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Author: Mei Ling Tan

  • Upset Tim Cook sends email to Apple employees about product leaks.

    Upset Tim Cook sends email to Apple employees about product leaks.

    Apple CEO Tim Cook once again made it clear that he is not happy with those who work at Apple and have a side hustle selling leaked information to those who pass these secrets on to Twitter tipsters and others. Cook wrote an email to employees last week and naturally, that missive leaked. Cook said in the email that Apple is doing “everything in our power to identify those who leaked” and he also stated that “people who leak confidential information do not belong” at Apple.

    Cook was upset to see details of a global employee meeting, held last Friday, September 17th, leak. During the internal meeting, the executive announced that Apple would demand frequent COVID testing for Apple employees who have yet to receive a vaccination, but that the company would not force workers to get the jab. He also was not happy that details of his response to the judge’s ruling in the Epic v. Apple bench trial were leaked.

    Cook wrote in his letter, “I want you to know that I share your frustration. These opportunities to connect as a team are really important. But they only work if we can trust that the content will stay within Apple. I want to reassure you that we are doing everything in our power to identify those who leaked. As you know, we do not tolerate disclosures of confidential information, whether it’s product IP or the details of a confidential meeting. We know that the leakers constitute a small number of people. We also know that people who leak confidential information do not belong here.”

    The executive added, “As we look forward, I want to thank you for all you’ve done to make our products a reality and all you will do to get them into customers’ hands. Yesterday we released iOS 15, iPadOS 15, and watchOS 8, and Friday marks the moment when we share some of our incredible new products with the world. There’s nothing better than that. We’ll continue to measure our contributions in the lives we change, the connections we foster, and the work we do to leave the world a better place.”

    Earlier this year, in an effort to stop leaks, Apple instructed its manufacturing partners Foxconn and Wistron, to conduct criminal background tests on all assembly line workers. Those found to have a criminal background would be banned from entering areas where unreleased Apple products are being developed and assembled. Additionally, all visitors to these factories must flash a government-issued ID, and guards must keep tabs on the movement of factory workers with possession of important components and products.

    There is a bit of inconsistency involved here. While Apple is promoting the privacy of its own employees by restricting the biometric information (like fingerprints) that Foxconn and Wistron can collect from Apple employees visiting these facilities, it still wants its manufacturing partners to collect this data from its own employees.

    The report that Apple held an internal meeting about leaks which itself leaked might have led you to experience deja vu. That’s because back in 2017 the company held an internal seminar called “Stopping Leakers – Keeping Confidential at Apple.” It was hosted by employees from Apple’s Global Security division. As you might have guessed, the seminar leaked.

    Arguably, the worse year for Apple iPhone leaks came in 2013 when images of the different colored rear shells for the more affordable iPhone 5c leaked. Many of these iPhone 5c leaks were traced to Australia’s Sonny Dickson, who at the time was a teenager.

    In 2017, Dickson told Reuters that he had 5 to 10 sources inside China who purchased prototype parts from assembly line workers paying $250-$500 a pop. The sources sent him videos of the parts and sometimes they sent him the parts themselves.

  • Ooredoo Group and CK Hutchison poised for US$6 billion telecom merger

    Ooredoo Group and CK Hutchison poised for US$6 billion telecom merger

    Ooredoo and CK Hutchison announced the signing of definitive transaction agreements for the proposed merger of their respective telecommunications businesses in Indonesia, PT Indosat Tbk (Indosat Ooredoo) and PT Hutchison 3 Indonesia (H3I). The merged company will be named PT Indosat Ooredoo Hutchison Tbk (Indosat Ooredoo Hutchison).

    The merger of Indosat Ooredoo and H3I will bring together two highly complementary businesses to create a larger, commercially stronger and more competitive world-class digital telecoms and internet company, well placed to deliver more value for all shareholders, customers and for Indonesia.

    Indosat Ooredoo Hutchison will be well-positioned to accelerate Indonesia’s economic growth and transformation into a digital society. It will be the second-largest mobile telecoms company in the country, with an estimated annual revenue of approximately US$3 billion.

    The combined company will have the scale, financial strength, and expertise to compete more effectively. Combining the highly complementary assets and products of Indosat Ooredoo and H3I will drive innovation and network improvements that will enable the delivery of outstanding digital services, as well as a broader product offering, to customers across Indonesia.

    Indosat Ooredoo and H3I own highly complementary infrastructure and the combination of these assets will also enable the merged company to benefit from cost and CAPEX synergies and provide accretive returns to all stakeholders. Annual run-rate pre-tax synergies of approximately US$300-400mm are expected to be realized over 3-5 years.

