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Hyundai Motor targeting 7% of global EV market by 2030; 1.87M BEVs

Green Car Congress

Under the new plan, the company aims to boost annual global BEV sales to 1.87 million units and secure 7% of global market share by 2030 by strengthening its line-up with 17 new BEV models by 2030; 11 for Hyundai models and 6 for Genesis luxury brand. The innovation will be expanded to global plants in the future.

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Singapore invests $63M in fuel cell company Intelligent Energy

Green Car Congress

GIC manages Singapore’s foreign reserves. It aims to achieve good long-term returns above global inflation over a 20-year investment horizon. per Ordinary Share. —Jason Triplitt, Head, European Equities, GIC Asset Management Pte Ltd.

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MISC, Samsung Heavy, Lloyd’s Register and MAN partner to develop ammonia-fueled tanker

Green Car Congress

The partners recognize that the shipping industry will need to explore multiple decarbonization pathways and hope their collaboration will spur others in the maritime industry to join forces on addressing this global challenge.

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Digital Currency and Trade Systems Are Tearing up the Rules

Cars That Think

The next big thing in global commerce is "trust chain" digital platforms. A well-documented example is Singapore's Project Ubin , sponsored by the country's monetary authority and its Temasek sovereign wealth fund, which is now being deployed after five years of testing and development.

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Hyundai, Kia invest additional US$250M in Grab; pilot EV projects

Green Car Congress

To start, Grab, Hyundai and Kia will launch a series of EV pilot projects in Southeast Asia starting with Singapore in 2019. Investors in Grab’s current financing round include Booking Holdings, Microsoft, Toyota, and global financial institutions such as OppenheimerFunds, Goldman Sachs Investment Partners, and Citi Ventures.

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Ride-sharer Grab to invest $700M in “Grab 4 Indonesia” 2020 master plan

Green Car Congress

To equip Indonesian engineers with globally competitive skills, Grab will provide training opportunities at its R&D centers in Singapore, Beijing and Seattle. Expand access to mobile payments and financing opportunities. million commuters in greater Jakarta. Invest in technopreneurship for social good.

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Contour Energy Systems secures Series C funding

Green Car Congress

Contour Energy Systems has raised a Series C round of financing from Singapore’s leading global fund, EDBI (EDB Investments Pte Ltd.) Contour will be well placed to tap on EDBI’s extensive networks and connections to expand its global footprint through new business opportunities in Asia and the world.

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