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Nio’s lidar supplier Seyond Holdings debuted on the Hong Kong stock exchange on Wednesday, through a de-SPAC transaction, merging with special purpose acquisition company TechStar Acquisition and raising a total of HK$1.03 billion (US$132.4 million).The Silicon Valley-based company, which designs, develops and produces light detecting and ranging sensors for advanced driver assistance systems (ADAS), saw its shares – issued at HK$10 each – jump as high as HK$17.30 in morning trading before closing at HK$13.30.The company was founded in 2016 by former Baidu engineer Bao Junwei, who received his bachelor’s degree from Peking University and PhD from the University of…

In a sign that tensions between Thailand and Cambodia have spilled over to other countries, Thais in South Korea have been warned to avoid areas with large Cambodian communities after a bar brawl that left two men injured.Four Thai men were attacked at a karaoke bar in the Mokpo Daebul district in South Jeolla province when they revealed their nationality to a group of around 15 to 20 Cambodian men, The Nation reported. It is not known when the incident happened.The Cambodians reportedly entered a room where the Thais were in and asked them: “Which country are you from?” When…

In a significant economic development, the US Export-Import Bank has approved financing of $1.25 billion to support the mining of critical minerals at Reko Diq in Pakistan. “With a new commitment of $1.25 billion in EXIM Bank financing, the US-Pakistan partnership will drive economic growth in Balochistan,” the US Embassy said in a post on social media platform X on Wednesday. Reko Diq is a massive, undeveloped copper and gold deposit located in Balochistan, Pakistan, which is believed to be one of the world’s largest. The project is a joint venture between Canada’s Barrick Gold (50%) and Pakistani stakeholders (50%)…

Founder, chairman and CEO Zhang Jianzhong will unveil the Beijing-based firm’s fifth-generation GPU architecture during its inaugural MUSA Developer Conference on December 19 and 20 in the nation’s capital, according to the company’s latest post on WeChat.MUSA refers to the firm’s proprietary platform, Meta-computing Unified System Architecture – a Chinese-developed alternative to Nvidia’s widely used CUDA platform, for Compute Unified Device Architecture, released in 2007. These platforms provide the software layer that lets developers harness the power of GPUs for applications.In his conference keynote, Zhang will also present Moore Threads’ MUSA road map, with a focus on full-stack development capabilities…

After more than a decade of false starts, India and the European Union appear closer than ever to clinching a free-trade agreement, buoyed by renewed political will and converging economic interests despite lingering tensions over carbon taxes and Russia.Analysts say the breakthrough may be near following a fresh round of high-level talks in New Delhi that injected new urgency into negotiations that have been stuck in procedural drift for years. Both sides are seeking to secure supply chains and reduce volatility at a time of rising US protectionism and shifting global trade alignments.Indian Commerce Minister Piyush Goyal met European Trade…

Hong Kong’s initial public offering (IPO) market is expected to raise up to HK$350 billion (US$45 billion) next year, extending the momentum built this year on the back of mainland Chinese public firms and the technology sector.KPMG forecast on Wednesday that between 180 and 200 applications would drive the fundraising, representing a 28.7 per cent jump in total value and as much as a 100 per cent leap in deal numbers compared with this year.“We also expect 2026 to be a pivotal year for hi-tech listings, further solidifying Hong Kong’s position as a global capital markets leader,” said Louis Lau…

Hong Kong’s initial public offering (IPO) market is expected to raise up to HK$350 billion (US$45 billion) next year, extending the momentum built this year on the back of mainland Chinese public firms and the technology sector.KPMG forecast on Wednesday that between 180 and 200 applications would drive the fundraising, representing a 28.7 per cent jump in total value and as much as a 100 per cent leap in deal numbers compared with this year.“We also expect 2026 to be a pivotal year for hi-tech listings, further solidifying Hong Kong’s position as a global capital markets leader,” said Louis Lau…

Kohinoor Textile Mills Limited (KML) has completed the commissioning of an additional 2.7 megawatts (MW) of renewable energy capacity at its manufacturing facility, taking its total solar generation to 7.2MW. The company also announced plans to add another 3MW system by the end of the current financial year, it shared in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. “We would like to convey that the company has completed commissioning of the remaining 2.7MW renewable energy system. With this addition, the company’s total solar energy generation capacity at its manufacturing facility has reached 7.2MW, and more than 20%…

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing.1. Tesla affirms confidence in Chinese partners, repudiates supplier banTesla does not exclude suppliers based on their country of origin as the US electric-vehicle (EV) maker applies unified and rigorous standards in selecting vendors from around the globe, according to a senior official.2. Germany’s China playbook: if you can’t beat them, partner upRobot arms are seen at work on a car production line at…

At least 12 people have died in a fire at a residential building in southern China, the first major incident of its kind in the mainland since last month’s Hong Kong blaze.The fire broke out at around 9.20pm on Tuesday in Shantou in Guangdong province and was put out about 40 minutes later, according to state news agency Xinhua.The building was a four-storey reinforced concrete structure and about 150 square metres (1,600 square ft) were affected by the fire, local authorities said. An investigation into the cause of the fire is now under way.The ground floor of the building has…