    In addition, Indosat Ooredoo Hutchison will be able to leverage the experience and expertise of Ooredoo Group and CK Hutchison in networks, technologies, products and services, and benefit from their multinational operations spanning major markets in Europe, the Middle East, North Africa, and Asia Pacific. The merged company will also benefit from their combined strength and economies of scale in functions such as procurement.

    Following the merger, the Indonesian mobile market is expected to retain a healthy level of competition, attractive to long-term investment across the industry.

    Ooredoo Group currently has a controlling 65.0% shareholding in Indosat Ooredoo through Ooredoo Asia, a wholly-owned holding company. The merger of Indosat and H3I will result in CK Hutchison receiving newly issued shares in Indosat Ooredoo amounting to 21.8% and PT Tiga Telekomunikasi Indonesia amounting to 10.8% of the merged Indosat Ooredoo Hutchison business.

    Concurrent with the merger, CK Hutchison will acquire a 50% shareholding in Ooredoo Asia by exchanging its 21.8% shareholdings in Indosat Ooredoo Hutchison for a 33.3% stake in Ooredoo Asia, and will acquire an additional 16.7% stake from Ooredoo Group for a cash consideration of US$387 million. Following the above transactions, the parties will each own 50.0% of Ooredoo Asia, to be renamed Ooredoo Hutchison Asia, which will retain a controlling 65.6% ownership stake in the merged company.

    Upon closing of the transactions, Indosat Ooredoo Hutchison will be jointly controlled by Ooredoo Group and CK Hutchison. It will remain listed on the Indonesian Stock Exchange, with the Government of Indonesia retaining a 9.6% shareholding, PT Tiga Telekomunikasi Indonesia holding a 10.8% shareholding, and other public shareholders holding approximately 14.0%.

    Subject to necessary Indosat Ooredoo shareholder approvals, the parties have agreed to nominate Vikram Sinha as CEO and Nicky Lee as CFO of Indosat Ooredoo Hutchison. Ahmad Al-Neama will remain President Director and CEO of Indosat Ooredoo and Cliff Woo will remain as CEO of H3I until completion of the merger. Upon completion, Ahmad Al-Neama and Cliff Woo will join the Board of Commissioners of the merged company, subject to the necessary Indosat Ooredoo approvals.

    The parties are committed to prioritizing employee welfare during the integration process in adherence with applicable laws and aligned with future business growth opportunities. The combined company is expected to create exciting growth opportunities for employees, as part of a larger, financially stronger, more competitive and innovative technology company.

    Aziz Aluthman Fakhroo, Managing Director of Ooredoo Group, said: “This agreement is a significant step towards our shared vision of creating outstanding value for our customers and shareholders by bringing together two of Indonesia’s leading telecoms brands to create a stronger number two player in Indonesia, backed by two highly committed partners in Ooredoo Group and CK Hutchison. With this agreement in place, we can now turn our attention to closing the transaction and then working closely with CK Hutchison to leverage the combined expertise of our respective global telecoms groups to build a world-class digital telco for Indonesia.

    This merged company will deliver significant value and benefits for all stakeholders including Indosat Ooredoo and Ooredoo Group shareholders, for customers, employees and Indonesia. Through economies of scale and the realization of synergies between these highly complementary businesses, the merged company will be well placed to deliver a higher return on investment for all shareholders and build on the outstanding growth momentum already achieved by Indosat Ooredoo. Importantly, the merger will create a company with the strength and scale to accelerate Indonesia’s digital transformation and improve network performance and customer experience across the country.

    Canning Fok, Group Co-Managing Director of CK Hutchison Holdings Limited, said: “This is a great opportunity to create a stronger and more innovative telco player in Indonesia and will be an accretive transaction for shareholders and other stakeholders alike. Indosat Ooredoo Hutchison will have a critical mass that will enable it to drive network expansion and improvements that will support the Government’s digital agenda and benefit customers and Indonesia as a whole.”

    “With greater scale, expanded spectrum, and a more efficient cost structure, Indosat Ooredoo Hutchison will also be better positioned to extend the rollout of its network and enhance service quality and speed. CK Hutchison invests in and operates telecom businesses in 12 markets around the world, many of which have successfully rolled out 5G networks, and we look forward to expanding innovative 5G services in Indonesia when the time is right.”

