As the world increasingly focuses attention on climate change, Roland Busch, the CEO of Siemens AG, says his company is well-positioned to help manage the challenges. Munich-based Siemens specializes in making buildings, factories and railroads more efficient through digitalization and automation. And its medical unit includes technology that could lead to faster treatments for stroke […]
Search results for "electric vehicle "
Chinese telecom Huawei agreed earlier this week to sign a 4G patent license agreement with the German car manufacturer Volkswagen. The decision – which joins two U.S. sanctioned companies — is considered one of the biggest patent licensing agreement Huawei provides within the auto making industry. As per the deal, the telecom titan’s 4G mobile […]
Chinese budget smartphone maker Xiaomi is set to raise around $1.2 billion from debt issuance, with $800 million worth of bonds due for payment in 2031 with a coupon of 2.87 percent per year, a regulatory filing said. The move comes at a tricky time as other Chinese tech companies have seen themselves pitted in a government crack down led […]
Didi Global Inc., a Chinese ride-hailing service, gained 1% Wednesday in its highly anticipated U.S. stock market debut, giving up most of a early double-digit gain. The Beijing-headquartered company’s initial public offering of 288 million shares was priced at $14 a share and opened at $16.65, up 16%. The shares closed at $14.14. Prior to […]
Just around one month ago, Tesla stopped accepting Bitcoin as payment for vehicles citing precisely environmental concerns as the main reason. The reason for this is that Bitcoin, and in fact, most cryptocurrencies, use an energy exhaustive method to mine and complete transaction. The creation of new Bitcoins, or mining, is essentially rewarding the user, […]
A Russian man was sentenced Monday to what amounted to time already served and will be deported after pleading guilty to trying to pay a Tesla employee $500,000 to install computer malware at the company’s Nevada electric battery plant in a bid to steal company secrets for ransom. Egor Igorevich Kriuchkov, appearing by videoconference from […]
The world’s largest truck and bus maker is charting an ambitious zero-emission future and says it’s not that far off – despite higher costs and the current lack of support infrastructure. Daimler AG’s truck division says it plans to shift most of its vehicle development resources to zero-emission vehicles by 2025 and predicts that battery […]
Germany’s only state governor from the rising Green party on Wednesday announced ambitious new climate targets that includes boosting new technologies so that “Tesla will soon only see our tail lights.” The wealthy southwest German state, home to German automakers Mercedes-Benz and Porsche, aims to achieve “net zero” emissions by 2040 — five years earlier […]
California’s Department of Motor Vehicles is reviewing whether Tesla is violating a state regulation by advertising its vehicles as being fully autonomous without meeting the legal definition of self-driving. The department confirmed the review Monday in an email to The Associated Press. State regulation prohibits advertising vehicles for sale or lease as autonomous if they […]
Taking the Los Angeles Metro for his first trip in months, Brad Hudson felt a moment of normalcy when the train rolled into the station in South Pasadena, California, harkening back to his daily commute into LA before the coronavirus pandemic. Then Hudson boarded the train, and reality set in. Not everyone wore masks. Metro […]