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The test-phase voyage may not look out of the ordinary at first given the huge progress made in drone technology. Another propellered aircraft rising vertically off the ground and then thrusting forward high in the sky.

Israeli Startup Makes Inroads With Personal Flying Vehicle

Dec 26, 2022 05:29 PM

1 mins read

The test-phase voyage may not look out of the ordinary at first given the huge progress made in drone technology. Another propellered aircraft rising vertically off the ground and then thrusting forward high in the sky.

Investor In Musk's Twitter Buyout Expects To Make Up To Five Times Its Money

By Reuters

Dec 25, 2022 11:51 PM

One of the biggest investors in Musk's acquisition of Twitter, Aliya Capital Partners LLC, said it expects to make up to five times its money despite the social media company's problems.

TuSimple Plans To Layoff Half Its Workforce Next Week - Report

By Reuters

Dec 25, 2022 11:48 PM

Self driving trucking company TuSimple Holdings Inc plans to potentially cut half of its workforce next week.

Mahindra To Invest $1.2 Billion (Rs. 10,000 Crore) In New EV Plant

By Reuters

Dec 25, 2022 08:39 PM

Mahindra Ltd said it would invest 100 billion rupees ($1.21 billion) to set up an electric vehicle (EV) manufacturing plant near the western city of Pune.

China's Li Auto Sees Higher Deliveries In Q4; Third-Quarter Loss Widens

By Reuters

Dec 25, 2022 08:35 PM

Li Auto Inc forecast higher delivery of vehicles and a rise in revenue in the fourth quarter, banking on a production ramp-up and better cost management.

China's CATL To Provide EV Batteries For Honda Starting In 2024

By Reuters

Dec 25, 2022 08:33 PM

CATL would supply batteries for seven years for Honda's electric vehicles in China.

Swedish Self-Driving Truck Start-Up Einride Raises More Cash

By Reuters

Dec 25, 2022 08:30 PM

Einride had agreed to raise capital of $500 million from debt, equity and the conversion of earlier loans, speeding up the company's ability to pursue new markets and customers.

Toyota Launches Second Hybrid Vehicle In India Amid Green Car Push

By Reuters

Dec 25, 2022 08:27 PM

Toyota launched its second hybrid car in India, a seven-seat people-carrier, as part of a broader strategy to double-down on the sale of electrified vehicles in emerging markets.