Singapore-based private equity firm PrimeMovers Equity has partnered with London-headquartered investor Lingotto Investment Management to acquire a majority stake in Malaysian company EngTek Group. EngTek Group is a die-casting and precision machining components manufacturer based in Penang, Malaysia. The transaction values the company at about S$150 million (about $112 million), according to the announcement. PrimeMovers… Continue reading SG’s PrimeMovers partners Linggotto to pick majority in Malaysia’s EngTek
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Clean Technica: Loophole: How Ineligible Electric Cars Can Still Qualify for $7,500 Tax Credit002761
Recent changes to federal regulations deemed certain electric vehicles no longer eligible for the full $7,500 tax credit. However, a loophole has been spotted that restores eligibility to nearly any EV, whether from Tesla or other automakers. After the list of EVs qualifying for the full credit was cut significantly last month, some have discovered… Continue reading Clean Technica: Loophole: How Ineligible Electric Cars Can Still Qualify for $7,500 Tax Credit002761
Clean Technica: Let’s Race! Musk’s All-Electric F1 Vs. Horner’s E10-Fueled F1002760
Do you know that the Formula E season is past its halfway point for 2023? Can you name any of the drivers, or who’s winning the championship at this point, or which constructors are in the series? What about Extreme E? Can you recite any of the ways that this series differs from Formula E… Continue reading Clean Technica: Let’s Race! Musk’s All-Electric F1 Vs. Horner’s E10-Fueled F1002760
Cleantechnica: Tesla Leads Auto World In Operating Margin, Model Y Best Selling Car In World — 17 Tesla Meeting Highlights 002759
Tesla’s 2023 annual shareholder meeting was a few hours ago. Many of the things presented there were already presented in the company’s Master Plan Part 3, Investor Day presentation, and previous quarterly shareholder conference calls. However, let’s look at a few of the highlights. First of all, as many have been hoping, or at least… Continue reading Cleantechnica: Tesla Leads Auto World In Operating Margin, Model Y Best Selling Car In World — 17 Tesla Meeting Highlights 002759
Scientists Detect Radioactive Heat Source Inside Mars
The planet is covered in a surprisingly thick armor. Radioactive, Radioactive A team of researchers at ETH Zurich in Switzerland say they’ve figured out how thick the Martian crust is by analyzing data obtained by NASA’s Mars InSight lander. The discovery led them to an interesting conclusion: the planet’s main source of heat, being produced… Continue reading Scientists Detect Radioactive Heat Source Inside Mars
Amazing 3D Scan Shows the Titanic If All the Water Was Drained Out
The detail is jaw-dropping. Mysterious New 3D scans of the Titanic just dropped — and dear reader, they’re absolutely incredible. As the BBC reports, these mind-blowing scans are the first of their kind and show in amazing detail how the entire wreck, which sunk 111 years ago, would look if the whole thing were to be… Continue reading Amazing 3D Scan Shows the Titanic If All the Water Was Drained Out
Montana’s governor signs bill banning TikTok
The law is scheduled to take effect in 2024. Montana’s TikTok ban is now official. Governor Greg Gianforte signed a bill banning the app in the state, one month after it was passed by the state’s legislature. The law is scheduled to take effect in 2024, though legal challenges could potentially delay that timeline. The… Continue reading Montana’s governor signs bill banning TikTok
US adults are spending less time on Twitter since Elon Musk took over
Pew Research found a majority of US users took a break from the platform over the past year. We’re starting to get a clearer picture of how Elon Musk’s takeover of Twitter has changed the platform. According to new data from Pew Research, a “majority” of US Twitter users have “taken a break” from the… Continue reading US adults are spending less time on Twitter since Elon Musk took over
BMW’s all-electric luxury boat comes with a custom Hans Zimmer soundtrack
It has Dolby Atmos and probably costs more than your home. Electric cars have certainly gone mainstream over the past decade or so, with many auto manufacturers shifting at least some of their production over to battery-powered cars. But going from gas to electric in other forms of transportation hasn’t really taken off in quite… Continue reading BMW’s all-electric luxury boat comes with a custom Hans Zimmer soundtrack
Astronomers identify volcano-covered planet that could have water on its surface
LP 791-18 d is located about 90 light-years away from Earth. Astronomers have found a planet they believe is blanketed by active volcanoes. In a study published Tuesday in the journal Nature, a multi-national team of scientists said they discovered an Earth-sized exoplanet they believe may have water on part of its surface. The boringly… Continue reading Astronomers identify volcano-covered planet that could have water on its surface