Nio has been at the brink before. Can the EV maker rally again?
A just-in-time share sale to CYVN Holdings LLC, an investment entity controlled by the government of Abu Dhabi, may get Nio off the immediate hook......»»
LMP Automotive sells last franchised dealerships
LMP Automotive Holdings, which once had grand ambitions to roll up dozens of dealerships, sold its final two franchised dealerships this month......»»
BeeKeeperAI raises $12.1 million to accelerate AI development on privacy protected healthcare data
BeeKeeperAI has closed $12.1 million in Series A financing. The round was led by Sante Ventures, with participation from the Icahn School of Medicine at Mount Sinai, AIX Ventures, Continuum Health Ventures, TA Group Holdings, and UCSF. The new fundin.....»»
Global Auto Holdings to buy UK car dealership chain Lookers for $595 million
Global Auto Holdings, an entity related to privately-owned Canadian car dealer network Alpha Auto Group by having the same owner, said the acquisition enables its entry to the UK market and supports its bid to become a global auto retailer......»»
Fujifilm set to expand production of advanced semiconductor materials in Taiwan
Japan's Fujifilm Holdings has disclosed plans to invest NT$3.38 billion (US$110 million) to bolster production of chemical mechanical planarization (CMP) slurry and lithography-related materials in Taiwan to better serve its semiconductor customers......»»
FTX: Singapore state fund Temasek cuts pay after failed investment
Last year, Temasek Holdings wrote off all of the $275m (£222.8m) it had invested in FTX......»»
WPG expects flat or slight revenue growth in 2Q23
IC distributor WPG Holdings expects flat or moderate sequential revenue growth in the second quarter of 2023, following an 18% decline in the first quarter. WPG's first-quarter consolidated revenue fell 31% on year to NT$144.7 billion (US$4.72 billio.....»»
Mitac sees server order visibility stay low
The visibility of server orders remains low despite an influx of short lead-time orders, according to Mitac Holdings president Bill Ho. Mitac's outlook for the year is conservative......»»
TuSimple to restructure U.S. business, lay off 30% of staff
TuSimple Holdings Inc. said on Thursday it will cut 30% of its workforce in the United States under a restructuring as the autonomous driving technology company looks to preserve its balance sheet amid a funding crunch in the sector......»»
EIH looks to ESLs, signage boards for 2024 growth
E-paper solution provider E Ink Holdings (EIH) expects to experience explosive demand growth for electronic shelf labels (ESLs) from the North America market in 2024......»»
Webb Protocol raises $7 million to build interoperable privacy in Web3
Webb Protocol raised $7 million in a seed funding round co-led by Polychain and Lemniscap, with participation from Zeeprime, CMS Holdings among others. The funding will go towards growing Webb’s staff base, accelerating the development of innov.....»»
Kia, Nissan, Ford, Stellantis and GM dealerships sell across 5 states
A West Coast auto retailer bought and sold dealerships, a dealer acquired his first Ford store, a group grew to three stores and two brothers expanded their holdings, all in transactions that closed in the second and fourth quarters of 2022 and the f.....»»
EIH eyeing signage board opportunities
E Ink Holdings (EIH), an e-paper solutions supplier, is looking for a more significant presence in the e-paper signage segment by offering large-size models, according to company chairman Johnson Lee......»»
EIH grows e-paper ecosystem to include BOE, MediaTek
E Ink Holdings (EIH), an e-paper solutions supplier, is actively expanding its e-paper application ecosystem to include panel vendor BOE Technology and IC design house MediaTek......»»
SEGA turns Angry Birds’ frown upside down as it’s set to acquire Rovio for $770 million
SEGA parent company SEGA SAMMY HOLDINGS has announced that it has arrived at a deal with Angry Birds developer Rovio to acquire the company for € 700 million ($770 million). The move comes as SEGA aims to “further strengthen its position in this.....»»
E Ink reveals new e-paper solutions for digital signage
E-paper solution provider E Ink Holdings (EIH) has unveiled the E Ink Spectra 6 technology, suitable for indoor advertisement and indoor digital signage and capable of replacing any paper-based poster, and the E Ink Kaleido 3 Outdoor e-paper solution.....»»
LMP Automotive sells 2 West Virginia stores to Friendship Family of Dealerships
LMP Automotive Holdings Inc. has sold two more dealerships and said it is under contract to sell two other franchised dealerships in West Virginia, believed to be its last franchised stores......»»
Microvast announces first polyaramid separator plant in Kentucky
Microvast Holdings will invest $504 million in the creation of a polyaramid separator plant in Hopkinsville, Ky......»»
EIH eyeing robust demand from Chinese educational market
E-paper solution provider E Ink Holdings (EIH) is growing its presence in the China market, where demand for e-paper solutions from the education sector is likely to pick up significantly, according to company chairman Johnson Lee......»»
Changes raise questions about Toyota’s Woven unit as software work streamlined
Woven Planet Holdings, the critical software-first company tasked with programming Toyota's next-generation digital cars, is again going through some reinvention......»»