On Wednesday, Polestar, an electric vehicle maker owned by China’s Geely stated, it plans on opening 20 showrooms in the mainland, as it prepares for deliveries of its Polestar 2 electric sedan. Polestar aims to compete with Tesla Inc’s Model 3. Currently, Polestar has just 1 showroom in Beijing. It plans to have 20 of…
In a statement on Tuesday, France’s state-controlled power group EDF said, it has entered into a joint venture partnership with China Energy Investment Corporation (CEI) to develop offshore wind farms in China. EDF will take a 37.5% stake in the project company through its subsidiaries EDF Renewables and EDF China with CEI Group holding the…
On Tuesday, in a significant development, Telefonica Deutschland stated, it will build its core 5G mobile network in Germany using equipment procured from Ericsson; Telefonica Deutschland took this view basing itself on security concerns revolving around next-generation services. Three main mobile service providers in Germany are taking steps to remove Huawei from their core network;…
On Monday, in a statement Samsung Electronics Co Ltd said, the construction for a new domestic production line for NAND flash memory chips has begun following an increase in demand for personal computers and servers since the coronavirus induced lockdowns has boosted the number of people working from home. Samsung expects the new production line…
After Uber sold its Jump business to its rival Lime, the ride hailing company is currently destroying thousands of electric bikes and scooters. The distinctly red coloured bikes of Uber were seen being crushed recycling centre of the company in the United States in videos that went viral on social media. The videos have reportedly…
With a twist to its famous catch phrase “Just do it”, Nike has taken a stand against racism in e United States as it has started a campaign that has a tag line of “Don’t do it”. There has been protests against police brutality spread across the United States. “For once, Don’t Do It… Don’t…
There has been a acceleration in the digitalisation drive in a global shipping and logistics sector because of the crisis brought along by the novel coronavirus pandemic. According to industry leaders this sector is still used to routinely delivering many documents through bike messenger in some countries. A blockchain platform aimed at limiting the use…
The United States based global tech giant Google has decided to withdraw its offers for temporary jobs to thousand people who had agreed to work at the company on temporary and contractual basis because the company itself is faced with a drop in advertising revenue because of the coronavirus pandemic. “We’re slowing our pace of…
Japanese car making giant Nissan is set to slash its production by 20 per cent and will close down a factory in Spain which are part of some of the most sweeping strategy restructuring of the company even as it announced its first annual operating loss this year since more than a decade. For its…
Even as SoftBank Vision Fund reported a in the past business year, the total pay for the fund’s head, Rajeev Misra, more than double in the same period to reach a total of 1.6 billion yen. The growth in the pay for Misra was second to only to what the fund paid as remuneration for…