    H.E. Sheikh Faisal Bin Thani Al Thani, Chairman of the Board of Directors at Ooredoo Group, concluded: “This merger is a landmark deal for Asia and for Ooredoo Group. It furthers our strategy to drive more value from our portfolio and accelerate digitalization across our global footprint. I look forward to a long and successful partnership with CK Hutchison and to working together to build Indosat Ooredoo Hutchison into a digital champion for Indonesia.”

    Completion of the transaction will be subject to the approval of Ooredoo Group, CK Hutchison, Indosat Ooredoo shareholders, regulatory approvals and other customary terms and conditions. Assuming all approvals are received, the proposed combination is expected to be completed by the end of 2021.

    JP Morgan is acting as exclusive financial advisor to Ooredoo Group. Goldman Sachs & Co. and HSBC are acting as joint financial advisors to CK Hutchison. Barclays is acting as financial advisor to Indosat Ooredoo.

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  • ExxonMobil Launches Mobil Super TM SUV Pro Synthetic Engine Oil

    ExxonMobil Launches Mobil Super TM SUV Pro Synthetic Engine Oil

    ExxonMobil Lubricant has launched Mobil SuperTM SUV Pro synthetic engine oil for SUVs in India. Basically, the company is trying to tap into the growing demand for SUVs with the branding. The engine oil is based on ASTM D6891 (Seq. IVA) test results versus API SN engine test requirements. The company claims that it offers 79 percent better engine wear protection as well, especially in stop-and-go traffic conditions, and helps to improve fuel-economy.

    Deepankar Banerjee, Chief Executive Officer (CEO), ExxonMobil Lubricants Pvt Ltd. Said, “People are turning to SUVs to more easily maneuver through dense traffic, handle bad weather conditions, and drive over rugged terrain. To meet the needs of SUV owners, we are introducing Mobil Super SUV Pro which is specially formulated with active ingredients for SUV engines. Whether you use your SUV for daily commute or weekend drives, our new Mobil Super SUV Pro is packed with features to deliver All-in-One Protection for every terrain, making it easier for all SUV owners to care for their cars.”

    The engine oil has been developed to provide superior low-speed pre-ignition protection to prevent internal engine damage along with all-weather protection for longer engine life. It also provides heat-activated anti-wear protection. The Mobil Super SUV Pro is suitable for both diesel and petrol engines and meets American Petroleum Institute (API) SN Plus and European Automobile Manufacturers’ Association (ACEA) A3/B4 Standards. Mobil Super SUV Pro is available in 1, 3.5, and 5-litre pack sizes at Mobil Authorized Retail stores, Mobil Car Care stores and Amazon.

  • Singapore-Based Fintech Thunes Makes Strategic Appointments

    Singapore-Based Fintech Thunes Makes Strategic Appointments

    The fintech startup has made a pair of executive hires to support its global growth strategy. Thunes has appointed Irina Chuchkina as chief marketing officer and Babul Balakrishnan as head of customer care, who will both be based in Singapore, the global cross-border payments firm said on Tuesday.

    Fintech marketing leader Chuchkina, who is also an Executive Committee Member in the Singapore Fintech Association, brings over 15 years of experience in the payments and technology space in Europe and Asia, including at Rapyd, Grab and Visa. She will lead Thunes’ global marketing strategy.

    Balakrishnan has over two decades of experience across various industries with a focus on customer service and customer experience. He joins from telco StarHub, where he was AVP of customer experience operations. He will work with the various business units to elevate customer care into customer experience across Thunes’ partner network.

    The appointments follow the announcement of Thunes’ acquisition of Europe payments platform Limonetik, to complement its cross-border payments solutions. The company has also made several other strategic hires the last 12 months to support its expansion plans.

    Launched in 2016, Thunes is headquartered in Singapore and operates regional offices in London, Shanghai, New York, Dubai, and Nairobi. In September 2020, it raised $60 million in a Series B funding round led by Africa-focused Helios Investment Partners.

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  • Edtech startup CoderSchool bags $2.6M pre-seed fund

    Edtech startup CoderSchool bags $2.6M pre-seed fund

    CoderSchool, a Vietnam-based edtech startup offering online coding courses, has raised $2.6 million in a pre-seed funding round led by Monk’s Hill Ventures.

    Startup accelerator Iterative, investment network XA Network, and venture fund iSeed Ventures also took part in the funding round. CoderSchool plans to use the new capital to develop fresh educational content and build its technology infrastructure for technical training programs.

