2022-05-12

Ashok Leyland's [AL:IN] electric vehicle (EV) arm Switch Mobility will invest INR10bn (USD USD129m) in a dedicated EV plant in South India, as reported by Economic Times on May 10. People familiar with the matter disclosed that the EV plant would be located in the...

HK Electric [2638:HK], one of Hong Kong’s two major electric generation companies, announced a plan to build a 600-hectare (1,482-acre) offshore wind farm southwest of Lamma Island, as reported by South China Morning Post on May 6. The wind farm will include 13 to 19...

Australia’s biggest natural gas exporter Woodside Petroleum’s [WPL:AU] has been criticized by proxy advisory firm Glass Lewis for its lagging climate strategy, as reported by Reuters on May 9. In light of this, Glass Lewis recommended that shareholders of Woodside vote against the company’s climate...

Chinese electric vehicle (EV) maker and battery producer BYD [1211:HK] is under investigation by authorities after residents accused its car factory in Changsha, Hunan Province of excessive emission and health hazards, as reported by Strait Times on May 9. Posts on China’s social media Weibo...

India is planning to reopen more than 100 coal mines previously considered financially unsustainable to address the nationwide power crisis caused by heatwave, as reported by Reuters on May 6. On the same day, India’s coal ministry’s top bureaucrat revealed that the country is expected...

China’s largest battery producer Contemporary Amperex Technology (CATL) [300750:CH] is in the final stages of setting up battery plants in the US, as reported by Reuters on May 6. According to two people familiar with the matter, CATL is in talks to build American factories...

BNP Paribas Asset Management (BNPP AM), the asset management arm of BNP Paribas [BNP:FP], has launched the Sustainable Asian Cities Bond, a new fixed income strategy aiming to support sustainable urbanization in Asian cities, as reported by ESG Today on May 9. The fund is...

HSBC [HSBC:US] has launched a Global Biodiversity Discretionary Strategy for its Global Private Banking (GPB) services in Asia, as reported by The Asset on May 4. Managed by Lombard Odier, a founding member of the Natural Capital Investment Alliance, the strategy marks the bank’s first...

en_USEnglish