Porsche AG sets up joint venture with Customcells for producing high performance batteries

In a statement, Volkswagen’s sports car unit Porsche AG said it is setting up a joint venture with Customcells to produce high-performance batteries which purportedly will significantly decrease battery charging times. The statement mentions that the partnership with Customcells, a company which specializes in producing lithium-ion cells, is aimed at producing car batteries with higher energy…

Boeing to purchase Elbit’s anti-jamming system for F15, F15EX

In a statement Boeing said, it will integrate an anti-jamming system developed by Israel’s Elbit Systems into a fleet of F-15 fighter jets which it will sell to a yet-to-be disclosed customer. “The Immune Satellite Navigation System ensures uninterrupted GPS operation, providing full jamming immunity for multiple satellite channels and can handle multiple interfering signals,”…

Google’s ad business faces EU regulatory threat

According to sources familiar with the matter at hand, Alphabet’s Google is likely to face its most significant regulatory threat from EU antitrust regulators, who are set to open a formal investigation into its digital advertising business by the end of 2021. In the last decade, the European Commission had fined Google more than $9.8 billion…

Jaguar Land Rover to begin testing hydrogen fuel-cell prototype Land Rover Defender vehicle

In a statement on Tuesday, Jaguar Land Rover said, it will begin testing a hydrogen based fuel-cell prototype model based on its Land Rover Defender vehicle later this year. The development sees the carmaker expand its zero-emission portfolio. Owned by India’s Tata Motors, earlier this year, JLR said it aims to be entirely electric by…

Carro is Singapore’s latest unicorn following latest funding round

On Tuesday, Southeast Asian online automotive marketplace Carro said, it has raised $360 million in its latest funding round that was led by SoftBank Vision Fund 2, becoming the region’s latest unicorn. “The valuation for the company is well over a billion dollars,” said Carro, Aaron Tan, the CEO and founder of Singapore-headquartered Carro. Carro…

Tesla will accept bitcoins when miners use more renewable energy sources: Elon Musk

In a tweet, Elon Musk, Tesla Inc’s CEO said, the electric carmarker will accept bitcoin transactions when miners who verify transactions use more renewable energy. “When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” said Musk in a tweet. Following Musk’s tweet, the…

Huawei to reach driverless technology milestone by 2025

An executive from Huawei Technologies said, the company aims to develop driverless passenger car technology by 2025. The move sees the erstwhile Chinese telecom giant diversifying its business in the face of U.S. sanctions. “Our team’s goal is to reach true driverless passenger cars in 2025,” said Wang Jun, senior executive at Huawei’s smart vehicle…

Semiconductor equipment maker MKS negotiating acquisition of specialty chemicals group Atotech Ltd: Sources

According to sources familiar with the matter at hand, MKS Instruments Inc, a semiconductor equipment maker, has approached Atotech Ltd, a specialty chemicals group, with an acquisition offer. The potential deal will see MKS expand it’s offerings in chip manufacturing through the addition of Atotech’s plating chemicals. The offer comes a few months after Atotech…