Cummins Group in India, leading power solutions technology provider, mulling to launch lithium Iron Phosphate (LFP) battery pack solutions for the evolving electric city bus market in India over the next five years, as per a senior company executive. According to Brian Wilson, New Power Global Leader Cummins, 50 percent of India’s city bus market… Continue reading Cummins aims for LFP battery tech to cater growing e-bus market in India
Category: Automotive
Tata Motors reveals Sierra and Harrier EV concepts, Curvv SUV-coupe in near-production avatars
Tata Motors reveals Sierra and Harrier EV concepts, Curvv SUV-coupe in near-production avatars In what was arguably the biggest surprise at the Auto Expo 2023, Tata Motors unveiled as many as four concepts – the Curvv ICE concept, the Avinya concept, the Harrier EV concept and the Sierra EV concept – at the motor show. The Tata Sierra EV… Continue reading Tata Motors reveals Sierra and Harrier EV concepts, Curvv SUV-coupe in near-production avatars
Tesla becomes top luxury auto brand in the US
Tesla has become the top luxury brand in the US automotive market – the first time an American automaker claims the title. For a few years now, Tesla vehicles have dominated many luxury segments in sales in the United States. However, due to the limited number of models available, four to be exact, other automakers… Continue reading Tesla becomes top luxury auto brand in the US
SG-based Scorpio Electric bags $6.75m funding led by EuroSports GlobalThe latest round brings Scorpio Electric’s valuation to $150 million.
Scorpio Electric, which manufactures electric motorcycles, on Thursday said it has secured $6.75 million in a funding round led by Singapore-based luxury auto brand EuroSports Global. The latest round brings Scorpio Electric’s valuation to $150 million. The startup said it will commence mass production and global delivery of its motorbike – Scorpio Electric X1 –… Continue reading SG-based Scorpio Electric bags $6.75m funding led by EuroSports GlobalThe latest round brings Scorpio Electric’s valuation to $150 million.
PAG-Mapletree JV to buy HK’s Goldin Financial Global Centre for $713m
Asia-focused investment firm PAG and Singapore-based real estate group Mapletree Investments said on Thursday they have entered into a 50-50 joint venture to buy Hong Kong’s Goldin Financial Global Centre from receivers for $713 million. Goldin Financial Global Centre is an office building completed in 2016 with a total lettable area of 886,703 square feet located in Kowloon East of Hong Kong, according to a statement released by PAG and Mapletree. PAG Real Assets, the real estate business… Continue reading PAG-Mapletree JV to buy HK’s Goldin Financial Global Centre for $713m
Bain Capital buys stake in biofuel firm EcoCeres for $400m
Bain Capital Private Equity said on Thursday it has completed a deal to acquire a stake in renewable fuel producer EcoCeres Inc, as the Boston-based investor strives to ramp up its sustainable investment. Bain said in response to a Reuters query that the firm invested $400 million of growth capital for a significant stake in the company, marking one of the its largest transactions in Asia related to… Continue reading Bain Capital buys stake in biofuel firm EcoCeres for $400m
Saudi Arabia wealth fund PIF raises Nintendo stake to 6%
Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in Japan’s Nintendo Co Ltd to 6%, a filing showed on Thursday, reflecting the sovereign wealth fund‘s growing exposure to the Japanese video gaming industry. PIF’s stake in the Kyoto-based company has risen from 5.01% to 6.07%, according to the ownership report filed with Japanese regulators. PIF revealed its 5% stake in Nintendo in a regulatory filing in May last year, stating… Continue reading Saudi Arabia wealth fund PIF raises Nintendo stake to 6%
responsAbility bags portfolio manager mandate from Swiss investor
Swiss impact specialist responsAbility Investments has been selected as the portfolio manager of the Swiss Investment Fund for Emerging Markets (SIFEM) from March 1, 2023, until the end of 2027. responsAbility will lead investment sourcing, advisory, and oversight of SIFEM’s portfolio. The mandate comes with an option of a 5-year extension, it said in a… Continue reading responsAbility bags portfolio manager mandate from Swiss investor
Clean Tecnica: Tesla To Expand Austin Gigafactory, Sales Surge In China 002519
Tesla has applied to the Texas Department of Licensing & Regulation for permission to add five new facilities at its Gigafactory in Austin, Texas. The total cost of the expansion will run to as much as $775 million over the course of several years, according to a report by The Street. It says Tesla is… Continue reading Clean Tecnica: Tesla To Expand Austin Gigafactory, Sales Surge In China 002519
Clean Technica: “Petrol Forever!” In New Zealand!002518
Electric vehicle owners in New Plymouth, New Zealand, are out of luck if they want to charge their cars in the city’s town centre. The New Plymouth District Council voted against the report of its own staff to support the installation of a Tesla Supercharger station in town, with one councillor interjecting “Petrol forever” and… Continue reading Clean Technica: “Petrol Forever!” In New Zealand!002518