The adhesive is biodegradable and compostable because it has been created with a high percentage of renewable, non-fossil-sourced components
The pumpkin beer with a wheat base includes cranberry juice for a 5.3 percent ABV brew billed as being light in color with chamomile and cinnamon.
Apple is expected to introduce bigger changes to the iPhone line in 2023, including the launch of ‘iPhone 15 Ultra’
The acquisition of DSME, the world’s fourth-largest shipbuilder, boosts Hanwha’s key defense and green energy sectors.
The Boeing Company failed in this most basic obligation by misleading investors in providing assurances about the 737 MAX’s safety.
China, the US, and India are expected to bear the brunt of the damage, with costs of $10 trillion, $2.5 trillion, and $850 billion.
Singapore is hosting numerous financial and business conferences in the coming months on top of the Formula 1-night race next week.
Rather than dispose of the bottles at their end of life, the Ball aluminum bottles will be turned into new ones within 60 days.
General Motors is investing in transforming its Toledo factory into a facility for building drive units for EVs.
Shinhan Bank and Naver jump into the food delivery biz to compete with the top 3 delivery brands in South Korea.
According to the jury, the Mitsubishi Outlander is an example of good use of space combined with stylish execution.
Nissan announces $18 billion investment to hasten push for vehicle electrification
Nissan Motor Co. is investing almost $18 million or ¥2 trillion over the next five years to hasten its plans for vehicle electrification. The Japanese automaker is moving fast as it wants to catch up with its rivals in the auto industry, where most of the companies have already started their journeys towards EVs.
According to Reuters, this is the first time that Nissan Motor has revealed its detailed plans for electrification. While it is one of the first automakers in the world to mass-market its electric vehicle model unit, it has not shared its game plan until now.
It was added that with the mentioned amount of investment, Nissan Motor is set to spend twice as much as it did in the last 10 years. The company is going all out with the spending to catch up and grab some market share in the electric vehicle business that is currently being dominated by some of its rivals in the automobile sector.
The company’s first move to get ahead of some of the leading EV makers, such as Tesla and Toyota Motor, is to introduce at least 23 electrified vehicle models by 2030. Based on its plans, 15 of these units will be fully electric vehicles.
Nissan further said it is aiming to lower the cost of lithium-ion batteries by as much as 65% in eight years. Part of its goal is to produce and market an all-solid-state battery type by March 2029. The carmaker believes this product could be a game-changer.
Now, while Nissan’s plans sound great, it was reported that some analysts were not impressed. This is because they think Nissan has already been left behind by its rivals in the EV game, and they are already so far ahead to catch up on.
"Nissan's long-term vision comes at a time when the market is perhaps not receptive to it. It can be said that it represents a huge increase in investment, it feels cautious," senior analyst at Securities Japan Ltd., Masayuki Otani, said.
Meanwhile, Nissan’s chief executive officer, Makoto Uchida, said during the online presentation for the company’s comprehensive plans for electrification this week that they will use the investment not just to simply develop EVs, but they will also provide opportunities for businesses and become a sustainable company to help curb carbon emission.
"The role of companies to address societal needs is increasingly heightened,” Fox Business quoted the Nissan chief as saying. “With Nissan Ambition 2030, we will drive the new age of electrification, advance technologies to reduce carbon footprint and pursue new business opportunities.”
What is a semiconductor? An electrical engineer explains how these critical electronic components work and how they are made