Toyota, Honda, Mazda Executives Bow in Apology Over Car Certification Fraud

June 04, 2024 – Following a series of investigations prompted by previous irregularities at Daihatsu Industrial Co., the Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) of Japan announced on June 3rd that it had conducted an investigation into 85 automakers to assess whether there were any irregularities in their mass production certification applications. The…

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Samsung’s Galactic Leap: “Space Factory” Project to Propel South Korea’s Aerospace Industry Forward

May 22 2025 – In recent years, the space sector has witnessed a surge in interest from numerous countries and enterprises, and it appears that Samsung Group is also stepping into this competitive arena. According to reports from South Korean media outlet kedglobal, Samsung C&T has embarked on a project dubbed “Space Factory.” Earlier this…

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CATL Launches First European Factory in Germany

Contemporary Amperex Technology Limited (CATL) is a Chinese battery manufacturer that has launched its first factory in Europe in Arnstadt, Germany. This marks the company’s first factory outside of China. The factory is expected to have an annual production capacity of 30 million cells, enough to assemble 185,000 to 350,000 electric vehicles. The project has…

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Rivian Uncovers: Xiaomi SU7 Reveals China’s Supply Chain Advantage, Cutting Costs by 20%-40%

September 14, 2024 – In a surprising revelation, American electric vehicle upstart Rivian has procured the Xiaomi SU7 for benchmarking purposes, as reported by automotive outlet insideevs on September 12th. The publication hailed the SU7 as the ‘Chinese Apple Car’ in its headline, highlighting the vehicle’s significance. The confirmation came from Rivian CEO RJ Scaringe…

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Microsoft and Oracle Extend Partnership to Supercharge Bing Search Services

November 08, 2023 – In a significant development, Microsoft and Oracle, known for their September announcement of the cloud-based service “Oracle Database Azure,” have now unveiled another partnership aimed at enhancing Microsoft’s Bing search services. Oracle, in a press release, disclosed a new long-term agreement with Microsoft, allowing the tech giant to leverage Oracle Cloud…

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Figure’s Valuation Hits $39.5 Billion in New Funding Round After Parting Ways with OpenAI

February 15, 2025 – According to informed sources quoted by Reuters on the 14th local time, Figure AI, a robotics startup, is in talks with investors to raise 1.5billioninfunding,whichwouldbringthecompany′svaluationto39.5 billion after the financing round. With the rapid development of AI technology, technology giants such as NVIDIA, Meta, and Tesla, along with several startups, are intensifying…

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Toyota Unveils $10 Billion U.S. Investment Plan for Next 5 Years

November 13, 2025 – Toyota Motor Corporation has just made a major announcement, revealing its plan to pour an additional up to 10billionintotheUnitedStatesoverthenextfiveyears.Withthisnewinfluxoffunds,Toyota′scumulativehistoricalinvestmentintheU.S.issettosoartoapproximately60 billion. In a related development, Toyota held a grand opening ceremony for TBMNC, its first self-owned battery manufacturing enterprise outside of Japan. Situated in North Carolina, this facility marks Toyota’s 11th manufacturing…

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