Northvolt energised by $3.5bn Volvo battery factory deal
Swedish battery maker Northvolt has inked a deal worth north of $3.5bn with Volvo to open a new European gigafactory and a Scandi research centre. While Northvolt and Volvo have...
Tomorrow’s transport
Waymo raises another $2.5bn for autonomous taxi project
Alphabet subsidiary Waymo has secured $2.5bn in external funding as it continues to throw money...
China’s SAIC Motor revs up for car battery and smart driving supremacy
SAIC Motor Corporation (formerly known as Shanghai Automotive Industry Corporation) has announced its plans to become a market leader in...
Northvolt bags $2.75bn investment as car industry gears up for clean energy shift
Okay, we may have underestimated this one. Back in early May Verdict reported on rumours that Swedish battery maker Northvolt...
E-scooters flush with $1.5bn in VC cash roll onto streets of London
E-scooter trials have launched in London today almost a year after the government passed new regulations legalising the two-wheelers operated...
Chinese carmaker Geely reveals details on Baidu-powered car
Chinese search engine company Baidu has joined forces with carmaker Geely in a bid to enter the automotive industry. Jidu Automobile, the name of the joint venture, now says that…
Uber alles? Not any more, as UK drivers now get to be part of the union
Uber will formally recognise a trade union for the first time ever in the ride-hail giant’s latest concession on workers' rights. The GMB union will be able to represent Uber’s…
What happens in a Chinese Tesla stays in China
Tesla has said that all user data generated from its electric vehicles (EVs) sold in China would be stored in a new data centre in Shanghai. On Tuesday, the carmaker…
Taiwan drought threatens water supply to major semiconductor fabs
Taiwan is suffering its worst drought in 56 years, and this risks putting more pressure on the already squeezed world semiconductor supply. The world’s largest chipmakers face water rationing if…
Stellantis bets on Foxconn for Chinese renaissance
As individuals, the two groups that merged to create Stellantis – FCA and PSA – were pioneers in China's nascent automotive industry. Beijing Jeep was established in 1984 and Dongfeng-Peugeot…
Gojek and Tokopedia merge to become Indonesian powerhouse GoTo
Ride-hailing and payments company Gojek has completed a merger with ecommerce firm Tokopedia, creating a new Indonesian technology powerhouse called GoTo Group. The $18bn merger makes GoTo the largest technology…
