Airbus, Boeing and numerous other firms are working on a range of electromobility options that is defining the future of mobility. In an inaugural test flight, Boeing Co’s prototype flying car hovered briefly in the air in a development that albeit small but is a significant step to revolutionizing urban transportation and parcel delivery services.…
Huawei is well on its way to give a record thumping to Apple’s iPhones in full year smartphone sales. On Thursday, China’s Huawei Technologies Co Ltd reported a record rise in the sales of its consumer business which exceeded $52 billion in 2018, mainly on account of its premium smartphones. According to Richard Yu, Huawei’s…
This is the second such setback for Microsoft in China. Microsoft’s search engine Bing has become the latest foreign technology service to be closed down by Chinese authorities. As per Microsoft’s statement, its Bing search engine has been blocked in China. “We’ve confirmed that Bing is currently inaccessible in China and are engaged to determine…
Tesla faces the unenviable position of either raising prices at the risk of losing customers or slash prices by thousands of dollars per vehicle, with the electric vehicle tax break starting to being phase out from earlier this month. Just days after saying saying it would cut jobs, Tesla Inc said, it is reducing the…
With this strategic launch, Huawei is aiming to gain a foothold in the burgeoning 5G market. On Thursday, Chinese telecom equipment giant, Huawei Technologies Co Ltd, introduced Tiangang – its first 5G base station chipset, saying it increases computing power by 150%. Although Huawei has been using its chipsets in its high-end smartphones as well…
The United States would continue to push for the extradition of the chief financial officer of Chinese tech giant Huawei who was arrested in Canada in December over allegations that she was instrumental in in a conspiracy to defraud banks, said the US Justice Department. The US authorities have alleged that Huawei CFO Meng Wanzhou…
According to media reports quoting sources, a joint venture for the manufacturing of batteries for electric vehicles (EV) is all set to be announced by Toyota Motor Corp and Panasonic Corp which would start functioning next year with the aim of rivalling the Chinese makers of EV batteries. According to sources quoted in the media,…
Foxconn has attributed the development as part of its usual adjustments based on global strategy and clients’ needs. In a stock filing, Foxconn Industries, formally known as Hon Hai Precision Industry Co Ltd, stated it was in the process of recruiting more than 50,000 positions across its China campuses for the January-March quarter, midst reports…
DJI is investigating a number of cases involving corruption which caused its prices to shoot up by 20%. It has already fired 45 individuals from its R&D and procurement divisions. In a statement, SZ DJI Technology Co Ltd, the world’s largest maker of consumer drones, stated its employees had inflated the cost of parts for…
Tesla is placing its supply chain in order as it gears up for production at its Shanghai Gigafactory. According to two sources with direct knowledge of the matter at hand, Tesla Inc has signed a preliminary agreement with Tianjin Lishen for supplying batteries for its Shanghai Gigafactory, as it plans to expand its battery sourcing…
