Tag: Strategy

VinFast expects to continue sales to founder’s taxi venture GSM in 2024VinFast has sold about 13,000 electric cars over the past two quarters to GSM.

VinFast expects electric car and scooter sales to an affiliated ride service owned by its founder to continue into 2024 and has not extended any financing or special discounts for the business, VinFast’s chief executive said. VinFast has sold about 13,000 electric cars over the past two quarters to Green SM (GSM), a Vietnam-based taxi… Continue reading VinFast expects to continue sales to founder’s taxi venture GSM in 2024VinFast has sold about 13,000 electric cars over the past two quarters to GSM.

KKR closes third global technology fund at nearly $3b

New York-headquartered private equity firm KKR has closed its third global technology fund at approximately $3 billion, it said in an announcement. KKR Next Generation Technology Growth Fund III (NGT III) has received commitments from both new and existing investors globally, including public pension plans, sovereign wealth funds, insurance companies, financial institutions, endowments, private wealth and… Continue reading KKR closes third global technology fund at nearly $3b

Nokia to axe up to 14,000 jobs after 20% sales drop in Q3

Finnish telecom gear group Nokia said on Thursday it would cut up to 14,000 jobs in a new cost reduction effort after third-quarter sales fell by a fifth, taken down by sales of next-generation 5G equipment. Nokia and rival Ericsson have grappled with slowing demand for 5G equipment in countries such as the United States,… Continue reading Nokia to axe up to 14,000 jobs after 20% sales drop in Q3

LG Innotek Stuns the World with Groundbreaking EV Charging Technologies

LG Innotek takes out three international standard essential patents on EV charging technologies LG Innotek also acquires over 180 LiDAR patents from Argo AI in April SEOUL, South Korea, Oct. 19, 2023 /PRNewswire/ — LG Innotek is now poised to lead the world’s electric vehicle charging trends and innovations, being officially recognized in the market as… Continue reading LG Innotek Stuns the World with Groundbreaking EV Charging Technologies

Qatar signs 27-year gas deal with Britain’s Shell

Qatar will supply 3.5 million tonnes of gas a year under the deal, QatarEnergy said, following two agreements with Shell for a share of the Gulf state’s huge North Field gas expansion project. Qatar has agreed to supply British firm Shell with natural gas for 27 years, the Gulf emirate’s state-owned energy company announced on… Continue reading Qatar signs 27-year gas deal with Britain’s Shell

Electric Two-Wheeler Lithium-Ion BMS Market Size to Garner $5.6 Billion, Globally, by 2031 at 20.3% CAGR: Allied Market Research

The global electric two-wheeler lithium-ion battery management system market growth is attributed to the increase in the adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs), a rise in industry preference for the use of lithium-ion batteries, and growth in the adoption of rechargeable batteries across multiple end-use industries.  WILMINGTON, Del., Oct. 19, 2023… Continue reading Electric Two-Wheeler Lithium-Ion BMS Market Size to Garner $5.6 Billion, Globally, by 2031 at 20.3% CAGR: Allied Market Research

Hyundai Mobis to exhibit at Japan Mobility Show 2023 for the first time

Hyundai Mobis participates Japan Mobility Show starting from October 26th to November 5th to expand Japanese market Plans to secure new business opportunities with Japanese automakers showcasing strategic products, including electrification, IVI, ADAS, and lamps Hyundai Mobis poise to strengthen global presence via active participation in global mobility events, following CES (USA) and IAA (Germany).… Continue reading Hyundai Mobis to exhibit at Japan Mobility Show 2023 for the first time

Growing Traveler Participation Boosts Global Vacation Rentals Market to US$ 132.7 Billion by 2033 | Future Market Insights, Inc.

Digital marketing is essential for vacation rental businesses to succeed in the growing global market, which is expected to reach US$ 132.7 billion by 2033. Key players in the market are leveraging digital channels to drive profitable returns on investment in their marketing campaigns. NEWARK, Del., Oct. 18, 2023 /PRNewswire/ — Detailed Analysis of Vacation… Continue reading Growing Traveler Participation Boosts Global Vacation Rentals Market to US$ 132.7 Billion by 2033 | Future Market Insights, Inc.

Automotive Chip Industry to Generate $121.3 Billion, Globally, by 2031 at 9.6% Compound Annual Growth Rate: Allied Market Research

The global automotive chip market is driven by factors such as an increase in demand for advanced driving assistance systems (ADAS), a rise in demand for electric vehicles, and a surge in demand for autonomous driving.   PORTLAND, Ore., Oct. 18, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Automotive Chip Market by Component… Continue reading Automotive Chip Industry to Generate $121.3 Billion, Globally, by 2031 at 9.6% Compound Annual Growth Rate: Allied Market Research