Ford Motor Company is reportedly planning to invest USD 11.4 billion to establish four new plants across the U.S. to increase its electric vehicle production capabilities. The move will also allow the American automotive giant to create at ....

Swedish electric performance car company, Polestar AB has reportedly reached an agreement to go public by merging with a SPAC (special purpose acquisition company) Gores Guggenheim Inc. The newly merged company will be renamed Polestar Auto....

The news comes after E-ENERGEE displayed its core technical components as well as solutions during a Beijing event. Geely’s tech unit has been making heavy investments in battery swapping technology since 2017.   Zhejiang....

The EU (European Union) has reportedly proposed rules to make USB-C ports as standard on tablets, smartphones, handheld video game systems, cameras, and portable speakers. The move will be a setback for Apple Inc, which uses its in-house L....

To accelerate its electrification efforts, Ford Motor Co. has reportedly partnered with a battery recycling startup called Redwood Materials. The duo will work on developing a circular supply chain for EV batteries, right from procuring raw....

Freshworks set its initial public offering (IPO) at USD 36 per share, bolstering its IPO share price for the second time in the last week and pulling its total valuation over USD 10 billion. The company started trading under the stock symb....

American investment bank JP Morgan is reportedly taking on its U.K. rivals by introducing the highly anticipated digital retail bank ‘Chase’, as part of its vision for global expansion. CEO of the new Chase Bank venture, Sanoke....

Honda and General Motors have jointly developed the Prologue EV. The automaker intends to sell 100% zero emission vehicles by the year 2040. The U.S. division of Honda Motor Co. has reportedly set a sales target of 70,000 units for the....

The United States has reportedly opened a probe on nearly 30 million vehicles produced by various well-known automakers over faulty Takata airbag inflators. As per reliable sources, the National Highway Traffic Safety Administration (NHTSA....

The Board of Directors of BBL (Biocon Biologics Limited), a subsidiary of Biocon Ltd. has reportedly announced a partnership with SILS (Serum Institute Life Sciences Private Limited) by approving the merger of CTPL (Covidshield Technologies....