HSBC‘s bosses will meet retail investors on Tuesday in Hong Kong, the biggest market for Europe’s largest lender, seeking to convince them their strategy to operate as a global bank is vital to boosting growth. The London-headquartered group is under pressure from its largest shareholder, Ping An Insurance Group Co of China Ltd, to explore options including spinning off its mainstay Asia business to increase… Continue reading HSBC reaches out to HK investors after rejecting Ping An’s break-up offer
Category: Tech News
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Toyota and Panasonic secure US lithium to boost EV capacity
Toyota Motors is boosting its US EV capacity with a new supply agreement with Ioneer LTD’s Rhyolite Ridge mining project. According to the new deal, Ioneer will supply 4,000 tonnes of lithium carbonate annually to the Toyota-Panasonic battery venture. Lithium, a critical component of EV batteries, is in high demand as electric vehicle sales continue… Continue reading Toyota and Panasonic secure US lithium to boost EV capacity
Tesla deploys swimming pool at Supercharger station
Tesla has decided to deploy a swimming pool at a Supercharger station in Germany as the automaker is starting to invest more into amenities around its charging stations. But that’s a whole new level of charging amenities, even for Tesla. Last week, we reported that Tesla deployed new cube lounges at a Supercharger station with… Continue reading Tesla deploys swimming pool at Supercharger station
SG’s Singtel to invest $100m more in corporate venture arm Singtel Innov8This raises its total capital commitment in Singtel Innov8 to $350m
Singapore Telecommunications (Singtel) plans to invest a further $100 million into Singtel Innov8, its corporate venture arm, raising its total capital commitment to $350 million, according to an announcement. Innov8 invests in startups that align with Singtel Group’s businesses in the areas of 5G, artificial intelligence, the digital economy, sustainability, cyber security and emerging technologies.… Continue reading SG’s Singtel to invest $100m more in corporate venture arm Singtel Innov8This raises its total capital commitment in Singtel Innov8 to $350m
Data Vantage: Axcynsis, Morning and Pintarnya report funding updates
Axcynsis Therapeutics, a Singapore-based biotech startup that develops antibody-drug conjugates (ADCs) for cancer therapy and was formerly known as Tetris Therapeutics, received $10 million last week as part of a $15 million seed round announced in May. ADCs, one of the fastest-growing cancer therapies globally, are projected to exceed $16.4 billion in sales in 2026.… Continue reading Data Vantage: Axcynsis, Morning and Pintarnya report funding updates
Clean Tecnica: World 1st: Tesla Batteries Providing Inertia Services At Scale 002148
Let’s start with the ABCs: what are inertia services on an electricity grid? Even before that, what is inertia in a grid setting? Most of us should remember “inertia” from our younger years in primary school. Inertia is an object’s natural inclination to just keep moving (if it weren’t for friction) or just keep sitting… Continue reading Clean Tecnica: World 1st: Tesla Batteries Providing Inertia Services At Scale 002148
Cleantechnica: Why Women Are Slow To Embrace EVs002147
In the US and China, women typically make up less than a third of new EV buyers. Automakers around the world are having a tough time getting women to embrace EVs. It’s hard to understand, as studies show that environmental issues and climate change are more important to women than men. What’s inhibiting women from… Continue reading Cleantechnica: Why Women Are Slow To Embrace EVs002147
Cleantechnica: Sweden’s Plugin EV Revolution Continues To March Forward 002146
July saw plugin electric vehicles take 50.1% market share in Sweden, up from 37.6% year on year. Overall auto market volume was 17,834 units, up 6% Yoy, though still some 25% down from pre-pandemic norms for July. The best selling full electric was the Volkswagen ID.4. July’s combined plugin share of 50.1% comprised 26.3% full… Continue reading Cleantechnica: Sweden’s Plugin EV Revolution Continues To March Forward 002146
Clean Technica: Record EV Sales Month Globally! 12% Share For BEVs!002145
Yep, the EV disruption many of us were dreaming of for years is finally happening, and the proof is that despite all the stuff happening right now — pandemic(s), war, inflation, material shortages, etc., etc. (imagine telling what happened in the past two years to our past selves of June 2020 — they would freak… Continue reading Clean Technica: Record EV Sales Month Globally! 12% Share For BEVs!002145
Shocking New Images Show Major US Lake Drop To Lowest Recorded Water Levels
“It’s clear the lake is in trouble.” Eagle Eye The once mighty Great Salt Lake in Utah is now at its lowest level since records began in 1847, sitting at a measly 4,190 ft above sea level — that’s almost ten feet lower than the original recorded level, according to the US Geological Survey. Satellite… Continue reading Shocking New Images Show Major US Lake Drop To Lowest Recorded Water Levels