This happened to industrial company Coherent (NYSE: COHR) this week, and happy shareholders reacted by pushing the stock up in value. On Tuesday, Coherent divulged that a pair of Japanese industrial companies, Mitsubishi Electric (OTC: MIELY) and Denso, will together invest $1 billion into its silicon carbide operation. The news comes several months after Coherent… Continue reading Why Investors Shoved Coherent Stock 5% Higher This Week
Tag: Mitsubishi
Honda and Mitsubishi team up to explore ways to improve value for EV owners
Japanese automakers Honda and Mitsubishi Corp are teaming up to help EV owners get the most out of their vehicles and batteries. Honda wants to optimize value for EV owners The two businesses signed an MoU on Thursday, sparking discussions of a new EV business that will leverage Honda and Mitsubishi’s strengths as the industry… Continue reading Honda and Mitsubishi team up to explore ways to improve value for EV owners
Thailand seeks auto R&D investment to keep EV momentum going
EV car Good Cat by Ora, a brand by Great Wall Motors, is displayed at the Bangkok International Motor show in Bangkok, Thailand, March 22, 2022. Thailand will provide incentives and tax breaks for carmakers setting up electric vehicle research and development centres, as it seeks to build on early success as a regional EV… Continue reading Thailand seeks auto R&D investment to keep EV momentum going
Honda, Mitsubishi to launch electricity grid using EVs
TOKYO — Honda Motor will create a utility business by connecting electric vehicles to the grid and using them for the supply and storage of electricity in partnership with the trading house Mitsubishi Corp., Nikkei has learned. The two companies are in talks to establish the joint venture next year, and are also looking into the possibility of forming a… Continue reading Honda, Mitsubishi to launch electricity grid using EVs
Juffali Commercial Vehicles Joins Hands with Elevatus to Hire and Empower Saudi Arabia’s Youth
RIYADH, Saudi Arabia, Oct. 9, 2023 /PRNewswire/ — Elevatus, a leading provider of cutting-edge recruitment software, is proud to announce its partnership with Juffali Commercial Vehicles (JCV), the sole agent and distributor of Mercedes-Benz trucks and buses, as well as the authorized distributor of Fuso trucks and buses in the Kingdom of Saudi Arabia. This strategic… Continue reading Juffali Commercial Vehicles Joins Hands with Elevatus to Hire and Empower Saudi Arabia’s Youth
Asia Digest: Beyond Next Ventures hits first close of deeptech fund; EQT acquires vet firmThe BNV Fund III targets to raise $168m in total.
Japan-based Beyond Next Ventures has raised $67.7 million for the first close of its deeptech fund, while EQT has acquired veterinary and animal health services provider VetPartners. BNV Fund III raises nearly $68m in first close Japan-based venture capital firm Beyond Next Ventures has raised $67.7 million for the first close of its deeptech fund.… Continue reading Asia Digest: Beyond Next Ventures hits first close of deeptech fund; EQT acquires vet firmThe BNV Fund III targets to raise $168m in total.
InsuranceDekho raises $60m Series B at over $600m valuation
Automobile marketplace unicorn CarDekho’s insurance arm InsuranceDekho, on Wednesday, said it has raised $60 million in a mix of debt and equity at a valuation of over $600 million in its Series B funding, nearly eight months after raising $150 million in its previous funding round. Japan’s Mitsubishi UFJ Financial Group (MUFG), BNP Paribas Cardif,… Continue reading InsuranceDekho raises $60m Series B at over $600m valuation
Lynk & Co’s Dazzling Launch with NBK Group in Qatar
DOHA, Qatar, Oct. 8, 2023 /PRNewswire/ — Lynk & Co made its official entry into the Qatari market on October 6th at GIMS through a collaboration with Auto Class Cars, a subsidiary of the NBK Group. Auto Class Cars will be the exclusive distributor, overseeing Lynk & Co’s sales and services in Qatar. Continue Reading… Continue reading Lynk & Co’s Dazzling Launch with NBK Group in Qatar
Juffali Commercial Vehicles Joins Hands with Elevatus to Hire and Empower Saudi Arabia’s Youth
RIYADH, Saudi Arabia, Oct. 9, 2023 /PRNewswire/ — Elevatus, a leading provider of cutting-edge recruitment software, is proud to announce its partnership with Juffali Commercial Vehicles (JCV), the sole agent and distributor of Mercedes-Benz trucks and buses, as well as the authorized distributor of Fuso trucks and buses in the Kingdom of Saudi Arabia. This strategic… Continue reading Juffali Commercial Vehicles Joins Hands with Elevatus to Hire and Empower Saudi Arabia’s Youth
Japan’s Denso, Mitsubishi Electric to invest USD 1 bln in Coherent’s silicon carbide unit
Denso and Mitsubishi Electric will invest USD 500 million each in exchange for a 12.5% non-controlling ownership interest in Coherent’s unit, as per the agreement. Coherent, a major U.S. supplier of materials used to make chips for the automotive industry, said on Tuesday Japan’s Denso and Mitsubishi Electric will invest USD 1 billion in the… Continue reading Japan’s Denso, Mitsubishi Electric to invest USD 1 bln in Coherent’s silicon carbide unit