Author: Lexy Li

27 Oct Canadian Pension Fund CDPQ to Invest JPY70bn in Japan’s Shizen Energy

Posted at 14:51 by Lexy Li

Canada's pension fund, Caisse de dépôt et placement du Québec (CDPQ), intends to invest a total of JPY70bn (USD474m) in the Japanese renewable energy company Shizen Energy, as reported by Nikkei Asia on October 24. The investment comprises a JPY50bn (USD338.14m) co-investment framework regarding renewable energy...

27 Oct India Fines Google USD162m for Anti-competitive Practices

Posted at 14:45 by Lexy Li

India's antitrust authority, the Competition Commission of India (CCI), has fined Google [GOOG:US] INR13.4bn (USD162m) for engaging in anticompetitive behavior through the Android platform, as reported by Nikkei Asia on October 21. According to CCI, to maintain Google's dominance across a variety of markets, the company...

27 Oct Australia Joins Global Pledge to Reduce Methane Emissioustralia Joins Global Pledge to Reduce Methane Emission

Posted at 14:44 by Lexy Li

Australia has joined the Global Methane Pledge to reduce methane emissions by 30% by 2030, as reported by Reuters on October 23. The Global Methane Pledge, led by the US and the European Union, has been signed by 122 countries. According to Australia's climate change...

20 Oct Foxconn Launches Two EV Prototypes

Posted at 12:35 by Lexy Li

Taiwanese electronics manufacturer Foxconn Technology [2354:TT] has unveiled two electric vehicle (EV) models, namely the Model B crossover SUV and Model V pickup truck, as reported by Nikkei Asia on October 18. Rather than selling vehicles under its own brand, Foxconn intends to assemble electric...

20 Oct Lotte Chemical Seeks More M&As to Build Complete Battery Material Value Chain

Posted at 12:29 by Lexy Li

South Korean chemical business Lotte Chemical [011170:KS] is looking for further M&A deals to build a complete battery material value chain, as reported by the Korea Economic Daily on October 16. Concerning possible investment opportunities, the business has been in discussions with various battery materials...

13 Oct Toyota Launches Flex-Fuel Pilot Project in India

Posted at 13:41 by Lexy Li

Toyota Motor [7203:JP] has kicked off a pilot project for flex fuel-strong hybrid electric vehicle (FFV-SHEV) in Delhi, as reported by Reuters on October 11. The Toyota Corolla Altis FFV-SHEV, made by Toyota Kirloskar and using flex fuel technology, was also reveaEled at the event....

12 Oct SK Innovation to Build USD1.19bn Plastic Recycling Complex in Ulsan Factory

Posted at 14:42 by Lexy Li

SK Innovation [096770:KS], SK Group's energy and chemical company, plans to build a KRW1.7tr (USD1.19bn) plastic recycling complex by the second half of 2025 in its Ulsan factory, as reported by the Korea Herald on October 11. The business plans to construct facilities that will...

12 Oct China’s Gotion to Build USD2.36bn Plants to Manufacture Battery Materials in Michigan

Posted at 14:29 by Lexy Li

Chinese electric vehicle (EV) battery provider Gotion High-Tech [002074:CH] will spend USD2.36bn to develop a battery material production factory in Michigan to extend its footprint in North America, as reported by Caixin Glocal on October 7. According to a statement from the Michigan state government, the...

29 Sep India Approves New Round of Incentive Scheme to Support Solar Module Industry

Posted at 12:43 by Lexy Li

The Indian government has approved an additional INR195bn (USD2.4bn) funding for a new round of production-linked incentive (PLI) scheme to promote the production of high-efficiency solar photovoltaic (PV) modules, as reported by the Economic Times on September 22. Under the scheme, selected manufacturers will receive...

29 Sep Mitsubishi Plans for A Large Ammonia Hub in Texas

Posted at 12:34 by Lexy Li

Japanese trading house Mitsubishi Corp [8058:JP] is mulling constructing one of the world's largest ammonia production facilities in Texas, as reported by Nikkei Asia on September 28. On the same day, the Japanese company signed a memorandum of understanding (MOU) with the Corpus Christi port...

27 Sep Foxconn to Set up Indonesian JV to Manufacture EVs and Batteries

Posted at 16:37 by Lexy Li

Hon Hai Precision Industry [2317:TT], commonly known as Foxconn, will establish a joint venture (JV) in Indonesia with local energy company Indika Energy [INDY:IJ] to build electric vehicles (EVs) and batteries, as reported by Nikkei Asia on September 23. Foxconn would invest USD1.75m in the JV...

27 Sep POSCO to Invest USD14.1bn to Cut Carbon Emissions

Posted at 16:30 by Lexy Li

South Korean steelmaker POSCO Holdings [005490:KS] will invest KRW20tr (USD14.1bn) to reduce carbon emissions from its operations, as reported by Nikkei Asia on September 23. To replace polluting old blast furnaces, the company will construct two electric furnaces, one at its Gwangyang factory and the...

26 Sep Chinese EV Maker Leapmotor to Raise USD800m with Hong Kong IPO

Posted at 19:18 by Lexy Li

Chinese electric vehicle (EV) manufacturer Zhejiang Leapmotor Technology (Leapmotor) will price its Hong Kong initial public offering (IPO) at HKD48 (USD6.12) per share with a goal of raising USD800m, as reported by Reuters on September 25. Leapmotor said last week that it planned to sell...

21 Sep Indonesia Passes Personal Data Protection Bill

Posted at 15:31 by Lexy Li

Indonesia's parliament has enacted a personal data protection bill after discussions for more than a year, as reported by Reuters on September 20. Under the new law, data handlers who leak or misuse private information might face up to five years in prison. In addition,...

21 Sep LG Electronics to Produce Solar Energy to Support Power Usage

Posted at 15:18 by Lexy Li

LG Electronics [066570:KS] has inked a memorandum of understanding (MoU) with GS EPS, a power production firm of the South Korean GS Group [078930:KS], to procure renewable energy for its facilities, as reported by the Korea Economic Daily on September 19. According to the MoU,...