Insights

08 Jul Nissan to Build Battery Gigafactory in UK with Envision AESC

Posted at 11:52h in 2021-07-08, Quick Hits by Sophia Lin

Japanese car manufacturer Nissan [7201:JP] announced its plan to build a GBP1bn (approximately USD1.38bn) gigafactory in Sunderland, the UK, in collaboration with Chinese battery technology company Envision AESC, as reported by CNBC on July 1. This would be the first gigafactory in the UK, estimated...

07 Jul Singapore Launches National E-Waste Management Scheme

Posted at 15:14h in 2021-07-08, Quick Hits by Edward Chen

Singapore’s national electrical and electronic waste (e-waste) management system took effect on July 1, according to an announcement posted by the National Environment Agency (NEA) on June 30. The new system covers common e-waste types including light bulbs, portable batteries, mobile phones, computers, and other...

07 Jul DBS Joins an Alliance to Promote Impact Reporting Standards

Posted at 15:07h in 2021-07-08, Quick Hits by Edward Chen

Four financial firms including UBS [UBS:US], Singapore’s DBS [DBS:SP], Denmark’s Danske Bank [DANSKE:DC], and Amsterdam-based ABN AMRO Bank [ABN:NA] issued a joint press release on June 30 with Harvard Business School’s Impact-Weighted Accounts Initiative (IWAI) and the Impact Institute, announcing that they would ally to...

06 Jul CAC Removes Didi from Chinese App Stores amid Cybersecurity Investigation

Posted at 16:34h in 2021-07-08, Quick Hits by Edward Chen

The Cyberspace Administration of China (CAC) on July 4 ordered to remove the mobile app of ride-hailing giant Didi [DIDI:US] from app stores in the country, as reported by Caixin later that day. The order came after the CAC received reports on the app’s cybersecurity...

05 Jul South Korea to Push Mega R&D Projects for Batteries

Posted at 17:12h in 2021-07-08, Quick Hits by Edward Chen

South Korea plans to accelerate large-scale R&D projects for rechargeable batteries in the form of public-private partnerships (PPP), as reported by The Korea Herald on July 1. According to South Korea’s Finance Minister Hong Nam-ki in a meeting in Seoul earlier that day, the government...

02 Jul Hong Kong SFC Updates ESG Fund Disclosure Guidelines

Posted at 16:34h in 2021-07-08, Quick Hits by Edward Chen

The Securities and Futures Commission (SFC) of Hong Kong issued a circular on June 29 regarding enhanced disclosures for ESG-related funds, according to an official announcement by the SFC later that day. The circular replaced a previous version released in 2019 to management companies of...

01 Jul INSIGHTS | A Look at ESG Reporting Requirements for Hong Kong-Listed Companies

Posted at 17:55h in 2021-07-01, Deep Dive by Haiyan Luo

Amid the rising awareness of ESG issues, Asian governments are prioritizing ESG related regulations and developing rules to push forward more accountable and sustainable development of companies. The Hong Kong Stock Exchange (HKEX) is proposing changes to its Corporate Governance Code and Listing Rules to...

01 Jul Tesla Recalls EVs in China over Cruise Control Safety Concerns

Posted at 10:36h in 2021-07-01, Quick Hits by Edward Chen

Tesla [TSLA:US] recalled 285,520 of its electric vehicles (EVs) in China due to safety concerns on their active cruise control system, as reported by Caixin on June 26. According to an announcement by the State Administration for Market Regulation (SAMR) earlier that day, the active...

01 Jul Panasonic Unloads All Tesla Shares for USD3.6bn

Posted at 10:10h in 2021-07-01, Quick Hits by Eleanor He

Japanese electronics company Panasonic [6752:JP] sold all its shareholdings of Tesla [TSLA:US] for approximately JPY400bn (USD3.6bn) by the end of March in 2021, as reported by Reuters on June 25, citing the company’s spokesman. As Tesla occupied the majority of its battery business, Panasonic explained...

30 Jun NEA to Promote Pilot Programs for Rooftop Distributed PV Panels

Posted at 16:50h in 2021-07-01, Quick Hits by Sophia Lin

China’s National Energy Administration (NEA) plans to carry out pilot programs for rooftop distributed photovoltaic (PV) panels across the country, in order to accelerate the development of rooftop distributed PVs, as reported by National Business Daily on June 23. NEA mentioned that the country had...

29 Jun Samsung Teams up with KEPCO on Smart Home Energy IoT

Posted at 15:38h in 2021-07-01, Quick Hits by Edward Chen

Samsung Electronics [005930:KS], a subsidiary of South Korean conglomerate Samsung Group, and Korea Electric Power Corporation (KEPCO) [015760:KS] signed an agreement on June 28 about a partnership to develop smart home energy solutions for customers, according to The Korea Herald on the same day. Samsung...

29 Jun Gogoro Partners with Foxconn on Battery Swapping System and Smartscooters

Posted at 11:45h in 2021-07-01, Quick Hits by Sophia Lin

Gogoro, a Taiwanese electric scooter and battery swapping developer, signed a MoU with Foxconn [2354:TW] to accelerate the expansion of its battery swapping system and Smartscooters, as reported by PR Newswire on June 23. With this partnership, Gogoro will scale up its production using Foxconn’s...

28 Jun Xpeng Prices Secondary IPO on HKEX up to USD2.3bn

Posted at 14:23h in 2021-07-01, Quick Hits by Edward Chen

Xpeng [XPEV:US], a Chinese electric vehicle (EV) manufacturer listed in the New York Stock Exchange (NYSE), aims to raise up to USD2.3bn (HKD17.6bn) in a secondary IPO in Hong Kong, as reported by South China Morning Post on June 25. On June 23, the listing...

25 Jun India’s NTPC to Build 60GW of Renewables by 2032

Posted at 16:57h in 2021-07-01, Quick Hits by Edward Chen

NTPC Ltd [NTPC:IN], India’s largest power generator, recently announced its target to install 60 gigawatts (GW) of renewable energy by 2032, almost doubling its earlier commitment of 32GW, as reported by The Economic Times on June 24. Most of the renewables expansion is expected to...

25 Jun MEE Entrusts CISA with Preparation to Include Steel Industry in ETS

Posted at 14:30h in 2021-07-01, Quick Hits by Edward Chen

The Ministry of Ecological Environment (MEE) recently entrusted China Iron and Steel Association (CISA) with preliminary tasks to bring the iron and steel industry into the national carbon emissions trading system (ETS), as reported by Shanghai Securities News on June 23. MEE commanded the association...