Tag: Mobility

SE Asia tech dealmaking booms as investors place post-COVID bets

Fintech and e-commerce companies in Southeast Asia are raising hefty amounts of capital as global investors bet on post-pandemic technology plays, bankers and investors said, a trend that is also stoking concerns about frothy valuations. Public equity capital raising by Southeast Asian firms has surged to a four-year high of $8.4 billion this year, data from Refinitiv shows, with… Continue reading SE Asia tech dealmaking booms as investors place post-COVID bets

China said to plan ban on US listings of tech firms with data security risks

China is framing rules to ban internet companies whose data poses potential security risks from listing outside the country, including in the United States, according to a person familiar with the matter. The ban is also expected to be imposed on companies involved in ideology issues, said the person, declining to be identified as the… Continue reading China said to plan ban on US listings of tech firms with data security risks

CANGO Auto View: The Time for Automotive-Grade Chips is Now

SHANGHAI, Aug. 27, 2021 /PRNewswire/ — With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) (“Cango” or the “Company”) is issuing a bi-monthly industry insight called “CANGO Auto View” to bring readers, drivers and passengers up to speed with what’s on offer in the automobile market, what trends are emerging, and… Continue reading CANGO Auto View: The Time for Automotive-Grade Chips is Now

@niche: Xos, Inc. Names Henry Kwon as Head of Investor Relations001174

LOS ANGELES, Aug. 26, 2021 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles, today announced Henry Kwon has been appointed to the newly created role of Head of Investor Relations. He began his role on Monday, August 16. Mr. Kwon will be responsible… Continue reading @niche: Xos, Inc. Names Henry Kwon as Head of Investor Relations001174

Narendra Modi’s focus on hydrogen, electric vehicles and energy-efficient factories might actually work

Focusing on green opportunities also offers a possible solution to India’s private investment problem. After making great strides in promoting renewable energy, India is once again being singled out as a global climate laggard. Its negotiators blocked agreement on tackling emissions at the G-20 meeting in Naples earlier this year, publishing an eye-catching dissent calling… Continue reading Narendra Modi’s focus on hydrogen, electric vehicles and energy-efficient factories might actually work

Nissan to launch new all-electric minicar in Japan

Nissan Motor Co has announced that it plans to start sales of an all-new, all-electric mini-vehicle in Japan in early FY2022. The EV is part of a joint project with Mitsubishi Motors Corporation and is being planned and developed by NMKV Co. NMKV is a 50/50 joint venture between the two companies engaged in product… Continue reading Nissan to launch new all-electric minicar in Japan

St Kitts and Nevis Supports Over 5,000 Low-Income Families with Funds from Citizenship by Investment

LONDON, Aug. 27, 2021 /PRNewswire/ — During a national press conference, the Federation of St Kitts and Nevis’ Prime Minister Timothy Harris reiterated some of the ways his Team Unity government is supporting citizens as the world continues to tackle the economic downturn caused by the pandemic. This involved introducing a number of measures designed… Continue reading St Kitts and Nevis Supports Over 5,000 Low-Income Families with Funds from Citizenship by Investment

New York City approves licences, price controls for food-delivery apps

The New York City Council on Thursday approved legislation to license food-delivery apps including Grubhub, DoorDash Inc and Uber Eats and to permanently cap commissions they can charge restaurants. The companies say the price controls are unfair and vowed to fight them. “This permanent price control is flagrantly unconstitutional and will hurt local restaurants, delivery workers and diners across… Continue reading New York City approves licences, price controls for food-delivery apps

Elon Musk’s humanoid robot is just another Tesla publicity stunt

[embedded content] Though it makes popular and groundbreaking electric vehicles, Tesla has had a less than stellar track record when it comes to the company’s more ambitious future-facing projects. CEO Elon Musk’s 2019 promise of unleashing a million autonomous “robotaxis” onto America’s streets and highways has failed to materialize while the “full self-driving” technology that… Continue reading Elon Musk’s humanoid robot is just another Tesla publicity stunt