Friday, 21 February 2025
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Akash Sriram

FILE PHOTO: Figurines with computers and smartphones are seen in front of the words "Artificial Intelligence AI" in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessInfrastructureNews

AI startup Recogni unveils new method to slash power usage

Artificial intelligence startup hopes to reduce AI power consumption with innovative way of computing.

FILE PHOTO: The Ola company logo is seen on one of its electric scooters, ahead of the company's IPO launch in Mumbai, India, July 29, 2024. REUTERS/Francis Mascarenhas/File Photo
BusinessElectric Vehicles (EVs)NewsTransport

Ola Electric launches electric motorbikes days after going public

In a bid to break scooters' popularity, Ola Electric motorbikes launched to capture the two-wheeler market in India.

FILE PHOTO: A Rivian Automotive Inc facility is pictured in Costa Mesa, California, U.S.,November 1, 2023.     REUTERS/Mike Blake/File Photo
BusinessElectric Vehicles (EVs)FinanceIndustryManufacturingNews

Rivian sticks to production forecast, posts second-quarter margin below estimates

Rivian maintained its production forecast but reported greater-than-expected losses per vehicle, despite revenue gains.

FILE PHOTO: Lucid’s Gravity electric SUV is seen in a preview at Lucid’s headquarters in Newark, California, U.S. November 3, 2023.  REUTERS/Abhirup Roy/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Lucid gets $1.5bn from Saudi fund, quarterly revenue beats estimates

Electric SUV production to be ramped up by Lucid following cash injection from Saudi Arabia's Public Investment Fund.

FILE PHOTO: FILE PHOTO: A general view of visitors looking at models from BYD, a Chinese automobile manufacturer, during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 4, 2023. REUTERS/Leonhard Simon/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsPublic TransitTransport

Uber, BYD partner to bring EVs to ride-hailing platform globally

Uber and BYD announced a multi-year partnership on Wednesday aimed at bringing 100,000 new EVs to the ride-hailing platform

FILE PHOTO: xAI logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
AutomotiveBusinessNews

Musk to discuss $5 billion xAI investment with Tesla board

For the head of Tesla, xAI investment could help development of self-driving and robotaxi projects – after putting the issue to a social...

FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.  REUTERS/David Swanson/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)FinanceNewsPoliticsRegulationsTransport

Musk says any Trump move against EV support would hurt competitors more than Tesla

Tesla CEO Elon Musk said on Tuesday that Donald Trump's potential removal of support for EVs would hurt other automakers more than Tesla

Tesla electric vehicles use a Tesla supercharging station in Union City, New Jersey, U.S., July 23, 2024.  REUTERS/Eduardo Munoz/file photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsPublic TransitTransport

Tesla profit margins worst in five years as price cuts, incentives weigh

Tesla on Tuesday reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter

FILE PHOTO: FILE PHOTO: A staff member looks at Tesla's new Model 3 sedan displayed next to Model X SUV at the China International Fair for Trade in Services (CIFTIS) in Beijing, China, September 2, 2023. REUTERS/Florence Lo/File Photo/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsPublic TransitTransport

Tesla margins likely dipped in Q2; robotaxi, AI ventures in focus

Tesla's Q2 margin likely to hit a more than five-year low, CEO Elon Musk is expected to double down on robotaxi plans and...

FILE PHOTO: A Tesla logo is shown on a Model Y vehicle in Encinitas, California, U.S. October 20, 2023. REUTERS/Mike Blake/File Photo
BusinessEfficiencyElectric Vehicles (EVs)IndustryInfrastructureManufacturingNewsTransmission

Tesla halted some production lines due to global IT outage: report

Tesla halted some production lines due to a global IT outage linked to a CrowdStrike software update, affecting facilities in Texas and Nevada,...

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