Hyundai unveiled its new Ioniq 6, a sedan that it says will deliver range on par with the Tesla Model 3, issuing a direct challenge to the best-selling battery-electric sedan on the market. The Ioniq 6 — the follow-up to Hyundai’s Ioniq 5 SUV and the second model in its Ioniq EV sub-brand — will… Continue reading Hyundai casts new Ioniq 6 sedan as a Tesla Model 3 rival
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Hadean Awarded British Army Contract To Build Cloud Distributed Simulation Pathfinder
Harnessing Hadean’s Web 3.0 technology, the project will blend different 2D, 3D and Live, Virtual and Constructive (LVC) elements of training environments for land warfare into one immersive simulation, capable of running larger scenarios for remotely located physical and virtual users, without compromising on fidelity or complexity. The demonstrator’s learning and development outcomes will support… Continue reading Hadean Awarded British Army Contract To Build Cloud Distributed Simulation Pathfinder
IQAX named among top 10 digital twin solution providers in APAC
IQAX is proud to announce its inclusion in CIOoutlook’s top 10 digital twin solution providers 2022 in the region. HONG KONG, July 14, 2022 /PRNewswire/ — IQAX Limited, a leading innovator of digital solutions for the logistics industry, has been recognised as one of the top 10 digital twin solutions providers in the Asia Pacific… Continue reading IQAX named among top 10 digital twin solution providers in APAC
Crypto lending giant Celsius files for bankruptcy
Celsius has filed for bankruptcy protection a month after it paused all customer withdrawals and transfers, according to The Wall Street Journal. The crypto lending giant left almost two million users unable to access their funds back in June due to what it described as “extreme market conditions.” Back then, the company said that freezing… Continue reading Crypto lending giant Celsius files for bankruptcy
EV Sales Hit Record High in Q2 2022
In the same quarter last year, 19 EV models were for sale in the U.S. Compare this to 33 models this year. Photo: Canva New vehicle sales in the second quarter struggled, up only modestly from the first quarter and down more than 20% from Q2 2021, Cox Automotive recently reported. There were a few positive… Continue reading EV Sales Hit Record High in Q2 2022
Sixt Expands into Canada
Sixt says it will bring to Canada a higher percentage of premium and lower mileage vehicles, including BMWs and Mercedes-Benz models. Photo: Sixt Car rental provider Sixt announced in a statement the brand’s expansion to the Canadian market, accelerating its international growth across North America. The brand’s first Canadian branch will be located in downtown Vancouver’s Library Square. Following Vancouver, Sixt will soon open in… Continue reading Sixt Expands into Canada
Taiwan says Foxconn needs govt nod to invest in Chinese chip firm Tsinghua UnigroupFoxconn’s unit plans to invest $1.46b for a stake in Unigroup, Taiw…
Taiwan’s Foxconn, the world’s largest contract electronics maker, would need Taiwanese government permission if its unit were to invest in embattled Chinese chip conglomerate Tsinghua Unigroup, a government official said on Thursday. Taiwan media has reported that Foxconn‘s China-listed unit Foxconn Industrial Internet Co Ltd plans to spend 9.8 billion yuan ($1.46 billion) for a stake in Unigroup, as… Continue reading Taiwan says Foxconn needs govt nod to invest in Chinese chip firm Tsinghua UnigroupFoxconn’s unit plans to invest $1.46b for a stake in Unigroup, Taiw…
US crypto lender Celsius files for bankruptcy
US crypto lender Celsius Network said on Wednesday it has filed for bankruptcy, becoming the latest victim in the cryptocurrency sector to wilt under a dramatic plunge in prices. New Jersey-based Celsius listed estimated assets and liabilities on a consolidated basis in the range of $1 billion to $10 billion, according to a court filing in the US Bankruptcy… Continue reading US crypto lender Celsius files for bankruptcy
US venture capital dealmaking dips in H1 2022 as economic uncertainty bites
Venture capital dealmaking in the United States dipped in the first half of 2022, as investors shied away from signing large cheques for startups due to uncertain macroeconomic conditions and market turmoil, according to a report on Thursday. The value of deals struck in the first half of 2022 dropped to $144.2 billion, due to an ongoing… Continue reading US venture capital dealmaking dips in H1 2022 as economic uncertainty bites
Vanpowers Bike Exhibits at Eurobike 2022 Messe Frankfurt in July with Breakthrough Assembled Frame
“Vanpowers Bike is dedicated to green and clean mobility and offering sustainable e-bike development solutions as people place more and more emphasis on environmentally friendly transportation and sustainable development. Through this exhibition, we intend to introduce people to our brand and e-bikes while also sharing our ideas for enhancing the performance and safety of e-bikes.”… Continue reading Vanpowers Bike Exhibits at Eurobike 2022 Messe Frankfurt in July with Breakthrough Assembled Frame