According to a report from Bloomberg News, Tesla Inc’s rival electric-vehicle startup Rivian is likely to go public later this year at a valuation of around $50 billion or more. The startup has the backing of Ford Motor Co and Amazon.com Inc. While Rivian has been in talks with bankers about its plans, its timeline…
Chinese consumers are rushing to purchase Huawei’s smartphone featuring its high-end Kirin chips, fearing that the company’s production of its premium handsets will face punitive curbs by U.S. trade action. According to Huaqiangbei, smartphone vendors in China’s southern city of Shenzhen, are seeing a steady rise in the prices of used and new Huawei phones…
On Friday, LG Display Co Ltd, an Apple Inc supplier offered an optimistic outlook for the year on the back of higher demand for its organic light-emitting diode (OLED) panels sending its shares higher by 4%. The optmistic forecast comes in the wake of the South Korean company seeing prolonged decline in liquid crystal display…
The upswing in Bitcoin prices comes at a time of ongoing blockchain and cryptocurrency conference in New York, which is attended by influential market players and big investors. Late on Monday, the price of bitcoin surged to more than $8,000 – its highest level since July 2017. The crypto currency’s rally is gaining further momentum.…
The development underscores a rising demand for affordable wearables among consumers. In a development that signals a welcome break for wearable devices, wearable device maker Fitbit Inc reported better-than expected first-quarter results reaffirming its full-year revenue forecast. The wearable device maker was able to sell more smartwatches and wearable devices that track health at affordable…
Customers have until March 18 to snag Tesla’s electric cars at their old price points. U.S. electric carmaker Tesla Inc has stated, the prices of its high-end models will increase by around 3% on average. Tesla plans on keeping more retail stores open than it had earlier planned. Tesla has clarified that the worldwide price…
With next generation electromobility options coming packed with sensors and electronics, input costs have rise significantly. Adding to that pressure is the EU’s push to meet tougher-than-expected greenhouse gas emissions targets which aims to bring it down by 37.5% by 2030. In an interview to German newspaper Welt am Sonntag, Volkswagen’s chairman Hans-Dieter Poetsch stated,…
Tesla has been facing some serious headwinds in selling its models in China. The price cuts should add to the allure of its models. In a strategic decision, Tesla Inc stated, it is slashing the price of its Model S and Model X cars in China in order to boost their sales that potentially have…
Although its share prices surged by 3.8% on Monday, they are still down by 40% from their April 2018 levels. On Monday, following the removal of measures from a defense bill by U.S. lawmakers that would have reinstalled sanction on China’s ZTE Corp, shares of the telecommunications equipment maker surged by 3.8% in Hong Kong.…
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