Category: Automotive

Under the skin: the Audi EV that hoovers harmful particulates

Several manufacturers, including Toyota Hyundai, have tinkered with the idea of using the car as a mobile vacuum cleaner to hoover up particulates from the atmosphere, and now Audi is the latest to dip a toe in the water.  In conjunction with supplier Mann+Hummel, it has begun trials of the Audi Urban Purifier particulate filter,… Continue reading Under the skin: the Audi EV that hoovers harmful particulates

Lotus boss: firm ‘feels like it’s alive again’

You’re going through a transition. What is Lotus about not just in 2022 but in 2030?  “Lotus in 2030 will be very different from where we are today. But then Lotus in 2022 is very different to where it was in 2017.”  How about your battery project with Britishvolt?  “We have a memorandum of understanding… Continue reading Lotus boss: firm ‘feels like it’s alive again’

@Nissan: 2022/11/07 Nissan establishes new mobility service company in China Nissan (China) …000887

2022/11/07 Shanghai, CHINA – Nissan (China) Investment Co., Ltd. (NCIC) today announced the establishment of Nissan Mobility Service Co., Ltd., a dedicated mobility service company, as part of its efforts to continue transforming its business in China. The announcement was made at the 5th China International Import Export (CIIE) show which opened on Nov. 5th… Continue reading @Nissan: 2022/11/07 Nissan establishes new mobility service company in China Nissan (China) …000887

Unit of China’s Fosun to sell stake in HK-listed Zhaojin Mining for $561mAfter the sale, Fosun will retain a 2.85% stake.

China’s Fosun International Ltd on Monday said its affiliate Shanghai Yuyuan Tourist Mart Group Co will sell 654.1 million Hong Kong shares of Zhaojin Mining Industry Co for HK$4.40 billion ($560.55 million). Shanghai Yuyuan is offering to sell the stake in Zhaojin Mining for HK$6.72 per share, a discount of 1.8% from the closing price… Continue reading Unit of China’s Fosun to sell stake in HK-listed Zhaojin Mining for $561mAfter the sale, Fosun will retain a 2.85% stake.

The LP View: Investors looking for GPs ‘of the future’What worked 15 years ago may or may not work today, says Audrey The-Dumas of Cambridge Associate…

Global investment firm Cambridge Associates has a sizeable team dedicated to identifying the “next generation” of managers amid an evolving private equity industry. “What worked 15 years ago, and has delivered returns, may or may not work today,” Audrey The-Dumas, managing director at Cambridge Associates, told DealStreetAsia in an interview.  Go to Source

Vertex-backed digital health platform Speedoc scores fresh funding

Speedoc, a Singapore-based digital health platform backed by Vertex Ventures Southeast Asia and India, has raised $17.5 million in fresh funding, according to ACRA filings accessed by DealStreetAsia – DATA VANTAGE. ACRA filings only reflect the equity funding received so far in a round and the overall funding round could be larger and/or have other… Continue reading Vertex-backed digital health platform Speedoc scores fresh funding

How Astra realised gains on its GoTo investment but Telkom Indonesia could not

Indonesia-listed tech giant GoTo can be a wealth creator or wealth eroder, depending on whom you ask. For state-owned Telkom Indonesia, for instance, its two-year-old investment in ride-hailing giant Gojek resulted in unrealised losses of 3.06 trillion rupiah ($200 million) for the period Jan-Sept 2022 (9M 2022), according to the telecom company’s latest earnings. Go… Continue reading How Astra realised gains on its GoTo investment but Telkom Indonesia could not

Asset managers PineBridge, Man Group increase China exposure on reopening hopes

Asset manager PineBridge Investments’ multi-asset team has sharply raised its China equity exposure and rival Man Group expects to expand its presence in the country with expectations that strict COVID rules will be eased. Chinese markets roared higher and the yuan rose on Friday, with about a trillion dollars added to the value of Chinese stocks in… Continue reading Asset managers PineBridge, Man Group increase China exposure on reopening hopes

India Deal Review: Startup fundraising rises 37% in Oct to $1.4b

Fundraising by Indian startups touched $1.37 billion across 87 private equity and venture capital transactions in October, registering a growth of about 37% over September, according to proprietary data compiled by DealStreetAsia. Deal value increased on the back of big-ticket deals, despite deal volume falling 23% from 115 in September. Go to Source