BEIJING — The vehicle has no steering wheel nor a gas or brake pedal, but the AI-loaded concept dubbed “robocar” unveiled Wednesday by Baidu, the Chinese company best known for its search engine, showcases its advances in an eight-year effort to develop autonomous-driving technology. The debut of the futuristic car coincides with Baidu’s renewed push to produce electric vehicles through… Continue reading AI-packed ‘robocar’ puts Baidu in the self-driving fast lane
Tag: Financial Results
Autos & Transportation · 4:05 PM UTCCOVID-fuelled semiconductor crunch chips away at carmakersIn grim warnings this week, major carmakers including To…
A car is pictured at the Toyota assembly plant in Zarate, on the outskirts of Buenos Aires, Argentina March 15, 2021. REUTERS/Agustin Marcarian LONDON, Aug 19 (Reuters) – In grim warnings this week, major carmakers including Toyota (7203.T) and Volkswagen (VOWG_p.DE) offered fresh evidence that the auto industry remains firmly in the grip of an… Continue reading Autos & Transportation · 4:05 PM UTCCOVID-fuelled semiconductor crunch chips away at carmakersIn grim warnings this week, major carmakers including To…
Despite widening losses, analysts and retail investors bet big on Sea Ltd
The shares of Singapore-based Sea Ltd have continued their northward journey on the New York Stock Exchange (NYSE), despite the e-commerce and gaming giant reporting a widening of losses in the second quarter (Q2) of this year. Sea Ltd’s shares closed at $318.61 apiece on Wednesday, following the group’s quarterly results announcement, up more than… Continue reading Despite widening losses, analysts and retail investors bet big on Sea Ltd
RBC or ETN: Which Is the Better Value Stock Right Now?
Investors interested in Manufacturing – Electronics stocks are likely familiar with Regal Beloit (RBC) and Eaton (ETN). But which of these two companies is the best option for those looking for undervalued stocks? Let’s take a closer look. We have found that the best way to discover great value opportunities is to pair a strong… Continue reading RBC or ETN: Which Is the Better Value Stock Right Now?
Toyota Plunges as Chip Shortage Forces September Output Cut
(Bloomberg) — Toyota Motor Corp. slumped as much as 4.7% as the worsening chip shortage saw the world’s No. 1 automaker suspend output for several days at almost all its plants in Japan next month, forcing a 40% cut in production plans. Adjustments will be made to the production operations of plants for completed vehicles… Continue reading Toyota Plunges as Chip Shortage Forces September Output Cut
ALYI Expects To Begin Generating EV Rideshare Revenue This Year Entering $16 Billion Motorcycle Taxi Market
DALLAS, Aug. 19, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today confirmed that it expects revenue from its Electric Vehicle (EV) Rideshare Business to start before the end of 2021. The company added today that it intends to publish a specific revenue target in approximately three weeks from now, shortly after Labor Day which… Continue reading ALYI Expects To Begin Generating EV Rideshare Revenue This Year Entering $16 Billion Motorcycle Taxi Market
Battery power capacity in the US grew big time in 2020
2020 was a big year for big batteries in the US, which is crucial for getting grids to run on more renewable energy. Power capacity — a measure of how much power a battery can instantly discharge — for large-scale batteries grew at an unprecedented pace in the US last year, according to an annual… Continue reading Battery power capacity in the US grew big time in 2020
Global funds are pessimistic about Apple, Amazon, Microsoft, Tesla, and other stocks, Bank of America says. These are the 10 they’re piling into instead.
Bank of America notes that stocks that funds are overweight in tend to outperform, and vice versa. Chinese stocks saw massive outflows from funds in July as regulatory pressures ramped up. Here are the 10 stocks that funds are most overweight in right now, according to Bank of America. See more stories on Insider’s business… Continue reading Global funds are pessimistic about Apple, Amazon, Microsoft, Tesla, and other stocks, Bank of America says. These are the 10 they’re piling into instead.
Superior Interior Trim Enhancement in Automotive Aesthetic Influencing Consumer Spending on Passenger Vehicle upgrades
NEW YORK, Aug. 19, 2021 /PRNewswire/ — Global automotive trim part sales are set to be valued to around US$ 58 Bn in 2031, according to latest research by Persistence Market Research, a research and consulting firm. The report estimates the market to expand at a steady CAGR of 4% through the course of 2021-2031.… Continue reading Superior Interior Trim Enhancement in Automotive Aesthetic Influencing Consumer Spending on Passenger Vehicle upgrades
China Evergrande in talks with Xiaomi consortium to sell EV unit stake
Embattled Chinese property developer Evergrande Group is in talks with smartphone maker Xiaomi and Shenzhen state-backed investment firms as it looks to sell part of a 65% stake in its electric vehicle (EV) unit, three sources said. The Evergrande New Energy Vehicle (NEV) Group had a market capitalisation of $12.5 billion on Thursday and one of the sources said… Continue reading China Evergrande in talks with Xiaomi consortium to sell EV unit stake