The Chinese internet government declared on Sunday that Micron Technology Inc.’s goods had failed an examination of their network security and that users of critical infrastructure would no longer be allowed to purchase their products. According to China’s expansive definition… Read More ›
Entrepreneurship
A Battery Shortage Could Hamper GM’s 2025 EV Production Targets
General Motors has stated that it will have the capacity to create one million electric vehicles in North America by 2025, but a delayed ramp-up of its three U.S. battery operations could limit actual EV production to less than 600,000… Read More ›
Tesla Discusses Auto Incentives And Battery Production With India
According to a person with direct knowledge of the negotiations, Tesla Inc. has spoken with officials regarding incentives granted by India for the manufacture of cars and batteries as the automaker reconsiders its entry into the Indian market. According to… Read More ›
AI Will Be Used To Sway Elections, Says A Concerned CEO Of OpenAI
Using artificial intelligence to tamper with election integrity is a “significant area of concern” that requires regulation, said the CEO of OpenAI, the startup behind ChatGPT, told a Senate hearing on Tuesday. “I am nervous about it,” CEO Sam Altman said… Read More ›
World’s First Detailed Crypto Laws Approved By The EU
Member states if the European Union approved the world’s first complete set of laws to regulate cryptoassets on Tuesday, putting pressure on countries such as the United Kingdom and the United States to come up. An EU finance ministers meeting… Read More ›
VinFast, A Vietnamese EV Manufacturer, Will List In The United States Through A SPAC
VinFast, a Vietnamese electric vehicle manufacturer, announced on Friday that it will list in the United States through a combination with special purpose acquisition company (SPAC) Black Spade Acquisition Co. The move comes after the firm said last month that… Read More ›
France Secures A Battery Gigafactory Through Vigorous Lobbying And Incentives
France edged out rivals such as Germany and the Netherlands for ProLogium’s first foreign car battery facility, thanks to President Emmanuel Macron’s campaigning, deal sweeteners, and strong competitive rates, according to Taiwanese company executives. ProLogium announced this week that it… Read More ›
Saudi Arabia’s EV Strategy Is In Trouble Due To Severe Losses
In Saudi Arabia, Lucid’s electric vehicles are frequently publicly shown at public gatherings and business conferences as a representation of the country’s multibillion-dollar “Vision 2030” initiative by the crown prince. The Public Investment Fund (PIF) of Saudi Arabia, which has… Read More ›
Japan’s Declining Salaries And Declining Expenditure Put More Pressure On The Economy
Consumer spending in Japan unexpectedly decreased in March at the sharpest rate in a year, and real incomes fell for the twelfth consecutive month due to high inflation, underscoring the difficulties facing the economy in constructing a robust post-COVID recovery…. Read More ›
Companies In Europe Are Laying Off Workers As The Economy Struggles
Companies across Europe have been forced to lay off workers or stop hiring due to decades of high prices and the impact of the Ukraine war. Since January, the following companies have announced layoffs: AUTOS * STELLANTIS: the manufacturer of… Read More ›