Panasonic & Toyota toying with the idea of joint development of batteries for EVs

The move could extend Panasonic’s lead as the world’s biggest producer of lithium-ion batteries, a key component for tomorrow’s electric vehicles. On Wednesday, a joint statement by Toyota Motor Corp and Panasonic Corp said, the duo are considering a joint development of batteries for electric vehicles. The strategic move could potentially aid Panasonic maintain and…

General Electric wins defense contract worth up to $409 million from the Pentagon

This is significant since GE is aiming to develop next generation thermal power technology and control systems. As per a statement from the Pentagon, General Electric Co has been awarded a defense contract worth up to $409 million. The contract is for developing next-generation thermal power plants and control systems, as part of a government…