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…
The extradition request from the U.S. to Canada is likely to occur by the end of January 31. The United States has informed Canada that it plans on making a formal request to extradite Huawei’s Chief Financial Officer Meng Wanzhou on allegations violation of U.S. sanctions against Iran, stated the Globe and the Mail in…
Despite facing international pressure on its business, Huawei has managed to secure 30 contracts to supply 5G equipment; it has already shipped 25,000 5G base stations. As per a report by French newspaper Les Echos, France is weighing its option for introducing a bill amendment so as to empower its defense and security institutions to…
The CNIL’s decision is likely to send a shiver down the spine of the tech industry who are yet to comply with the EU’s tough GDPR laws. In a development that has gone down in the pages of history as one of the biggest levies, to date, attached by France’s data protection watchdog on Google…
Logitech’s raised its full year forecast in the wake of its third quarter sales rise which beat analysts’ forecasts. On Tuesday, Logitech International SA raised its full year profit outlook after reporting a strong growth in its gaming hardware business. The Swiss-U.S. company got a boost from strong sales of its gaming products such as…
The contract has a 10-year tenure and is for the supply of advanced components for various fighter aircraft. Meggitt Plc, a UK-based engineering firm has signed a $750 million contract with Pratt & Whitney for the supply of components for two of its engines. The 10-year contract agreement with Pratt & Whitney is for the…
With next generation electromobility options coming packed with sensors and electronics, input costs have rise significantly. Adding to that pressure is the EU’s push to meet tougher-than-expected greenhouse gas emissions targets which aims to bring it down by 37.5% by 2030. In an interview to German newspaper Welt am Sonntag, Volkswagen’s chairman Hans-Dieter Poetsch stated,…
