Northvolt today announced the signing of a $1.1 billion convertible note to finance its expansion of battery cell and cathode material production in Europe to support the rapidly expanding demand for batteries. Investors participating in the capital raise were AMF, AP funds 1-4 (via the co-owned company 4 to 1 Investments), ATP, Ava Investors, Baillie… Continue reading Northvolt raises $1.1 billion to support factory rollout plans in Europe
Tag: Strategy
@VW Group: Porsche Supercup tackles Silverstone with a 32-strong field005350
The race The decisive moment happened in the first few seconds: Dutchman Larry ten Voorde from Team GP Elite fluffed his start from pole position. This left the door open for Laurin Heinrich who grabbed his chance – the German won the sprint to the first corner in his Porsche 911 GT3 Cup fielded by… Continue reading @VW Group: Porsche Supercup tackles Silverstone with a 32-strong field005350
Creator Ventures Launches $20M First Fund
Creator Ventures, a London, UK-based venture capital firm investing in early-stage consumer-internet companies advancing how people interact, closed its first fund, at $20M. Investors in Creator Ventures include venture funds-of-funds, family offices and founders of unicorns, several creators and media personalities, and senior leaders from Kaletsky’s former employer, Bridgepoint. The fund will invest $100-500K first… Continue reading Creator Ventures Launches $20M First Fund
LG Continuously Strengthens Position in Global Electric Vehicle Industry
July 5, 2022 LG Continuously Strengthens Position in Global Electric Vehicle Industry Open share list Share this content. Company Continues to Perform Well in Highly Competitive Sector,Securing Orders Worth KRW 8 Trillion in the First Half of 2022 SEOUL, July 5, 2022 — LG Electronics (LG) continues to establish its position as a major force… Continue reading LG Continuously Strengthens Position in Global Electric Vehicle Industry
Maria Anhalt: ‘Elektrobit sees India as critical element of value chain’
‘We have to create an environment in which an employee is seen to be contributing to something bigger, and that they are part of a successful software company that is leading a transformation.’ As the auto world goes increasingly digital, what does this mean for your company given the current semiconductor issue?As a software company,… Continue reading Maria Anhalt: ‘Elektrobit sees India as critical element of value chain’
Daimler tests fuel-cell truck with liquid hydrogen
Daimler Truck is onto its next milestone on the road to sustainable transportation also with hydrogen-based drives. Since last year, a Mercedes-Benz GenH2 Truck fuel-cell prototype has been undergoing intensive testing – both on the in-house test track and on public roads. Daimler Truck is now putting another prototype into operation to test the use… Continue reading Daimler tests fuel-cell truck with liquid hydrogen
China’s Legend Capital leads $150m Series E round in ClinChoiceClinChoice counts Goldman Sachs and DFJ Dragon Fund among its earlier investors.
Legend Capital, a fund management arm of Chinese conglomerate Legend Holdings, has led a $150-million Series E funding round for ClinChoice to help the Sino-US contract research organisation (CRO) expand its business and service offerings globally. Beijing-based life insurance company Taikang Life Insurance and healthcare investment firm Sherpa Healthcare Partners participated in the deal, alongside… Continue reading China’s Legend Capital leads $150m Series E round in ClinChoiceClinChoice counts Goldman Sachs and DFJ Dragon Fund among its earlier investors.
Data Vantage: Bigo, Neuroncredit and foodpanda get more capital for expansion and other updates
As Southeast Asian economies recover from the impact of the COVID-19 pandemic, tech players are injecting fresh capital into their local subsidiaries for growth and expansion. Cayman-registered Bigo Inc. has injected $220 million into its Singapore subsidiary, Bigo Technology, to drive expansion in an increasingly competitive market. Bigo operates popular live-streaming app Bigo Live, video-sharing app… Continue reading Data Vantage: Bigo, Neuroncredit and foodpanda get more capital for expansion and other updates
Tatas confirm half-a-million PV sales target for FY23
Tata Motors plans to sell 50,000 electric vehicles in fiscal 2023 and double that figure in fiscal 2024, said N Chandrasekaran, Chairman of Tata Motors at the 77th Annual General Meeting (AGM). He also confirmed that the company’s passenger vehicle (PV) sales target for the current fiscal is 500,000 units. Autocar Professional broke this story in its issue… Continue reading Tatas confirm half-a-million PV sales target for FY23
About 80 future workshop experts met at the Azubi-Event apprentice meeting at the Bosch location in Karlsruhe
The Automotive Aftermarket division (AA) provides the aftermarket and repair shops worldwide with modern diagnostic and repair shop equipment and a wide range of spare parts – from new and exchange parts to repair solutions – for passenger cars and commercial vehicles. Its product portfolio includes products made as Bosch original equipment, products developed in-house… Continue reading About 80 future workshop experts met at the Azubi-Event apprentice meeting at the Bosch location in Karlsruhe