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Jul 8
Grab's Uber-affiliated director steps down from board with foodpanda Taiwan acquisition in process
Grab Holdings Limited (NASDAQ: GRAB) announced that Uber Technologies CEO Dara Khosrowshahi has resigned from its board of directors, effective July 6, 2026, as the Singapore-based ride-hailing and delivery company works to close its proposed US$600 million acquisition of foodpanda's Taiwan business from Delivery Hero.
Taiwan's largest waste battery processor, Power-Win Technology, reported stronger first-half momentum as rising waste battery volumes, higher recycled-material prices, and more electric-vehicle (EV) recycling projects lifted demand. The trend underscores a broader opportunity for investors and industries tied to the global shift toward electrification and energy storage.
Ruihe Carbon is expanding its rooftop solar holdings and moving into low-carbon hydrogen as it looks to reshape backup power for Taiwan's technology sector.
Driven by the global energy transition and the rapid development of emerging applications such as artificial intelligence (AI) and low Earth orbit (LEO) satellites, demand for renewable energy continues to rise.

China's sodium-ion battery sector is drawing intense attention as surging lithium carbonate prices lift lithium battery production costs. But Chinese media say the market is already showing a split between "big-company heat and small-company chill," and that large-scale production could expose new material shortages.

South Korea's hydrogen rail commercialization is entering the final stretch, with Hyundai Rotem, a unit of Hyundai Motor Group, building hydrogen trains equipped with Hyundai Motor's in-house fuel cell system. The first commercial service is expected as early as 2029, but a 2024 shutdown of hydrogen trains in Foshan, China has raised questions about economic viability.

LG Energy Solution (LGES) reported stronger second-quarter sales and a swing back to operating profit, a result that could matter for global investors tracking how policy incentives are shaping vehicle manufacturing profits. The company said US production credits boosted its results, while underlying operating performance would have been weaker without those subsidies.
Battery backup (BBU) module demand from AI servers continued to rise in June, supporting revenue growth at Taiwanese suppliers AES-KY, Simplo Technology and STL. These companies have also been expanding capacity to meet customer orders, with additional output expected to support further business growth.
JLC reported a sharp rise in June revenue after Taiwan's Resource Circularity Promotion Act took effect, while the lead-acid battery recycler also benefited from early investment in process technology, tax incentives and ESG-linked positioning. The company said stronger downstream demand helped lift revenue more than 40% from May.

Test interface supplier Chunghwa Precision Test Tech. Co., Ltd. (CHPT) reported its June 2026 revenue, marking its sixth consecutive monthly revenue record as demand from the market remained strong. The company also posted record quarterly revenue in both the first and second quarters of 2026, underscoring its sustained growth momentum.

Nuclear energy startup Valar Atomics said on July 1 it is partnering with Nvidia to develop a small data center in Utah, an effort the companies say will demonstrate how computing facilities needed for artificial intelligence can conserve water.
MiTAC Holdings' subsidiary, MiTAC Computing Technology, has won strong demand from US cloud customers, driving a sharp rise in orders and a global expansion plan from Asia to North America starting in 2025. With new capacity set to come online in 2026 and additional North American output in the second half of the year, the company expects a clear uplift in operations.