    Founded in 2015, the edtech startup offers courses in the fields of machine learning, data science, and web development to equip students with skills that can help them land jobs. The company automates much of the day-to-day teaching operations such as tracking student progress, grading, attendance, and personalization of courses.

    Simply put, CoderSchool provides programming courses for future engineers.

    “The need for good engineers and programmers in Southeast Asia has soared in a evolving technology and digital landscape,” said Michele Daoud, Monk’s Hill Ventures’ partner.

    According to CoderSchool, the number of students enrolling in the company’s online courses has surged every quarter since the beginning of 2020. CoderSchool has about 2,000 students and more than 80 percent of its full-time users have found jobs at big digital companies like MoMo, Tiki, Shopee, Microsoft, and FPT Software within six months after graduation.

    Alumni earn 30-40 percent higher than the average wage of inexperienced software engineers, according to the startup’s representatives.

    Currently, CoderSchool employs 15 instructional staff and plans to hire 35 employees more by Q4, 2022.

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  • India announces major telecoms reforms to boost industry

    India announces major telecoms reforms to boost industry

    The Union Cabinet approved on Wednesday several structural and process reforms in a relief package targeting the telecom sector to ensure its healthy growth in a digital era.

    In a move lauded by industry players as a positive step towards promoting the industry and addressing long-standing concerns, the reforms are expected to foster healthy competition, protect the interests of consumers, infuse liquidity, encourage foreign investment and reduce regulatory burden on telecom service providers (TSPs).

    These reformatory measures will fuel the proliferation and penetration of broadband and telecom connectivity, which has witnessed heightened demand against a pandemic backdrop, where activities such as work from home and remote learning have driven an unprecedented surge in data consumption.

    The measures comprise nine structural reforms and five procedural reforms plus relief measures for TSPs. Bringing respite to the industry, all TSPs have a four-year moratorium for payment of adjusted gross revenue (AGR) due. According to minister Ashwini Vaishaw, the moratorium will ensure significant cash flow for telecoms without affecting the government’s revenue. This will help India’s telecom giants address prevailing cash flow issues, enabling them to conserve capital to fund capital expenditure and invest in 5G. Vodafone Idea, for instance, will be able to defer payments of about Rs 96,000 crore.

    To encourage foreign investment, another structural reform includes 100% foreign direct investment (FDI) under automatic route permitted in the telecom sector, though neighbouring countries including Pakistan and China will not be allowed to invest under the automatic route. Previously, only 49% was under the automatic route.

    In addition, spectrum sharing will also be made free, with an additional spectrum usage charge (SUC) of 0.5% for spectrum sharing being scrapped. There will also be no SUC for spectrum required in future spectrum auctions.

    The Cabinet also announced that there is no need for separate KYC to switch from postpaid to prepaid, or vice versa.

    Currently, India is the world’s second-largest telecommunications market with a subscriber base of 1.16 billion. These reforms demonstrate the government’s commitment towards building the nation’s digital future.

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  • MTN, Smart extend 5G roaming of Philippines to South Africa

    MTN, Smart extend 5G roaming of Philippines to South Africa

    MTN South Africa network will be the first mobile operator in Africa to provide 5G access to customers from the Philippines through its international roaming agreement with the Philippines’ leading mobile services provider, Smart Communications.

    The agreement delivers on MTN’s and Smart’s commitment to keeping its travelers connected and providing them with access to 5G; both at home and when traveling as capable devices become available.

    “We’re excited to launch 5G roaming in South Africa with Smart’s network because of what it means for customers,” said Arne Casteleyn, general manager – international roaming, MTN GlobalConnect. “With MTN Y’ello Connect Roaming Hub and our central roaming team, we never stop innovating, developing and deploying faster roaming services to provide our customers with access to a next-generation network.”

    Casteleyn further explained that providing 5G services for visitors coming to Africa is crucial to get the same data speeds as at home and to harness trends such as the Internet of Things (IoT). “We continue to ramp up the roll-out of 4G, VoLTE, and 5G roaming with the world’s top operators which proves MTN’s commitment to provide excellent roaming services to its travelers as travel restrictions ease with mass vaccinations.”

    “This is part of Smart’s commitment to bring our world-class services anywhere in the world by expanding our 5G roaming coverage in Africa, after our successful rollout with 46 partners in Europe, USA, Middle East, and Asia,” said Ray Arsenal, AVP and head of roaming partnerships.

    Established in 2018, MTN GlobalConnect is based in Dubai and its team is made up of more than 25 nationalities.

