In a significant development that marks the return of General Motors Co to the rare earth industry, the US automaker now plans on sourcing rare earth magnets for its future line of electric vehicles from new U.S.-based manufacturing facilities under two… Read More ›
Jay Y. Lee, the vice chairman of Samsung Electronics is visiting North America following an imminent decision by the company to build a $17 billion US plant in the U.S. Lee is scheduled to visit the Unites States and Canada. Earlier… Read More ›
According to three sources familiar with the knowledge at hand, Apple Inc’s negotiations with China’s BYD and CATL over battery supplies for its planned electric vehicle have stalled after the Chinese company refused to set up teams and build U.S. plants… Read More ›
In a statement, the mayor of Florida said, Elon Musk’s Boring Company has submitted a bid to build an underground transit system between downtown and the beach in Fort Lauderdale. “This could be a truly innovative way to reduce traffic… Read More ›
Late on Thursday, Japan’s Nikkei reported, Amazon.com Inc is negotiating to build a renewable power plant in Japan with Japanese power utilities and trading houses, in order to procure clean energy for its local data centers. The tech giant is… Read More ›
According to two sources familiar with the matter at hand, the U.S. State Department has informed European companies that those helping to build Russia’s Nord Stream 2 gas pipeline face sanction risks. “We are trying to inform companies of the… Read More ›
On Tuesday, ArcelorMittal SA and Nippon Steel Corp will spend $775 million to build an electric arc furnace at their U.S. joint venture in Alabama. They plan on starting a production during the first half of 2023, said Nippon Steel…. Read More ›
The new international airport, which will be built over a 50 year concession period, will cater to 100 million passengers per year. On Wednesday, as per a government official from Philippines, San Miguel Corp, a conglomerate is set to win… Read More ›
Faced with sluggish iphones sales in China, Apple is now trying to replicate the success it met in Bengaluru, India, with China. Cupertino aims to start training Chinese developers to create apps in order to build its services business in… Read More ›
Thyssenkrupp did not disclose the value of the deal. On Friday, German industrial conglomerate Thyssenkrupp stated, it has been selected by Brazil’s navy along with domestic aircraft maker Embraer to build four corvettes. “We are very honored by the Brazilian… Read More ›
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