Chinese electric-car maker Nio said that in 2024 it will start making high-voltage battery packs that it has developed itself, as part of a drive to improve profitability and competitiveness to take on rivals such as Tesla. Nio, plans to start producing an 800-volt battery pack in the second half of 2024, its chairman William Li told… Continue reading Chinese EV maker Nio to make self-developed battery packs from 2024 …
Category: Automotive
Investors are both eager and uneasy as China signals end of crackdown on tech sector
As Chinese authorities signal that a two-year crackdown on the domestic technology sector is over, global investors are relieved and yet loath to take the government at its word. Foreign investors have been returning to mainland markets since May as its stringent COVID-19 lockdowns ease and after pledges from China’s highest policymakers, including Vice Premier… Continue reading Investors are both eager and uneasy as China signals end of crackdown on tech sector
Rising interest rates spell trouble for Buy Now Pay Later business model
Reduced consumer spending, rising interest rates and trickier credit conditions spell trouble for Buy Now Pay Later lenders, raising the prospect of consolidation in the sector. Buy Now Pay Later (BNPL) firms have created one of the fastest-growing segments in consumer finance, with transaction volumes hitting $120 billion in 2021 up from just $33 billion in 2019, according to… Continue reading Rising interest rates spell trouble for Buy Now Pay Later business model
GoTo aims to review spending, optimise expenses to extend runway
Indonesia-listed technology group PT GoTo Gojek Tokopedia (GoTo) is reviewing its spending as part of efforts to extend its runway, according to a top executive, as the group prepares to leave its cash-burning days behind. GoTo President Patrick Cao, in a public expose on Friday, said the technology group has a “very clear path to… Continue reading GoTo aims to review spending, optimise expenses to extend runway
@FCA: Roadkill Nights Powered by Dodge Returns Legal Street Racing to Woodward Avenue
June 10, 2022 , Auburn Hills, Mich. – Gearheads and performance lovers are receiving a much anticipated invitation: the seventh edition of MotorTrend Presents Roadkill Nights Powered by Dodge is set for Saturday, August 13, 2022, when legal street drag racing will roar back to life on metro Detroit’s famed Woodward Avenue. The announcement opens another garage… Continue reading @FCA: Roadkill Nights Powered by Dodge Returns Legal Street Racing to Woodward Avenue
Velodyne Lidar CMO Sally Frykman Named Finalist for Sensors Converge Award
SAN JOSE, Calif.–(BUSINESS WIRE)– #Lidar–Velodyne Lidar announced its CMO Sally Frykman has been named a finalist for the Woman of the Year award from Sensors Converge and Fierce Electronics. Go to Source
Now Hiring: SpeedBird Puts Pilots First as Florida’s Fastest Growing Private Air Charter Expands with New Aircraft
ORLANDO, Fla., June 10, 2022 /PRNewswire/ — Florida’s fastest growing private air charter service is seeking qualified captains and first officers as the company expands its fleet. SpeedBird, a division of The HeliTeam, offers a pilot-first culture with best-in-class compensation and benefits for experienced flight teams. Pilots enjoy an unrivaled work-life balance with an 8/6… Continue reading Now Hiring: SpeedBird Puts Pilots First as Florida’s Fastest Growing Private Air Charter Expands with New Aircraft
Rajiv Bajaj takes a dig at mushrooming growth of EV startups
Pune:Bajaj Auto Managing Director Rajiv Bajaj on Friday took a dig at the mushrooming growth of the EV startups and series of fire incidents in some electric vehicles in the recent past, questioning their underlying process of manufacturing. Speaking at the inauguration of Bajaj Auto’s wholly-owned subsidiary Chetak Technology Ltd‘s dedicated electric vehicle manufacturing facility… Continue reading Rajiv Bajaj takes a dig at mushrooming growth of EV startups
Vehicle sales in May hold on to green; but PVs, 2Ws far below previous records: SIAM
Passenger vehicles during the month were up 185% to 251,052 units as against 88,045 units in the corresponding month of last year New Delhi: Automobile wholesales in May 2022 were up 245% to 1,532,809 units in May 2022 and the year-on-year sales were in green across the segments, according to the latest data by the… Continue reading Vehicle sales in May hold on to green; but PVs, 2Ws far below previous records: SIAM
What are India’s top exports and imports and why CAD may surge to a 3-year high?
NEW DELHI:India‘s current account deficit is likely to surge to a three-year high of 1.8% or USD 43.81 billion in financial year 2022, as against a surplus of 0.9% or USD 23.91 billion in FY21, said India Ratings in a report. If the value of goods and services a country imports exceeds the value of… Continue reading What are India’s top exports and imports and why CAD may surge to a 3-year high?