TOKYO, Feb 13 (Reuters) – Nissan Motor Co (7201.T) and Renault SA (RENA.PA) said on Monday they would invest $600 million to make six new models in India. The Japanese and French automakers will work on the projects from their base in Chennai, turning it into an export hub, they said in a statement. The… Continue reading Gallery
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SHANGHAI, Feb 13 (Reuters) – Zeekr, the electric car brand of China’s Geely Automobile Holdings (0175.HK), is raising $750 million from five new and existing investors in a funding round that values the brand at $13 billion. Zeekr, which sells two purely electric car models, said in a statement on Monday that proceeds from the… Continue reading Untitled
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Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source
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SEOUL Feb 13 (Reuters) – South Korean startup Rebellions Inc launches an artificial intelligence (AI) chip on Monday, racing to win government contracts as Seoul seeks a place for local companies in the exploding AI industry. The company’s ATOM chip is the latest Korean attempt to challenge global leader Nvidia Corp (NVDA.O) in the hardware… Continue reading Gallery
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BERLIN, Feb 12 (Reuters) – BMW (BMWG.DE) met its 2022 target for significantly higher pretax earnings than in the previous year, Focus Money magazine reported on Sunday, citing the German carmaker’s chief financial officer. “We had no reason to correct the forecasts … Otherwise we wouldn’t be sitting here so relaxed,” CFO Nicolas Peter was… Continue reading Untitled
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BERLIN, Feb 11 (Reuters) – The boss of Google’s search engine warned against the pitfalls of artificial intelligence in chatbots in a newspaper interview published on Saturday, as Google parent company Alphabet (GOOGL.O) battles to compete with blockbuster app ChatGPT. “This kind of artificial intelligence we’re talking about right now can sometimes lead to something… Continue reading Untitled
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Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source
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SAN FRANCISCO, Feb 10 (Reuters) – The Biden administration next week is expected to detail requirements for its $7.5 billion subsidy for electric charging stations, a bid to jumpstart the country’s adoption of electric vehicles (EV). Here are the terms and acronyms you need to know to understand the booming EV charger market. LEVEL UP… Continue reading Untitled
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Feb 10 (Reuters) – Ford Motor Co (F.N) is expected to announce as soon as Monday it plans to build a new $3.5 billion lithium iron phosphate battery plant in Michigan, sources told Reuters. The plant is expected to be located around Marshall, Michigan, and eventually employ at least 2,500 workers. Ford is expected to… Continue reading Untitled