Lotus Technology, the technology arm of sports car brand Lotus, said on Wednesday it had completed a fundraising that valued the business at nearly $4.5 billion. The unit, part of Group Lotus which is in turn owned jointly by Chinese automaker Geely and Malaysia’s Etika Automotive, said it would use the proceeds for product innovation and developing global distribution networks. Reuters reported in 2021 that Lotus Technology was… Continue reading China’s Geely-owned Lotus Technology valued at $4.5b in fundraising
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Logitech’s G Cloud Gaming Handheld arrives in October for $349.99
/ Logitech has worked with Tencent, Microsoft, and Nvidia Logitech’s new handheld is all about the cloud.Image: Logitech Logitech is officially announcing its G Cloud Gaming Handheld today after a teaser and a leak last month. The Android-powered $349.99 handheld will arrive in October, with access to the Google Play Store, Xbox Cloud Gaming, and… Continue reading Logitech’s G Cloud Gaming Handheld arrives in October for $349.99
Your car should be able to tell if you’re too drunk or impaired to drive, NTSB says
/ The safety board is also recommending intelligent speed adaptation systems to curb reckless driving NTSB wants cars that can detect drunk driving and automatically manage speed limits.Photo by Tayfun Coskun / Anadolu Agency via Getty Images The National Transportation Safety Board, the federal agency responsible for investigating vehicle and aviation crashes, called on the… Continue reading Your car should be able to tell if you’re too drunk or impaired to drive, NTSB says
Ted Lasso’s AFC Richmond is coming to FIFA 23
EA has announced a number of deals about major teams and leagues being featured in the newest — and final — FIFA game. Now, we have news of a fake team — AFC Richmond, the fictional club from Ted Lasso, will be playable in FIFA 23. The team will be available in a handful of… Continue reading Ted Lasso’s AFC Richmond is coming to FIFA 23
Kia plans to build EVs in the US to comply with new federal tax credit
/ Kia will have to play ball once the law goes into effect Photo by Roberto Baldwin for The Verge Kia is planning to manufacture its electric vehicles in the US, according to South Korean media sources Maeil Business and SBS (via The EV Officials). The automaker currently builds its flagship electric car and North… Continue reading Kia plans to build EVs in the US to comply with new federal tax credit
People Digest: Grab appoints group CTO; Indosuez Wealth Management appoints SG market headsParadatheth was Grab’s first technical lead when the compan…
Grab has promoted Suthen Thomas Paradatheth to group chief technology officer while Indosuez Wealth Management has appointed two market heads for its Singapore branch. Paradatheth named Grab group CTO Southeast Asia’s superapp Grab has announced that it has promoted Suthen Thomas Paradatheth to group chief technology officer (GCTO), effective October 1, 2022. As Grab’s GCTO,… Continue reading People Digest: Grab appoints group CTO; Indosuez Wealth Management appoints SG market headsParadatheth was Grab’s first technical lead when the compan…
Japan consortium exploring other options for Toshiba restructuring, per reports
A Japanese consortium chosen in the first round of bids to restructure Toshiba Corp has decided to explore other options, Kyodo news reported on Wednesday. Japan Investment Corp (JIC) is considering a second proposal for Toshiba, breaking off with Japan Industrial Partners (JIP), according to Kyodo. Conglomerate Toshiba is looking at a number of restructuring… Continue reading Japan consortium exploring other options for Toshiba restructuring, per reports
HappyFresh resumes grocery deliveries in Indonesia after raising fresh funding
Grocery delivery startup HappyFresh has raised fresh funding and resumed operations in its biggest market Indonesia. However, it will cease operations in Thailand and Malaysia, the company said in a statement on Wednesday. HappyFresh said it received a “fresh funds injection” and reinstated its top executives including CEO Guillem Segarra, CFO Frederic Verin, and COO… Continue reading HappyFresh resumes grocery deliveries in Indonesia after raising fresh funding
China digest: Lighthouse sets up SG office; WeView raises $57m; Merck’s incubation programme
Chinese financial advisory firm Lighthouse Capital has set up a new office in Singapore; energy storage firm WeView has snapped up $57 million; and global healthcare firm Merck has launched an incubation programme with Hong Kong Science and Technology Parks Corp (HKSTP). Lighthouse Capital announces new office in Singapore Lighthouse Capital, which has facilitated investments… Continue reading China digest: Lighthouse sets up SG office; WeView raises $57m; Merck’s incubation programme
Volvo’s EX90 electric SUV will have laser sensors and cameras that can detect drunk driving
/ The new EV will be revealed November 9th Volvo’s Concept Recharge, released in 2021, is meant to preview the upcoming EX90 SUV.Image: Volvo Volvo announced that it will unveil its new flagship electric vehicle, the EX90 SUV, on November 9th. The EX90 is meant to replace the company’s current flagship, the gas-powered XC90 SUV,… Continue reading Volvo’s EX90 electric SUV will have laser sensors and cameras that can detect drunk driving