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
Category: Automotive
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
Tesla expands non-Tesla Supercharger access to China
Certain non-Tesla vehicles in China can now charge at selected Superchargers, the company said Tuesday. The expanded access will also be available at certain destination charging points, which are wall connectors available in public locations. To start, 10 Supercharging stations across Beijing and Shanghai, as well as 120 destination charge points in 25 provinces and… Continue reading Tesla expands non-Tesla Supercharger access to China
Savory and Partners: The Portuguese D2 Visa – Allowing UAE Entrepreneurs to Expand Into The EU Seamlessly
DUBAI, UAE, April 22, 2023 /PRNewswire/ — Portugal has a lot of different immigration options available, from its residency by investment route (the golden visa), its passive income option (the D7 visa), to its newly christened digital nomad visa. However, there is one option that is tailor-made for businesses that often goes unnoticed – the Portuguese… Continue reading Savory and Partners: The Portuguese D2 Visa – Allowing UAE Entrepreneurs to Expand Into The EU Seamlessly
NWTN Holds Exclusive Preview of the Rabdan ONE at its Suhoor Gathering in Celebration of the Holy Month of Ramadan.
DUBAI, UAE, April 22, 2023 /PRNewswire/ — In celebration of the Holy month of Ramadan, NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world (“NWTN”), today held a Suhoor gathering at their assembly facility in the Khalifa Economic Zone Abu Dhabi (KEZAD) in celebration of the… Continue reading NWTN Holds Exclusive Preview of the Rabdan ONE at its Suhoor Gathering in Celebration of the Holy Month of Ramadan.
Int’l auto show in Shanghai calls for embracing industry’s new era
SHANGHAI, April 21, 2023 /PRNewswire/ — It is reported by Xinhua News Agency that the 20th Shanghai International Automobile Industry Exhibition (Auto Shanghai 2023) kicked off on Tuesday in east China’s Shanghai and will last until April 27. As the first A-class international auto show held in China this year, Auto Shanghai 2023 serves as a… Continue reading Int’l auto show in Shanghai calls for embracing industry’s new era
Royal Queen Seeds Takes Over Times Square for 4/20 Celebration
The leading European cannabis seed bank celebrates US expansion with a Times Square ad on 4/20, marking the beginning of the company’s mission to revolutionize cannabis cultivation in the US market. BARCELONA, Spain, April 21, 2023 /PRNewswire/ — Royal Queen Seeds (RQS) has made history in Times Square with its latest advertisement. The company has… Continue reading Royal Queen Seeds Takes Over Times Square for 4/20 Celebration
Karlmann appears at Auto Shanghai 2023, showing the unique brand fascination
SHANGHAI, April 21, 2023 /PRNewswire/ — Karlmann, a futuristic car brand, appeared at the 20th Shanghai International Automobile Industry Exhibition on April 18, showcasing a comprehensive upgrade to the Karlmann platinum and introducing two models based on Karlmann aesthetic design concepts, Ti Zr Zirconium and Titanium. Continue Reading Visitors to booth 8A22 will enter the… Continue reading Karlmann appears at Auto Shanghai 2023, showing the unique brand fascination