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Denso investing USD290 mn for new plant in China

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 Insights

28-May-19 Japanese automotive supplier Denso plans to invest RMB2 bn (USD290 mn) in a plant in Guangzhou, China. The 100,000 sqm plant will mainly be used for auto parts manufacturing, quality monitoring, and a warehousing and distribution center. [image: Asia Times]

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Vietnam to get 3,000 electric buses next year

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03-May-19 3,000 electric buses will be introduced in Vietnam in 2020. Local conglomerate Vingroup will introduce VinBus - with the objective of reducing emissions and noise - in Hanoi, Ho Chi Minh City, Da Nang, Hai Phong and Can Tho. [image: Asia Times / iStock]

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Kargo launches to tackle logistics in Indonesia

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 Insights

20-Mar-19 Indonesia-based logistic startup, Kargo Technologies, debuts in Southeast Asia after raising seed funding of USD7.6 mn. Kargo is also backed by Uber founder Travis Kalanick’s 10100 Fund, and co-founder of Northstar Group, Patrick Walujo, an early investor in Go-Jek. [image: KrAsia]

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