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Share to Twitter Share to Linkedin Citroen has always been a maverick car brand. From the legendary 2CV to the innovative DS, the French auto company has frequently diverged from the norm, resulting in some classic designs along the way. The Oli, launched yesterday , could be the next classic Citroen to break the mold. Or it could just be weird. It’s certainly a radical take on electric transportation. The 2CV is probably the best Citroen predecessor to understand the Oli, alongside the Ami . The latter is a radical two-seater “quadricycle” launched at the end of 2020, which makes no pretense of being a car as we normally know it. Instead, it’s aimed squarely at urban mobility and can even be driven without a full license in some countries. The Ami is also exceptionally cheap by EV standards (€6,000 / $7,300). The 2CV was similarly stripped-down and inexpensive vehicle, but immensely practical, which gave it a successful production run of 42 years and a … [Read more...] about Citroen Oli Concept EV Radically Rethinks Family SUVs – With Cardboard

Share to Twitter Share to Linkedin One of the stock arguments you will hear against the wide adoption of electric vehicles is about how the power supply grid is going to cope with all these high-voltage devices drawing current to recharge. A home EV charging station will require somewhere between 2kW and 7kW when it is replenishing a car battery. If all EVs are plugged in at once, surely the grid will collapse and power stations will be overextended? Dogs and cats will live together, and mass hysteria will break out? But not only is this a complete misunderstanding of EV charging habits, it could be getting things completely the wrong way round. Here’s why. First, let’s give the negative argument some thought. There were about 33 million passenger cars in the UK in 2019, according to the UK Department of Transport, and there were nearly 274 million registered cars in the USA in 2018, according to the Federal Highway Administration of the US Department of … [Read more...] about EVs Are Not A Problem For The Electric Grid, They Are The Solution

Ashutosh Sharma, Head of Investment for India, Prosus Ventures Prosus Ventures, an investor in some of India's prominent consumer tech unicorns such as Swiggy, Meesho, PharmEasy and Byju's , is now seeking deals in the business-to-business (B2B) and software as a service (SaaS) space as well, a top executive said, signifying a shift in strategy. B2B and SaaS firms spend lesser money and generate revenues early on, factors that could be playing on Prosus' (previously Naspers) mind as caution kicks in after a year of excess in India's startup ecosystem. The global technology investment firm has also started participating in early-stage funding, although it insists that cheque sizes of $50–60 million and above remain its sweet spot. In an interview with Moneycontrol , Ashutosh Sharma, Prosus Ventures’ Head of Investments for India, talks about corrections in start-up valuations, the business models of its portfolio firms Meesho and PharmEasy and its investment strategy. … [Read more...] about We’re late to the SaaS party, but we’ll continue to make more investments there: Prosus Ventures’ India Head

Share to Twitter Share to Linkedin As the world progresses through this “energy transition,” one stark reality becomes increasingly clear: Mineral resources lie at the base of every source of power in current use by mankind. Oil and natural gas have been at the top of mind in recent months as national governments in Europe engage in a scramble to secure adequate supplies needed to keep their economies running and constituents safely warm and fed across the coming winter. That other energy source critics like to refer to as a “fossil fuel,” coal, has also been the subject of much attention as demand for it and usage of it continues to surge as the global economy recovers from the COVID-19 pandemic and nations like China and India place more focus on economic and energy security than on their carbon emissions. We also spend a lot of time talking about the chosen alternatives to those fossil fuels, but until recently, few have spent much time discussing the … [Read more...] about New Study Finds That The Future Of Copper Is Coming At Us Fast

- A + A (Sept 30): Based on corporate announcements that made news on Friday, stocks in focus on Monday (Oct 3) may include Sarawak Cable Bhd, Cypark Resources Bhd, MISC Bhd, Malaysia Building Society Bhd, Mudajaya Group Bhd, Pestech International Bhd, Encorp Bhd, Ageson Bhd, Barakah Offshore Petroleum Bhd, Lion Industries Corp Bhd and Destini Bhd. Sarawak Cable Bhd has triggered Practice Noted 17 status after its external auditor Ernst and Young PLT expressed a disclaimer of opinion on its audited financial statements for the 17-month period ended May 31, 2022 (FY22). This occurred as it was not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on the financial statements. EY was awaiting the group's directors to finalise a proposed regulation plan after financial institutions suspended the cable and wire producer’s credit facilities, following a restraining order blocking any winding-up petitions, legal suits or … [Read more...] about Sarawak Cable, Cypark, MISC, MBSB, Mudajaya, Pestech, Encorp, Ageson, Barakah, Lion Industries and Destini

- A + A KUALA LUMPUR (Sept 30): Destini Bhd has been appointed as the exclusive distributor in Malaysia for a global group’s energy storage systems for residential and commercial usage, and electric vehicle (EV) chargers. The engineering solutions provider said its 70%-owned subsidiary, Destini ESS Sdn Bhd (DESS), was awarded the deal by Singapore-based Alpha ESS International Pte Ltd, a wholly-owned subsidiary of global energy storage solution service provider Alpha ESS Co Ltd. The China-based group specialises in the manufacturing of battery storage products and intelligent energy management systems for residential and commercial energy storage applications. “Under the terms of the agreement, DESS gains exclusive rights to locally distribute energy storage systems for residential and commercial application, electric vehicle charger, plus storage solutions and any other new products developed and manufactured by Alpha ESS group,” Destini said in a statement. … [Read more...] about Destini appointed as local distributor for global energy storage solution group