Why not? EVs lack tailpipe emissions, sure, but producing, operating, and disposing of these vehicles creates greenhouse-gas emissions and other environmental burdens. Driving an EV pushes these problems upstream, to the factory where the vehicle is made and beyond, as well as to the power plant where the electricity is generated. The entire life cycle… Continue reading The EV Transition Explained: Can the Grid Cope?
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China’s Primavera said to be targeting $300m for private credit fundThe firm is reportedly in the market raising its fourth US dollar fund with a targ…
Chinese investment firm Primavera Capital Group, an early investor in billionaire Jack Ma’s Alibaba Group, is reportedly seeking to raise $300 million for a private credit fund. Primavera, which invests in the global market with a focus on China, is said to have built out the credit strategy earlier this year with the recruitment of… Continue reading China’s Primavera said to be targeting $300m for private credit fundThe firm is reportedly in the market raising its fourth US dollar fund with a targ…
Alibaba may sell $200m shares in India’s Zomato via block deal
Alibaba Group Holding Ltd plans to sell a stake of about 3% in Indian food delivery firm Zomato Ltd worth $200 million through a block deal, CNBC Awaaz reported on Tuesday, citing sources. The Chinese e-commerce giant, through its finance affiliate Ant Group, currently owns a 13.3% stake in Zomato, according to Refinitiv data. Alibaba and Zomato did not immediately respond to Reuters requests for comment. The block deal on Wednesday will likely be… Continue reading Alibaba may sell $200m shares in India’s Zomato via block deal
ID Digest: Ajaib fires 8% staff; Seedstars launches new investment platform
The tech layoff spree continues in Indonesia, with Ajaib cutting 8% of its workforce. Meanwhile, Seedstars, a Swiss venture capital firm, has launched an investment platform for emerging venture capital (VC) fund managers. Ajaib sacks 67 employees Indonesian investment platform Ajaib has laid off 67 employees, or about 8% of its headcount, as reported by… Continue reading ID Digest: Ajaib fires 8% staff; Seedstars launches new investment platform
With more citizens opting for electric vehicles, Goa to get 40 new charging stations
To bridge the gap between a rapidly growing number of electric vehicles (EV) and few charging stations, the state government is looking at installing 40 such stations at a cost of Rs 3.2 crore. The Goa Energy Development Agency (GEDA) on Monday invited expressions of interest from firms for supplying, installing, commissioning, operating and maintaining… Continue reading With more citizens opting for electric vehicles, Goa to get 40 new charging stations
Biden’s ambitious climate plan stokes tension with EU allies
The IRA, a behemoth piece of legislation that largely focuses on climate and social spending, provides more than $430 billion in US investments. Certain provisions in US President Joe Biden’s landmark climate action plan, the Inflation Reduction Act (IRA), have provoked strong responses from the European Union, which fears it could hurt its industry. With… Continue reading Biden’s ambitious climate plan stokes tension with EU allies
Ashok Leyland elevates Sanjay V Jorapur as President HR
Sanjay V Jorapur has been named president and head of human resources at Ashok Leyland, the Hinduja Group’s flagship company in India and the country’s largest manufacturer of commercial vehicles. Amanpreet Singh, who is presently President and Head of Human Resources, will transition to a senior position at Hinduja Group in Mumbai. Dheeraj G. Hinduja, Executive… Continue reading Ashok Leyland elevates Sanjay V Jorapur as President HR
Kia India enters certified pre-owned car business with ‘Kia CPO’
Kia India has announced the commencement of its Certified Pre-Owned Car Business ‘Kia CPO’ for customers looking for quality used cars with verified history. With exclusive Kia CPO outlets, the company intends to provide a new age experience to customers, in line with new car buying experience, that will allow them to sell, buy or exchange pre-owned cars,… Continue reading Kia India enters certified pre-owned car business with ‘Kia CPO’
Tata Motors partners with IndusInd Bank for EV dealer financing
Automajor Tata Motors on Tuesday announced that it has joined hands with IndusInd Bank to offer an exclusive Electric Vehicle Dealer Financing solution to its authorised passenger EV dealers. Under the scheme, IndusInd Bank will provide additional inventory funding with attractive pricing to authorised passenger EV dealers of Tata Motors. This additional inventory funding would… Continue reading Tata Motors partners with IndusInd Bank for EV dealer financing
Italian car company Lancia is being reborn as an EV-only brand
/ Its first electric car will launch in 2024. Lancia’s new wordmark featuring its new brand font.Image: Lancia Lancia, the Italian car company owned by Stellantis alongside Fiat, Chrysler, Citroën, Vauxhall, and Peugeot, is being revived as an electric car brand. The company announced plans to produce three electric vehicles between 2024 and 2028: a… Continue reading Italian car company Lancia is being reborn as an EV-only brand