In a significant development, according to three sources familiar with the matter at hand, Xiaomi Corp plans on entering the electric vehicles (EVs) segment using Great Wall Motor Co Ltd’s factory, making it the latest tech firm to join the smart mobility race. Xiaomi, one of China’s biggest smartphone makers, is in talks to use…
On Friday, Astanor Ventures, a backer French insect breeder Ynsect as well as Germany’s vertical farmer InFarm stated, it had raised a $325 million fund to invest in sustainable agriculture, food, and ocean technology startups. The new fund will back ventures that seek to make the food supply more resilient to climate change and attempt…
On Tuesday, in a statement Airbus said, it is stopping production and assembly activities at its plants in France and in Spain for the next four days. Both governments are implementing new measures to restrict the movements and fight the coronavirus outbreak, said Airbus. “This will allow sufficient time to implement stringent health and safety…
On Wednesday, Fiat Chrysler said, it is considering the temporarily closure, of some of its plants in Italy in response to the coronavirus outbreak – the largest in Europe. FCA also mentioned, it had boosted and intensified measures across its facilities to support the Italian government’s directives to curb the spread of China’s coronavirus.
With the coronavirus pandemic continuing its run in China, Hyundai Motor stated, it plans on gradually suspending production at its South Korean factories from Tuesday. Hyundai is the first automaker to do so outside China. The coronavirus is disrupted supply chain. Other global automakers, including PSA Peugeot Citroen, Ford, Nissan, Honda Motors have suspended the…
In a statement, Foxconn, formally known as Hon Hai Precision Industry Co Ltd, said it could continue to meet all manufacturing obligations in the wake of the coronavirus outbreak in China. “We do not comment on our specific production practices, but we can confirm that we have measures in place to ensure that we can…
In a statement, Toyota Motor Corp said it will be moving its production of the mid-size Tacoma pick-up truck from the U.S. to Mexico. Toyota Motor Corp, Japan’s biggest automaker, stated by 2022, it will stop the production of its Toyota Sequoia in Indiana since that plant focuses on minivans and mid-size SUVs. By late…
Volkswagen is aiming big for the burgeoning electric car market. It is not only retooling 16 of its plants to produce electric cars, it is also pushing its battery partners to to invest heavily in battery cell manufacturing. In a significant development of strategic importance, Volkswagen is pushing its joint venture partners including SK Innovation…
This could eventually lead to improved and cheaper biofuels. In a major breakthrough researchers have for the first time been able to capture the exact set of chemical reactions that make a photosynthesis. The discovery proves that the chemical reactions which strip electrons from water and thus initiate the conversion of solar energy into chemical…
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