Ready for anything With the five-seat and 4.86 meter SUV, Mercedes primarily wants to appeal to those customers who were previously interested in the GLE. Once an electric platform has been developed, it usually happens in quick succession until different models are produced on it. The best example is Mercedes. The Stuttgart car manufacturer has… Continue reading German Handelsblatt: Electromobility: Premiere for the electric challenger – Mercedes EQE SUV to challenge BMW and Audi005450
Category: Automotive
Automotive Remote Keyless Entry System Market to grow by USD 1.13 Bn by 2026, Alps Alpine Co. Ltd, ARCO Lock & Continental AG, and Denso Corp. as key Vendors – Technavio
NEW YORK, Oct. 21, 2022 /PRNewswire/ — Technavio has been monitoring the automotive remote keyless entry system market, operating under the consumer discretionary industry. The report estimates the market to register an incremental growth of USD 1.13 billion, at a CAGR of 12.6% during the forecast period. The major growth will originate from North America by 32%.… Continue reading Automotive Remote Keyless Entry System Market to grow by USD 1.13 Bn by 2026, Alps Alpine Co. Ltd, ARCO Lock & Continental AG, and Denso Corp. as key Vendors – Technavio
Husqvarna Group accelerates its strategic transformation
STOCKHOLM, Oct. 21, 2022 /PRNewswire/ — To further accelerate its strategic transformation, Husqvarna Group is increasing investments into the company’s key sustainable value creation levers: robotic mowers, battery, watering and professional products. The incremental investments will reach SEK 400m per year by 2025. To fund these investments, and to become even more competitive, Husqvarna Group… Continue reading Husqvarna Group accelerates its strategic transformation
GM’s community EV charging program has its first North American dealer
The first General Motors dealership in North America officially installed Level 2 EV chargers Thursday morning as part of GM’s Dealer Community Charging Program. General Motors revealed its Dealer Community Charging Program a year ago, with plans to install up to 40,000 Level 2 chargers across North America. The program is an extension of its… Continue reading GM’s community EV charging program has its first North American dealer
Indonesian solar startup Xurya raises $11.5m more in Series A fundingThe additional funding was in the form of equity and convertible note agreement
Xurya, a Jakarta-based startup that develops rooftop solar panels for businesses and industries in Indonesia, has announced raising additional Series A funding from Mitsui & Co and Surya Semesta Internusa (SSIA). According to ACRA filings accessed by DealStreetAsia – DATA VANTAGE, Xurya raised $6.5 million in additional equity funding and another $5 million in convertible… Continue reading Indonesian solar startup Xurya raises $11.5m more in Series A fundingThe additional funding was in the form of equity and convertible note agreement
China’s YMTC denies report it took part in meetings on US chip restrictionsExperts say the sanctions will pose a major hurdle for China’s domestic chi…
Chinese chip maker Yangtze Memory Technologies Co (YMTC) Ltd denied a media report that it had participated in emergency meetings convened by China’s industry ministry to discuss the impact of U.S. sanctions. The company in a statement late on Thursday described the report as “false and sinister,” adding that the report had damaged its corporate image and would have serious adverse effects on the semiconductor industry environment at… Continue reading China’s YMTC denies report it took part in meetings on US chip restrictionsExperts say the sanctions will pose a major hurdle for China’s domestic chi…
Singapore BNPL players launch code of conduct to protect consumers
The Singapore FinTech Association (SFA) and eight industry players have launched a code of conduct that outlines the best practices to protect consumers in the city-state against over-indebtedness. Among others, the code of conduct states that customers cannot have over S$2,000 in outstanding payments with a “buy now, pay later” (BNPL) provider, unless they pass… Continue reading Singapore BNPL players launch code of conduct to protect consumers
India: Walmart-backed PhonePe said to be in talks to raise funds at $12b valuation
Indian digital payments firm PhonePe is in talks to raise funds in a round led by General Atlantic at a valuation of $12 billion, financial news website Moneycontrol reported on Friday, citing people aware of the matter. U.S. private equity group General Atlantic is likely to lead the round with an investment of $450 million… Continue reading India: Walmart-backed PhonePe said to be in talks to raise funds at $12b valuation
US weighs security reviews for Musk’s Twitter, Starlink deals
Biden Administration officials are discussing whether the United States should subject some of Elon Musk’s ventures to national review including the deal for Twitter Inc and SpaceX’s Starlink satellite network, Bloomberg News reported on Thursday, citing people familiar with the matter. The SpaceX chief in recent times has taken to Twitter to announce proposals to… Continue reading US weighs security reviews for Musk’s Twitter, Starlink deals
Twitter denies reports about huge layoffs post-takeover
Twitter Inc on Thursday clarified to staff that there are no plans for company-wide layoffs since it signed a deal to be acquired by billionaire Elon Musk, after a media outlet reported that Musk is considering layoffs at the company. Twitter General Counsel Sean Edgett emailed employees on Thursday saying the company does not plan… Continue reading Twitter denies reports about huge layoffs post-takeover