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Stellantis to invest $6 billion in Brazil by 2030
Reuters
·
1y ago
Medial
Carmaker Stellantis has announced plans to invest $6.07 billion in Brazil between 2025 and 2030. The investment will be used to introduce new products and hybrid-flex vehicles in the country. Stellantis aims to add electrification technology to its flex-fuel models and launch a hybrid vehicle in the second half of the year. The announcement comes as the Brazilian government seeks to revive the country's industry.
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Stellantis pledges invest $2.1 million in Italian production in 2025 during talks with government
Livemint
·
7m ago
Medial
Stellantis, the world's fourth-largest automaker, plans to invest 2 billion euros in Italian production and another 6 billion euros in the supply chain next year. The announcement comes as the company aims to boost its operations in Italy after the recent merger between Fiat Chrysler and PSA Peugeot. Stellantis will launch more than a dozen new models in its Italian factories by 2032, including a Fiat Pandina city car and hybrid vehicles from Jeep and Alfa Romeo. However, economic development minister Adolfo Urso expressed concerns over new European rules requiring the production of electric vehicles.
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Amazon's AWS to invest $1.8 billion in Brazil through 2034
Economic Times
·
11m ago
Medial
Amazon Web Services (AWS) will invest $1.8 billion in Brazil by 2034 to expand its data center operations in the country. The investment will be used to further develop and maintain AWS data centers in Brazil. This is in addition to the $3.5 billion already invested by AWS in the Latin American nation since 2011. The expansion will help AWS meet the growing demand for cloud computing services in Brazil and support the country's digital transformation efforts.
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Manipal Hospitals backer Novo Holdings to invest $35 bn over next six years
VCCircle
·
1y ago
Medial
Novo Holdings, the controlling shareholder of Novo Nordisk, plans to invest $35 billion by 2030. The company will invest around $5 billion per year in the next five years, with a potential increase to $7 billion per year by 2030. Novo Holdings has a significant stake in Novo Nordisk, which produces obesity drug Wegovy and diabetes treatment Ozempic. The investment arm is also involved in industrial enzymes maker Novonesis and manages a portfolio of 160 companies. Novo Holdings recently invested in Indian private hospital chain Manipal Hospitals and is focusing on Asia for future investments.
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EV startup Rivian's production chief joins Stellantis
Economic Times
·
11m ago
Medial
Rivian's head of manufacturing, Tim Fallon, is leaving the company to join Stellantis as its head of manufacturing in North America. This comes at a crucial time for Rivian as it is expanding its facility in Illinois to produce a smaller and more affordable SUV. Fallon, a former Nissan executive, oversaw a manufacturing plant overhaul at Rivian earlier this year. Rivian has appointed its head of logistics, Carlo Materazzo, to oversee production in the interim. Stellantis aims to launch 25 EV models in the U.S. by 2030 and plans to introduce a Jeep EV model costing less than $25,000.
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Stellantis pivots to Google's Android as in-car partnership with Amazon ends | TechCrunch
TechCrunch
·
2m ago
Medial
Stellantis is shifting from a partnership with Amazon for in-car software to an Android-based system, ending the initial plan due to project changes and staffing reassignment. Amazon remains a strategic partner, continuing with AWS as Stellantis' cloud provider, and Alexa features in vehicles. Initially aiming for $22.5 billion from software via connected car offerings and partnerships with BMW, Waymo, and Amazon, Stellantis now integrates Google's Android for future developments.
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CoreWeave commits $6 billion to AI data center in Pennsylvania - The Economic Times
Economic Times
·
24d ago
Medial
CoreWeave announced plans to invest $6 billion in constructing a new AI data center in Lancaster, Pennsylvania. This significant investment by the cloud computing firm aims to enhance its artificial intelligence capabilities.
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Humain planning $10B VC fund to invest in US, European and Asian startups | TechCrunch
TechCrunch
·
2m ago
Medial
Humain, a Saudi Arabian state-owned AI company, plans to launch a $10 billion venture fund to invest in startups across the U.S., Europe, and Asia. The company is in discussions with U.S. firms and exploring selling an equity stake in its data center business. Humain aims to process 7% of global AI training by 2030, partnering with companies like Nvidia, AMD, and Amazon, with plans to expand its data center capacity significantly by 2030.
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Amazon to invest over $5 billion in Mexico data centre
Economic Times
·
6m ago
Medial
Amazon plans to invest over $5 billion in a new data center in central Mexico, highlighting its commitment to the region. Announced alongside Mexican President Claudia Sheinbaum, AWS's director for Latin America, Paula Bellizia, emphasized this investment amidst growing demands for data storage driven by generative AI. AWS, the leading cloud computing provider, already operates a data center in Brazil and plans additional centers in Santiago, Chile.
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India Should Target $500 Bn In Electronics Manufacturing By FY30
Inc42
·
1y ago
Medial
The government think tank, NITI Aayog, has set a target of $500 billion for electronics production in India by 2030. This target aims to generate 5.5 to 6 million direct jobs in the country. To achieve this, the think tank suggests implementing fiscal, financial, regulatory, and infrastructure interventions to boost electronics manufacturing. The report also highlights that electronics production in India has already doubled from $48 billion in FY17 to $101 billion in FY23.
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Mahindra Group Seeking Global Partnerships To Locally Make EV Batteries In India: Report
Inc42
·
1y ago
Medial
Mahindra & Mahindra (M&M) plans to list its electric vehicle subsidiary, Mahindra Electric Automobile Ltd (MEAL), by 2030. The company does not intend to manufacture EV batteries but plans to invest in a battery cell manufacturing company. The Indian EV market, with several startups, is projected to reach $110.74 billion by 2029.
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