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Xiaomi Set to Launch Electric Car on March 28
Xiaomi Makes Waves with Launch of Electric Car SU7 Chinese consumer electronics giant Xiaomi has set the stage for its much-anticipated entry into the electric.....»»
Xinjiang Abuses Show Need for Robust EU Forced Labor Law
VOICEOVER:Do you have a car? If so, then parts of your car could be made with forced labor from China. Let's explain how. The first thing you need to know is that factories in China make the most cars in the world.Major brands such as General Motors, Tesla, BYD, Toyota, and Volkswagen manufacture and sell cars in China. .....»»
China: Carmakers Implicated in Uyghur Forced Labor
VOICEOVER:Do you have a car? If so, then parts of your car could be made with forced labor from China. Let's explain how. The first thing you need to know is that factories in China make the most cars in the world.Major brands such as General Motors, Tesla, BYD, Toyota, and Volkswagen manufacture and sell cars in China. .....»»
Moovr launches new electric bikes, scooters around BGC, Makati, McKinley Hill
Electric vehicle sharing service Moovr has revamped its mobile application and launched new electric scooter and bicycle units around Metro Manila's key central business districts......»»
Increasing demand for electric vehicles
The Department of Energy (DOE) in Mindanao has observed a growing demand for electric vehicles (EVs). Engr. Adrian Mel B. Delola, a Science Research Specialist II at DOE Mindanao Field Office, discussed this trend during the Kapehan sa Dabaw on January 15, 2024. He highlighted the impact of the Electric Vehicle Industry Development Act (Evida Law), implemented on April 15, 2022, which has contributed to the increasing interest in EVs. Delola acknowledged that the current cost of EVs is a concern but expressed optimism that as demand rises, the number of charging stations will increase and the cost of units will subsequently decrease. He also addressed the presence of hybrid models in key cities in Mindanao and the challenge of limited car dealerships facilitating their distribution. Additionally, Delola touched on the use of e-trikes, classified as light EVs under RA 11697, and the regulations regarding their weight and use on national highways. The DOE is working with various agencies to address issues related to the registration and use of e-trikes. Sellers are also advising consumers on the proper use of e-trikes for private purposes and cautioning against their use on national highways......»»
Jollibee buys 10% stake in Botrista for $28-M
Jollibee disclosed that it purchased a 10% stake in Botrista, a “leader in the beverage technology space”, for $28 million through its subsidiary, Jollibee Worldwide Pte. Ltd......»»
BPI to sell its entire 15% GoTyme Bank stake back to the Gokongweis
Zobel Family banking unit BPI disclosed that its board of directors has approved the sale of BPI’s stake in GoTyme Bank to a subsidiary of JG Summit and a company called Giga Investment Holdings Pte. Ltd. at a price of P1.20/share......»»
PAL denies that it has started the groundwork to sell a minority stake to strategic investor
Philippine Airlines issued a clarification to a news article that claimed PAL was looking to sell a 20% to 25% minority stake to a strategic investor, and that PAL “recently formed a team to ‘receive some offers’”......»»
PAL revives stake sale to investors
Taipan Lucio Tan has revived plans to sell a significant stake in Philippine Airlines (PAL) to a strategic investor who could help the flag carrier soar to even greater heights, industry sources said......»»
AboitizPower hikes stake in STEAG
Aboitiz Power Corp. has acquired an additional 15.6 percent stake in STEAG State Power Inc., boosting its equity to a majority of 85 percent......»»
Metro Pacific exploring purchase of Ayala Corp.’s LRT-1 stake
Back in mid-January, news broke that Ayala Corp. was looking to sell its 35% stake in Light Rail Manila Corp. to the Villar Group, but that AC’s co-investor, Metro Pacific Investments, had the right of first refusal under its shareholders agreement......»»
MPIC to pursue buyout of Ayala stake in LRT-1
Metro Pacific Investments Corp. plans to buy out the 35 percent stake of the Ayalas in the operator of Light Rail Transit Line 1 to beef up MPIC’s portfolio for its eventual bid for other railways......»»
REDC anchor investor buys secondary share stake
This transaction highlights the important differences between primary (new) and secondary (pre-owned) shares. In this case, had TOKAI purchased the stake in primary shares from REDC......»»
MGreen hikes stake in SPNEC
MGen Renewable Energy Inc. a wholly owned subsidiary of Meralco Powergen Corp., has raised its stake in integrated solar developer SP New Energy Corp......»»
Germany mulling sale of stake in top gas importer - Bloomberg
Uniper was nationalized after facing 40 billion in losses due to the halt in Russian gas supplies The German government is preparing to sell part of its 99% stake in the country's main gas importer Uniper, which was bailed out during the energy crisis of 2022, Bloomberg reported on Wednesday, citing people familiar wi.....»»
Germany mulling stake sale in major gas importer - Bloomberg
Uniper was nationalized after facing 40 billion in losses due to the halt in Russian gas supplies The German government is preparing to sell part of its 99% stake in the country's major gas importer Uniper, which was bailed out during the energy crisis in 2022, Bloomberg reported on Wednesday, citing people familiar w.....»»
Ayala Corp. is interested in selling LRT-1 stake to Villar Group
Bilyonaryo is reporting from a source that Ayala Corp. is interested in selling its 35% stake in Light Rail Manila Corp. to Manny Villar, but that Metro Pacific Investments, AC’s co-investor in LRMC, has a right of first refusal......»»
How BYD Transformed from Battery Maker to Electric Vehicle Leader, Surpassing Tesla
Chinese automaker BYD, backed by Warren Buffett, has overtaken Tesla to become the world’s top electric vehicle (EV) maker in the fourth quarter of 2023,.....»»
3 Chinese face raps for using fireworks display on Chinese New Year in Davao City
THREE Chinese nationals in Davao City will face legal cases for violating City Ordinance 060-02, also known as the Firecracker Ban, after their minute-long fireworks display during the Chinese New Year celebration on Friday night, February 9, 2024......»»
Golden Tigresses stake perfect record vs winless Maroons
Opposites collide as unbeaten University Santo Tomas takes on the winless University of the Philippines nearing the homestretch of the UAAP Season 86 women’s volleyball tournament first round......»»