111 million compared to the same period in 2020.… Continue reading ONE Championship expects profitability in 3 years even as losses balloon in 2021ACRA filings show that ONE’s annual losses for 2021 jumped 125% to $11…
China offers loans of $42b for infrastructure spending
China has distributed an additional 300 billion yuan ($42 billion) allocated for infrastructure projects through three state policy banks as of Wednesday, the official Securities Times reported on Thursday. The increased funding was part of policymakers’ support to spur growth in the world’s second-biggest economy by issuing debt to fund big public works projects. China‘s cabinet… Continue reading China offers loans of $42b for infrastructure spending
Credit Suisse names Jing Wang as China securities venture CEO
Credit Suisse Group AG has named veteran banker Jing Wang as chief executive officer of its Chinese securities joint venture effective immediately, according to an internal memo reviewed by Reuters on Thursday. Wang recently worked as the bank’s head of China onshore wealth management. A Credit Suisse spokesperson confirmed the contents of the memo. The China joint venture, Credit Suisse Securities (China) Ltd,… Continue reading Credit Suisse names Jing Wang as China securities venture CEO
Blackrock, Indonesia’s INA, others to provide $300m financing facility for Traveloka
Indonesia Investment Authority (INA), the country’s sovereign wealth fund, has signed a $300-million financing facility with online travel agent Traveloka, according to a press statement on Thursday. BlackRock, Allianz Global Investors, Orion Capital Asia were among the other investors who joined the financing round. DealStreetAsia reported in June that INA was in talks to join… Continue reading Blackrock, Indonesia’s INA, others to provide $300m financing facility for Traveloka
@GM: Wuling Introduces All-New Xing Chi Small SUV
Wuling Introduces All-New Xing Chi Small SUV “The First Vehicle for Young People in China” 2022-09-29 SHANGHAI – SAIC-GM-Wuling yesterday launched the Wuling Xing Chi. Its all-new small SUV is being positioned as “the first vehicle for young people in China.” Six variants range in price from RMB 56,800 to RMB 86,800. As the fourth model… Continue reading @GM: Wuling Introduces All-New Xing Chi Small SUV
@GM: GM and OneD Battery Sciences Collaborate on Joint R&D of Silicon Anode Technology for More Efficient EV Batteries
GM and OneD Battery Sciences Collaborate on Joint R&D of Silicon Anode Technology for More Efficient EV Batteries 2022-09-29 Collaboration focuses on increasing energy density and cost reduction in future GM EV batteries GM Ventures participates in OneD’s Series C $25 million funding round PALO ALTO, Calif., and DETROIT – General Motors Co. (NYSE: GM)… Continue reading @GM: GM and OneD Battery Sciences Collaborate on Joint R&D of Silicon Anode Technology for More Efficient EV Batteries
California E.V. Mandate Finds a Receptive Auto Industry
For years, as California has moved ahead with ambitious clean-air regulations, the state has had to prod the auto industry to go along. Now, in the push to electrify the nation’s car fleet, it is California that is keeping up with automakers. Even before state regulators acted Thursday to ban sales of new internal-combustion vehicles… Continue reading California E.V. Mandate Finds a Receptive Auto Industry
New York follows California mandating zero-emissions vehicles by 2035
All new passenger cars, pickup trucks and SUVs sold in New York state must be zero emissions by 2035, Governor Kathy Hochul announced Thursday. “By revving up our clean transportation transition and making major investments to make EVs more accessible, we’re supercharging our fight against climate change,” Hochul tweeted. NEW: All new vehicles sold in… Continue reading New York follows California mandating zero-emissions vehicles by 2035
Finally. Lordstown Motors, Foxconn begin Endurance EV production
Taiwanese electronics manufacturer Foxconn has begun production of Lordstown Motors’s electric pickup truck. The news, which Bloomberg grabbed first, is a milestone for both companies: Foxconn as it diversifies from manufacturing consumer electronics like iPhones to electric vehicles, and Lordstown as it finally gets its much-anticipated Endurance truck off production lines and, hopefully, into customers’… Continue reading Finally. Lordstown Motors, Foxconn begin Endurance EV production