  • Vietnam considers lifting Boeing 737 Max ban

    Vietnam considers lifting Boeing 737 Max ban

    The Civil Aviation Authority of Vietnam has proposed that the Boeing 737 Max aircraft be allowed to operate and imported to the country after a ban of over two years.

    The CAAV petitioned the Ministry of Transport to consider greenlighting the aircraft after 178 out of 195 global aviation authorities had lifted the ban on the jet.

    Over 360 Boeing 737 Max aircraft of 35 airlines have resumed service, it said.

    As of Sept.15, the aircraft has operated over 150,000 flights with over 370,000 hours of safe performance.

    Vietnam in April allowed the Boeing 737 Max to pass through its airspace, two years after it was grounded worldwide in March 2019 after 346 people were killed in two crashes in the space of a few months in Indonesia and Ethiopia.

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  • Vietnam Airlines ready for US direct route

    Vietnam Airlines ready for US direct route

    Vietnam Airlines is set to receive its final permit from U.S. authorities to conduct regular direct flights to the U.S. after nearly two decades of preparation.

    The national flag carrier has completed all necessary documents to be approved by the U.S. Transportation Security Administration (TSA), it stated.

    It is set to receive the permit from Federal Aviation Administration (FAA) soon. The airline did not specify a date.

    Vietnam Airlines said the permit is different from that given earlier for international special charter flights between Vietnam and the U.S.

    The carrier had earlier received permits to conduct 12 charter flights last year and another 12 this year.

    Bamboo Airways had also received a permit to fly 12 charter flights to the U.S. from this month to November.

    Last month, Vietnam Airlines was planning to operate regular flights between Vietnam and the U.S. starting October.

    The airline in 2003 was ordered by the Ministry of Transport to begin direct services to the U.S. by 2005. However, concerns about profitability kept the carrier from realizing the goal until now.

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  • Royal Enfield To Witness Exit Of Key Management Personnel

    Royal Enfield To Witness Exit Of Key Management Personnel

    Royal Enfield is witnessing a shakedown in its top management, after Chief Executive Officer Vinod Dasari stepped down from his position in August 2021. The company’s COO B. Govindrajan has been appointed Executive Director to lead the company, and replace Dasari. Now, according to the latest reports, the company will likely see a fresh round of exits from its senior management. According to reports, Lalit Malik, the Chief Commercial Officer of Royal Enfield has already put in his papers, and Shubhranshu Singh, Global Head of Marketing is already serving his notice period.

    The resignations and shakedown in Royal Enfield’s senior management comes at a crucial time when the brand is expanding in overseas markets, to grab a leadership position in the mid-size motorcycle segment. With the launch of the Royal Enfield 650 Twins three years ago, Royal Enfield has been on the product offensive and has recently launched the all-new Classic 350, built around an all-new platform with the J-Series engine also shared with the Meteor 350. The shakedown in the top management couldn’t have come at a worse time, when multiple new products are being planned, with Royal Enfield planning to introduce a new product every quarter.

    In fact, other reports suggest that Royal Enfield has let go of nearly 100 employees as part of its annual performance review. The measures are being described as “right-sizing” the workforce as part of the brand’s Project Restore initiative. The initiative intends to attain a 25 percent operating margin for the brand, and average sales volumes of 50,000 units a month. In August 2021, Royal Enfield reported a 9 percent decline in monthly sales, with domestic sales slipping by 18 percent. The only silver lining is the 164 percent jump in exports, but overseas sales volumes are a meagre 6,790 units in August 2021, compared to domestic sales volumes of 39,070 units in the same month.

    The coming months will be critical for Royal Enfield, as the brand struggles to find replacements for its senior management, and at the same time, go forward with its new product offensive, as well as stabilize sales volumes.

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  • Vietnam’s Bamboo Airways to sign $2 bln deal with GE for engines on Boeing jets

    Vietnam’s Bamboo Airways to sign $2 bln deal with GE for engines on Boeing jets

    Vietnam’s Bamboo Airways will sign a deal valued at nearly $2 billion with General Electric to purchase GEnx engines to power Boeing 787-9 Dreamliner aircraft, the airline said on Tuesday.

    The GEnx engines, due to be delivered in 2022, will be used on the airline’s wide-body Dreamliner fleet to operate planned non-stop routes between Vietnam and the United States, the company said.

    “This new signing agreement will be an important milestone for the airline to expand its transcontinental flight network, connecting Vietnam with medium- and long-range markets,” the statement said.

