(Bloomberg) — When a Chinese billionaire became Daimler AG’s biggest shareholder in 2018, it caused quite a stir. Another Chinese investor took an even bigger stake the following year, the Mercedes-Benz maker just disclosed for the first time. Most Read from Bloomberg Daimler announced Monday that BAIC Automotive Group Co. almost doubled its stake in… Continue reading Daimler Reveals Chinese Partner Doubled Stake Years Ago
Tag: Strategy
China carmaker BAIC has 9.98% stake in Daimler, no plans to raise it further
BERLIN (Reuters) -Daimler on Monday said its Chinese shareholder Beijing Automotive Group Co Ltd (BAIC) does not plan to increase its stake in the German luxury carmaker beyond the 9.98% stake it has held since 2019. The German carmaker said BAIC told Daimler after the Daimler Truck spinoff on Friday that it has held a… Continue reading China carmaker BAIC has 9.98% stake in Daimler, no plans to raise it further
Harley-Davidson’s electric motorcycle brand LiveWire is merging with a SPAC to go public
LiveWire, the electric motorcycle company spun out of Harley-Davidson, is going public by merging with a special acquisition company, or SPAC. The transaction will net LiveWire approximately $545 million at a pro forma enterprise value of approximately $1.77 billion, Harley-Davidson says in its announcement. LiveWire is the latest electric vehicle company to go public by… Continue reading Harley-Davidson’s electric motorcycle brand LiveWire is merging with a SPAC to go public
Supply Chain Tech Firm KlearNow Raises $50 Million to Alleviate Global Supply Chain Constraints
SANTA CLARA, Calif., Dec. 13, 2021 /PRNewswire/ — KlearNow, the smart Logistics as a Service (LaaS) pioneer founded in 2018, raised $50M in new capital to transform broken supply chains—simplifying and providing real-time cargo visibility to the customs clearance and drayage processes. KlearNow’s AI-powered platform eases the worldwide supply chain disruptions that have left businesses grappling with… Continue reading Supply Chain Tech Firm KlearNow Raises $50 Million to Alleviate Global Supply Chain Constraints
Wings & Rings selects ArrowStream’s Supply Chain Intelligence solution to address Supply Chain Disruptions and accelerate Growth Strategy
CHICAGO, Dec. 13, 2021 /PRNewswire/ — ArrowStream, Inc. (“ArrowStream”), the leading end-to-end supply chain management platform for the foodservice industry, welcomes Wings & Rings to its network of over 250 chain restaurant operators; 1,700 DC locations; and 9,500 foodservice suppliers. Based in Loveland, OH, Wings & Rings is a club-level sports restaurant and bar that offers a… Continue reading Wings & Rings selects ArrowStream’s Supply Chain Intelligence solution to address Supply Chain Disruptions and accelerate Growth Strategy
Honda Research Institute Synthesizes Nanomaterials in Breakthrough for Quantum Electronics
HRI-US’s growing technology has the potential to bring quantum technologies such as quantum computing and sensing to higher temperatures than those required with currently used materials. Common fabrication methods so far mostly rely on techniques such as nanolithography, which print or etch nanometer-scale structures. By contrast, HRI-US scientists developed a method to controllably grow the materials… Continue reading Honda Research Institute Synthesizes Nanomaterials in Breakthrough for Quantum Electronics
Lucid Group Joins the Nasdaq-100 Index
NEWARK, Calif., Dec. 13, 2021 /PRNewswire/ — Lucid Group, Inc. (Nasdaq: LCID), which is setting new standards with its advanced luxury EVs, today announced that the company has been added to the Nasdaq-100 Index®, effective prior to market open on Monday, December 20, 2021. “We are proud to join the prestigious Nasdaq-100 Index, a recognition… Continue reading Lucid Group Joins the Nasdaq-100 Index
Viasat Named 2021 Global Satellite Business of the Year by Euroconsult
PARIS, Dec. 13, 2021 /PRNewswire/ — Viasat Inc. (NASDAQ: VSAT), a global communications company, proudly announced it was the 2021 Global Satellite Business of the Year Award recipient at this year’s World Satellite Business Week Summit. Euroconsult, a leading global space and satellite consulting and market intelligence firm, hosts the World Satellite Business Week Summit in Paris annually,… Continue reading Viasat Named 2021 Global Satellite Business of the Year by Euroconsult
Hyzon Motors and MiTAC-Synnex to advance the decarbonization of commercial trucking in Taiwan
ROCHESTER, N.Y., Dec. 13, 2021 /PRNewswire/ — Hyzon Motors Inc. (NASDAQ: HYZN), a leading supplier of hydrogen-powered fuel cell electric vehicles, and the MiTAC-Synnex Group, a leading industrial conglomerate in Taiwan, today announced a Memorandum of Understanding (MoU) to jointly develop hydrogen-powered commercial vehicles and distribution models optimized for the Taiwan market. Under the terms of… Continue reading Hyzon Motors and MiTAC-Synnex to advance the decarbonization of commercial trucking in Taiwan
Missfresh Expands Intelligent Fresh Markets to 20 Cities in China
BEIJING, Dec. 13, 2021 /PRNewswire/ — Missfresh Limited (“Missfresh” or the “Company”) (NASDAQ: MF), an innovator in China’s neighborhood retail industry, has partnered with Nanchang’s Wangjia Market Management in Jiangxi Province to expand its Intelligent Fresh Market business to 20 cities across China. This partnership will enable Missfresh’s Intelligent Fresh Market business to continue to… Continue reading Missfresh Expands Intelligent Fresh Markets to 20 Cities in China