Northvolt Announces Global Layoff of 20% Amid Funding Challenges
September 24, 2024 – Northvolt AB, a prominent Swedish battery manufacturer, has announced plans to reduce its global workforce by 20% and halt the expansion of its main factory in northern Sweden. This decision comes as a response to a funding crisis triggered by the slowing demand for electric vehicles. The layoffs, affecting 1,600 positions,…
Adopting Apple’s Platform Tactics: Samsung Galaxy S26 Series Revealed with Diverse AI Assistant Options and Skills
July 31, 2025 – During a recent interview with Bloomberg, Won-Joon Choi, the head of Samsung’s smartphone division, revealed that future Galaxy smartphones will offer users a wider array of AI models and capabilities. Bloomberg interpreted this announcement as a sign that Samsung is set to follow in Apple’s footsteps with its upcoming Galaxy S26…
Revolutionizing AI: Tesla’s Expanding Role for TSMC’s Dojo D1 Chips
September 26, 2023 – Tesla Ramps Up Orders for Custom Dojo D1 Supercomputer Chips In a move that underscores Tesla’s commitment to enhancing its artificial intelligence capabilities, reports from Taiwan’s “Economic Daily News” suggest that the electric vehicle giant is significantly increasing its orders for Dojo D1 supercomputer chips, specially designed for its in-house Dojo…
Panasonic Delays Commercial Production of 4680 Battery Cells for Tesla
May 11, 2023 – Amidst the ever-evolving landscape of Tesla’s endeavors, Panasonic, a key supplier for the electric vehicle manufacturer, has announced a significant delay in the commercial production of the highly anticipated 4680 battery cells. The company now plans to commence production between April and September 2024, a departure from their previous schedule. This…
Football-Playing Humanoid Robot Helps Accelerated Evolution Net Major Investment
September 12, 2024 – Humanoid robot company “Accelerated Evolution” has recently completed a 100 million yuan Pre-A series funding round. The investment was jointly made by PeerTimes, Minsheng Bank International, Zhongguancun Science City, and iCANX Fund, with follow-on investment from existing investor InnoAngel. The funds will primarily be used for developing a universal robot body…
Comparing Maintenance Expenses: Electric Cars vs. Gasoline Cars, Tesla Excluded
November 02, 2023 – Electric Vehicles and Maintenance Costs According to a report from the French media outlet Frandroid, the current cost of purchasing an electric vehicle is generally higher than that of traditional gasoline-powered cars. However, when it comes to maintenance costs, the story appears to be different, except for Tesla. A study by…
Volvo Takes the Lead: Full – Range Models to Integrate Gemini AI Chatbot First with Google Collaboration
May 22 2025 – At the recent Google I/O Developer Conference, Google unveiled its plans to integrate the AI chatbot Gemini across a wide range of devices, and the automotive sector was among the key targets. Volvo Cars has now stepped forward, declaring its ambition to be the first automaker to bring this cutting-edge technology…
Nissan Unveils Hyper Adventure EV: A Rugged Concept for Outdoor Enthusiasts
October 11, 2023 – Prior to their upcoming participation in the Tokyo Motor Show at the end of this month, Nissan has unveiled their second concept car set to debut at the event: the Hyper Adventure EV, designed with outdoor enthusiasts in mind. In a press release on Monday and during an event at their…
Toyota Aims to Establish First R&D Center in India with 1,000 Engineers by 2027
March 23, 2025 – Toyota Motor Corporation is setting up its maiden research and development center through its Indian subsidiary, marking a significant rise in the importance of the Indian market within Toyota’s global strategy, according to Bloomberg sources with knowledge of the matter. The new R&D facility, located in Bangalore, will initially operate with…
Tesla’s Secretive Test Vehicle Emerges—Is the Budget-Friendly Car Ready for Trials?
May 14 2025 – Tesla has remained tight-lipped about its “more affordable vehicle” slated for production in the first half of 2025. However, recent aerial footage captured by long-time observers of the Giga Texas factory in the Lone Star State has revealed a mysterious test vehicle on the premises. Joe Tegtmeyer, a drone operator who…