Mumbai: Anand Swaminathan, the head of McKinsey Digital in Asia, told ET that it would be a mistake to think that cryptocurrencies and blockchain technology are “so intertwined you can’t have one without the other”. The Indian government’s reported plan to ban all cryptocurrencies has drawn sharp reactions from members of the crypto community, who… Continue reading Blockchain doesn’t need cryptocurrency: McKinsey Digital’s Asia head
Tag: Electric vehicles
Volvo to go all electric by 2030 as it unveils second such model
LONDON (Reuters) — Volvo’s entire car lineup will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of carmakers planning to phase out fossil-fuel engines by the end of this decade. “I am totally convinced there will be no customers who really want to stay with a petrol engine,”… Continue reading Volvo to go all electric by 2030 as it unveils second such model
Investors cheer second Japanese takeover by China’s Hisense
HONG KONG — A unit of Hisense Group, a major home-electronics maker in China, has reached a deal to purchase a controlling stake in a Japanese auto parts company, pushing the subsidiary’s shares up 10% in mainland trading on Tuesday. Hisense Home Appliances Group, a subsidiary of Hisense Group, announced after the market closed on… Continue reading Investors cheer second Japanese takeover by China’s Hisense
Nio pulled off an incredible turnaround in 2020
Chinese EV startup Nio entered 2020 on the brink but emerged stronger than ever, thanks in large part to a government bailout. That government aid helped Nio get back on its feet just in time to ride a new wave of optimism in EVs — something that’s never been more clear than after the company… Continue reading Nio pulled off an incredible turnaround in 2020
Tuesday Morning Auto News, Mar 02, 2021
Maruti Suzuki exports cross 2 million vehicles from India – Just-Auto Land Rover launches powerful Defender V8 – Just-Auto Nissan signs mobility MoU with Suzhou City, China – Just-Auto Toyota to Raise $4.7 Billion in ESG Debt to Fund Futuristic Hub – Bloomberg Geely’s Volvo Cars to be fully electric by 2030 – Just-Auto Lunaz… Continue reading Tuesday Morning Auto News, Mar 02, 2021
Vietnam’s VinFast gets permit to test autonomous electric vehicles in the US
Vietnamese conglomerate Vingroup’s automobile unit VinFast has received a permit to test autonomous vehicles by the California Vehicle Administration, per an announcement. Vingroup said that its car manufacturing subsidiary is the 57th licenced company to test its autonomous electric cars in California, following global giants such as Apple, Tesla, BMW, and Volkswagen. In January, the… Continue reading Vietnam’s VinFast gets permit to test autonomous electric vehicles in the US
Is Magna (MGA) a Great Value Stock Right Now?
South China Morning Post China overtakes US to host most dollar billionaires as 2020 stock market rally defied Covid-19 and minted wealth at a record pace One in every two newly minted dollar-denominated billionaires last year were in China, the first country to exit from a nationwide pandemic lockdown and the only major economy to… Continue reading Is Magna (MGA) a Great Value Stock Right Now?
MGA vs. GNTX: Which Stock Should Value Investors Buy Now?
South China Morning Post China overtakes US to host most dollar billionaires as 2020 stock market rally defied Covid-19 and minted wealth at a record pace One in every two newly minted dollar-denominated billionaires last year were in China, the first country to exit from a nationwide pandemic lockdown and the only major economy to… Continue reading MGA vs. GNTX: Which Stock Should Value Investors Buy Now?
Auto Stock Roundup: GT Announces CTB Buyout, OSK Wins USPS Contract and More
The major highlight of the last week was the announcement of Cooper Tire’s CTB acquisition by Goodyear Tire GT. This transformational deal marks the collaboration of two of the biggest American tire companies. It will create a stronger and industry-leading U.S.-based tire manufacturer, having a more enhanced presence in distribution and retail channels. Awarding of… Continue reading Auto Stock Roundup: GT Announces CTB Buyout, OSK Wins USPS Contract and More
Volvo to sell only all-electric vehicles by 2030
Volvo Cars said it will only make and sell all-electric vehicles by 2030, as part of a broader transformation of the automaker that will include shifting sales online. “The key to sustainability is electrification, said Volvo Cars CEO Håkan Samuelsson during a presentation Tuesday. “Together with investments in charging infrastructure that is the right way… Continue reading Volvo to sell only all-electric vehicles by 2030