Industrial Innovations

03 Dec 2024

US proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture

The U.S. Energy Department said Monday it is planning to loan up to $7.54 billion to a joint venture of Chrysler parent Stellantis and Samsung SDI to help build two electric vehicle lithium-ion battery plants in Indiana.

Telefonica Germany tests quantum technologies in pilot with AWS

28 Nov 2024

Telefonica Germany and Amazon Web Services (AWS) are working on a pilot to test quantum technologies in the telecom operator’s mobile network, executives from the two companies said.

French genAI startup LightOn rises on market debut

27 Nov 2024

Shares of LightOn, Europe’s first listed genAI startup, rose as much as 9% on their debut on the Euronext Growth market in Paris on Tuesday.

Pony AI's $260 million IPO gauges U.S. investor appetite for Chinese firms

27 Nov 2024

China’s Pony AI said on Wednesday it had raised $260 million in its U.S. initial public offering, valuing the robotaxi startup at around $4.55 billion, the latest to bank on improved investor sentiment in U.S. markets.

Huawei launches Mate 70 smartphone as new US chip curbs loom

26 Nov 2024

Chinese tech giant Huawei Technologies unveiled its Mate 70 smartphone series on Tuesday, marking a significant step in its premium smartphone comeback while showcasing its own operating system in a clean break away from U.S. technology.

21 Nov 2024

Exclusive-Huawei aims to mass-produce newest AI chip in early 2025, despite US curbs, sources say

China’s Huawei plans to start mass-producing its most advanced artificial intelligence chip in the first quarter of 2025, even as it struggles to make enough chips due to U.S. restrictions, said two people familiar with the matter.

STMicroelectronics delays long-term targets to 2030

20 Nov 2024

STMicroelectronics (ST) pushed back its long-term financial forecasts on Wednesday, following three guidance cuts this year, amid a slump in markets for the industrial and automotive chips it makes.

Stellantis unveils technology to support flexible EV production, delays Ram electric pickup

19 Nov 2024

Stellantis said on Tuesday it will deploy a new vehicle system that will support assembly of gasoline, hybrid and electric models, but in a sign of how turbulent the electric-vehicle transition is, the automaker also delayed production of Ram electric pickup trucks.

South Korean LG Display to invest additional $1 billion in Vietnam, local govt says

15 Nov 2024

Vietnam has awarded a licence to South Korea’s LG Display that will see it raise its investment in the northern port city of Haiphong by $1 billion, the city’s authorities said late on Thursday.

Lenovo plans global factory expansion as Q2 results beat; eyes AI growth

15 Nov 2024

Lenovo will further diversify its supply chain and plans to open more manufacturing facilities outside China amid global geopolitical uncertainty, Chairman Yang Yuanqing said.

Volkswagen investment chief steps down from Northvolt board

12 Nov 2024