Thu. Jan 20th, 2022


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Hello everyone – James here. The humble motorcycle is undergoing an electric revolution in India (The Big Story), in one of the biggest prospective victories for battery technology anywhere. Elsewhere, do not miss the head of the British espionage agency who is concerned about China and the resumption of Sony vs Samsung competition in the metaverse (Mercedes’ top 10). Watch out for next week.

The Big Story

The age of the electric motorcycle in India is upon us. Sky-high fuel prices and concerns about air pollution are driving a transition away from motorcycles carrying petrol to their battery-powered cousins, according to This article in Nikkei Asia.

Key implications: India is the world’s largest market for two-wheeled vehicles. Domestic sales in fiscal 2020 exceeded 15 million units, lower than the previous year due to the coronavirus pandemic. Electricity is responsible for less than 1 percent of this, but according to Indian financial information company ICRA, their share is expected to increase to 8-10 percent by 2025.

The transition seems to be well underway. TVS Motor, a major local player, is expected to invest Rs10 billion ($ 133 million) to expand its range of vehicles. Honda announced in October that it would start a battery-sharing business for electric tricycles in 2022.

Under new ventures, Ola Electric Mobility, a company in the Ola group that offers transportation services, is investing Rs24 billion to mass-produce electric scooters in the southern state of Tamil Nadu. “There is a huge demand,” says Varun Dubey, the company’s head of marketing.

End: The signs indicate that the uptake of electric motorcycles is going to flourish in India. The shift will consequently turn out to be for several Indian manufacturers of motorcycles and batteries, as well as for the noise on Indian streets and eventually for the planet.

Mercedes’s top 10

  1. New characters it appears that the shortage of car chip supplies is diminishing. (Nikkei Asia)

  2. The good news? Bicycles are becoming popular in Japan, which is known for crowded public transport. The bad news is battery theft of electric bikes shot up. (Nikkei Asia)

  3. Disney’s new streaming service has omitted A Tiananmen visited by ‘The Simpsons’ of his Hong Kong platform. (FT)

  4. Ride-sized company Didi’s misery in China go from bad to worse. Beijing is not done hitting its tech giants. (FT)

  5. USA efforts to ensure access to essential technologies, while transferring them to China is anxiety stimulator in South Korea. (FT)

  6. Japan’s Nissan wants to make half of its global electric and hybrid car sales by 2030. (Nikkei Asia)

  7. The head of VK s’n MI6 knock out by China for exporting technology that enables a “web of authoritarian control” around the world in a striking speech. (FT)

  8. US Listed Chinese electric car maker Nio started flirting with crash two years ago to expand in five European markets. (Nikkei Asia)

  9. A new report predicts at least 20 more billion-dollar technology companies will be created in Southeast Asia by 2029. (DealStreetAsia)

  10. The great rivalry between South Korea’s Samsung en Japan’s Sony seems destined to revive – in the metavers. (FT)

A cellphone showing episodes of 'The Simpsons' at the Disney Plus streaming service in Hong Kong

Disney’s streaming service in Hong Kong excludes an episode of The Simpsons depicting Tiananmen Square with a sign saying, ‘Nothing happened on this site, in 1989’ © Peter Parks / AFP / Getty

Our assumption

Nicolas Chaillan, the former first software chief at the U.S. Air Force and Space Force, warned in the Financial Times this month that the US would lose the artificial intelligence war against China within a year without urgent action.

Since writing this, more evidence of China’s progress has emerged. A new report released by Japan’s National Institute for Defense Studies highlighted the “intelligence” of China’s People’s Liberation Army.

Part of the new system could include joint decision-making by humans and machines by AI. Ideas on the table include the development of new forces specializing in space, networking and electronic warfare.

The civic underpinnings of such efforts are also clear. In a five-year plan announced Beijing announced this week that it plans to triple the size of its big data industry to Rmb3tn ($ 470 billion) in the years to 2025.

Beijing should also establish a nationwide data security monitoring platform and improve information classification and management systems, the plan added. It seems that Chaillan’s concerns about China’s rise to AI and big data dominance are justified.

– James

Slim data

Bar graph of performance from offer price (%) showing Spotlight on India's new technology quotes

The graph shows how weak the big IPO of India Paytm performs relative to other recent issues. Shares in the group, which raised $ 2.5 billion and were valued at $ 20 billion, fell by more than a third in its first two days as a public company – making it one of the worst debuts in the history of the Indian stock market making.

It has recovered somewhat since then, but the performance has raised concerns among investors and entrepreneurs fearing it could derail a series of anticipated Indian flotillas that were supposed to boost the country’s status as a leading technology startup after the US and To confirm China. .

“The concern for all of us is whether it affects the broader Indian technological sentiment? One bad deal and one case of bad judgment could upset the apple cart,” the head of stock capital markets for India at one western bank said. “Valuation is going to be very difficult . ”

Spotlight

Ruben Lai, who heads the financial unit of Grab, Singapore’s biggest technological unicorn is by no means illusions this interview in Nikkei Asia.

He sees a “once in a lifetime opportunity” to drive financial inclusion in Southeast Asia. But he does not see the region’s traditional banks, like Singapore’s DBS, as competition “at all”.

This is because Lai does not aim at the typical customer base of such banks, but further at the hundreds of millions of Southeast Asians who are either underserved by banks or completely without banks.

“We see big investments [by traditional banks] in consumer experiences across the region. It’s great for the consumers, but our focus is really on the underserved, ”Lai said.

“For us, it is the six out of 10 that are underserved by banks, the nine out of 10 that do not have access to credit cards – all over Southeast Asia. This is our target segment, ”added Lai, whose formal title is senior managing director of Grab Financial Group.

Grab will debut on the Nasdaq later this week via a record blank check transaction. Read more here.

Art of the agreement

Oil and gas giant BP has announced a plan for Indonesia’s first carbon capture, Utilization and Storage (CCUS) project. The project is estimated to cost between $ 2 billion and $ 3 billion.

BP Indonesia President Nader Zaki said completion is scheduled for 2026 or 2027, by which time 4 million metric tons of carbon dioxide will be injected back into the reservoir annually, with the amount reaching a total of up to 25 million tons of carbon dioxide by 2035 and 33 million ton. by 2045.

It is part of larger development plans for the Tangguh gas bloc in eastern Indonesia by BP and partners, including Japan’s Mitsubishi and Inpex, as well as China’s Cnooc.

By improving gas recovery and sequestering the carbon dioxide, Tangguh operators will likely get up to 300 billion cubic feet of incremental gas in 2035 and as much as 520 billion cubic feet in 2045.

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