Around three million new public charging points are needed across Europe by 2030 if the mandated sale of EVs is to be supported adequately, up from around 375,000 in 2021. That’s an eight-time expansion in nine years, according to a report by McKinsey on behalf of the European Automobile Manufacturers’ Association. The final part of… Continue reading Inside the industry: EV transition needs massive investment
Category: Automotive
Stellantis logistics crisis to blame for ‘disastrous’ November sales
As the UK car market celebrated a return to growth in November, Stellantis suffered a “disastrous” month in which new cars went missing amid a changeover in distribution systems. Registrations of the company’s Peugeot brand more than halved in November to just 2367 – not far off Porsche numbers. Meanwhile, Citroën sales were down 13%, Fiat was down 39%… Continue reading Stellantis logistics crisis to blame for ‘disastrous’ November sales
New Mercedes-AMG S63: V8 super-PHEV packs 791bhp
The Mercedes-AMG S63 has been reborn as a plug-in hybrid (PHEV) performance saloon developing up to 791bhp. Set for UK sale early next year, the advanced saloon runs an updated version of the twin-turbocharged 4.0-litre V8 petrol engine used by its predecessor but also adopts a rear-axle-mounted asynchronous electric motor and a 13.1kWh lithium-ion battery –… Continue reading New Mercedes-AMG S63: V8 super-PHEV packs 791bhp
Munro Mk1 is electric Ineos Grenadier rival with 375bhp
Scottish start-up Munro will take on the upcoming Ineos Grenadier with a rugged, go-anywhere SUV of its own – only this one is an EV. Freshly unveiled in Edinburgh and named after the honorary title given to any Scottish mountain over 3000ft, the Munro Mk1 will arrive next year in five-door station-wagon form, with prices starting at… Continue reading Munro Mk1 is electric Ineos Grenadier rival with 375bhp
Wacker developed customized silicone for EV batteries… Demand ‘surging’
Wacker has introduced a customized silicone for EV batteries. Silicone is a synthetic polymer composed of silicon, oxygen, and other natural components, and is resistant to extreme temperature changes. It plays a role in maintaining the optimum battery temperature and increasing stability in EV. Demand for high-performance materials is also rising as global EV vehicle… Continue reading Wacker developed customized silicone for EV batteries… Demand ‘surging’
Ozi Amanat’s K2 Global raises $300m to invest in tech startupsThe solo VC is expanding in Singapore and Miami.
K2 Global, the venture capital firm founded by Singapore- and US-based solo venture capitalist Ozi Amanat, has announced raising $300 million in capital commitments to continue investing in technology startups. The venture firm, founded in 2015, said it will invest in fintech, food tech, consumer tech, deep tech, machine learning, and artificial intelligence startups. It… Continue reading Ozi Amanat’s K2 Global raises $300m to invest in tech startupsThe solo VC is expanding in Singapore and Miami.
Sunshine Insurance to price shares at bottom of range in Hong Kong IPOThe IPO is the second largest in Hong Kong in 2022.
China’s Sunshine Insurance Group plans to price its shares at HK$5.83 each in its Hong Kong initial public offering to raise HK$6.7 billion ($863 million), according to two sources with direct knowledge of the matter. The sources could not be named as the information was not yet public. Sunshine Insurance did not immediately respond to a request for comment. At… Continue reading Sunshine Insurance to price shares at bottom of range in Hong Kong IPOThe IPO is the second largest in Hong Kong in 2022.
The LP View: Orient Growth sees opportunities to connect Europe with SE Asia, IndiaThe firm sees these markets as offering the best opportunity to inv…
The Netherlands-based venture capital firm Orient Growth Ventures is betting big on Southeast Asia and India, two regions it expects to grow rapidly over the next few decades. Smelling a strong opportunity here, the firm set up a fund-of-funds dedicated to these regions in 2019 and closed its first vehicle at $25 million in 2020. As… Continue reading The LP View: Orient Growth sees opportunities to connect Europe with SE Asia, IndiaThe firm sees these markets as offering the best opportunity to inv…
India Deal Review: Indian startup fundraising dips a tad to $1.3b in Nov
Venture funding in Indian startups dipped marginally to touch nearly $1.3 billion in November, compared with $1.4 billion in the previous month, show proprietary data compiled by DealStreetAsia. Deal volume in November, though, moved in the opposite direction. There were 131 private equity and venture capital transactions in the month versus 87 transactions in October,… Continue reading India Deal Review: Indian startup fundraising dips a tad to $1.3b in Nov
Lazada receives another $342.5m capital infusion from Alibaba
E-commerce major Lazada’s Southeast Asian entity has received another $342.5 million in capital infusion from its parent company Alibaba, according to recent filings with Accounting Corporate and Regulatory Authority (ACRA) accessed by DealStreetAsia DATA VANTAGE. This brings the total investment made by Alibaba into the Southeast Asian e-commerce firm to $1.6 billion since the beginning… Continue reading Lazada receives another $342.5m capital infusion from Alibaba