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Hyundai, once the leader in Indonesia's electric vehicle (EV) market, has been overtaken by BYD, which capitalized on government incentives to boost EV adoption. While hybrids still outsell EVs, Hyundai is focusing on exports amid market volatility, aiming to leverage its recent hybrid offerings for a competitive edge.
Indonesian fisheries startup Aruna has laid off approximately 40% of its workforce as part of a strategic restructuring aimed at ensuring long-term sustainability amid challenges in the fisheries and agribusiness sectors. Co-founder and CEO Farid Naufal Aslam acknowledged that these difficulties have impacted investor sentiment and funding access.
Indonesia is set to launch $40 billion in energy projects by 2025, as announced by a government minister. This ambitious plan aims to enhance the country's energy infrastructure and support its growing economy.
Tencent Cloud launched its Super App-as-a-Service (TCSAS) at MWC Barcelona on March 4, enabling businesses to create super apps by integrating mini apps with features like instant messaging, live streaming, and ecommerce. Orange Middle East & Africa is among the first to adopt TCSAS for its "Max It" super app, which aims to reach 45 million users this year. Other companies, including Telkomsel and Bank Rakyat Indonesia, are also utilizing the platform for digital transformation, with plans for expansion across various sectors such as telecommunications, banking, gaming, and government.
The U.S. risks sneaker shortages if tariffs are extended to Vietnam, where a significant portion of athletic footwear is produced. With over half of U.S. sneaker imports coming from China and Vietnam, rising costs could lead to higher prices for consumers, as companies may face a 1% margin loss. The situation is compounded by limited domestic production and low stock levels from major brands.
Honor plans to invest $10 billion over five years in AI-powered smartphones and tablets, aiming to evolve into an AI device ecosystem. The initiative will kick off with a new AI phone and expand to include various devices, supported by partnerships with Alibaba, Tencent, ByteDance, and Google. Additionally, Honor is set to launch around 30 products in Indonesia this year as part of its global expansion strategy.
Elon Musk and several Republican lawmakers have expressed support for the U.S. withdrawal from NATO and the United Nations, citing concerns over America's contributions versus benefits. However, legal hurdles exist, as a 2023 law requires Senate approval for such a move. The repercussions of withdrawal could destabilize Europe, diminish U.S. global influence, and empower adversaries like China.
Garuda is poised to replace the head of its low-cost unit as part of a strategic initiative aimed at recovery. This move reflects the airline's commitment to revitalizing its operations and enhancing its market position.
Angkas, a motorcycle taxi app in the Philippines, faces stiff competition from Move It and JoyRide, especially after Grab's acquisition of Move It, impacting its market share and driver earnings. The industry grapples with regulatory uncertainty, prompting Angkas to explore geographical expansion for growth. Meanwhile, the Indonesian government plans to allocate $20 billion annually to its new sovereign wealth fund, Danantara, aiming for significant investment partnerships.
Huawei has unveiled advanced 5G private network solutions ahead of MWC 2025, focusing on latency reduction, enhanced security, and improved connectivity for industries like smart manufacturing and energy. The integration of 5G-A and AI is set to drive digital transformation, with a projected CAGR of 44.7% for 5G private networks from 2024 to 2030.Additionally, Huawei is pioneering AI integration in telco clouds, achieving significant milestones such as the first commercial dual-engine architecture. Innovations like New Calling and intelligent O&M are transforming telecom operations, enhancing user experiences, and optimizing resource allocation.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
BYD surpasses Hyundai in Indonesia's electric vehicle market race
10:30 04.03.2025
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