Northvolt Seeks €200 Million in Funding Amid 20% Global Layoffs
October 13, 2024 – According to Reuters, on Friday local time, three informed sources revealed that Northvolt, the Swedish electric vehicle battery manufacturer, is currently engaged in negotiations with investors and lending institutions to raise approximately 200 million euros in short-term funding, aiming to maintain the company’s financial stability. This week, Northvolt initiated financing talks…
Apple iPhone 16 Faces Sales Ban in Indonesia Due to Unfulfilled Investment Commitments
October 12, 2024 – The iPhone 16 series, launched by Apple nearly a month ago, has yet to make its debut in the Indonesian market. According to Agus Gumiwang, Indonesia’s Minister of Industry, the primary reason for this delay is that the iPhone 16 has not secured the necessary TKDN certification. The Minister revealed that…
Apple Seeks Vision Pro User Feedback in Comprehensive Survey
October 12, 2024 – Apple has recently initiated a survey campaign targeted at early adopters of its Vision Pro headset, aiming to delve into users’ satisfaction levels, frequency of use, and other pertinent information. This comprehensive inquiry serves as a pivotal tool for Apple to gather invaluable user feedback and steer future product enhancements. The…
Li Ke of BYD: Competition Fortifies Chinese Automakers, While European Rivals Shun It
October 12, 2024 – In an interview with German media, Li Ke, the Executive Vice President of BYD, asserted that the intense competition in the market has rendered Chinese automakers “exceptionally competitive,” whereas European automakers, on the other hand, are averting competition. Li Ke Li Ke spoke to the Frankfurter Allgemeine Zeitung’s Sunday edition regarding…
Tesla’s Stock Tumbles 8% After ‘Historic’ Announcement; Market Cap Drops by $67 Billion
October 12, 2024 – In the local markets on October 11, Tesla’s shares plunged by 8.78%, closing at 217.8,whichresultedinamarketcapitalizationof695.79 billion. This significant drop wiped out $67 billion from the company’s valuation overnight. The preceding day, on October 10, Tesla unveiled its autonomous taxi and autonomous van models. However, due to the scarcity of detailed information,…
Tesla Unveils Robovan: A Modern Twist on 1930s Art Deco Design
October 12, 2024 – Tesla unveiled its Robovan concept car at an event yesterday, showcasing a sleek and futuristic design that stands apart from the rugged aesthetics of its Cybertruck. Drawing inspiration from the Art Deco trains of the 1930s, such as the 1936 Mercury, CEO Elon Musk revealed that the retro-futuristic theme is evident…
Apple’s Autonomous Car Dreams Halt: California Revokes Testing Permit
October 12, 2024 – Following a report by Bloomberg’s Mark Gurman six months ago stating that Apple had abandoned plans to release an electric vehicle, macReports has revealed that the California Department of Motor Vehicles (DMV) has revoked Apple’s autonomous vehicle testing permit. According to the information, the DMV received confirmation from Apple on September…
Nissan Unveils Affordable V2G Technology for 2026 Launch
October 11, 2024 – Nissan Motor Corporation has unveiled its ambitious plan to introduce cost-effective Vehicle-to-Grid (V2G) technology in certain electric vehicle models starting from 2026. This marks a significant stride towards the company’s vision of a sustainable energy ecosystem. The V2G technology will empower electric vehicle owners to utilize the power stored in their…
Samsung Electronics Initiates Comprehensive Restructuring, Shutting Down LED Business
October 11, 2024 – Samsung Electronics is reportedly undergoing a comprehensive organizational overhaul centered around its manufacturing sites, with plans to deploy research and development (R&D) personnel from its Device Solutions (DS) division, particularly the Equipment Technology Research Institute, directly into its fabrication plants (FABs). According to industry sources cited by Korean media outlet Maeil…
Priced at $132K, First Police Tesla Cybertruck Hits the Road: Taxpayers Protest
October 11, 2024 – The inaugural police Tesla Cybertruck has hit the streets of Irvine, California, sparking controversy among taxpayers due to its hefty price tag of $132,000. This unique Cybertruck boasts customized police graphics, emergency lighting, and a bespoke interior tailored for its new role, with components crafted by Unplugged Performance and Whelen Engineering….