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The Station: Arrival slashes EV targets, more Tesla FSD controversy and NHTSA loses its captain
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Concerns and… Continue reading The Station: Arrival slashes EV targets, more Tesla FSD controversy and NHTSA loses its captain
Porsche signs 25-year solar energy deal
Apparently, solar power is hot right now. Porsche said Monday that it plans to build and operate a solar power microgrid at its U.S. headquarters in Atlanta, reducing its annual carbon emissions by 3.2 million pounds. The news came days after Ford announced what it called the largest-ever renewable energy purchase from a utility in… Continue reading Porsche signs 25-year solar energy deal
Buying an EV is about to be a pain in the ass, thanks to stricter tax credits
Volkswagen “cannot guarantee” that its ID.4 compact electric SUV will be eligible for the new electric vehicle tax credits that are set to go into effect after President Joe Biden signs the Inflation Reduction Act. The automaker isn’t alone in its confusion. The auto industry is scrambling to adjust to the new rules requiring that… Continue reading Buying an EV is about to be a pain in the ass, thanks to stricter tax credits
Ola Electric plans to start producing electric cars in India by 2024The electric cars will have a range of up to 500 km, said chief executive Bhavish …
Indian ride-hailing firm Ola Electric plans to start producing electric cars in India in 2024 with a range of up to 500 km (310 miles), Chief Executive Bhavish Aggarwal said on Monday. Ola, which is backed by Japan’s Softbank Group and currently makes e-scooters, did not give an investment figure or production target. Aggarwal said that while… Continue reading Ola Electric plans to start producing electric cars in India by 2024The electric cars will have a range of up to 500 km, said chief executive Bhavish …
Vietnam Digest: NextTech invests $6.4m in Boxme; Society Pass acquires Indonesian traveltech firm NusaTrip
Vietnam-based e-commerce logistics startup Boxme has raised VND150 billion ($6.4 million) in a funding round from local technology firm NextTech Group and digital payment platform Ngan Luong. Separately, loyalty and e-commerce firm Society Pass has acquired NusaTrip, a Jakarta-based online travel agency in Indonesia and across Southeast Asia. NextTech invests $6.4m in Boxme Vietnam-based e-commerce… Continue reading Vietnam Digest: NextTech invests $6.4m in Boxme; Society Pass acquires Indonesian traveltech firm NusaTrip
Navis Capital Partners to exit B Medical Systems, strikes two new investments
Southeast Asian private equity firm Navis Capital Partners will be selling its entire stake in Luxembourg-based medical cold chain solutions provider B Medical Systems (B Med) to Nasdaq-listed life sciences firm Azenta Inc, Navis said in a statement. Azenta said in a separate announcement that it will pay 410 million euros (around $418 million at current… Continue reading Navis Capital Partners to exit B Medical Systems, strikes two new investments
Hong Kong audit regulator expands probe into Evergrande’s property services unit
Hong Kong‘s audit regulator said on Monday it has initiated an enquiry into the financial statements of China Evergrande Group’s property services unit and its former auditor after questions were raised following the developer’s probe into seized deposits worth $2 billion of the unit. The Financial Reporting Council (FRC) said in a statement it was investigating the 2020 and first half of 2021 financial… Continue reading Hong Kong audit regulator expands probe into Evergrande’s property services unit
Delisting of China’s state-owned firms from NYSE could pave way for audit deal with US, analysts say
The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) could pave the way for Beijing to strike an audit deal with the United States, ending a more than decade-old dispute, analysts and advisers said on Monday. The five SOEs, including oil major Sinopec and China Life Insurance, whose audits have been under scrutiny by the U.S. securities regulator, said on Friday they would… Continue reading Delisting of China’s state-owned firms from NYSE could pave way for audit deal with US, analysts say
Space Force takes robot patrol dogs for a walk
U.S. Space Force photo by Senior Airman Samuel Becker If you happened to be sneaking onto Cape Canaveral Space Force Station in late July, you wouldn’t have made it far. Last month, Space Force conducted a demonstration where two robot dogs built by Ghost Robotics conducted patrols in advance of potential broader adoption of the… Continue reading Space Force takes robot patrol dogs for a walk