Category: News Site

Tesla takes delivery of a big order of robots at Gigafactory Texas

Tesla appears to already be taking delivery of a quite a big order of robots for Model Y production at Gigafactory Texas. Tesla Gigafactory Texas In mid-2020, Tesla announced a deal to build a brand-new factory in Austin, where they bought a 2,000-acre piece of land. At first, Tesla referred to the factory as the Cybertruck… Continue reading Tesla takes delivery of a big order of robots at Gigafactory Texas

GM investing $75 million to increase truck transmission production

Detroit — General Motors Co. is investing $75 million at its transmission plant in Toledo, Ohio, to increase production of 10-speed automatic transmissions for profit-rich trucks.  The automaker plans to field 30 EVs by 2025 and an emissions-free lineup by 2035. But GM isn’t backing down now on supplying its Chevrolet Silverado and GMC Sierra pickups to… Continue reading GM investing $75 million to increase truck transmission production

Electric vehicle sales surge in EU amid Covid slump

Renault’s Zoe hatchback took poll position thanks to strong sales in France and Germany in particular, with nearly 100,000 sold last year on 23 key European markets Paris: Demand for electric vehicles soared in the EU last year as buyers took advantage of government subsidies for clean cars aimed at helping manufacturers weather the unprecedented… Continue reading Electric vehicle sales surge in EU amid Covid slump

Chipmaker Xilinx says car supply crunch goes beyond semiconductors

TAIPEI — U.S. chipmaker Xilinx has warned that the supply crunch affecting the auto industry will not be quickly resolved, saying problems extend beyond semiconductor manufacturing to supplies of other materials and components. Victor Peng, Xilinx president and CEO, told Nikkei Asia in an interview that he hoped a serious shortage would not be prolonged… Continue reading Chipmaker Xilinx says car supply crunch goes beyond semiconductors

EV-battery giant CATL to boost capacity with $4.5bn investment

GUANGZHOU — The world’s largest maker of batteries for electric vehicles, China’s CATL, says it will rev up production even higher, spending up to 29 billion yuan ($4.49 billion) to build or upgrade domestic factories to meet growing demand. This is in addition to plans Contemporary Amperex Technology Ltd. unveiled last year to boost capacity at a cost of… Continue reading EV-battery giant CATL to boost capacity with $4.5bn investment

UK new car sales fall 40% in January as lockdown bites

Just over 90,000 new cars were sold in the UK in the slowest January for more than 50 years, according to industry figures released on Thursday. Sales fell 40% compared with January 2020 to 90,249, as the closure of car showrooms under lockdown compounded the economic gloom. The Society of Motor Manufacturers and Traders (SMMT)… Continue reading UK new car sales fall 40% in January as lockdown bites

Rad Power Bikes raises $150 million as electric bike sales boom

Electric bike sales boomed in 2020, a phenomenon driven by the COVID-19 pandemic and the disruption it delivered consumers’ daily lives. Now, Rad Power Bikes is reaping those rewards and using them to double its workforce and scale globally. The Seattle-based startup said Thursday it has raised $150 million from institutional investors including Morgan Stanley’s… Continue reading Rad Power Bikes raises $150 million as electric bike sales boom

Microsoft launches Viva, a bet on the future of remote work

Microsoft Viva is Microsoft’s new push for helping businesses with remote work and a big bet on this new way of life becoming the norm. It’s designed to act as a portal for both employees and businesses to navigate the complexities of working from home. Microsoft is launching Viva today, with parts of the platform… Continue reading Microsoft launches Viva, a bet on the future of remote work