Tesla is one of LG Energy Solution’s major customers for EV batteries. Image: Tesla LG Energy Solution said on Monday that it will spend 4 trillion won, or approximately $3.07 billion, up until 2026 to expand its electric vehicle (EV) battery production in South Korea. The funds will go into expanding and building new battery… Continue reading LG Energy Solution to spend $3 billion to expand EV battery production in South Korea
Category: Tech News
Category Added in a WPeMatico Campaign
Taiwan investigates TikTok for suspected illegal operationsTaiwan prohibits a wide range of Chinese business ops on the island.
Taiwan’s government has opened a probe into Chinese-owned social media platform TikTok on suspicion of illegally operating a subsidiary on the island, though the company’s owner denied the accusation. TikTok, which is not widely used in Taiwan, has come under pressure mostly in the United States on concerns about China getting access to users’ personal data, which… Continue reading Taiwan investigates TikTok for suspected illegal operationsTaiwan prohibits a wide range of Chinese business ops on the island.
Over 40 VCs commit to invest a total of $1.5b in Vietnamese startups by 2025
Venture capital firms have committed to invest $1.5 billion in Vietnam over the course of the next three years, the organisers of the Vietnam Venture Summit 2022 announced on Monday. The organisers, including Singapore-based Golden Gate Ventures and the Vietnam National Innovation Centre, also expect that Vietnam-based tech founders will raise as much as $5… Continue reading Over 40 VCs commit to invest a total of $1.5b in Vietnamese startups by 2025
Kia’s EV6 GT crams performance into a great EV
The Kia EV6 is an outstanding EV based on the Hyundai Motor Group’s E-GMP architecture. One of the more impressive elements of the crossover is that it charges at 240kW at compatible DC fast charging stations. That’s quicker than offerings from Mercedes, Volkswagen, BMW and Ford, and it means less time at a station and… Continue reading Kia’s EV6 GT crams performance into a great EV
Crypto bourse OKX resumes trading after outage due to Alibaba Cloud failure“Funds are safe,” OKX had tweeted after announcing the failure on Sunday at…
OKX, the tenth largest crypto exchange in the world by volume, has resumed trading “several hours” after the firm was hit by a hardware failure at Alibaba Cloud. “There is currently an intermittent connection error with our cloud provider [Alibaba Cloud], which is affecting the user experience. Our dev team is resolving it with them.… Continue reading Crypto bourse OKX resumes trading after outage due to Alibaba Cloud failure“Funds are safe,” OKX had tweeted after announcing the failure on Sunday at…
People Digest: Cooley names new partner in Shanghai; PineBridge makes senior hire in SE Asia
Law firm Cooley has announced the appointment of a former Morrison & Foerster executive as its new China partner, while US asset manager PineBridge has made a senior hire in Southeast Asia. Cooley appoints Ruomu Li in Shanghai office Law firm Cooley has announced the appointment of Ruomu Li as partner in the firms’ business… Continue reading People Digest: Cooley names new partner in Shanghai; PineBridge makes senior hire in SE Asia
NZ Super Fund commits $100m to Wellington Management’s climate-focused vehicle
NZ Super Fund, New Zealand’s sovereign wealth fund, announced that it has committed $100 million to an investment vehicle that focuses on climate change mitigation and adaptation. The commitment is for Wellington Management’s Climate Innovation Fund I (CIF), which will invest in companies developing products and solutions in sectors such as energy transformation, sustainable buildings… Continue reading NZ Super Fund commits $100m to Wellington Management’s climate-focused vehicle
Gojek plans to increase Singapore drivers’ service fee from Feb; cites higher demand
Gojek’s drivers in Singapore will have to pay higher service fees to the tech company next year, the company announced on Monday, citing improved demand and strong overall recovery from the pandemic. “As Singapore continues to recover strongly from the pandemic, with more people using ride-hailing services, it is prudent for us to review our… Continue reading Gojek plans to increase Singapore drivers’ service fee from Feb; cites higher demand
Hong Kong-based COVID-19 testing firm Prenetics buys ACT Genomics
Hong Kong-based Prenetics Global Limited is buying a majority stake in ACT Genomics, a Nasdaq-listed company specialising in precision oncology in Asia, as it looks to build an ecosystem extending beyond COVID-19 testing. Prenetics, which went public in May through a $1.7-billion SPAC merger with Artisan Acquisition, has agreed to pay $20 million in cash… Continue reading Hong Kong-based COVID-19 testing firm Prenetics buys ACT Genomics
Cleantechnica: Toyota Is Shifting Its Electric Vehicle Plans To Become More Like Tesla002465
Just as many automakers are faced with major changes in the emerging electric vehicle market, Toyota is reportedly looking to shift its plans to become more like Tesla. The Japanese automaker is one of many hoping to reach Tesla’s level of profitability in the EV sector, and it’s now readying to unveil a new business… Continue reading Cleantechnica: Toyota Is Shifting Its Electric Vehicle Plans To Become More Like Tesla002465