M&A | Investment

Carlyle agrees to acquire Nidec Components

Global investment firm Carlyle (NASDAQ: CG) today announced that it has agreed to acquire Nidec Components Corporation (“Nidec Components”) from Nidec Corporation, its parent company. The transaction is subject to…

ESG | Sustainability | CSR

BHP and China Baowu renew steel decarbonisation partnership

BHP and China Baowu Steel have renewed their steel decarbonisation partnership through a new Memorandum of Understanding (MoU), building on five years of collaboration and multiple joint initiatives since 2020.…

Partnership

Geely Holding Group and NIO Deepen Strategic Cooperation in Battery Swapping and Charging

Zhejiang Geely Holding Group Co., Ltd. (ZGH) and NIO Holding Co., Ltd. (NIO) have entered into a comprehensive strategic cooperation in charging and battery swapping. The two sides have reached…

Market | Biz

XPENG Malaysia Accelerates Nationwide Footprint With 10 New Strategic Showrooms by End-2026

XPENG Malaysia today announced a major expansion of its nationwide retail and aftersales footprint, confirming 10 new strategic 3S/4S showroom locations targeted for deployment across Malaysia by the end of…

Innovation

Company Events

Construction Begins on Grid-Scale Battery Energy Storage Facility in Namie, Fukushima

Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Shingo Ueno; “Sumitomo Corporation”), through BS Holdings Co. Ltd. (“BS Holdings”*1), is developing a grid-scale battery energy…