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General Motors Expands its Design Studio in China

United States auto manufacturer General Motors Co. (GM) says that it has expanded its studio design in China which will only be focusing on developing electric and connected cars. GM says that going forward the Chinese design studio will no longer design petrol vehicles. Not long ago, the GM which is the largest vehicle manufacturer […]

Nissan Confirms Its Presence in the UK is a Long Term One

Japan based auto manufacturer Nissan Motor Corp. (TYO: 7201) has affirmed that its presence in the UK will be a long term one, this is after the company set up a $1.4 billion investment of a new electric vehicle plant and battery facility in northern England. The Japanese automaker assured of its presence and operations […]

Didi Raises $4.4 Billion From United States IPO

China based ride hailing company operating passenger transportation platform Didi Global Inc. (DIDI) announced having fetched a staggering $4.4 billion from its U.S initial public offering held on June 29. The company sold 317 million American Depositary shares (ADS) with each share going for $14. Earlier on, Didi had said that it would be floating […]

Ireland Contemplating if to Only Allow Those Vaccinated Drink Inside Pubs and Restaurants

Ireland is deciding whether it should only allow those vaccinated have drinks inside pubs and restaurants. The government of Ireland says that it will be holding cabinet meetings to deliberate on this. Ireland’s minister of transport Eamon Ryan, while addressing to journalists said that the government is considering a recommendation from the National Public Health […]

Voyager Innovations Raises $167M in a Financing Round Led by KKR and Tencent

Philippine based digital and financial service company Voyager Innovations announced having raised $167 million from its latest financing round which was led by global investment company KKR & Co. Inc. (KKR), Chinese tech giant Tencent Holding Ltd. (HK: 0700) and Shareholders PLDT Inc. (PS: TEL). The company says it will be using some part of […]

Starlink to Go Public Once Cash Flow is Predictable

Billionaire Elon Musk says the Starlink, which is SpaceX’s space internet venture will go public once its cash flow is more reasonably predictable. Musk made this announcement using Twitter on June 24. “Going public sooner than that would be very painful. Will do my best to give long-term Tesla shareholders preference,” tweeted Musk. This tweet […]

Tesla Opens First Charging Station in China

Leading electric vehicle manufacturer Tesla Inc. (TSLA) has officially opened its first charging station in China which is also equipped with own solar and energy storage facilities. The company said this charging station is located in Lhasa city and it will be generating energy from sunlight and storing it in energy storage facilities for electric […]

Volvo Partners with Northvolt to Produce Batteries for its EV Cars

Sweden based luxury car manufacturer Volvo Car Group AB (STO: VOLV) announced having entered into a partnership with Swedish battery manufacturer Northvolt to develop and produce sustainable batteries for its electric vehicles. The two parties will set up a gigafactory in which production of these batteries will be taking place. Additionally, they will also come […]

Byte Dance CEO Says He’s Adapting to Life Away From CEO’s Daily Work

The founder and former CEO of owner Chinese internet technology company ByteDance, Zhang Yiming, informed his fellow staff members that he is already adapting to life without the normal daily activities and responsibilities of a company’s chief executive. Zhang made the revelation on June 17 after attending a staff meeting. Two individuals who were present […]

EBay Selling its South Korean Business in a Deal Worth $3.6 Billion

United States based international e-commerce company eBay Inc. (EBAY) announced that it will be selling its South Korea business in a deal worth about 4 trillion won ($3.6 billion). According to involved sources, eBay is selling its South Korea unit to two entities; E-Mart Inc. (KS: 139480) a South Korea based online retailer owned by […]