The Sherpa Company Limited, a subsidiary of the Vietnamese conglomerate Masan Group Corporation, has acquired a 20% stake in Phuc Long Heritage Joint Stock Company, the firm behind the local tea and coffee brand Phuc Long, for $15 million, according to an announcement. As part of the deal, the Masan Group-owned retailer VinCommerce, which runs… Continue reading Masan Group arm buys 20% stake in Vietnamese tea brand Phuc Long for $15m
Tag: Strategy
DENSO, Honeywell Ascend Into Urban Air Mobility With Expanded Alliance
DENSO and Honeywell are in advanced discussions with current and prospective customers and intend to deliver flight test configurations of the electric propulsion systems within the next year. This focus on electrified power sources will not only help the companies fulfill UAM’s promise of providing cleaner, safer, more efficient, quieter and freer-moving transportation in and… Continue reading DENSO, Honeywell Ascend Into Urban Air Mobility With Expanded Alliance
ATLIS Motor Vehicles Forms Strategic Partnership To Streamline Vehicle Ownership Experience
MESA, Ariz., May 24, 2021 /PRNewswire/ — Atlis Motor Vehicles (ATLIS), a start-up mobility technology company, announced today the signing of a Memorandum of Understanding (MOU) with WhipFlip to handle customer vehicle trade-ins as part of the ATLIS vehicle purchasing experience. ATLIS is developing a fully electric vehicle platform, proprietary battery cells and packs, and the… Continue reading ATLIS Motor Vehicles Forms Strategic Partnership To Streamline Vehicle Ownership Experience
Hero Lectro’s new sales and distribution strategy targets presence in 80 multi-brand outlets
Hero Lectro, the EV division of Hero Motors Company (HMC) is working on a new sales and distribution strategy to bolster the market presence of its newly launched e-cargo vehicles aimed at last-mile logistics segment in India. The company is creating new sales channels for its E Cargo vehicles across 10 cities initially, with a… Continue reading Hero Lectro’s new sales and distribution strategy targets presence in 80 multi-brand outlets
Coventry University, L&T Tech to develop new solutions for automotive and manufacturing industry
Bangalore-headquartered L&T Technology Services (LTTS), a global leading pure-play engineering services company has signed a collaboration agreement with UK’s Coventry University to build and deliver new-generation engineering solutions for the automotive and manufacturing sectors. The partnership will see research undertaken in autonomous mobility solutions and vehicle dynamics with the aim of strengthening LTTS’ technology capabilities… Continue reading Coventry University, L&T Tech to develop new solutions for automotive and manufacturing industry
China’s Eminence closes USD Fund II at $120m to focus on enterprise software …
Eminence Ventures, which invests in early-stage enterprise software and cloud computing startups in China, has reached the final close of its second US dollar fund at $120 million, bringing the firm’s total assets under management (AUM) to nearly $200 million. The second US dollar fund attracted backing from Silicon Valley’s Emergence Capital, and Hong Kong’s… Continue reading China’s Eminence closes USD Fund II at $120m to focus on enterprise software …
Following the GoTo merger, should Grab buy an ecommerce marketplace?
Now that the GoTo merger is finally official, will Grab follow suit and add a full-fledged ecommerce strategy to its super-app ecosystem? Go to Source
Stellantis gives Chrysler 10 years to prove itself – Automotive News
Instead of making any immediate decisions, Tavares is giving brand leaders 10 years, during which they’ll have funding along with the chance to build and carry out a long-term vision. “We love them all,” Tavares said of the brands. “You do not kill what you love.” Brand heads will be given an opportunity to “plan… Continue reading Stellantis gives Chrysler 10 years to prove itself – Automotive News
Automakers to up fuel cell vehicle production
Visitors check out a hydrogen fuel cell bus at the 2021 Shanghai auto show, held from April 19-28. [Photo by Long Wei/For China Daily] Hydrogen seen as legitimate clean power source to complement hybrids, full electrics Carmakers in China and abroad are stepping up efforts to build hydrogen fuel cell vehicles, which are thought could… Continue reading Automakers to up fuel cell vehicle production
@VW Group: Meschke: “Don’t be taken in by populists”003137
20/05/2021 Are bosses in Germany too shy when it comes to their political standpoint? Lutz Meschke, Member of the Executive Board at Porsche, believes so. In an interview, he challenges managers to position themselves more courageously when it comes to climate change, the coronavirus or immigration. Lutz Meschke, the Deputy Chairman of the Executive Board… Continue reading @VW Group: Meschke: “Don’t be taken in by populists”003137