Hyundai Motor Group said Monday its three affiliates and its chief have acquired a controlling stake in U.S.-based robotics firm Boston Dynamics, Inc. for US$880 million.
Large transactions included the acquisition of Jio Platforms by Jaadhu, a subsidiary of Facebook, for USD 5.7 billion, the acquisition of Tower Infrastructure Trust by Canada’s Brookfield Infrastructure and GIC (Singapore) for USD 3.7 billion and the sale of the electrical and automation division of Larsen & Toubro India for USD 2.1 billion.
India received USD 64 billion in Foreign Direct Investment in 2020, the fifth largest recipient of inflows in the world.
South Korea’s exports rose 29.5 percent on-year in the first 20 days of June on the back of robust demand for chips, autos and petroleum products, customs data showed Monday.
NSW will provide $3,000 rebates and slash stamp duty for electric vehicles, and the automotive industry is hailing it as the most significant reform ‘in decades’
Australia’s automotive retailing industry has welcomed a NSW Government pledge to waive stamp duty on electric vehicles (EVs) under $78,000 and provide rebates of $3,000 on eligible purchases, describing the state’s $490 million package as the most significant EV policy reform in decades.
Local Chinese companies are urged to develop automotive chips and cut reliance on imports as semiconductor shortages hit the auto industry across the globe.
At Haitong International Automotive Terminal in Shanghai’s Waigaoqiao Port Area, thousands of cars are parked up in lines after inspection, waiting to be shipped around the world.
South Korean units of three foreign carmakers are finally pivoting to a more electric future in the face of toughening competition with their Korean rivals and luxury German brands as a way to survive in the changing business environment.
Researchers at the University of Bath, in Britain, have developed a new graphene-based material that significantly reduces aircraft engine noise.
Russia has a goal of creating 11,000 electric filling stations by 2024, and 50,000 such facilities across the country should appear by 2030, Deputy Prime Minister Alexander Novak on Friday visiting Nizhny Novgorod region.