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Delivery Hero expects profit from its Asia unit

  Bloomberg Delivery Hero SE sought to reassure investors with an accelerated plan to reach profitability by next year driven by its Asia business despite a broader slowdown in the food delivery industry. While growth has eased following a pandemic surge, the Berlin-based company said it will generate positive adjusted earnings in fiscal year 2023. It also forecast the value ...

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Hanwha mulls expansion in US with its new facility

  Bloomberg Hanwha Q Cells — one of the few solar-panel makers with US production — is considering sites for a massive new facility as the country prepares to incentivise cleantech manufacturing. The company is evaluating sites in Georgia, South Carolina and Texas, according to documents filed in Texas. The potential project in Dallas County, Texas, would feature a suite ...

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Mahindra unveils five electric SUVs to fast track its EV shift

  Bloomberg Mahindra & Mahindra Ltd launched five electric sports utility vehicles designed in the UK as the automaker seeks to expedite its lagging switch to battery-powered cars in India. The SUVs will be sold under two brands — XUV and BE — the automaker said in a video presentation. The electric vehicles were conceptualised at the Mahindra Advanced Design ...

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