Exide Industries, India’s largest battery player is making a quick shift to lithium-ion batteries and the company’s Managing Director and Chief Executive Officer Subir Chakraborty expects the company to break into the ranks of the top 10 lithium-ion battery producers in the world in the coming decade. With an investment of Rs 6,000 crore lined… Continue reading Exide aims to become one of the top 10 producers of global lithium ion batteries
Tag: Financial Results
GoTo confirms it is laying off 1,300 employees, or 12% of the workforce
The IDX-listed Indonesian tech giant GoTo has announced it will let go of 1,300 people or 12% of the group’s workforce. The decision, the company said, is needed to ensure its “long-term stability and sustainability”. In a town hall meeting on Friday, GoTo’s CEO Andre Soelistyo told staffers that global macroeconomic conditions are having a… Continue reading GoTo confirms it is laying off 1,300 employees, or 12% of the workforce
Dongfeng Motor Group’s EV brand Voyah raises $639m at over $4b valuation
Voyah, a premium electric vehicle brand under China’s auto giant Dongfeng Motor Group has notched 4.55 billion yuan ($638.5 million) in a Series A round, Chinese financial media outlet Yicai reported on Thursday. The round has brought the company’s valuation to 29.5 billion yuan ($4.1 billion), per the report. Mixed Ownership Reform Fund, a national… Continue reading Dongfeng Motor Group’s EV brand Voyah raises $639m at over $4b valuation
Mercedes signals robust results despite gloomy outlook – Businessamlive – BusinessAMLive
BY MIKE OCHONMA Mercedes still has its sights set on delivering solid returns next year even if the global economy continues to take a turn for the worse. “If we end up in an economically-challenged environment, our goal is to still, in that environment, produce robust financial results,” CEO Ola Kaellenius said in an interview… Continue reading Mercedes signals robust results despite gloomy outlook – Businessamlive – BusinessAMLive
Aptiv Declares Quarterly Preferred Share Dividend
DUBLIN, Nov. 17, 2022 /PRNewswire/ — Aptiv PLC (NYSE: APTV) a global technology company focused on making mobility safer, greener and more connected, today announced that its Board of Directors declared a quarterly cash dividend of $1.375 per share on its 5.50% Series A Mandatory Convertible Preferred Shares, payable on December 15, 2022, to shareholders… Continue reading Aptiv Declares Quarterly Preferred Share Dividend
Cleantechnica: It’s Not About Tesla Vs BYD — They Are Both Playing A Key Role In The Transition 002380
The transition to electric mobility is well underway. There has been a lot of progress in the passenger vehicle segment over the last 12 years or so since the early days of the Nissan Leaf, the Tesla Roadster, and the Mitsubishi i-MiEV. The market share of new EV sales in China is close to 30%… Continue reading Cleantechnica: It’s Not About Tesla Vs BYD — They Are Both Playing A Key Role In The Transition 002380
Full Truck Alliance Chief Scientist Takes the Stage at COP27 to Discuss Carbon Reduction Emissions in Transportation
SHARM EL SHEIKH, Egypt, Nov. 18, 2022 /PRNewswire/ — The 2022 United Nations Climate Change Conference, or COP27, is currently underway in Sharm El Sheikh, Egypt, a gathering between prominent global figures to find concrete solutions to the global climate emergency, including on mitigation, adaptation and resilience, loss and adapting to the issues of climate change.… Continue reading Full Truck Alliance Chief Scientist Takes the Stage at COP27 to Discuss Carbon Reduction Emissions in Transportation
ILLINOIS ENERGY CONSORTIUM POWERED by FUTURE GREEN partners with MIDWEST TRANSIT EQUIPMENT to Bring Transformed Electric School Buses to Price Parity with Diesel
CHICAGO, Nov. 17, 2022 /PRNewswire/ — Chicago – The Illinois Energy Consortium (IEC) Powered by Future Green and Midwest Transit Equipment (MTE) of Kankakee, IL have partnered to bring transformed electric school buses to more Illinois school districts. The partnership brings the cost to own and operate an electric school bus equal to or better than… Continue reading ILLINOIS ENERGY CONSORTIUM POWERED by FUTURE GREEN partners with MIDWEST TRANSIT EQUIPMENT to Bring Transformed Electric School Buses to Price Parity with Diesel
Learn About the Flying Eye Hospital and How it’s Helping to Combat Avoidable Blindness and Vision Loss
NEW YORK, Nov. 17, 2022 /PRNewswire/ — BACKGROUND:Avoidable blindness and vision loss affect about 1.1 billion people globally, but a staggering 90% of these cases are completely avoidable, meaning they could be treated or prevented with the right care. Orbis International, a global eye care nonprofit, fights avoidable blindness by training eye care professionals in… Continue reading Learn About the Flying Eye Hospital and How it’s Helping to Combat Avoidable Blindness and Vision Loss
GM says supply chain issues won’t affect EV profitability by 2025
General Motors says supply chain constraints won’t hinder the automaker’s goal of reaching electric vehicle profitability by 2025. GM expects its EV portfolio to have “the same margin profile” as its internal combustion engine portfolio over the next three years once factoring in U.S. tax credits for cars and trucks, CEO Mary Barra said Thursday… Continue reading GM says supply chain issues won’t affect EV profitability by 2025