Toyota, the Japanese auto manufacturer has announced that it will be investing $8 billion USD into its new electric vehicle (EV) battery factory located in North Carolina, USA. This investment will help increase the production capacity of the plant and introduce about 30 battery electric models by 2030. The report further mentions that an additional…
Tesla Welcomes Subaru to EV Superchargers
Subaru is an automobile manufacturing company with its headquarters in Shibuya, Japan. It is a division of Subaru Corporation, a multinational conglomerate that specializes in aerospace transportation manufacturing. The company’s aerospace subsidiary is a defense contractor to the Japanese government. According to recent reports, Subaru Corporation has reached an agreement with Tesla to adopt its…
Canada bans WeChat from Government Devices
WeChat is a Chinese social media, instant messaging, and mobile payment app developed by Tencent. It is a popular application in China and Southeast Asia, and has been described as the “everything app.” First released in 2011, it became the world’s largest standalone mobile app in 2018 with over 1 billion monthly active users. According…
Best Buy Recalls 930,000 Pressure Cookers
Best Buy is a multinational consumer electronics retailer that was founded in 1966 as a stereo vendor named Sound of Music. The company is headquartered in Minnesota, USA, with its business operations spanning across the United States and Canada. The company previously operated in China, Europe, and Mexico, but exited due to different reasons. According…
BP Pulse and Tesla Partnership
BP Pulse, also referred to as chargemaster limited, is a manufacturer and supplier of electric vehicle charging infrastructure. Founded in 2008, the company is headquartered in Milton Keynes, England and boasts of the largest EV charging network in the country. BP Pulse is a subsidiary of BP, a multinational oil and gas exploration company founded…
Google: $2 Billion Anthropic Investment
Anthropic is an artificial intelligence company that specializes in the development of artificial general intelligence (AGI) systems and neural networks, including large language models (LLM). According to recent reports, Google, which is already an investor in Anthropic, will invest an additional $2 billion USD in the company. This new investment deal will enhance the company’s…
Mitsubishi ends Production in China
Mitsubishi Motors Corporation is a multinational automobile manufacturing company founded in 1970. With its headquarters in Tokyo, Japan, the company held the spot of 19th largest automaker in 2011. Nissan supposedly owns about 34% of Mitsubishi. According to a recent announcement by the company’s CEO Takao, production of Mitsubishi vehicles will be terminated in China,…
Automattic: $50 Million texts.com Deal
Automattic Inc is a private software company founded in 2005 with its flagship product as WordPress.com, a web building and self-publishing platform. WordPress.com is not to be confused with WordPress, the later is a standalone web content management system founded in 2003. Automattic is headquartered in California, USA, and is reportedly valued at over $7…
Samsung SDI & Hyundai EV Battery Deal
Samsung SDI Corporation is a battery and electronics hardware manufacturer that specializes in energy solutions and electronic component production. The company is a subsidiary of Samsung Group, with its headquarters in Yongin, South Korea. According to recent reports, Samsung SDI has entered into a partnership with Hyundai Motor Company to aid the supply of electric…
Tesla Welcomes Toyota to EV Superchargers
Toyota Motor Corporation is a Japanese multinational automotive corporation that was incorporated in August 1937. As of December 2020, Toyota was the biggest company in Japan and the 9th largest company by revenue in the world. Producing about 10 million vehicles annually, the company boasts of being one of the largest automobile manufacturers globally. According…