VinFast, which was backed by Vietnam’s largest conglomerate Vingroup, said the strategic acquisition of VinES, also a member in the Vingroup ecosystem, would help it secure the supply of batteries as the EV maker sought to save 5% to 7% on battery costs. Electric-vehicle maker VinFast Auto said on Wednesday it would acquire a 99.8%… Continue reading EV maker VinFast to acquire its battery maker sibling VinES
Tag: Strategy
Union Cabinet approves royalty rates for critical and strategic minerals including lithium
Mineral royalty is the economic rent due to the sovereign owner (government) in exchange for the right to extract mineral substances. The Union Cabinet on Wednesday approved royalty rates for three critical and strategic minerals, Information and Broadcasting minister Anurag Thakur said. The decision on royalty rates of critical minerals comes after Mines Secretary Vivek… Continue reading Union Cabinet approves royalty rates for critical and strategic minerals including lithium
@Groupe PSA: PR Stellantis, Samsung SDI Announce Kokomo, Indiana as Site for Second U.S. StarPlus Energy Gigafactory006452
AMSTERDAM – Stellantis N.V. and Samsung SDI today announced that Kokomo, Indiana, will be the site for a second battery manufacturing facility in the United States as part of the StarPlus Energy joint venture. The new StarPlus Energy plant is expected to begin production in early 2027 with an annual capacity of 34 gigawatt hours… Continue reading @Groupe PSA: PR Stellantis, Samsung SDI Announce Kokomo, Indiana as Site for Second U.S. StarPlus Energy Gigafactory006452
@Groupe PSA: PR Stellantis Recognizes Suppliers for Commitment, Performance, Quality and Operational Excellence006451
Third annual supplier recognition event recognizes 16 suppliers with the Stellantis ‘Supplier of the Year’ award 40 suppliers were nominated across 16 different strategic categories, including purchasing, supply chain, supplier quality and innovation DETROIT – This week Stellantis honored 40 of its suppliers for their outstanding commitment, performance, quality, and operational excellence in 2022. One… Continue reading @Groupe PSA: PR Stellantis Recognizes Suppliers for Commitment, Performance, Quality and Operational Excellence006451
Cendyn doubles down on the future of CRM with strategic acquisition of PUSHTech
Leading hotel tech provider takes transformative step towards a next generation CRM platform that empowers hoteliers to build stronger relationships with their guests whilst driving profitable revenue BARCELONA, Spain, Oct. 10, 2023 /PRNewswire/ — Cendyn, a catalyst for digital transformation in the hospitality industry, is thrilled to announce its strategic acquisition of PUSHTech, a pioneering… Continue reading Cendyn doubles down on the future of CRM with strategic acquisition of PUSHTech
ARA PARTNERS ACQUIRES VACUUMSCHMELZE, LEADING GLOBAL ADVANCED MAGNETIC MATERIALS PRODUCER
Sole Western Manufacturer of Sintered NdFeB Electric Vehicle-Grade Permanent Magnets Poised to Meet Significant Demand for High-Quality, High-Performance Magnetic Materials Critical to the Global Energy Transition HOUSTON and HANAU, Germany, Oct. 10, 2023 /PRNewswire/ — Ara Partners (“Ara”), a private equity firm that specializes in industrial decarbonization investments, today announced that it has acquired Vacuumschmelze… Continue reading ARA PARTNERS ACQUIRES VACUUMSCHMELZE, LEADING GLOBAL ADVANCED MAGNETIC MATERIALS PRODUCER
CSP Associates Expands Senior Leadership Team, Adding Dr. Rob Mullins as Senior Managing Director
CAMBRIDGE, Mass., Oct. 10, 2023 /PRNewswire/ — CSP Associates LLC, a leading commercial diligence advisory firm in the aerospace, defense, and government services markets, announced today an expanded senior leadership team, adding Dr. Robert (Rob) Mullins as a Senior Managing Director. Rob will help lead all facets of CSP’s strategic and transaction advisory practices, including… Continue reading CSP Associates Expands Senior Leadership Team, Adding Dr. Rob Mullins as Senior Managing Director
Nox Management Expands Portfolio with Trampo Extreme Acquisition
KUWAIT CITY, Oct. 10, 2023 /PRNewswire/ — Kuwait-based Nox Management acquires Trampo Extreme, a renowned entertainment and adventure enterprise spanning across Kuwait, UAE, Bahrain, Qatar, and Oman. This strategic move marks a pivotal milestone in Nox Management’s ambitious growth and expansion strategy. Globally, the Entertainment Centers sector boasts a staggering worth of US$ 11.2 Billion,… Continue reading Nox Management Expands Portfolio with Trampo Extreme Acquisition
ASYAD EXPRESS PARTNERS WITH EVRI TO LAUNCH TRANSFORMATIONAL E-COMMERCE GATEWAY HUB IN OMAN AND THE MIDDLE EAST
Asyad Express forms landmark strategic alliance with Evri, the UK’s largest dedicated parcel delivery company Partnership to attract major UK, European, US and Chinese players to Oman by facilitating access to Asyad Group’s world-class logistics ecosystem Collaboration provides a unique opportunity for UK and European retailers to expand into the Middle East e-commerce market Partnership… Continue reading ASYAD EXPRESS PARTNERS WITH EVRI TO LAUNCH TRANSFORMATIONAL E-COMMERCE GATEWAY HUB IN OMAN AND THE MIDDLE EAST
Oceaneering gets ZF license for autonomous shuttles
from David Fluhr · October 11, 2023 ZF is expanding its partnership with Oceaneering International, headquartered in Houston, Texas, to license the production and distribution of the Group Rapid Transport Gen 3 (GRT) shuttle. This agreement combines Oceaneering’s engineering, manufacturing and integration expertise with the know-how of ZF in the development of functions for autonomous… Continue reading Oceaneering gets ZF license for autonomous shuttles