Tesla issued a recall for various EV models due to an issue with the power windows that may cause an injury.
The Boeing Company failed in this most basic obligation by misleading investors in providing assurances about the 737 MAX’s safety.
WeMade emerged victorious in its legal conflict with a Chinese firm and set to receive ₩95 billion in compensation.
Singapore is hosting numerous financial and business conferences in the coming months on top of the Formula 1-night race next week.
According to the jury, the Mitsubishi Outlander is an example of good use of space combined with stylish execution.
The NBA’s Phoenix Suns were recently valued at more than US$2 billion by Sportico and US$1.8 billion by Forbes.
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.
Rather than dispose of the bottles at their end of life, the Ball aluminum bottles will be turned into new ones within 60 days.
The deal allows the Boston-based Rapid7 to feature its logo on the team playing jerseys and practice tops from the start of the 2022/23 season
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.
To be completed in 2025, the logistics center would have a floor space of 46,111 square meters and five above-ground floors.
Toyota announces $3.4 billion investment on US battery production through 2030
Toyota Motor Corp's North American division is investing around $3.4 billion in the production of batteries in the United States. This plan was announced on Monday, Oct. 18.
To be more exact, the investment is for Toyota's automotive battery development project as well as production in the U.S. through 2030. According to Reuters, the carmaker further shared that it also has plans to set up a new company and construct a new battery plant in partnership with Toyota Tsusho, the company's metals trading arm.
It was reported that $1.29 billion would be spent on the new factory. The goal is to begin production in the facility by 2025 and this is expected to create at least 1,750 new jobs in the U.S.
The funding for this is said to be part of the initial $13.5 billion that Toyota already announced last month. The amount is to be spent globally by 2030 for the battery development and its battery supply system.
Toyota's main goal for its battery project is to cut the cost of its batteries by 30% or more. The company is planning to work on the materials and the method in which the cells are structured to be able to lower the price.
"Toyota's commitment to electrification is about achieving long-term sustainability for the environment, American jobs and consumers," Toyota Motor North America's chief executive officer, Ted Ogawa, said in a press release. "This investment will help usher in more affordable electrified vehicles for U.S. consumers, significantly reduce carbon emissions, and importantly, create even more American jobs tied to the future of mobility."
At any rate, carmakers around the world are working to shift to electric vehicles. Most major brands are already investing billions for their EV push as the environmental regulations are also being tightened.
Apparently, Toyota is also in the list of brands that are making big changes in their production to comply with the new policies for less carbon emissions. Toyota was said to have been getting criticism from environmental groups since it has not shifted to battery-powered vehicles so this new investment and building of plants for vehicle batteries is just an indication that the company also cares and is ready for the change for a greener Earth.
What is a semiconductor? An electrical engineer explains how these critical electronic components work and how they are made