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Borgward expanding to the Middle East; westwards from China

Green Car Congress

Borgward will systematically continue to globalize its activities by entering the markets of Middle Eastern countries such as Bahrain, Kuwait, Qatar, the United Arab Emirates (UAE), and Iran. —Tom Anliker, Vice President Marketing & Sales at Borgward Group AG. As announced, we will boost growth further and open up new markets.

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Bounce Infinity Raises $20M in Funding from Existing Investors

Electric Vehicles India

They said the deal would provide the startup with a significant cash runway while discussing an external round or strategic sale. However, it denied consideration of direct sales. The company ships to South Africa, Nepal, Kuwait, South America, and Sri Lanka. According to sources, three new models will be launched this year.

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Also, the EU Commission in April charged Gazprom with violating the EU’s anti-trust laws for anti-competitive practices and unfair pricing in Central and Eastern Europe. If found guilty, Gazprom could face substantial fines of around $1 billion.

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