    The airline said it will open a representative office in the United States and sign agreements with San Francisco International Airport and Los Angeles International Airport this week, paving the way for its first test of a non-stop flight between the countries on Thursday.

    Bamboo said it aims to finalise procedures for non-stop commercial flights to the United Sates early next year, pending government approvals.

    Bamboo said it is also seeking to expand its international flight network and open more routes to Australia, the United Kingdom and Germany, using its Boeing 787-9 Dreamliner aircraft.

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  • Thai packaging firm eyes $353-mln expansion in Vietnam

    Thai packaging firm eyes $353-mln expansion in Vietnam

    Thai company SCG Packaging has announced plans to invest $353 million to expand in Vietnam.

    It will build a new plant in the northern province of Vinh Phuc, which will increase its capacity by 74 percent to 870,000 tons of packaging paper a year when it goes on stream in 2024.

    It will be operated by Vina Kraft Paper, a joint venture with Japan’s Rengo Company in which SCGP holds 70 percent.

    Vietnam is both a big consumer and exporter in the region, making it a big draw for multinational investors, CSGP’s chief executive, Wichan Jitpukdee, said.

    The country’s demand for packaging paper and related products is expected to grow at 6-7 percent a year in 2021-24, SCG Packaging estimates.

  • Evergrande’s Lenders Prepare Loan Loss Provisions and Rollovers

    Evergrande’s Lenders Prepare Loan Loss Provisions and Rollovers

    Several of China’s largest banks that issued loans to Evergrande are now reportedly considering taking on loan loss provisions and rolling over near-term obligations.

    Agricultural Bank of China – the nation’s third-largest lender by assets – has made some loan loss provisions for Evergrande-related exposure, according to a report citing unnamed sources.

    Separately, China Minsheng Banking Corp and China CITIC Bank Corp are prepared to roll over some of Evergrande’s near-term debt obligations.

    According to the report, Chinese bank exposure to Evergrande has decreased in the past year, such as a 10 billion yuan ($1.55 billion) reduction of Evergrande loan exposure to 30 billion yuan at Minsheng.

    There is a possibility that the government may intervene to manage an orderly collapse of Evergande, the report said, adding that regulators have completed related risk assessments.

    In a leaked 2020 document, Evergrande was believed to have liabilities with over 128 banks and 121 non-banking institutions. Although the document was written off as a fabrication by Evergrande, it is reportedly viewed with credibility amongst analysts.

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  • DBS Announces More Tech Job Openings

    DBS Announces More Tech Job Openings

    DBS continues to add tech talent with plans to hire around 150 related positions via a virtual hackathon.

    DBS will hire for around 150 technology positions through a virtual hackathon, Hack2Hire, an annual program in its fourth edition, according to a statement.

    The positions will be for 14 developer and engineering roles across artificial intelligence (AI), machine learning, and blockchain technologies.

    Successful candidates from the hackathon will be invited for a final interview during the event.

    The latest expansion follows 140 tech job openings previously announced in May during the bank’s female-focused virtual career fair.

    With Covid-19 greatly accelerating the pace of digital adoption, it is now more important than ever to ensure that our digital offerings continue to stay ahead of our customers’ needs, said DBS’ group head of big data/AI and consumer banking technology Soh Siew Choo.

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  • Cadillac Lyriq Sold Out In 90 Mins

    Cadillac Lyriq Sold Out In 90 Mins

    The Cadillac Lyriq has been the long-talked-about electric SUV that the luxury brand by GM has been working on and already it has been sold out in 90 minutes. The car which is also due to come in 2022 and now Cadillac has announced the “Debut Edition” has been reserved. So far Cadillac has only opened reservations for the “Debut Edition”.

    The luxury EV play costs upwards of $60,000 and the car will have a 100 kWh battery that has 335 bhp in power and coughs up 482.8 kilometers of range. It even supports 19.2kW AC charging and can even do 190 kW DC fast charging. It is also one of the first cars to feature GM’s ADAS stack called Super Cruise powered by Cruise, the self-driving car company capitalized by GM.

    “2023 Cadillac LYRIQ Debut Edition reservations are full, but more vehicles will be available to order through your Cadillac dealer starting the Summer of 2022. Contact your dealer for more details,” announced Cadillac.

    Deliveries for the Lyriq are supposed to start in Q2 of 2022 but that could change considering the global semiconductor shortage. It joins the likes of the Ford F-150 Lightning and Tesla Cybertruck as major EVs that will be delivered to consumers in 2022. Rivian has already started deliveries of the R1T and will soon launch new trims of the car in 2022.

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