The proceeds of the IPO will go toward financing Volvo’s efforts to transform its fleet into a fully electric one. It will also invest in battery supply in Europe, the U.S. and China and in…
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Volvo seeks to raise $2.9 billion in IPO to fund its shift to electric vehicles
Volvo Cars will also use the proceeds from the IPO to fund its shift to direct-to-consumer sales and subscription model..Volvo going ahead with an IPO marks a high point for paren.t Geely Holding, who …
China’s large internet companies post faster profit growth in Jan-Aug
BEIJING – China’s large internet companies saw their profits expand at a faster pace in the first eight months of this year, data from the Ministry of Industry and Information Technology showed.
U.S. to Launch Trade Talks with China, Tariffs to Remain in Place
New York, NY, October 4, 2021-The U.S. plans to launch new trade talks with China, but will maintain tariffs on Chinese imports as it presses Beijing to fulfill pledges to buy more U.S. goods and…
China’s plan to block export of ‘core’ data raises questions over implementation
Beijing’s new draft regulation, which defines data according to their level of importance, lack clarity, experts said …
Crypto clampdown: China ban will not hamper ‘biggest political idea for 150 years’
China’s recent ban of all cryptocurrency will not hamper the prospects for what has been described as the “biggest political idea for 150 years” by some asset allocators, who have likened the current …
China’s Crypto Ban Made Bitcoin Stronger, Says Edward Snowden
Bitcoin found another supporter in Edward Snowden, former NSA employee. Snowden mentioned that BTC is up by 1,000% since March 2020.
China has taken a ‘long term bet’ on green tech ambitions, expert tells Net Zero Festival
The West must step up its ambitions if it wants to compete with China’s green tech manufacturers, a leading expert on the country’s net zero ambitions told last week’s Net Zero Festival. Last year, …
Volvo Cars Announces IPO Plan That Could Value It at $25 Billion
The Swedish auto maker said it would proceed with an initial public offering in Stockholm, in a deal that people familiar with the matter say could value it at upward of $25 billion.
China Evergrande to raise $5 bln from property unit sale – Global Times
China Evergrande will sell a majority stake in its property management business for more than $5 billion, Chinese media said on Monday, a deal which would be the largest asset sale yet at the …
The Station: Inside the Rivian R1T and its IPO filing
Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Welp, it was an EV heavy week, starting with the…
2021 Fosun Family Season to Set the “Fosun China-Chic” and Launch Fosun Membership System “Fosun Selection”
Fosun Family Season officially kicked off in Yuyuan in Shanghai. Centered around the theme of “Fosun China-Chic Families Carnival”, Fosun and more than 70 brands in its ecosystem jointly participated …
Silicon metal and aluminum industries hit by China power shortages
A combination of booming demand for coal-fired power and a shortage of the black stuff – exacerbated by a political row with Australia – have forced up prices to the extent fossil fuel generators are…
