The property developer said last month it was considering a spin-off and separate listing for the unit, which is called Mangrove 3 Ltd. The introduction of strategic investors will enhance the corporate profile of the business and support its growth, it said in a filing late on Thursday. Fourteen investors bought into the deal, including… Continue reading Evergrande sells $3b property management unit stake ahead of possible IPO
Tag: Strategy
FreeWire Deploys Next Generation Ultrafast Electric Vehicle Charging at Convenience Stores
Boost Charger easily connects with ampm‘s existing infrastructure, allowing the system to be installed in hours without requiring expensive new grid power supply. Boost Charger can be powered from a single-phase connection and installed in places that previously could not support higher power demand. “Fueling stations and convenience stores have had very few options to… Continue reading FreeWire Deploys Next Generation Ultrafast Electric Vehicle Charging at Convenience Stores
VECV to acquire bus business of Volvo Group India
VE Commercial Vehicles Limited (VECV), a subsidiary of Eicher Motors has entered into a Business Transfer Agreement with Volvo Group India for acquisition of the bus business of Volvo Group (VGIPL) for a cash consideration of Rs 100.5 crore. The agreement entails manufacture, assembly, distribution and sale of Volvo buses in India, and other rights forming part… Continue reading VECV to acquire bus business of Volvo Group India
@Ford: The Lincoln Retreat: Lincoln, Calm Collaborate with Expanded Focus on Wellbeing On and Off the Road
The Lincoln Motor Company builds on its effortless experiences by bringing Calm, the No. 1 app for mental fitness, to its clients in North America; collaboration launches ahead of #NationalRelaxationDay Lincoln and Calm are offering all Lincoln clients a one-year premium membership to Calm through the Lincoln Way app, providing a little more peace and… Continue reading @Ford: The Lincoln Retreat: Lincoln, Calm Collaborate with Expanded Focus on Wellbeing On and Off the Road
GM to hand off ventilator production to Ventec
Detroit — General Motors Co. plans to hand off control of its ventilator production to its partner on the project, Ventec Life Systems. GM and Ventec have so far delivered more than 20,000 ventilators to the U.S. Strategic National Stockpile for the U.S. Department of Health and Human Services and they are on track to complete a federal government… Continue reading GM to hand off ventilator production to Ventec
@Geely: LEVC announces new VN5 converter strategy
LEVC (London Electric Vehicle Company) is developing a comprehensive conversion programme for its highly anticipated VN5 electric van. LEVC has already deployed a small fleet of converted TXs to provide VN5 ‘prototype’ vehicles for trials with partners such as DPD, Royal Mail and Octopus Energy to showcase the electric van’s competence in difference working environments.… Continue reading @Geely: LEVC announces new VN5 converter strategy
Vitesco Technologies Supplies the Drive Control Unit for the Volkswagen ID.3 Electric Car
Regensburg company is the sole supplier of the drive control unit for Volkswagen’s MEB platform The central electric drive component is ready for volume manufacturing – allows software to be updated at any time Regensburg, August 12, 2020. Electric mobility is gaining momentum with a multitude of new models set to hit the road over… Continue reading Vitesco Technologies Supplies the Drive Control Unit for the Volkswagen ID.3 Electric Car
@BMW: More than seven million vehicles with all-electric or plug-in hybrid drive systems by the year 2030.000480
Munich. With a ten-year plan for sustainability, the BMW Group is underscoring its commitment to the goals of the Paris climate agreement, the main focus being on the expansion of electric mobility. Today, the BMW and MINI brands featuring all-electric and plug-in hybrid drive systems respectively already account for approximately 13.3 of all new registrations… Continue reading @BMW: More than seven million vehicles with all-electric or plug-in hybrid drive systems by the year 2030.000480
How Moovit went from opportunity to a $900M exit in 8 years
Private investor (and former Moovit president) Omar Téllez shares the inside story Omar Téllez 12 hours Omar Téllez Contributor Omar Téllez is a private investor in several tech companies based in LatAm and Silicon Valley. A member of Niantic’s executive team, he was previously president of Moovit. More posts by this contributor Top VCs Are… Continue reading How Moovit went from opportunity to a $900M exit in 8 years
@niche: Workhorse Group Reports Second Quarter 2020 Results
CINCINNATI, Aug. 10, 2020 /PRNewswire/ — Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, today reported financial results for the second quarter ended June 30, 2020. Workhorse Group Inc. Logo More Release Updates and Highlights Officially began production… Continue reading @niche: Workhorse Group Reports Second Quarter 2020 Results