Tom Zhu, Tesla’s China president who oversaw Gigafactory Shanghai’s transformation into the world’s largest EV plant, has been appointed to run the new Gigafactory in Austin, Texas, Bloomberg reported earlier this week. That would make the China chief, who joined Tesla China in April 2014, one of the top executives at the EV giant. The… Continue reading Tesla hopes China boss will bring secret sauce to Gigafactory Texas
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Google brings Waze and Maps teams together in cost-cutting move
Image: BigTunaOnline/Shutterstock Google is bringing the Waze team across to the organization running Google Maps to cut costs. The Wall Street Journal reports that more than 500 employees at Waze will join Google’s Geo organization, which is responsible for Maps, Earth and Street View. The move is happening today. There are no redundancies as part… Continue reading Google brings Waze and Maps teams together in cost-cutting move
Lexus could save the stick shift for EVs, if drivers are willing to pretend
/ The Japanese automaker is reportedly working on a manual transmission for electric cars. Will the stick-obsessed be willing to play make-believe? By Patrick George Share this story Image: Ferrari The manual transmission, once a staple of base trim economy cars and high-end sports cars alike, has been in decline for years now. But for… Continue reading Lexus could save the stick shift for EVs, if drivers are willing to pretend
When drivers are attacked, Uber leaves police waiting for help
An investigation from The Markup found that Uber is slow to respond to law enforcement requests, leaving drivers vulnerable to repeated attacks. In St. Louis, a narrow and quiet street shadowed with trees has haunted Brian Blagoue since the spring of 2021. It’s where two passengers carjacked him at gunpoint while he was working as… Continue reading When drivers are attacked, Uber leaves police waiting for help
Riviera Partners Receives Investment from Insight Partners
Riviera Partners, a San Francisco, CA-based data-driven and tech-enabled executive search company, received an investment from Insight Partners. The amount of the deal was not disclosed. The company intends to use the funds to scale into new markets and geographies. Led by CEO Will Hunsinger, Riviera Partners is a global executive search company that places executive… Continue reading Riviera Partners Receives Investment from Insight Partners
Artemis I is on track to success, as NASA readies for splashdown
A portion of the far side of the Moon looms large just beyond the Orion spacecraft After orbiting around the moon, NASA’s Orion spacecraft will land in the Pacific Ocean on Sunday, putting the Artemis I mission on track for success. It’s too early to declare Artemis I a complete success — two of the… Continue reading Artemis I is on track to success, as NASA readies for splashdown
India’s Snapdeal to shelve $152m IPO amid tech routThe latest casualty of a meltdown in tech stocks that has soured investor sentiment
SoftBank-backed Indian e-commerce firm Snapdeal has decided to pull the plug on its $152 million IPO, the company told Reuters, making it the latest casualty of a meltdown in tech stocks that has soured investor sentiment. Snapdeal filed its initial public offering (IPO) regulatory papers for approval in December 2021, a year that saw many stock… Continue reading India’s Snapdeal to shelve $152m IPO amid tech routThe latest casualty of a meltdown in tech stocks that has soured investor sentiment
Chinese hydrogen fuel cell carmaker SFCC hits $1.9b valuation post Series BThe investment saw SFCC become the first unicorn incubated by China’s state…
State Fuel Cell Technology Corporation (SFCC), a Chinese developer of hydrogen fuel cell vehicles, has reached a post-money valuation of 13 billion yuan ($1.9 billion) after the completion of its Series B funding round at 4.5 billion yuan ($647.6 million). The investment saw SFCC become the first unicorn incubated by State Power Investment Corporation Limited… Continue reading Chinese hydrogen fuel cell carmaker SFCC hits $1.9b valuation post Series BThe investment saw SFCC become the first unicorn incubated by China’s state…
Nexus leads $12.5m funding in Uniqus Consultech and other India deals
Uniqus Consultech Inc., a tech-enabled global platform that offers ESG and accounting and reporting consulting, Thursday launched formal operations and announced raising $12.5 million in its Series A funding round for a minority stake sale. Nexus Venture Partners, which has also backed prominent Indian startups including Delhivery, Postman, Zepto, Turtlemint and others, led the funding… Continue reading Nexus leads $12.5m funding in Uniqus Consultech and other India deals
Chinese semiconductor firm ESWIN Material bags $576m in Series C round
Xi’an ESWIN Material, the integrated circuit (IC) and solutions unit of Beijing ESWIN Technology Group, has secured 4 billion yuan ($575.7 million) in a Series C round led by CNBM New Materials Fund, making it the largest ever funding round raised by a semiconductor firm. CNBM New Materials Fund is a 20-billion-yuan ($2.8 billion) new… Continue reading Chinese semiconductor firm ESWIN Material bags $576m in Series C round