AsiaBusinessOutlook >> Foxconn Hires Jun Seki as Chief Strategy Officer For its EV Division

Foxconn announced the appointment of Jun Seki, a former Nissan Motor Co and Nidec Corp executive, as its chief strategy officer for electric vehicles, adding a high-profile auto executive to bolster its industry ambitions. Seki, who was once consi..., Foxconn Hires Jun Seki as Chief Strategy Officer For its EV Division

AsiaBusinessOutlook >> Japan's Sumitomo Metal Mining Showcases High Annual Profit, Declares Dividends

Sumitomo Metal Mining of Japan raised its full-year net profit and dividend forecasts on Wednesday, citing higher-than-expected nickel, copper, and gold prices. Net profit is now expected to be 158 billion yen ($1.2 billion) for the fiscal year en..., Japan's Sumitomo Metal Mining Showcases High Annual Profit, Declares Dividends

AsiaBusinessOutlook >> China Germany's Largest Trade Partner, Trade Deficit Worth USD 320B

Trade between Germany and China rose to a record level last year, making the Asian country Germany's most important trading partner for the seventh year in a row despite political warnings in Berlin about excessive dependence. Goods worth around 2..., China Germany's Largest Trade Partner, Trade Deficit Worth USD 320B

AsiaBusinessOutlook >> India A Major Receiver of Asia's Private Equity Investments

Based on a research released on Wednesday, India received 20% of total private equity and venture capital (PE-VC) investments in Asia Pacific last year, making the country a "bright spot" amid the region's slowing capital flow. According to a rese..., India A Major Receiver of Asia's Private Equity Investments

AsiaBusinessOutlook >> A Recap on What Happened This Week: Asian Startup News Overview (April 16th - April 21st)

Today, Asia has some of the fastest-growing economies in the world, and the startup ecosystem is no exception. In recent years, Asia has seen a significant increase in the number of startups, particularly in China, India, Singapore, Indonesia..., A Recap on What Happened This Week: Asian Startup News Overview (April 16th - April 21st)

AsiaBusinessOutlook >> Japanese Government To Subsidize Battery Storage And Semiconductor Related Projects

Industry Minister Yasutoshi Nishimura announced on Friday that Japan will provide up to $1.8 billion in subsidies for a number of storage battery and chip-related projects, marking Tokyo's latest push towards greater supply chain security. Accordi..., Japanese Government To Subsidize Battery Storage And Semiconductor Related Projects

AsiaBusinessOutlook >> Vietnam's Industrial Mineral Mining Output Increased With Demand From EV Sector

Vietnam's mined output of rare earths soared tenfold last year, U.S. data showed, as global firms have flocked to the Southeast Asian country with the world's second largest estimated deposits to reduce reliance on China for the key industrial met..., Vietnam's Industrial Mineral Mining Output Increased With Demand From EV Sector

AsiaBusinessOutlook >> Vietnam's Vinfast To List In US Exchanges Via SPAC

VinFast, a Vietnamese manufacturer of electric vehicles, announced on Friday that it will list in the United States through a merger with Black Spade Acquisition Co., a special purpose acquisition company (SPAC). The action follows the startup's ..., Vietnam's Vinfast To List In US Exchanges Via SPAC

AsiaBusinessOutlook >> Energy Storage: The Key To Delivering Energy Access In Emerging Markets

Energy storage is now recognised asa critical component fordelivering the global energy transition. Storage solutions like pump-storage hydro, batteries and other emerging technologies are key enablersfor renewable energy deployment, Energy Storage: The Key To Delivering Energy Access In Emerging Markets

AsiaBusinessOutlook >> Japanese Energy Firms Collaborate To Meet Rising Clean Energy Demands

Itochu Corp of Japan announced on Wednesday the establishment of a power storage firm alongside Osaka Gas Co and Tokyo Century Corp, as the country's rise of renewable energy increases demand for storage capacity. Itochu said in a statement that t..., Japanese Energy Firms Collaborate To Meet Rising Clean Energy Demands