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Panasonic Energy Readies for Mass Production of 4680 EV Batteries at Renovated Wakayama Plant

The upgraded Panasonic Energy facility in Wakayama, Japan, is ready to produce its 4680 electric car batteries in large quantities. Improved EV drivin

The upgraded Panasonic Energy facility in Wakayama, Japan, is ready to produce its 4680 electric car batteries in large quantities. Improved EV driving range and fewer cells required per battery pack are the goals of the new 4680 cells, which have five times the capacity of the smaller 2170 batteries. With production commencing following automobile clients approval, the factory will play a pivotal role in manufacturing these cuttingedge batteries. In addition to housing 400 workers by March 2025, the facility will test manufacturing procedures that might be used in other battery facilities worldwide. Panasonic now produces 2170 and 1860 cylindrical batteries in its additional Japanese plants. Read More..

B2B Tech News | 1 years ago        

Fuji Soft Shares Surge 7% Above KKRs $3.9 Billion Bid, Sparking Speculation of Rushed Sale

As of right now, shares of Fuji Soft are trading 7% higher than the $3.9 billion takeover price made by American buyout group KKR, raising the possibi

As of right now, shares of Fuji Soft are trading 7% higher than the $3.9 billion takeover price made by American buyout group KKR, raising the possibility that the business acted hastily to accept the offer. The offer from KKR, which values Fuji Soft at 8,800 yen per share, came after a significant selloff in stocks worldwide. Bain Capital, however, has stated that if it had known Fuji Soft was interested in selling, it would have offered a more extensive offer. With the approval of the companys board, Bain Capital is now working on a legally binding proposal that would relieve 3D, the largest shareholder of Fuji Soft, of its need to offer shares to KKR. The status quo persists while investors want a better offer. Read More..

B2B Tech News | 1 years ago        

Wardwizard Innovations to Form Joint Venture in Saudi Arabia for Electric Vehicle Assembly and Cell Production

The Saudi Arabian joint venture, Wardwizard Innovations and Mobility, an Indian manufacturer of electric vehicles, said that it had received a letter

The Saudi Arabian joint venture, Wardwizard Innovations and Mobility, an Indian manufacturer of electric vehicles, said that it had received a letter of intent. As part of this endeavour, an assembly facility for electric two, three, and fourwheelers will be established, and there are also plans to produce electric buses in the future. The joint venture will also include an EV cell factory that produces electric car cells. The corporation did not make the joint ventures financial information public. Read More..

B2B Tech News | 1 years ago        

Japans Economy Grows at Slower Pace in Q2 2024, Annualized GDP Expansion Cut to 2.9%

According to updated estimates, Japans economy expanded by 2.9% annually in Q2 2024 instead of 3.1%, the first announced rate. The revised estimate in

According to updated estimates, Japans economy expanded by 2.9% annually in Q2 2024 instead of 3.1%, the first announced rate. The revised estimate indicates a more uncertain economic picture for the years second half, primarily due to lower business and consumer expenditure. The preliminary 0.8% growth rate was reduced to 0.7% quarteroverquarter. Capital spending and private consumption were both revised lower. Though they caution against prospective slowdowns brought on by outside causes, such as potential slowdowns in the US and China, analysts predict a steady economic rebound. A probable rate rise by December challenges the Bank of Japan as it works to normalise its monetary policy while navigating these dynamics. Read More..

B2B Tech News | 1 years ago        

UN Chief Guterres Slams Africa’s Debt Crisis as ‘Unsustainable’ at ChinaAfrica Summit

During the ChinaAfrica Cooperation Summit in Beijing, UN SecretaryGeneral Antonio Guterres cautioned that societal unrest might result from Africas de

During the ChinaAfrica Cooperation Summit in Beijing, UN SecretaryGeneral Antonio Guterres cautioned that societal unrest might result from Africas debt issue, calling it "unsustainable." He urged for comprehensive changes to the international financial system to provide poor nations the liquidity they need to address problems like climate change. Significant debt, restricted access to debt relief, and inadequate financing for fundamental necessities and sustainable development are among the issues that Guterres brought attention to in several African countries. In order to confront the effects of climate change, he underlined the necessity of solid debt relief and improved resources. China, a significant infrastructure and mining investor, is hosting the conference. African leaders are looking to China to help industrialise their economy and increase agricultural exports. Read More..

B2B Tech News | 1 years ago        

Britain Needs £1 Trillion Investment Over Decade to Boost Economic Growth, Taskforce Reports

As per the Capital Markets Industry Taskforce, a further £1 trillion $1.3 trillion in investment is required in Britain over the next ten years to su

As per the Capital Markets Industry Taskforce, a further £1 trillion $1.3 trillion in investment is required in Britain over the next ten years to support economic development. The UK has struggled to achieve a 2.5% annual growth rate since before the financial crisis of 2008. The yearly cost of £100 billion is primarily due to housing, energy, and venture capital. Nigel Wilson, the former CEO of Legal & General, proposes using the £6 trillion insurance and pensions market in the UK to provide this cash. Additionally, the research suggests tax breaks for individual investors. A different study also revealed that UK pensions should invest twice as much in domestic and unlisted stocks to keep up with international norms. Read More..

B2B Tech News | 1 years ago        

Indias SEBI to Introduce Stricter Derivatives Trading Rules to Curb Speculation

Stricter regulations on derivatives trading are about to be implemented by Indias Securities and Exchange Board SEBI to reduce ordinary investors spec

Stricter regulations on derivatives trading are about to be implemented by Indias Securities and Exchange Board SEBI to reduce ordinary investors speculative activity. The minimum trading amount will be virtually tripled, and options contract expirations will be limited to one per weekly exchange under the new restrictions. Responding to resistance from traders and brokers, SEBI intends to revisit previous recommendations, including raising margin requirements and tracking intraday positions. Concerns over the rapidly increasing number of derivative trades—which hit a recordbreaking ₹10,923 trillion $130.13 trillion in August—are behind the decision. After seeing a sharp increase in the percentage of individual investors in index options—from 2% to 41%—SEBI took action to safeguard small investors and maintain market stability. Later this month, the final rules should be announced. Read More..

B2B Tech News | 1 years ago        

ConnectOne Bancorp Announces $284 Million AllStock Acquisition of First of Long Island

Governor of the Reserve Bank of Australia RBA, Michele Bullock, stressed that the main worry should be sustained inflation and that it is premature to

Governor of the Reserve Bank of Australia RBA, Michele Bullock, stressed that the main worry should be sustained inflation and that it is premature to think about shortterm rate reductions. Bullock said that bringing inflation down to the 23% goal range is still the RBAs top aim in a speech in Sydney. Bullock remained hawkish in July despite the sluggish economic growth and a minor decrease in headline inflation to 3.5%. She emphasised that pressures on domestic inflation, especially in the housing and market services sectors, are still a factor in abovetarget inflation. Since last November, the RBA has maintained interest rates at 4.35% and will react suitably to economic shifts. Markets anticipate a 42% chance of a rate cut by November, but Bullock stressed that high inflation must be addressed to avoid more severe financial impacts. Read More..

B2B Tech News | 1 years ago        



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