Category: Automotive

@Hyundai: Kia starts building facility for electric purpose-built vehicle (PBV) production

Dedicated plant for electric purpose-built vehicles (PBV) with yearly capacity of 150,000 units The plant to mass produce battery-electric PBVs in second half of 2025 Plant to showcase flexible production by adopting smart innovations, such as efficient ‘cell method’ of manufacturing An innovative factory that pursues low carbon footprint, intelligence, and human-centered principles Hyundai Motor… Continue reading @Hyundai: Kia starts building facility for electric purpose-built vehicle (PBV) production

@Hyundai: Kia brings ‘Opposites United’ to 2023 Milan Design Week

Kia to exhibit its design philosophy at seven-day event from 17th to 23rd April at the Museo della Permanente in Milan, Italy Exhibition to encompass core pillars of ‘Opposites United’ Karim Habib among key Kia design executives due to discuss the brand’s design philosophy and vision Kia will present its design philosophy ‘Opposites United’ in… Continue reading @Hyundai: Kia brings ‘Opposites United’ to 2023 Milan Design Week

ESKUTE Rolls Out Product Upgrades for 2023

SHENZHEN, China, April 11, 2023 /PRNewswire/ — ESKUTE, a fast-growing e-bike company, is rolling out a series of product upgrades to its product range in response to positive demand for its two-wheelers from the market. Continue Reading image_5018978_34848723 As the company expanded, ESKUTE’s product sales grew rapidly in 2022. The company has listened fully to… Continue reading ESKUTE Rolls Out Product Upgrades for 2023

Govt to invite financial bids for privatising Shipping Corp of India in MayThe government holds a 63.75% stake in SCI.

The Indian government plans to invite financial bids for the privatisation of Shipping Corp of India Ltd (SCI) next month, as it looks to sell the state-run company after years of delay, two government officials told Reuters. The Prime Minister Narendra Modi-led government had, in 2019, announced plans to privatise a number of state-run companies,… Continue reading Govt to invite financial bids for privatising Shipping Corp of India in MayThe government holds a 63.75% stake in SCI.

Thai PE firm Lombard Asia closes fifth fund, secures commitment from Blue Earth Capital

Bangkok-based private equity firm Lombard Asia has secured the final close of Lombard Asia V, a growth equity vehicle targeting investments in Thailand, Cambodia, Laos, Myanmar, and Vietnam. The fund manager secured a $10-million commitment from Swiss impact manager Blue Earth Capital, according to the latter’s announcement.  “We welcome the addition of BlueEarth, an established… Continue reading Thai PE firm Lombard Asia closes fifth fund, secures commitment from Blue Earth Capital

Singapore Digest: NODWIN’s SG unit buys Branded, Verz Design secures $2m from Meetsocial

Esports firm NODWIN Gaming said its Singapore subsidiary has acquired live media company Branded, while Verz Design announced raising $2 million from Chinese digital marketing group Meetsocial. NODWIN Gaming’s SG unit acquires Branded Global esports company NODWIN Gaming announced that its Singapore subsidiary has acquired a majority stake in Branded, a full-service live media company… Continue reading Singapore Digest: NODWIN’s SG unit buys Branded, Verz Design secures $2m from Meetsocial

@Groupe PSA: OP “jr” greets from table top000517

In the middle of the week, SC Freiburg throws FC Bayern out of the DFB Cup, but on Saturday Christian Streich’s team lost 1-0 to the record champions – “AKS19041987” predicted it. Newly promoted Bremen gets a point from Mainz, who have had victory after victory in the past few weeks – “AKS19041987” prophesied it.… Continue reading @Groupe PSA: OP “jr” greets from table top000517

German Handelsblatt: Car manufacturer: BMW sales fall in the first quarter006666

BMW production in Dingolfing The automaker sold fewer cars in the first quarter than in the same period last year. (Photo: BMW Group) From January to the end of March, BMW sold 1.5 percent fewer cars worldwide than in the same quarter last year. Global sales fell to around 588,000 vehicles, as the company announced… Continue reading German Handelsblatt: Car manufacturer: BMW sales fall in the first quarter006666