Taiwan’s Foxconn iPhone Maker Buys Failing Lordstown Ohio Electric Truck Plant
Formerly American Owned Lordstown Motors SEE ALSO: EV’s Are Only Built On Wall Street ABC News reported that the agreement with Lordstown gives Foxconn a sprawling manufacturing site where GM built cars for more than 50 years before closing the…
Lordstown stock rallies after report EV maker is poised to sell factory to Foxconn
Lordstown Motors Corp. stock jumped on Thursday after a news report said the electric pickup-truck maker is in talks with Taiwan’s Foxconn Technology Group to sell its factory. Lordstown RIDE, +8.42% shares were recently up more than 7%, poised to end at…
Electric Car Maker Lucid on Track for 2022, 2023 Output Targets, CEO Says | Technology News
CASA GRANDE, Ariz. (Reuters) -Luxury electric car maker Lucid Group is on track to meet its production targets for 2022 and 2023 and is pushing to achieve this year’s goal of 577 vehicles, its chief executive said. The California-based startup,…
Founder of Chinese Car Maker Geely Launches Smartphone Venture | Technology News
By Josh Horwitz and Brenda Goh SHANGHAI (Reuters) – A new venture from the founder of Chinese automaker Zhejiang Geely Holding will aim to release its first smartphone by 2023 and sell 3 million units in its first year, according to a memo seen by…
Micron Slides After Memory-Chip Maker Delivers Weak Forecast
(Bloomberg) — Micron Technology Inc., the largest U.S. maker of memory chips, fell in early trading Wednesday after reporting that slowing demand from personal-computer makers is weighing on its forecast for sales and profit.Sales will be about…
Balmuda’s First Coffee Maker Aims to Give You Professional Drip Brew at Home
Sometimes, powerful things come in small packages. And that’s no less true for a good cup of Joe. Witness The Brew by Balmuda, the Japanese design company’s first coffee maker. Released on Friday after six long years of development, the device uses an…
Reliance Industries in talks to acquire solar panel maker REC Group for $1 billion: Report
© Provided by CNBCTV18 dir=”auto”>Mukesh Ambani-led Reliance Industries is planning to acquire the REC Group, the largest solar panel manufacturer in Europe, from state-run China National Chemical Corp (ChemChina). The acquisition is…
Electric vehicle charger maker Wallbox to establish its first U.S. plant in Arlington
Electric vehicle charging company Wallbox has selected Arlington for its first U.S. manufacturing plant, which will produce hundreds of thousands of car chargers a year by the end of the decade. The Mountain View, Calif.-based company chose Arlington for…
Chinese Electric SUV Maker Li Auto Raises $1.1 Billion in IPO
(Bloomberg) — Chinese carmaker Li Auto Inc. raised $1.1 billion in an above-range U.S. initial public offering, adding to the market focus on electric-vehicle companies, according to terms of the deal reviewed by Bloomberg. Li Auto sold 95 million…
Green Aluminum Maker Sees Opportunity in Green Hydrogen
(Bloomberg) — With roughly half of the aluminum industry losing money, some producers may wish privately that they were making something else. According to analysts at UBS Group AG, that might actually be a good idea. Pound for pound, aluminum is…