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…
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…
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…
Google’s AR Team Faces Leadership Shake-Up as Head Departs
July 11, 2023 – In a surprising turn of events, Mark Lucovsky, the head of Google’s Augmented Reality (AR) operating system team, has announced his resignation due to Google’s wavering commitment to AR. Lucovsky’s departure underscores the company’s recurring pattern of launching new initiatives only to abandon them within a relatively short span of time….
Samsung’s Galaxy A35 5G: Unveiling the 120Hz Infinity-O Display
November 23, 2023 – According to reports from the international media outlet MySmartPrice, Samsung is gearing up to launch the Galaxy A35 5G in the first quarter of the upcoming year. The front of the device is set to feature a sizable 6.6-inch Infinity-O display with a high refresh rate of 120Hz. Revealed details indicate…
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…
Intel Corporation Announces Strategic Divestment of Mobileye Shares
June 6, 2023 – In a significant development, Intel Corporation has made a strategic move by divesting 35 million Class A shares of Mobileye, a renowned Israeli autonomous driving technology company. With a total value of approximately $1.5 billion (equivalent to around 10.65 billion Chinese yuan at current rates), this decision has resulted in a…
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…
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…
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…