KPIT Technologies expects to grow by 27–30% in FY24 on back of robust business visibility for next 3-5 years KPIT Technologies, a software-driven solutions provider for car and truck manufacturers, reported revenue of US$418 million (Rs 3447.246 crore) during FY23, a 27.4% increase from the previous year. The company expects revenue growth to be between… Continue reading KPIT Technologies expects to grow by 27–30% in FY24 on back of robust business visibility for next 3-5 years
Category: Automotive
Hyundai Motor Group and SK On to set up EV battery cell plant in the US
Hyundai Motor Group has announced its plan to set up an electric vehicle (EV) battery cell production joint venture in the US with partner SK On. In November 2022, the Group signed a memorandum of understanding (MOU) with SK On to secure EV battery supply for North America. The total investment amount for the joint… Continue reading Hyundai Motor Group and SK On to set up EV battery cell plant in the US
Hyundai Motor Group and SK On to set up EV battery cell plant in the US
Hyundai Motor Group has announced its plan to set up an electric vehicle (EV) battery cell production joint venture in the US with partner SK On. In November 2022, the Group signed a memorandum of understanding (MOU) with SK On to secure EV battery supply for North America. The total investment amount for the joint… Continue reading Hyundai Motor Group and SK On to set up EV battery cell plant in the US
Hyundai Motor Group and SK On to set up EV battery cell plant in the US
Hyundai Motor Group has announced its plan to set up an electric vehicle (EV) battery cell production joint venture in the US with partner SK On. In November 2022, the Group signed a memorandum of understanding (MOU) with SK On to secure EV battery supply for North America. The total investment amount for the joint… Continue reading Hyundai Motor Group and SK On to set up EV battery cell plant in the US
Infineon-Schweitzer develop chip embedding solution to increase EV range, cut system cost
Infineon-Schweitzer develop chip embedding solution to increase EV range, cut system cost Semiconductor major Infineon Technologies and Schweizer Electronic AG have collaborated to increase the efficiency of silicon carbide (SiC)-based chips. The two companies are developing a chip-embedding solution that embeds Infineon’s 1200V CoolSiC chips directly into the PCB, which will increase the driving range… Continue reading Infineon-Schweitzer develop chip embedding solution to increase EV range, cut system cost
Kia global sales rise 12% to 768,251 units in Q1 2023, India share 10%
Kia Corporation has announced global sales of 768,251 units in the 2023 first-quarter (January-March 2023), up 12% year on year (Q1 2022: 685,738 units). Quarterly revenue was KRW 23.69 trillion with an operating profit of KRW 2.87 trillion, an increase of 29.1% and 78.9% respectively. Kia also recorded a net profit of KRW 2.12 trillion,… Continue reading Kia global sales rise 12% to 768,251 units in Q1 2023, India share 10%
Korea offers Tesla ‘active support’ to build Gigafactory there
South Korean President Yoon Suk Yeol met with Tesla CEO Elon Musk in Washington, D.C., today during a six-day visit to the US. The meeting was at Musk’s request to discuss the possibility of building a Tesla Gigafactory in Korea. Yonhap, a Korean news agency, summarized the meeting, saying that Yoon emphasized that “South Korea… Continue reading Korea offers Tesla ‘active support’ to build Gigafactory there
Philippines’ Metro Pacific weighs voluntary delisting from Philippine Stock ExchangeTop shareholders will offer to buy out minority stockholders.
Philippine infrastructure conglomerate Metro Pacific Investments Corp said on Thursday its top shareholders will offer to buy out minority stockholders and conduct a voluntary delisting from the Philippine Stock Exchange. The company did not provide a reason for the move, but its management has long said its shares were undervalued in the domestic bourse. The… Continue reading Philippines’ Metro Pacific weighs voluntary delisting from Philippine Stock ExchangeTop shareholders will offer to buy out minority stockholders.
Australian sovereign wealth fund eyes small cap equities
Australia’s sovereign wealth fund, the Future Fund, is looking to buy small cap equities for the first time as traditional investments like blue chip firms and real estate are no longer safe, the CEO said on Thursday. Raphael Arndt said investments like office buildings or shopping centres offer less safety, and a large cap company… Continue reading Australian sovereign wealth fund eyes small cap equities
Cleantechnica: Tesla Q1 Financials Highlights and Lowlights 002719
My family used to say I had an obsession with Tesla and Elon. I bought a Model 3 as “investment research.” Not to mention it was safe, cool, and it seemed the good folks were making a difference for once. I have written many pieces supporting Elon and Tesla’s vision for a sustainable planet against… Continue reading Cleantechnica: Tesla Q1 Financials Highlights and Lowlights 002719