Q2 Sees Faraday Future’s Net Loss at $125 Million, Company Stays Committed to 2025 Profitability
August 22, 2023 – In the latest quarterly report, Faraday Future announced a notable reduction in its losses, signaling a promising shift towards profitability. For the second quarter ending on June 30th, the company reported a loss of $124.9 million, or 10 cents per share, a significant improvement compared to the $141.7 million loss, or…
Fisker Expands into the Chinese Market with Shanghai as its First Delivery Center
June 20, 2023 – American automaker Fisker, known for its innovative electric vehicles, is expanding its reach into the Chinese market. Henrik Fisker, the founder, chairman, and CEO of Fisker, along with the executive team, recently visited Shanghai Lingang Group during their trip to China. The company has set its sights on establishing its first…
Empowering the Next Generation: Japan’s Plan to Educate Youth in Battery Manufacturing, Backed by Panasonic and Toyota
June 30, 2023 – Japan Tackles Labor Shortage in the Electric Vehicle Battery Industry Amidst the evolving landscape of the electric vehicle (EV) market, Japan is taking proactive measures to address the persistent labor shortage in the industry. Recognizing the pressing need for skilled workers in battery production, the Japanese government, in collaboration with trade…
Sony’s Official Poster Teases New PS5 Pro, Matching Leaked Designs
September 06, 2024 – Sony marked the 30th anniversary of PlayStation with a poster reveal yesterday, teasing the silhouette of a new gaming console. The background image of the poster featured a design resembling the PS5, embellished with diagonal lines, hinting at a possible upgrade. Previous reports have indicated that leaked sketches of the PS5…
Dictador’s Groundbreaking Move: AI Robot Mika Takes the Helm as CEO
September 18, 2023 – In a bold move, Dictador, a Polish alcoholic beverage company, has appointed an artificial intelligence robot named Mika as its Chief Executive Officer. Mika, resembling a human in physical stature except for its wheeled feet, has been at the helm since August last year. Her responsibilities include overseeing Dictador’s Arthouse Spirits…
Tesla Faces Another Key Departure: Dojo Supercomputer and TTPoE Lead Quits
October 21, 2024 – Tesla has recently witnessed another significant change in its upper management ranks as Eric Quinnell, the engineer spearheading the Dojo AI supercomputer project, announced his departure from the electric vehicle giant. Quinnell took to LinkedIn to share the news of his exit, expressing “heavy heart” emotions as he bid farewell to…
Amazon Delays Five-Day RTO Policy Due to Limited Office Space
December 18, 2024 – Amazon has decided to postpone the implementation of a new strict RTO (Return to Office) policy for some employees due to insufficient office space in certain regions, according to a report by Business Insider on the 17th. The real estate team at Amazon has recently begun notifying employees that they can…
Tesla, BYD, Stellantis, and Volkswagen Face Italian Investigation for Potentially Deceptive EV Marketing
February 23, 2025 – The Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato, AGCM for short) has recently launched investigations into four automobile manufacturers: Tesla, BYD, Stellantis, and Volkswagen, accusing them of suspected unfair business practices. According to the AGCM, these four carmakers are charged with providing misleading information to consumers regarding the…
TSMC Revealed to Massively Boost U.S. Investment with At Least Five More Chip Foundries
January 13, 2026 – According to reports from The New York Times, Taiwan Semiconductor Manufacturing Company (TSMC) is set to significantly ramp up its investment in the United States, with plans to construct additional chip – making facilities. Sources familiar with the matter revealed that as part of the agreement, TSMC will pledge to build…
Samsung Taps High School Talent to Bolster R&D Amid Skills Gap
September 30, 2024 – According to a report by Nikkei Asia, Samsung Group is intensifying its recruitment efforts among high school graduates as the labor market for highly skilled talent in South Korea tightens. The company is assigning these graduates not only to production lines but also to research and development departments, aiming to elevate…