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Yunneng Plans to Invest RMB 8 Billion in Phase 2 of Its Yunnan Base so as to Manufacture New Products – EQ Mag

On April 24, Hunan Yuneng New Energy announced that it plans to invest around RMB 8 billion in the development of the phase 2 of its Yunnan manufacturing base. This capacity expansion will be implemented through its wholly-owned subsidiary Yunnan Yuneng New Energy Battery Material. Furthermore, the funding will primarily come from Yuneng itself. The […]

Carplus Joins Hands with Yes Charging on Deploying 100 Charging Stations to Facilitate Convenience in EV Rentals – EQ Mag

In order to improve the accessibility of EV rentals, Carplus Auto Leasing has announced that it would be joining hands with Yes Charging (under Yulon Motor) to deploy 100 charging stations that would accelerate the development of the EV ecosystem. Yes Charging, under Yulon Motor, is targeting the EV rental field once again after becoming […]

ADB and Findev Canada Partner to Support Sustainable and Inclusive Investments in Asia and the Pacific – EQ Mag

INCHEON, REPUBLIC OF KOREA  : The Asian Development Bank (ADB) and FinDev Canada have signed a memorandum of agreement to cooperate on sustainable and inclusive private sector investments that promote sustainable development in Asia and the Pacific. ADB formalized its partnership with FinDev Canada to jointly support private sector growth and investments in emerging and […]

ADB, Indonesia Sign MOU to Develop Nusantara as Carbon-Neutral Forest City

INCHEON, REPUBLIC OF KOREA : The Asian Development Bank (ADB) and Nusantara National Capital Authority (NNCA) have concluded a memorandum of understanding (MOU) that paves the way for collaboration on the planning and development of Nusantara as a carbon-neutral forest city. The agreement was signed today on the sidelines of ADB’s 56th Annual Meeting between […]

ADB,Switzerland Sign $5 Million Cofinancing Agreement to Improve Access to Finance for SMEs in Viet Nam

INCHEON, REPUBLIC OF KOREA : The Asian Development Bank (ADB) and Switzerland signed a cofinancing agreement of up to $5 million to nurture financial technologies (fintech) that can help address low financial inclusion in Viet Nam, particularly among small and medium-sized enterprises (SMEs). This funding, along with a $2 million contribution from the Japan Fund […]

Colombia oil regulator to invest $135 million in renewable energy – EQ Mag

BARRANQUILLA : Colombia’s National Hydrocarbons Agency (ANH) will invest more than $135 million in growing its knowledge of renewable energy options, the agency’s new president Clara Guatame said at an industry event in the Caribbean city of Barranquilla on Wednesday. The government of leftist President Gustavo Petro has set its sights on weaning Colombia from […]

Ford Motor Co’s profit rises on strong truck demand but EV unit continues losses – EQ Mag

Ford Motor Co on Tuesday posted robust first-quarter revenue and profit, thanks to strong demand for trucks and SUVs, but issued a measured full-year outlook tempered by continued losses in its electric-vehicle unit. In a late briefing, Ford Chief Executive Officer Jim Farley said he hopes the company becomes “boringly predictable” at meeting investor expectations. […]