French carmaker enters into a joint venture with China’s Jiangling Motors Corporation Group

Renault move is aimed at tapping China’s growing electric vehicles market. In a deal which sees French carmaker Renault taking a 50% stake, the carmaker has formed a joint venture partnership with China’s Jiangling Motors Corporation Group (JMCG) to target the Chinese electric vehicles (EV) market. In a statement Renault said, it would increase its…

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FCA partners with silicon valley startup Aurora for creating autonomous platforms

Tech companies are increasing going up the value chain for automakers. This partnership is the latest example of this strategic tie-up. In a development that marks the latest collaboration between Silicon Valley and automakers, Aurora, a self-driving car software startup stated it will be partnering with Fiat Chrysler to build autonomous platforms for commercial vehicles.…

Finistere Ventures partners with 3 Israeli firms to invest up to $100 million in Israeli agrifood startups

Finistere Ventures is intent on investing in technologies in the food sector. On Monday, Finistere Ventures, a food technologies-focused firm has partnered with three Israeli firms to invest up to $100 million in agrifood startups in Israel. Finistere will be joined by Tnuva, Israel’s largest food company that is controlled by China’s Bright Food, beverage…

Toyota establish green technologies research center with China’s Tsinghua University

The move is likely to help China in its goal to expand its tech capability, manufacturing and distribution channels and better compete in the world stage. Toyota Motor Corp stated, it is in the midst of setting up a research institute in Beijing in partnership with Tsinghua University. The partnership will study uses of car…

Google-backed Deliv breaks off grocery partnership deal with Wal-Mart

Wal-Mart is in the process of fixing the issues due to which it had to cut its ties with the logistics firm. In a significant development that marks a setback against Wal-Mart’s efforts to fight Amazon.com in the groceries segment, logistics firm Deliv and Walmart Inc have discontinued their same-day grocery delivery partnership. In 2018,…

Huawei Technologies Kunpeng 920 challenges Intel’s CPUs in server market

Along with the launch of its Kunpeng 920 chipset, Huawei has launched servers which will house the Kunpeng 920 chip. Incidentally, Huawei has a long term partnership with Intel. On Monday, in a significant development, China’s Huawei Technologies Co Ltd launched new server chips that is aimed at reducing its imports and reliance on U.S.…