Several domestic electric car startups in China who are rivals to Tesla are reportedly building up their sales in the world’s largest auto market. As per credible sources, startups like Nio, Xpeng, and Li Auto have announced over the last few days that the car deliveries have increased in 2020 to close out the year with new monthly highs.
This scenario reflects a considerable recovery in China’s economy as well as its automobile market. Besides, with a national aim of becoming a leader in electric vehicle technology, the Chinese government has also extended its s
Epic Games has reportedly announced that is has reached a settlement to buy Cary Towne Center with plans to transform the shopping mall into Epic Games’ new HQs by 2024.
Records filed on 31st December with Wake County point out the sale price was nearly $95 million. In February 2019, Turnbridge Equities & Denali Partners acquired the 87-acre mall property for worth $31.5 million.
As per the company’s release, the development of the new HQ will begin later this year. Meanwhile, Epic Games would keep its headquart
A concerted effort towards the commercialization of PET packaging has triggered growth in 5-isopropyl-m-xylene industry value. Not to mention, mixed xylenes have found traction in the production of ethylbenzene as solvents in products, including paints and coatings.
Expanding penetration of 5-isopropyl-m-xylene compound in organic synthesis, terephthalic acid and research activities has stimulated investments in the industry. According to an estimate, 5-isopropyl-m-xylene market size will
Tesla has recently registered record deliveries of its electric cars in the last three months of 2020, almost hitting the target of half-million vehicle deliveries set for the year by Elon Musk, chief executive of the company.
It has been reported that the annual sales of the California-based manufacturer increased by 36% after a final quarter that surpassed the expectations set by the analysts, delivering a total of 499,550 cars in 2020. The company, delivered a total of 180,570 electric vehicles from October to December, falling slightly short of
The nearing of approval for the merger of two prominent automakers, Fiat Chrysler and PSA, is likely to kick off a bout of job cuts across two continents as the auto makers take measures to consolidate their respective vehicle platforms.
Carlos Tavares, while running the North America operations of Nissan between 2009 and 2011, had built up a reputation for watching the costs closely with very little tolerance for ventures or vehicles that did not make money.
Now, experts speculate that Tavares, who is currently the PSA Group head, would
ShopRunner will operate under a new organization, inside of FedEx Services called FedEx Dataworks.
ShopRunner’s acquisition will reportedly complement FedEx’s business operations and boost its eCommerce portfolio.
After previously announcing its plans in early December, American multinational delivery services company FedEx Corporation has reportedly completed the acquisition of ShopRunner.
Sources with relevant information stated that ShopR
Pharmaceutical giants, Pfizer, AstraZeneca, Merck, and Teva, with Biotech Fund and Amazon Web Services as partners, have reportedly secured a contract to build a laboratory designated for Digital Health and Computational Biology in Israel.
The Innovation Authority and Israel's National Digital Ministry stated that the budget allocation for the development of the digital computer lab over the next five years is around USD 10 million dollars. The total amount will be made from contributions of partner companies and the Israeli fund, claim trusted sources.
The NHS has reportedly recruited 10,000 volunteers and medics for administering the delivery of the Oxford COVID-19 vaccine. While the government is waiting for the authorities to give the jab the green light, which could occur as early as Monday, there has already been the purchase of 100 million doses of the vaccine.
As per sources, the government is likely to overhaul the priority list once the new UK vaccine is accorded the go-ahead. Some key workers and teachers will also be eligible for injections, which are presently only given to the clinically vulnerable, elderly, a
UK prime minister Boris Johnson has reportedly pledged to focus on levelling up Britain as well as spreading opportunity across the country after securing a post-Brexit trade deal with the EU. The prime minister also stated that the deal would give novel legislative and regulatory freedoms to provide for individuals who felt left out.
However, the leaders of fishermen association have accused the prime minister of giving in as well as sacrificing the interests of the fishermen to reach the agreement. Labor termed it a very thin deal that would require more work in order to s
