This strategic investment aligns multiple sweet spots: in a single stroke Elon Musk is increasing Tesla’s footprint in China, the world’s biggest auto market, boosting production capacity and export potential while facing Chinese EV startups head-on. In a development that marks Tesla’s latest attempt to boost its footprint in China, as per a local business…
For Intel, Israel is an important country given that it develops some of its key technologies . In a significant development, Israel’s Finance Committee has informed the country’s parliament that it has approved a grant of $185 million (700 million shekel) to Intel Corp in return for a planned $5 billion expansion of its production…
The project is aimed at boost regional connectivity and comes in the wake of a slowdown in the domestic economy. On Tuesday, in a development that boost inter-state connectivity, China’s state planner stated, it has approved a high-speed railway project in Shaanxi, a province in northwestern China. The high-speed railway project has a total investment…
HNA Technology Co Ltd has reported the same in a filing to the Shanghai stock exchange albeit without disclosing the name of the buyer. On Monday, as per China’s HNA Technology Co Ltd’s filing to the Shanghai stock exchange, it is holding preliminary talks with a concerted party to sell U.S. electronics distributor Ingram Micro…
The launch is huge for SpaceX since it marks its first ever national security space mission for the United States. In what is possibly a milestone in SpaceX’s corporate history, Elon Musk’s privately held rocket company has blasted off from Florida’s Cape Canaveral on Sunday carrying a U.S. military navigation satellite, marking the launch as…
Tesla’s CEO, Elon Musk tweeted, “If Tesla committed delivery & customer made good faith efforts to receive before year end, Tesla will cover the tax credit difference.” Luxury carmaker Tesla Inc has stated, it will reimburse customers if delays to car deliveries have caused them to miss out on a significant tax credit. In 2017,…
The court verdict will remain pending if Apple were to go on appeal. Qualcomm has also received a similar ruling from a court in China. A German court ruled has ruled that Apple Inc has infringed on Qualcomm Inc’s hardware patent and said, Cupertino can no longer sell some of its iPhone models in Germany…
The resumption of testing of Uber’s autonomous automated fleet of cars will now be under more controlled and monitored conditions. In a significant development, Uber Technologies Inc stated, it is resuming the limited testing of self-driving cars on public roads in Pittsburgh; the move comes 9 months after it suspended the program following a deadly…
The forward-looking purchase of the stake is of strategic significance as it revolves around the future of mobility. In a strategic move, Volkswagen has purchased a controlling stake in Volvo’s WirelessCar, a digital service developer which specializes in connected driving, for $122 million (1.1 billion Swedish crowns). In a statement Volkswagen stated, WirelessCar’s technology would…
Investors worries include SoftBank Corp’s exposure to Huawei. SoftBank has stated it plans on replacing its Huawei-provided 4G network equipment with those of other suppliers – an expensive and time-consuming affair. In a rare development, shares of Japan’s SoftBank Corp fell by more than 10% on debut as investor appetite for what has been Japan’s…
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