Panasonic Shifts Focus: Exiting Lead-Acid Battery Production, Embracing EV Lithium-ion Batteries

June 1, 2023 – Panasonic Takes a New Direction, Focusing on Lithium-ion Battery Production for Electric Vehicles In a strategic move, Panasonic Corporation announced on May 31 that its subsidiary, Panasonic Energy, has officially withdrawn from lead-acid battery production. Instead, the company will concentrate its operational resources on the production of lithium-ion batteries for electric…

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Geely and Renault Forge Joint Venture in the UK to Drive Sustainable Automotive Solutions

July 12, 2023 – Chinese Automaker Geely and French Carmaker Renault Establish Joint Venture in the UK In a significant move towards sustainable automotive technology, Chinese automaker Geely and French carmaker Renault announced yesterday the formation of a new joint venture company. With the aim of developing the next generation of efficient and eco-friendly hybrid…

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US Government Pledges Up to $50 Million to Boost HP’s Microfluidic Semiconductor Factory

August 28, 2024 – In a landmark move, the United States Department of Commerce and Hewlett-Packard (HP) inked a non-binding preliminary memorandum yesterday, outlining plans to channel up to $50 million in direct funding from the Chips and Science Act towards HP’s endeavors. This strategic allocation targets HP’s microfluidic semiconductor facility in Corvallis, Oregon, with…

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