The market managed to grow 12.7% in September, but compared to the same month in 2019 it fell 17.7% Registrations of light commercial vehicles fell by 3.6% compared to the same month of the previous year, with 9,571 units Sales of industrial vehicles, buses, coaches and microbuses increased by 18.6% in September with 2,351 units… Continue reading Registrations accumulate an annual decline of 7.4% despite the improvement in September
Category: Automotive
EA starts rolling out a new PC app to replace Origin
It has been two years since EA announced it was working on a replacement for its Origin PC client, and it’s now starting to roll out the new app to Windows users. The publisher claims that the EA app, which has just concluded its open beta phase, is its fastest and lightest PC client to… Continue reading EA starts rolling out a new PC app to replace Origin
New Nio ET5 electric saloon confirmed for UK in 2023
Growing Chinese premium EV brand Nio will make its UK debut late next year, company founder and CEO William Li said at Nio’s launch in Germany on Friday. The brand will launch with its mid-sized Nio ET5 saloon, a rival to the Tesla Model 3, and other models more suited in size to the UK market, Li said.… Continue reading New Nio ET5 electric saloon confirmed for UK in 2023
Brazil unit of China Three Gorges to file for $1b IPOChina Three Gorges had an installed capacity of 8.28 gigawatts in Brazil in 2018.
The Brazilian unit of power company China Three Gorges Corp is expected to file this month for an initial public offering, aiming to raise $1 billion, three people with knowledge of the matter said on Friday. CTG Brasil hired the investment banking units of Citigroup, Bank of America, Itau Unibanco Holding, Banco Bradesco SA and Banco BTG Pactual, the sources added, requesting anonymity to disclose private discussions. Citi… Continue reading Brazil unit of China Three Gorges to file for $1b IPOChina Three Gorges had an installed capacity of 8.28 gigawatts in Brazil in 2018.
PE firms more open to co-investing with VCs as lines get blurredPE investors feel business models have shifted towards the digital sector post-pandemi…
Growth-stage private equity (PE) firms are looking to invest alongside venture capital (VC) firms as they seek a slice of the fast-growing technology and digitalisation space, according to a seasoned investor. “Given that we are more of a growth-stage investor, we like to be the only one in the cap table from an institutional investor… Continue reading PE firms more open to co-investing with VCs as lines get blurredPE investors feel business models have shifted towards the digital sector post-pandemi…
Lazada South East Asia reports shrinking revenue, surging losses in FY2021
Alibaba-owned e-commerce company Lazada South East Asia Pte. Ltd. racked up mounting losses in the financial year ended March 31, 2021, on the back of shrinking revenue, its latest regulatory filings show. The firm’s revenue more than halved to $556,000 from $1.6 million the year before, according to its filings with Singapore’s Accounting and Corporate… Continue reading Lazada South East Asia reports shrinking revenue, surging losses in FY2021
US intensifies assault on China’s chip ambitions with fresh export controls
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Rivian voluntarily recalls 13,000 EVs for a potential loose fastener
Rivian informed customers Friday that it is conducting a voluntary recall of all 13,000 vehicles it has delivered so far due to a loose fastener. The fastener, which may not have been sufficiently torqued on a small percentage of vehicles, connects the front upper control arm and steering knuckle. This can cause loose and vibrating tires.… Continue reading Rivian voluntarily recalls 13,000 EVs for a potential loose fastener
Recreational Vehicle(RV) Market to grow by USD 28.62 Mn by 2026, Increasing adoption of RV by different generations of consumers to boost market growth- Technavio
NEW YORK, Oct. 7, 2022 /PRNewswire/ — Technavio has been monitoring the recreational vehicle (RV) market, operating in the Leisure Products industry. The report estimates the market to register an incremental growth of USD 28.62 bn, at a CAGR of 7.48% during the forecast period. Continue Reading Technavio has announced its latest market research report titled… Continue reading Recreational Vehicle(RV) Market to grow by USD 28.62 Mn by 2026, Increasing adoption of RV by different generations of consumers to boost market growth- Technavio
KAG Acquires Carbon Express
WHARTON, N.J., Oct. 7, 2022 /PRNewswire/ — Carbon Express Inc. (“Carbon Express”) announced that it has completed the sale of 100% of the company to The Kenan Advantage Group, Inc., (“KAG”). Carbon Express is a Wharton, New Jersey- based company that transports liquid bulk products throughout North America, including chemicals, transformer oil, motor oil, lubricants… Continue reading KAG Acquires Carbon Express