AUBURN HILLS, Mich., June 4, 2021 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) today announced that it has completed the tender offer for shares of AKASOL AG, resulting in BorgWarner owning 89.08% of AKASOL’s outstanding shares following completion of the tender offer. The acquisition further strengthens BorgWarner’s commercial vehicle and industrial electrification capabilities, which positions the Company to… Continue reading BorgWarner Completes Tender Offer and Acquires 89.08% of AKASOL AG
Tag: Strategy
TEMSA keeps expanding its electric vehicle fleet in Europe
AN EXAMPLE FOR THE ‘SMART CITIES’ VISION Tolga Kaan Doğancıoğlu, TEMSE CEO, highlighted the fact that TEMSA is becoming an significant influencer concerning electric vehicles in the European market, and added, “We continue our endeavors rapidly to strengthen our position in foreign markets, particularly in Europe, with our partners’ know-how and competitive power in the international… Continue reading TEMSA keeps expanding its electric vehicle fleet in Europe
Biden order bans US investment in dozens of Chinese defence, tech firms
President Joe Biden signed an executive order on Thursday that bans U.S. entities from investing in dozens of Chinese companies with alleged ties to defense or surveillance technology sectors. The move, which his administration says expands the scope of a legally flawed Trump-era order, drew anger from Beijing. The Treasury Department will enforce and update on a… Continue reading Biden order bans US investment in dozens of Chinese defence, tech firms
Enertech & Ewha Technologies Information to Establish a Battery Pack Joint Factor and Target the Middle East Nuclear UPS Market
A medium-sized domestic battery maker and a power equipment manufacturer will establish a joint battery plant to target the Middle Eastern nuclear power plant market. Enertech International (hereafter Enertech) and Ewha Technologies Information plan to build a battery factory for Uninterruptible Power Supply (UPS) that uses the power saved and stored, in case when nuclear… Continue reading Enertech & Ewha Technologies Information to Establish a Battery Pack Joint Factor and Target the Middle East Nuclear UPS Market
Jindal Aluminium’s Naveen Mehta: ‘We foresee an upsurge in aluminium use at Indian automakers.’
Naveen Mehta, Senior Vice-President, Extrusion Operations at Jindal Aluminium, on how aluminium can help drive sustainability and energy efficiency even as manufacturers develop new alloys with newer manufacturing processes to make it cost-effective for OEMs. An interview by Mayank Dhingra. There is growing use of aluminium in the auto industry, in India and globally. What… Continue reading Jindal Aluminium’s Naveen Mehta: ‘We foresee an upsurge in aluminium use at Indian automakers.’
Tata Power’s Sandeep Bangia: ‘We are committed to playing a key role in India’s transition to e-mobility.’
Tata Power, India’s largest integrated power company, is aggressively expanding its EV charging network. Sandeep Bangia, Head — EV, HA & ESCO Business, details the strategic plan to facilitate easy access to EV owners with chargers across town and country, national highways and tourist spots, and ease of use of the EZ digital platform. What… Continue reading Tata Power’s Sandeep Bangia: ‘We are committed to playing a key role in India’s transition to e-mobility.’
Think Globally, Act Locally: Continental is Committed to Sustainable Business Worldwide
With its annual Energy & Environment Days, Continental encourages mindful awareness of environmental topics at its Tires production sites worldwide Continental aims to achieve 100 percent carbon-neutrality along its entire value chain by 2050 Solar plants already make a significant contribution to electricity production at Continentals tire plants today Hanover, Germany, June 4, 2021. Setting… Continue reading Think Globally, Act Locally: Continental is Committed to Sustainable Business Worldwide
China’s Oceanpine Capital closes RMB fund at $313m for deep tech bets …
Chinese investment firm Oceanpine Capital has closed a new RMB-denominated fund at 2 billion yuan ($313.4 million) as it seeks to up the ante on deep technology investments. The fund was closed within three months of its launch, Oceanpine said in a WeChat post on Wednesday. The new vehicle secured commitments from local government-guided funds,… Continue reading China’s Oceanpine Capital closes RMB fund at $313m for deep tech bets …
Blackstone to acquire International Data Group from China Oceanwide
US buyout major Blackstone on Thursday announced it is acquiring market intelligence firm International Data Group (IDG) for an enterprise value of $1.3 billion. Blackstone-managed private equity funds have signed an agreement to buy IDG from Oriental Rainbow, a subsidiary of China Oceanwide Holdings Group. Founded in 1964, IDG provides technology research, data, advisory services,… Continue reading Blackstone to acquire International Data Group from China Oceanwide
ABB to electrify vehicle fleet, source 100% renewable electricity by 2030
ABB said it commits to electrifying its fleet of more than 10,000 vehicles by 2030. NEW DELHI: Engineering major ABB on Thursday said it has strengthened its commitment to reduce carbon emissions. On its way to reaching its ambitious science-based targets, the company commits to electrifying its vehicle fleet by 2030, sourcing 100 percent renewable… Continue reading ABB to electrify vehicle fleet, source 100% renewable electricity by 2030