FINWIRES · TerminalLIVE
FINWIRES

Panasonic Launches New Battery R&D Hub in Osaka

By

Panasonic's (TYO:6752) unit Panasonic Energy launched Energy Innovation Square, a new lithium-ion battery research and development facility in Kadoma, Osaka.

The facility will serve as a global hub for battery development and production, covering material development, cell design, and prototyping, according to a statement on Wednesday.

Working with the Suminoe Production Development Facility in Osaka City, it will speed development and mass production of next-generation batteries for automotive and data center use.

Energy Innovation Square, combined with Suminoe's manufacturing technology focus, will form one of Japan's largest dedicated battery development operations, with roughly 800 workers in total.

Through close collaboration, Panasonic Energy aims to double development efficiency by fiscal 2031 versus fiscal 2024, speeding product development and sharpening its response to growing demand and increasingly diverse customer needs.

What else is happening in Asia?

Asia

Guangdong Skychem Technology Proposes Hong Kong Listing; Shares Up 4%

Guangdong Skychem Technology (SHA:688603) plans to list its H shares on the Hong Kong bourse to advance its globalization strategy and build an international capital operation platform.The proposal requires approvals from the board and shareholders as well as Chinese and Hong Kong regulators, according to a Wednesday filing with the Shanghai bourse.Shares of the electronic chemical manufacturer climbed 4% in recent trade.

Hang SengSHA:688603
Asia

Market Chatter: Anthropic to Open Office in Singapore in October

Artificial intelligence company Anthropic is set to open its office in Singapore in October, local media reports said on Wednesday, citing a company statement.This will be the company's fifth office in the Asia-Pacific region, with existing offices in Tokyo, Bengaluru, Seoul, and Sydney, the reports said.Anthropic has appointed Dale Finlay as general manager of ASEAN to lead regional commercial operations based out of Singapore.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^STI
Asia

Range Intelligent Computing Technology to Commit 1 Billion Yuan to AI Fund

Range Intelligent Computing Technology (SHE:300442) will commit 1 billion yuan to an artificial intelligence fund, according to a Tuesday after-hours filing with the Shenzhen bourse.The amount is equivalent to 20.4081% of the 4.90-billion-yuan Xiamen Times Deep Venture Capital Fund Partnership, the filing said.The fund, which has a term of seven years, will invest in artificial intelligence, embodied AI, technology applications, and frontier technologies, the filing said.Shares in the digital infrastructure and data center operator rose 2% during the midday break on Wednesday.

SHE:300442