Malaysian teleco Axiata Group Bhd and RHB Banking Group announced on Wednesday that they have formed a consortium to apply for a digital banking licence in the country. Boost Holdings, Axiata’s subsidiary that operates an e-wallet, will own 60%, while RHB, the country’s fourth-largest banking group, will own the rest of the digital bank, subject… Continue reading Malaysian telco Axiata and RHB Banking to jointly bid for digital banking licence
Tag: Strategy
China Yuchai Forms Strategic Partnership with Sunlong Bus to Develop Electric Vehicles
SINGAPORE, June 2, 2021 /PRNewswire/ — China Yuchai International Limited (NYSE: CYD) (“China Yuchai” or the “Company”) announced today it has entered into a strategic partnership agreement with an electric vehicle (“EV”) bus producer in China, Guangxi Shenlong Automobile Manufacturing (“Sunlong”). According to the strategic partnership agreement, China Yuchai and Sunlong will join technologies to develop… Continue reading China Yuchai Forms Strategic Partnership with Sunlong Bus to Develop Electric Vehicles
Tesla to buy more than $1 billion of Australian battery minerals a year
Tesla (TSLA.O) said it expects to spend more than $1 billion a year on battery raw materials from Australia given the country’s reliable mining industry and responsible production practices. Robyn Denholm, chair of the U.S. carmaker, said on Wednesday that Australia, which is rich in minerals used for batteries like lithium and nickel, is poised… Continue reading Tesla to buy more than $1 billion of Australian battery minerals a year
7-Eleven Plans to Install 500 Chargers at Stores
7-Eleven says adding 500 charging ports at 250 stores will make EV charging more convenient and help accelerate broader adoption of EVs and alternative fuels. Photo: 7-Eleven 7‑Eleven, Inc. is undertaking a massive electric vehicle installation project, with a goal of building at least 500 direct current fast charging (DCFC) ports at 250 select U.S.… Continue reading 7-Eleven Plans to Install 500 Chargers at Stores
Thai Cabinet Announces 26 April as ‘National MICE Day’
Mr. Chiruit Isarangkun Na Ayuthaya, President, Thailand Convention & Exhibition Bureau (Public Organization) or TCEB, stated that, during the cabinet meeting on June 1, 2021, Mr. Anutin Charnvirakul, Deputy Prime Minister, proposed that National MICE Day was established based on the research the bureau jointly conducted with Convention Promotion Fund. “The first-ever exhibition in Thailand was… Continue reading Thai Cabinet Announces 26 April as ‘National MICE Day’
Igus begins production of wear-resistant polymer gears
Germany’s Igus, which develops and produces motion plastics, has announced that it begun manufacture of lubrication-free gears. The company says to cater to demand for production of wear-resistant and durable gears in high volumes, it now offers production with injection moulding in addition to mechanical processing from bar stock and additive manufacturing (3D printing). Polymer gears… Continue reading Igus begins production of wear-resistant polymer gears
Automotive Door Module Market will Accelerate at a CAGR of almost 8% through 2021-2025|Growing Demand for Differentiated in-car Experiences to upheave Growth|Technavio
NEW YORK, June 1, 2021 /PRNewswire/ — Set to grow by $ 20.09 bn during 2021-2025, Technavio’s latest market research report estimates the automotive door module market to register a CAGR of almost 8%. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data… Continue reading Automotive Door Module Market will Accelerate at a CAGR of almost 8% through 2021-2025|Growing Demand for Differentiated in-car Experiences to upheave Growth|Technavio
China-focused Unicorn Capital Partners raises $450m for latest fund
Unicorn Capital Partners, a Hong Kong-based venture capital fund-of-funds manager, announced that it has raised $450 million for its latest investment vehicle that will focus on VC fund and direct investment opportunities in technology and healthcare sectors in China. Unicorn Partners Fund IV, which closed on June 1, 2021, was oversubscribed. Its investor base includes… Continue reading China-focused Unicorn Capital Partners raises $450m for latest fund
Automotive Driving Simulator Market will Accelerate at a CAGR of about 3% through 2021-2025|Decrease In Vehicular Production Costs And Reduced TTM Leading To Increased Use Of Driving Simulators Across Value Chain to upheave Growth|Technavio
NEW YORK, June 1, 2021 /PRNewswire/ — Set to grow by USD 194.26 million during 2021-2025, Technavio’s latest market research report estimates the automotive driving simulator market to register a CAGR of about 3%. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of… Continue reading Automotive Driving Simulator Market will Accelerate at a CAGR of about 3% through 2021-2025|Decrease In Vehicular Production Costs And Reduced TTM Leading To Increased Use Of Driving Simulators Across Value Chain to upheave Growth|Technavio
Tesla is using new AMD RDNA 2 GPU in new Model S/X, same as in Playstation 5
AMD has confirmed that Tesla is using its new RDNA 2 GPUs in the new backseat entertainment system in the new Model S and Model X vehicles. When Tesla unveiled the new Model S and Model X in January, one of the biggest new features was the addition of a screen for the backseat. The… Continue reading Tesla is using new AMD RDNA 2 GPU in new Model S/X, same as in Playstation 5