Nio plans to build its first battery plant in China to produce big cylindrical cells similar to those used by Tesla, two people familiar with the matter said, as the Chinese EV maker seeks to cut its reliance on CATL for supplies. The plant underscores Nio’s ambition to ramp up its presence in the electric […]
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Elon Musk will confront a critical challenge during Tesla’s Investor Day on March 1: Convincing investors that even though rivals are catching up, the electric-vehicle pioneer can make another leap forward to widen its lead. Tesla Inc was the No. 1 EV maker worldwide in 2022, but China’s BYD and others are closing the gap […]
European Commission Vice President Valdis Dombrovskis will head to Washington next month for more talks about the U.S. Inflation Reduction Act (IRA), he said on Thursday, adding that discussions are unlikely to solve all the EU’s concerns about the law. Dombrovskis, the European Union’s commissioner for trade, said progress was being made in some areas […]
If you’re looking to optimize your corporate card spending, there are various things you can consider to help you more accurately outline your business corporate card spending policy, and ensure your company is managing card spending effectively. In this article, we’ve put together five of the best practices to help you manage corporate card spending. […]
It often happens while I’m scrolling on social media, an ad for a magically fat loss product pop out of nowhere. I assume you’re nodding and saying, “I know, right? it happened to me, too as well.” Social media can enter our minds and trigger any mental illness or insecurity. The use of photoshopped images […]
Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson’s move would be the largest layoff to hit […]
A 77-year-old factory in a hard-luck Ohio town sputtered into high gear to produce a new line of electric garbage trucks. A short drive away, construction began on a $20 billion plant that will take pizza-sized silicon wafers and make them into computer chips used in everything from data centers to cars. The two Ohio […]
There is no clear winner in the french telecom sector. Yet one operator may be ahead in the race. It is not over yet. Telecom wars are more of a marathon, and the french telecom scene is no different. While Orange is a legacy name with significant backing and funds, SFR is still doing well. […]
China’s Ministry of Science and Technology said on Friday said it saw the potential of ChatGPT-like tech and would be pushing for the integration of artificial intelligence into Chinese society and the economy. “(This technology) has the potential to be applied in many industries and fields,” Chen Jiachang, who heads the ministry’s high-tech department, told […]
More than 20 companies in the burgeoning carbon removal industry on Thursday launched a coalition that will lobby the U.S. government for new policies to help commercialize the nascent technology, which has received a flood of private investment in recent years. The CRA will represent companies developing technologies to remove carbon emissions, buyers of credits […]