ZHENGZHOU, China, April 24, 2023 /PRNewswire/ — How did human civilization originate? The ancient Greeks believed that Prometheus brought fire and created civilization. However, the Chinese believe that their civilization originated from the Ancestor Huang Di, which is why they call themselves “Descendants of Yan Di and Huang Di“. Continue Reading Who Is the “Founder”… Continue reading A Ukrainian Young Man Named Yegor Shyshov Visited His Native Place of Ancestor Huang Di, the Founder of Chinese Humanities
Category: Automotive
Electric Vehicle (EV) Charging Infrastructure Market to Reach $121.09 Billion by 2030: Grand View Research, Inc.
SAN FRANCISCO, April 24, 2023 /PRNewswire/ — The global electric vehicle charging infrastructure market size is expected to reach USD 121.09 billion by 2030, expanding at a CAGR of 25.5% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The growth of the EVCI market can be attributed to the… Continue reading Electric Vehicle (EV) Charging Infrastructure Market to Reach $121.09 Billion by 2030: Grand View Research, Inc.
LG Energy Solution Records Fifth Consecutive Quarterly Revenue Growth
LGES posts the quarterly revenue of KRW 8.7 trillion and operating profit of KRW 633 billion in the first quarter of 2023 LGES batteries, manufactured and sold this year, fulfill the IRA requirement for battery components and critical minerals, meeting customers’ needs for EV tax credit eligibility The company presents its business strategy for the… Continue reading LG Energy Solution Records Fifth Consecutive Quarterly Revenue Growth
Global Software-defined Vehicles Market Report 2022: Strategic Insights and Growth Opportunities – Automotive Industry Hinges on a SOA with Repeatable Avenues of Revenue Generation
DUBLIN, April 25, 2023 /PRNewswire/ — The “Strategic Insights and Growth Opportunities for Software-defined Vehicles” report has been added to ResearchAndMarkets.com’s offering. This research service aims to provide an overview of trends impacting SDVs. It discusses the impact of these trends on the growth and deployment strategies of different OEMs and suppliers in the market.… Continue reading Global Software-defined Vehicles Market Report 2022: Strategic Insights and Growth Opportunities – Automotive Industry Hinges on a SOA with Repeatable Avenues of Revenue Generation
Dubai Future Fund aims to raise another $300m by Q3 to invest in VCs and startupsThe funds will be raised from Emirati government entities and governm…
The UAE’s Dubai Future Fund (DF2) is on track to close an additional $300 million in funding by Q3 this year to invest in the region’s VCs and startups, its CEO Sharif El-Badawi shared in an interview with DealStreetAsia. The funds will be raised from Emirati government entities and government-backed corporates and represents the first… Continue reading Dubai Future Fund aims to raise another $300m by Q3 to invest in VCs and startupsThe funds will be raised from Emirati government entities and governm…
Sequoia India-backed Lummo said to be weighing shutdown, to return over $70m to investors
Indonesian bookkeeping startup Lummo, previously known as BukuKas, may close shop and return over $70 million of the funding it has raised to investors, multiple sources aware of the development told this portal. The company, backed by Sequoia Capital India and Bezos Expedition, has raised nearly $127 million in funding so far and is valued… Continue reading Sequoia India-backed Lummo said to be weighing shutdown, to return over $70m to investors
Chinese PE firm Hopu raises $141m so far for Mongolia-focused buyout fund
Hopu Investment Management, a Chinese private equity firm, has so far raised about $141 million for the Hopu Magnolia Fund, a buyout fund that invests across Mongolia, according to the firm’s filing with the US Securities and Exchange Commission (SEC). The filing showed that the fund, launched in 2021, has already received commitments from at… Continue reading Chinese PE firm Hopu raises $141m so far for Mongolia-focused buyout fund
Stricter due diligence adding to India’s funding slowdown
Investors focused on India are taking far longer times to collect and analyse the information provided by startups, stretching the due diligence process to about six months before arriving at a pricing for the funding round. In 2021 and the first half of 2022, when funding deals were being clocked in hordes, term sheets were… Continue reading Stricter due diligence adding to India’s funding slowdown
Nuevo Leon Modernizes Public Transportation with Allison Transmission-Equipped Compressed Natural Gas Buses
INDIANAPOLIS–(BUSINESS WIRE)–Through its partnership with Foton, an international commercial vehicle manufacturer headquartered in Beijing, China, Allison Transmission is providing the propulsion solution for 400 Foton AUV compressed natural gas (CNG) buses being exported to Nuevo Leon, Mexico, to aid in the state’s plan to modernize public transportation. In China last year, Allison realized double digit… Continue reading Nuevo Leon Modernizes Public Transportation with Allison Transmission-Equipped Compressed Natural Gas Buses
Hyundai, GM partner with Korean battery makers to build US plants
Hyundai Motor Group and General Motors announced separately Tuesday plans to build electric vehicle battery plants in the U.S. in partnership with South Korean battery manufacturing firms. Hyundai will set up a $5 billion battery cell production joint venture in the U.S. with SK On, the company that is also working with Ford to set… Continue reading Hyundai, GM partner with Korean battery makers to build US plants