In a report the Financial Times said citing sources familiar with the matter at hand, Britain is in talks with 6 companies for building gigafactories which will produce batteries for electric vehicles. According to the report, Nissan Motor Co Ltd,… Read More ›
On Friday, in a statement, Germany’s Economy and Transport ministries stated, Berlin will invest more than $9.74 billion (8 billion euros) in large scale hydrogen projects, in an effort to scale up hydrogen as an alternative to polluting fossil fuels… Read More ›
On Friday, while adding an event via a video link, Elon Musk said Tesla was close to establishing a presence in Russia and was looking at options to see whether it could open a factories in the country. While Tesla… Read More ›
In a statement, Vietnam’s People’s Committee of the northern province of Bac Giang ordered four industrial parks, including three which house the production facilities of Taiwan’s Foxconn to temporarily shut down because of a COVID-19 outbreak. The People’s Committee said these… Read More ›
In a report consulting firm AlixPartners said, the global shortage of semiconductors is likely to cost automakers $110 billion in lost revenues in 2021, up from a previous estimate of $61 billion. It expects the crisis to effect the production… Read More ›
In a significant development, German Chancellor Angela Merkel’s government has agreed with the aviation industry and regional authorities on a roadmap for the development and use of “green” aviation fuel. The aim of the plan is to ensure that starting… Read More ›
Late of Sunday, Emergent BioSolutions Inc said, a key U.S. agency has increased an order related to the manufacturing of Johnson & Johnson’s COVID-19 vaccine, by $23 million. “The amount will be used to purchase biologics equipment specific to J&J’s… Read More ›
In a tweet Tesla Inc’s CEO Elon Musk said supply constraints related to battery cells are making it harder for the company to scale up production of its long-delayed Tesla Semi electric commercial truck. “Demand is no problem, but near-term… Read More ›
On Tuesday, in a statement South Korea’s Hyundai Motor Co said, production at its Ulsan number one plant in South Korea would be suspended from April 7 to 14 due to supply issues with electrical components and a shortage of… Read More ›
On Monday, in a statement Royal Dutch Shell proposed that the pay of its directors should be more closely linked to group’s climate performance and cut off the link between bonuses and liquefied natural gas (LNG) production volumes. The development… Read More ›
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