Singapore-based utilities major Sembcorp Industries on Monday said it would sell its entire stake in Sembcorp Energy India Ltd (SEIL) to Tanweer Infrastructure Pte for $1.47 billion (Rs 117 billion) in a move to reduce its greenhouse gas emissions. Tanweer Infrastructure is indirectly owned by a consortium led by Oman Investment Corporation S.A.O.C. (OIC) in… Continue reading SG’s Sembcorp to sell Indian thermal power arm to Omanese group for $1.5bBuyer Tanweer Infrastructure is indirectly owned by a consortium led by Oman …
Tag: Electric vehicles
China’s BYD Jumps to No. 2 in Global Electric-Car Battery Market
(Bloomberg) — BYD Co. jumped to second place in global electric-car battery rankings in July, overtaking LG Energy Solution Ltd. as China’s demand for clean cars surges. Most Read from Bloomberg The Chinese car and battery maker supplied 6.4 gigawatt-hours of batteries in July, behind only giant Contemporary Amperex Technology Co. with 13.3 GWh. LG… Continue reading China’s BYD Jumps to No. 2 in Global Electric-Car Battery Market
Mobility SPACs seek cash and your guide to the new EV tax credit
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. This is a shorter version of The Station newsletter that is emailed to subscribers. Want all the deals, news roundups and commentary? Subscribe… Continue reading Mobility SPACs seek cash and your guide to the new EV tax credit
Castrol and Sprint Power to develop ultra-fast charging battery modules for EVs, FCHEVs
Castrol and Sprint Power are collaborating on a project to develop ultra-fast charging cells and battery packs for battery electric vehicles (BEVs) and fuel cell hybrid electric vehicles (FCHEVs). Two Sprint Power designed battery modules that will use Castrol ON EV Thermal Fluids will deliver an 80% charge in just 12 minutes, making EVs an… Continue reading Castrol and Sprint Power to develop ultra-fast charging battery modules for EVs, FCHEVs
EV Roundup: NKLA’s Equity Offering, Tesla’s Plan for Driverless Cars & More
Last week, China-based electric vehicle (EV) stars NIO Inc. NIO, Li Auto LI and XPeng Inc. XPEV announced their delivery updates for August. While NIO recorded a rise in deliveries from July levels, XPeng and Li Auto witnessed a month-over-month fall in sales. A slowdown in the Chinese economy, along with supply chain snarls induced… Continue reading EV Roundup: NKLA’s Equity Offering, Tesla’s Plan for Driverless Cars & More
BYD Sinks as Buffett Trims Stake, Daiwa Predicts Full Exit
(Bloomberg) — Traders offloaded more shares of BYD Co. on Monday after a second filing showed Warren Buffett’s Berkshire Hathaway Inc. had further trimmed its stake in the company. Most Read from Bloomberg The Chinese automaker’s stock dropped as much as 6.8% to the lowest level since May 10 in Hong Kong. The selloff extended… Continue reading BYD Sinks as Buffett Trims Stake, Daiwa Predicts Full Exit
Third Party Logistic Market to Reach US$ 1,031 Billion by 2022, registering 7.6% CAGR between 2022 and 2032
Sales of Third Party Logistic to Surpass US$ 2,144 Bn by 2032 as Demand in Manufacturing Sector Contributes Nearly 1/4th of Revenue Fact.MR’s latest report on third party logistic market investigates key growth variables influencing sales. The report also divulges aspects such as drivers, challenges, and opportunities propelling the growth. To present the information in… Continue reading Third Party Logistic Market to Reach US$ 1,031 Billion by 2022, registering 7.6% CAGR between 2022 and 2032
Why electric cars are still a luxury in a cold climate
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Global Automotive Camera Market to Reach $11.3 Billion by 2026
DUBLIN, Sept. 5, 2022 /PRNewswire/ — The “Global Automotive Camera Market by Application (ADAS, Park Assist), View Type (Mono, Surround & Rear View), Technology (Thermal, Infrared & Digital), Level of Autonomy (L1, L2&3, L4, L5), Vehicle Type & Class, Electric Vehicle & Region – Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering. The… Continue reading Global Automotive Camera Market to Reach $11.3 Billion by 2026
HOP Electric Mobility launches Oxo at Rs 125,000, claims 150km range
India’s electric motorcycle industry has just seen the entry of a new product – the HOP Oxo priced at Rs 125,000 – manufactured by HOP Electric Mobility. Ketan Mehta, CEO and Founder, HOP Electric Mobility said, “Electric is taking the Indian market by storm. This growth is propelled by consumers’ inclinations toward sustainable, convenient and affordable mobility… Continue reading HOP Electric Mobility launches Oxo at Rs 125,000, claims 150km range