Tesla has started delivering new Megapack batteries for a giant new 99 MW/198 MWh energy storage project under construction in the UK. Almost exactly two years ago, Tesla launched the Megapack. It was Tesla’s third stationary energy storage product after the Powerwall and Powerpack. A single Megapack unit is a container-sized 3 MWh battery system with… Continue reading A new giant Tesla Megapack project is under construction in the UK
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Solid Power expands production capacity to deliver test batteries to BMW, Ford in 2022
Solid Power, a battery developer backed by Ford and BMW, is expanding its Colorado-based factory footprint as it prepares pilot production of its solid state batteries early next year. The new production facility will be dedicated to manufacturing one of the company’s flagship products, a sulfide-based solid electrolyte material, by up to 25 times its… Continue reading Solid Power expands production capacity to deliver test batteries to BMW, Ford in 2022
Renault will seek to extend the 2035 EU ICE ban to 2040
During IAA Mobility in Munich this week, an executive for Renault Group stated plans to seek an extension of the recently proposed 2035 ban of all internal combustion engine (ICE) vehicle sales in the EU. According to the report, Renault wants an extension to around 2040 in order to provide more affordable cars to consumers… Continue reading Renault will seek to extend the 2035 EU ICE ban to 2040
Intel’s Mobileye, rental giant Sixt to launch a robotaxi service in Germany next year
Intel subsidiary Mobileye and rental car giant Sixt SE plan to launch a robotaxi service in Munich next year, the CEOs of the two companies announced Tuesday during the IAA Mobility show in Germany. The robotaxi service is leveraging all of Intel’s, and more specifically Mobileye’s, assets that have been in development or purchased in… Continue reading Intel’s Mobileye, rental giant Sixt to launch a robotaxi service in Germany next year
Tesla is planning for a wider release of its controversial ‘Full Self-Driving’ software
Nearly a year after Tesla started testing its controversial “Full Self-Driving” (FSD) beta software with a select group of customers, the company’s CEO Elon Musk said he is aiming for a wider release by the end of September. The news comes as an older version of the software leaked online. Musk said on Twitter that… Continue reading Tesla is planning for a wider release of its controversial ‘Full Self-Driving’ software
Bangladesh’s B2B commerce startup ShopUp announces $75m round led by Valar Ventures
Bangladesh-based business-to-business (B2B) commerce startup ShopUp on Tuesday announced it has raised $75 million in a Series B round led by Valar Ventures. DealStreetAsia had first reported the details of the funding round, including the lead investor and other backers, last week. ShopUp, which is focused on digitalising mom-and-pop shops in the country, raised funds… Continue reading Bangladesh’s B2B commerce startup ShopUp announces $75m round led by Valar Ventures
How Slack changed Apple’s employee culture, with Zoë Schiffer
Apple has had a lot going on lately: we did a whole episode about the controversial child protection photo-scanning features, which have now been delayed. A law in South Korea might force the company to change how App Store payments work; the company settled a Japanese case about the App Store recently, as well as… Continue reading How Slack changed Apple’s employee culture, with Zoë Schiffer
Tesla Gigafactory Texas attracts suppliers as production nears
A new report shows that several known Tesla suppliers are showing in Texas as the automaker is about to start production at its Gigafactory in Austin. Tesla Gigafactory Texas is an important project for the automaker. It is the first vehicle factory that Tesla is building from the ground up in the US. The automaker… Continue reading Tesla Gigafactory Texas attracts suppliers as production nears
Asia Digest: Loan platform Jeff App, Pakistan’s Truck It In bag funds in extension rounds …
Loan brokerage platform Jeff App has raised $1.5 million and plans to expand its business outside of Vietnam. Meanwhile, Pakistan-based Truck It In has completed its pre-seed round at $4.5 million. Fintech startup Jeff App nets $1.5m for SE Asia expansion Jeff App, a Latvian loan brokerage platform that has operations in Vietnam, has bagged… Continue reading Asia Digest: Loan platform Jeff App, Pakistan’s Truck It In bag funds in extension rounds …
BP Ventures invests $11.9M in in-car payments provider Ryd to support expansion
BP Ventures, the investing arm of oil and gas giant BP, has announced a €10 million (~$11.9 million) investment in Ryd, a German in-car digital payments provider. The fresh funds will help Ryd expand its service into international markets and build out its offering, according to a statement. Ryd’s service allows users to lump together… Continue reading BP Ventures invests $11.9M in in-car payments provider Ryd to support expansion