Automotive technology company Protean Electric has completed a $40m equity investment as the initial closing of its Series E funding round. The investor group is led by Weifu High-Technology Group, a leading diversified automotive ...
Mercedes-Benz has premiered its new A-Class L Sedan at the Beijing International Automotive Exhibition (Auto China 2018). The notchback model being presented there features a 6 cm longer wheelbase (2789 instead of 2729 mm) and is a ...
Tags: Mercedes Benz, Auto China 2018
German automakers BMW and Daimler have agreed to merge their respective mobility services business units into a joint venture (JV) in which each company will hold a 50% stake. The agreement will bring together the companies’ ...
Automotive parts supplier Magna International formed a joint venture (JV) in China to make composite liftgates for a global automaker’s crossover vehicle commencing in late 2018. The JV with Guangzhou Automobile Group (GAC) ...
Tags: Magna, Chinese Automaker
Global meat processing company Danish Crown’s subsidiary DAT-Schaub has purchased a majority stake in Shanghai Natural Casing for an undisclosed price to expand its operations in China. The purpose of the acquisition is to gain ...
Tags: meat, meat processing
National Agricultural Development Company (NADEC) has agreed to acquire 100% of Al Safi Danone (ASD) for an undisclosed price to consolidate its position in Saudi Arabian dairy market. ASD is a joint venture between the Saudi Arabia-based ...
French automaker Groupe PSA will build Peugeot and Opel vehicles in Walvis Bay, Namibia, in 2018. Groupe PSA and Namibia Development Corporation (NDC) have signed a joint-venture agreement to start the assembly plant. The vehicle ...
Tags: Groupe PSA, Opel vehicles
German automotive manufacturing firm Continental has agreed to establish a joint venture (JV) with China’s CITC to manufacture 48-volt battery systems. The companies, via their respective subsidiaries, will set up the JV for the ...
Tags: automotive, Continental
Daimler Mobility Services said that it acquire the 25% stake in car2go Europe from joint venture partner Europcar Group. The acquisition means that following approval of the transaction by the relevant authorities, 100 percent of the ...
Tags: Daimler, Daimler Mobility Services
German industrial packaging firm Mauser Group has acquired the manufacturing assets of MaschioPack North America for an undisclosed amount. MaschioPack North America is engaged in manufacturing 275-gallon and 330-gallon Intermediate Bulk ...
Tags: industrial packaging
Nordic food company HKScan has agreed to form a joint venture (JV) with Zhejiang Qinglian Food to sell Finnish pork products to Chinese consumers. HKScan is looking to establish a new presence on the Chinese market by launching products ...
Tags: Pork Products, pork
US food giants Archer Daniels Midland (ADM) and Cargill have signed an agreement to create a joint venture (JV) to meet increasing customer demand for soybean meal and oil in Egypt. The JV, which will be equally owned by the partners, ...
Tags: Archer Daniels Midland, soybean
Cargill has invested in Puris to accelerate pea protein production for North American and global markets. With the rapid rise in consumer demand for plant-based protein, Puris, the largest North American producer of pea protein, and ...
Tags: Cargill, pea protein
To cope with increasing price competition in the blue LED segment, Taiwan-based LED packaging firms are shifting the focus of their production to infrared (IR) and sensing devices, reports Digitimes. China’s largest LED packaging ...
Tags: LED market, LED chips
China-based PV module makers are making R&D efforts trying to break barriers of patents concerning shingled array modules owned by Europe- and US-based firms, according to industry sources. Shingled array technology is to equally divide ...
Tags: PV module, shingled array module