ElectraMeccanica, a designer and assembler of electric vehicles, and Tevva, the electric medium- and heavy-duty commercial vehicle manufacturer, have announced that they have entered into a definitive arrangement agreement, pursuant to which ElectraMeccanica and Tevva have agreed to a merger. The proposed transaction is intended to accelerate their combined ability to capture the growing opportunity… Continue reading ElectraMeccanica and Tevva plan merger, eye growing business in global electric truck market
Tag: Strategy
ElectraMeccanica and Tevva plan merger, eye growing business in global electric truck market
ElectraMeccanica, a designer and assembler of electric vehicles, and Tevva, the electric medium- and heavy-duty commercial vehicle manufacturer, have announced that they have entered into a definitive arrangement agreement, pursuant to which ElectraMeccanica and Tevva have agreed to a merger. The proposed transaction is intended to accelerate their combined ability to capture the growing opportunity… Continue reading ElectraMeccanica and Tevva plan merger, eye growing business in global electric truck market
M&M aspiring for double digit market share in South Africa, Australia, EVs and pick up trucks to be added in mid-term
With new capacities coming on stream, Mahindra & Mahindra, the country’s largest SUV maker in terms of revenue is looking to accelerate its globalisation plan – which envisages more than doubling its international business in the coming three years. Veejay Nakra, President of the automotive business at Mahindra & Mahindra said, the company’s aspiration would… Continue reading M&M aspiring for double digit market share in South Africa, Australia, EVs and pick up trucks to be added in mid-term
Nantong High-tech Zone to lure more projects in key sectors
SHANGHAI, Aug. 11, 2023 /PRNewswire/ — In recent years, Nantong has benefited from multiple national strategic opportunities, such as the Yangtze River Economic Belt and the integration of the Yangtze River Delta. By 2022, Nantong’s GDP reached 1.14 trillion yuan, ranking 23rd among major cities nationwide and 5th among prefecture-level cities. Nantong High-tech Zone was established… Continue reading Nantong High-tech Zone to lure more projects in key sectors
NETA AUTO COMING TO ESTABLISH AND SUSTAIN IN INDONESIA
HELLO INDONESIA, THIS IS NETA JAKARTA, Indonesia, Aug. 10, 2023 /PRNewswire/ — Since one year after being introduced overseas, this year, NETA, is established and officially introduced in Indonesia through the Gaikindo Indonesia International Auto Show (GIIAS) 2023 exhibition. As an automotive brand that was first introduced to China mass market back in June 2018 and… Continue reading NETA AUTO COMING TO ESTABLISH AND SUSTAIN IN INDONESIA
Vietnamese EV maker VinFast shares surge in Nasdaq debutThe stock opened at $22, more than double the $10 per share agreed with VinFast’s SPAC partner…
VinFast’s shares soared in thin trading in their Nasdaq debut on Tuesday following the Vietnamese electric vehicle maker’s $23 billion backdoor listing as the startup said it was likely to raise money from global investors within 18 months. The stock opened at $22, more than double the $10 per share agreed with VinFast’s SPAC partner… Continue reading Vietnamese EV maker VinFast shares surge in Nasdaq debutThe stock opened at $22, more than double the $10 per share agreed with VinFast’s SPAC partner…
Ex-Binance strategy chief-led VC fund hits final close at $50m
A venture fund led by former Binance strategy officer Gin Chao has hit its final close at over $50 million to invest in early-stage Web3 and blockchain firms. The venture fund, dubbed as “CVP NoLimit Fund I”, is a joint venture between blockchain-focused investment firm No Limit Holdings and China-focused consumer and technology growth equity… Continue reading Ex-Binance strategy chief-led VC fund hits final close at $50m
EV Charge Anxiety: 67 percent of UK EV drivers prepared to pay to reserve a charging bay
A new report from SMS looks at the current experience of public EV charging and what needs to be done to get it ‘fit for the future’ LONDON, Aug. 16, 2023 /PRNewswire/ — UK public electric vehicle (EV) charging needs a major reboot if it’s going to be ‘fit for our EV future’, a new report… Continue reading EV Charge Anxiety: 67 percent of UK EV drivers prepared to pay to reserve a charging bay
FirstElement Fuel, the World-Leading Provider of Hydrogen Refueling Solutions, is Awarded $7.7 Million from the California Energy Commission to Scale up its Manufacturing Capacity
“The CEC is playing a huge role to transition the state of California, and the world, away from fossil fuels. It’s truly an honor to continue our partnership with the CEC to make zero emissions transportation a reality,” said Joel Ewanick, Founder and Chief Executive officer of FEF. FEF’s manufacturing facility in Santa Ana currently… Continue reading FirstElement Fuel, the World-Leading Provider of Hydrogen Refueling Solutions, is Awarded $7.7 Million from the California Energy Commission to Scale up its Manufacturing Capacity
Seadrill Announces Second Quarter 2023 Results and $250 Million Share Repurchase Authorization
Delivered $159 million of Adjusted EBITDA(1) on $414 million of revenue, resulting in an Adjusted EBITDA Margin(1) of 38.4%, and net income of $94 million, or $1.16 per diluted share Closed Aquadrill transaction on April 3, increasing contracted floater count for the quarter by four to 12 After the quarter, successfully issued $575 million of 8.375%… Continue reading Seadrill Announces Second Quarter 2023 Results and $250 Million Share Repurchase Authorization