On Tuesday, following Panasonic Corp’s first quarter report, shares of Asian companies in Tesla Inc’s battery supply chain surged. Panasonic’s battery venture with Tesla has boosted investor confidence in the U.S. electric vehicle (EV) maker. Panasonic’s first quarterly profit from its $1.6 billion investment in Tesla’s Gigafactory is also another validation of Tesla founder Elon…
The international military equipment market is sizzling, with rearmament phases occurring in many countries, and constant increases in technological capacities. But military potential is not limited to industrial capacity to build equipment, as industries also need to develop their capacity to sell their products. Local partnerships, so far, seem the best way to guarantee the…
On Friday, Turkey’s official gazette stated, its new domestic electric car project will receive a fixed investment of $3.7 billion (22 billion lira) over a period of 13 years, and will have an annual production capacity of 175,000 vehicles. Its new domestic electric car project, launched on October 30, will receive state support, including tax…
Intel sees 5G as not just about faster internet speeds for smartphones. It sees this as an opportunity to play a significant role in the 4th industrial revolution. On Monday, Intel Corp, the world’s second biggest chip maker by revenue, announced new partnerships and chips. Although Intel got into the wireless data business with the…
This new service deepens Instacart’s relationship with existing partnerships including Germany’s Aldi. Groceries delivery startup Instacart stated it is in the process of launching a new service, Instacart Pickup, across the United States; the service will enable customers to order groceries and choose either delivery or store pickup options. The nation-wide rollout of the new…
This second investment by Hyundai Motor Co in Grab underscores the strategic growing relations between the two firms and has long term implications. In a development that marks Hyundai Motor Co’s growing confidence on Uber, the carmaker has, once again, invested Singapore’s ride hailing firm Grab. Hyundai Motor Co’s investment of $250 million in Grab…
The development underscores Uber CEO Dara Khosrowshahi’s strategy of strengthening and expanding Uber’s footprint through partnerships. On Thursday, Uber Technologies announced, it would be launching an app for taxis operating in Nagoya, Japan. The development comes in the wake of the U.S. firm trying to expand and strengthen its foothold in the country. Incidentally, Japan…
The timing for deploying 5G technology is set to top the agenda at the Mobile World Congress, set to take place in Barcelona next week. The telecom industry is counting on the new technology to trigger growth in equipment sales and mobile services.
Although the company is continuing with its investments in shale oil in countries, including Argentina, faced with rising consumer demand for EVs, BP is weighing its options to see how it can meaningful participate and survive in this changing market. London-based BP is holding partnering talks with electric vehicle manufacturers to offer battery re-charging docks…
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