Tesla further develops Shangai Gigafactory as it continues to hunt for a new design director
Jan 12, 2021 06:15 am UTC| Business Economy
Tesla is further developing its Gigafactory in Shanghai, China. The leading electric car company is expanding by building additional buildings on the eastern side of the plants compound. Electrek mentioned that this...
Ford shuts down its Brazil manufacturing plants amid the COVID-19 pandemic
Jan 12, 2021 04:59 am UTC| Business Economy
Ford Motor Co. announced its decision to close down three of its manufacturing plants in Brazil. The multinational automaker stated on Jan. 11 that it would end its production in the said South American region. Ford to...
Kia Motors' brand image to take a hit in China due to recall of electric vehicles
Jan 11, 2021 23:19 pm UTC| Economy Business
Kia Motors will recall 309 of its KX3 electric vehicles (EV) in China due to possible malfunctioning of the integrated electronic brakes (IEB) systems, which makes its brake pedal heavy when the warning lamp becomes...
Japan's share in S. Korean auto market dwindles to 1.1% mainly due to unattractive design
Jan 11, 2021 22:55 pm UTC| Economy Business
Japanese automakers accounted for about 20,500 out of the over 1.89 million cars in South Korea in 2020, dropping their market share to 1.1 percent due to their declining attractiveness and a boycott of Japanese...
Search giant Baidu teams up with Volvo-owner Geely to build electric vehicles
Jan 11, 2021 15:26 pm UTC| Economy Business
Chinese search giant Baidu will begin manufacturing electric vehicles and has tapped Chinas largest privately-owned carmaker Geely to invest as a strategic partner. The said move is the latest by a tech company to...
Increasing investments a sign of confidence in Hong Kong: Commerce Sec
Jan 11, 2021 14:16 pm UTC| Economy
International businesses continue to show confidence in Hong Kong as proven by the higher number of investments coming in than leaving, according to the financial hubs Secretary for Commerce and Economic Development,...
Indonesia's deadly aviation record under fresh scrutiny after Sriwijaya Air crash
Jan 11, 2021 08:52 am UTC| Economy Business
Indonesias stature as the worlds deadliest aviation market is back in the spotlight after a Sriwijaya Air jet crashed into the Java Sea minutes after take-off on Saturday, killing 62 passengers. The accident was the...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects