By Devjyot Ghoshal BANGKOK, July 20 (Reuters) – Chinese automakers dominated Southeast Asia’s fast-growing electric vehicle market, selling three out of every four EVs in the first quarter, research firm Counterpoint Research said on Thursday. Thailand – the main regional auto manufacturing hub – is driving the transition, with the country accounting for almost 79%… Continue reading Chinese automakers sold 75% of EVs in Southeast Asia in Q1 – study
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Brazil’s All-Powerful Sugar Industry Is Souring the Country on EVs
(Bloomberg) — For two decades, Brazil’s unique solution to curb tailpipe emissions — specialty cars powered by any mix of gasoline and ethanol — helped it boast a fraction of the roadway pollution of other countries its size. Now, it threatens to hold it back. Most Read from Bloomberg As governments in many of the… Continue reading Brazil’s All-Powerful Sugar Industry Is Souring the Country on EVs
Tesla stock is worth only $85 after gross margin whiff, analyst says: Wall Street reacts
After Tesla’s mixed second quarter, which featured a bad whiff on gross profit margin thanks to a steady drumbeat of price cuts, one Wall Street analyst is coming out blasting on the EV maker’s stock. “I still think Tesla is egregiously overvalued right now,” Roth Capital Partners Tesla bear Craig Irwin said on Yahoo Finance… Continue reading Tesla stock is worth only $85 after gross margin whiff, analyst says: Wall Street reacts
Brazil’s All-Powerful Sugar Industry Is Souring the Country on EVs
(Bloomberg) — For two decades, Brazil’s unique solution to curb tailpipe emissions — specialty cars powered by any mix of gasoline and ethanol — helped it boast a fraction of the roadway pollution of other countries its size. Now, it threatens to hold it back. Most Read from Bloomberg As governments in many of the… Continue reading Brazil’s All-Powerful Sugar Industry Is Souring the Country on EVs
Grab to acquire Trans-cab through its GrabRentals arm
SINGAPORE, 20 July, 2023 — Grab Holdings Limited (NASDAQ: GRAB) and Trans-cab Holdings Ltd (“Trans-cab”) today announced the signing of an agreement for Grab Rentals Pte. Ltd. to acquire 100% of the shares in Trans-cab. Trans-cab is Singapore’s third largest taxi operator, a familiar and well-respected local brand that has been serving Singaporeans since 2003.… Continue reading Grab to acquire Trans-cab through its GrabRentals arm
Akkodis awarded major contract by Canadian Department of National Defence to accelerate digital transformation
The global Smart Industry leader has been appointed to provide digital modernization services and software in partnership with Thales Canada and KWESST Micro Systems. ZURICH, July 20, 2023 /PRNewswire/ — Akkodis1, a global digital engineering company and the tech business of the Adecco Group, is delighted to announce that its subsidiary in Canada, has been… Continue reading Akkodis awarded major contract by Canadian Department of National Defence to accelerate digital transformation
North America Leads the Global Logistics Automation Market with $13.2 Billion in Revenue, Asia-Pacific to Experience High Growth
DUBLIN, July 20, 2023 /PRNewswire/ — The “Logistics Automation: Global Market Outlook” report has been added to ResearchAndMarkets.com’s offering. The report offers a comprehensive overview of the global logistics automation market, analyzing its size, key trends, growth drivers, challenges, and competitive landscape. It also provides valuable insights into the strategies and products of major players in… Continue reading North America Leads the Global Logistics Automation Market with $13.2 Billion in Revenue, Asia-Pacific to Experience High Growth
The Nigerian Culture and Entertainment Economy has announced plan to boost the sector’s growth through Transforming Nigeria into Africa’s creative, cultural and entertainment capital.
ABUJA, Nigeria, July 19, 2023 /PRNewswire/ — Nigeria’s newly appointed Special Advisor on Culture and Entertainment Economy, Hannatu Musa Musawa, outlined a plan to boost growth in Nigeria’s creative economy during a closed briefing. The goal is to deliver a national strategy that supports President Tinubus’ plan to double the national economy to $1tn within eight years.… Continue reading The Nigerian Culture and Entertainment Economy has announced plan to boost the sector’s growth through Transforming Nigeria into Africa’s creative, cultural and entertainment capital.
Sales of Electric Cars in India Are Projected To Soar to 376,000 Units by 2030: P&S Intelligence
NEW YORK, July 19, 2023 /PRNewswire/ — The sales volume of the Indian electric car market is on track to hitting 376,000 units by 2030, rising from 37,792 units in 2022 at a 33.3% CAGR, as per P&S Intelligence. This is primarily owing to the growing construction of manufacturing plants, increasing foreign direct investment, and… Continue reading Sales of Electric Cars in India Are Projected To Soar to 376,000 Units by 2030: P&S Intelligence
UL 360 Software Earns Trusted Information Security Assessment Exchange Certification, Meets European Automotive Industry Requirements
Achieving this certification empowers European automotive original equipment manufacturers and suppliers to utilize UL 360 software for environmental, social and governance (ESG), sustainability and supply chain reporting. NORTHBROOK, Ill., July 19, 2023 /PRNewswire/ — UL Solutions, a global leader in applied safety science, today announced that its UL 360 software achieved Trusted Information Security Assessment… Continue reading UL 360 Software Earns Trusted Information Security Assessment Exchange Certification, Meets European Automotive Industry Requirements