France’s Air Liquide partners with Itochu Corp to develop hydrogen mobility markets in Japan

On Friday, in a statement French industrial gas giant Air Liquide said, it has entered into a collaboration with Japan’s Itochu Corp, a trading house, to further develop the hydrogen mobility markets in Japan. Initially, both companies will focus on the development of hydrogen retail infrastructure in Japan for both commercial and for passenger vehicles,…

Hydrogen plane startup ZeroAvia receives backing from Amazon.com Inc and Royal Dutch Shell

On Wednesday, hydrogen plane startup ZeroAvia stated it had secured $21.4 million in a funding round led by Bill Gates’ Breakthrough Energy Ventures to develop zero-emission commercial aircraft. The startup’s prototype hydrogen powered propeller plane has already completed 10 test flights. Its backers includes Amazon and energy giant Royal Dutch Shell. Hydrogen, which produces water…

Uber Technologies negotiating to divest air taxi unit Uber Elevate

Uber Technologies is in advanced talks to sell “Uber Elevate”, its air taxi business, to aerospace firm Joby Aviation said sources familiar with the matter at hand. Uber did not immediately respond to requests for comments. With the news reaching the market, Uber’s shares rose by more than 6%. Earlier this year in January Hyundai…

Quebec-based Lion Electric Co aims to go public through SPAC

In a statement, Lion Electric Co stated it plans on going public through a merger with blank-check company Northern Genesis Acquisition Corp. The startup aims to ramp up production capacity to tap growing demands for electric vehicles. Known for its yellow electric school buses, Quebec-based Lion Electric expects to receive around $500 million of net…

Deutsche Bahn & Siemens Mobility developing green hydrogen powered train engines

In a significant development, Deutsche Bahn and Siemens Mobility have started developing hydrogen-powered fuel cell trains as well as filling station; trials for the same will commence in 2024. In time these will replace diesel powered train engines on Germany’s local rail networks. A prototype, which will be built by Siemens, will be based on…

Walmart in partnership discussions with Comcast to develop and sell Smart TVs

According to sources familiar with the matter at hand, Comcast and Walmart Inc are in collaborative talks to develop and distribute smart TVs. Under the terms of discussion, Walmart will promote TV sets running Comcast software and in return get a share of recurring revenues from Comcast. Comcast is competing with Apple TV+ and Netflix…

Foxconn partners with Medtronic Plc to manufacture ventilators

On Wednesday, Taiwanese electronics manufacturing giant Foxconn stated, it will partner with U.S. firm Medtronic Plc to manufacture ventilators to help patients afflicted by the Wuhan coronavirus outbreak. Formally known as Hon Hai Precision Industry Co Ltd, Foxconn is best known for assembling Apple’s iPhones at factories in China. Foxconn’s statement, released through the company’s…