Category: Production
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Panasonic’s energy unit prepares for 4680 EV battery production By Reuters
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By Daniel Leussink and Maki Shiraki KINOKAWA, Japan (Reuters) – Panasonic Holdings Corp said on Monday its power unit has completed preparations to mass-produce 4680 batteries for electric vehicles as it seeks to start supplying cells to automakers. The renovated Panasonic Energy plant in western Wakayama Prefecture will serve as…
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Forexlive European FX news wrap 26 Aug – Libya halts oil production and exports
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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AstraZeneca warns of moving UK vaccine production to US, FT reports By Reuters
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(Reuters) – AstraZeneca has warned it may move vaccine manufacturing from the United Kingdom to the United States amid a standoff with the new Labour government over plans to cut state aid, the Financial Times reported on Thursday. UK finance minister Rachel Reeves wants to cut government funding for the…
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Britain’s battery industry could spark revival with local LFP production
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The UK battery industry, which has been in decline, could see a boost with the introduction of locally produced lithium iron phosphate (LFP), a key component in electric vehicle (EV) batteries. Behnam Hormozi, founder of Integrals Power, believes that producing a cleaner, higher-quality version of the LFP battery in the…
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Riot Platforms posts 52% decrease in Bitcoin production for Q2
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Bitcoin mining company Riot Platforms has released its Q2 financial results, which showed a decline in cryptocurrencies mined due to the recent halving. Colorado-based Bitcoin (BTC) mining company Riot Platforms has revealed its financial results for the second quarter, highlighting a significant drop in mined cryptocurrency attributed to the recent…
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Riot Platforms posts 52% decrease in Bitcoin production for Q2
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Bitcoin mining company Riot Platforms has released its Q2 financial results, which showed a decline in cryptocurrencies mined due to the recent halving. Colorado-based Bitcoin (BTC) mining company Riot Platforms has revealed its financial results for the second quarter, highlighting a significant drop in mined cryptocurrency attributed to the recent…
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Exclusive-US-Japan Patriot missile production plan hits Boeing component roadblock By Reuters
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By Nobuhiro Kubo and Tim Kelly TOKYO (Reuters) – A U.S. plan to use Japanese factories to boost production of Patriot air defense missiles, used by Ukraine to defend against Russian attacks, has been delayed by a shortage of a vital component made by Boeing Co, four sources said. Japan’s…
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Ford ramping up production of popular F-Series Super Duty truck to Canada (F)
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To meet demand for the most popular pickup truck among businesses and consumers, Ford Motor Company (New York Stock Exchange: FFord is expanding production of F-Series Super Duty trucks to its Oakville, Ontario, Canada assembly plant with a $2.3 billion investment. The Canadian facility will increase Total production of the…
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BHP hits record for full-year iron ore production, meeting guidance (NYSE:BHP)
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CUHRIG/E+ via Getty Images BHP (NYSE: BHP) said on Tuesday that it had identified Another record for annual iron ore production Meeting expectations, with steady production expected for next year. The world’s largest mining company by market value said in its report Operations Review for Fiscal Year 2024 It was…
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BHP hits record for full-year iron ore production, meeting guidance (NYSE:BHP)
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CUHRIG/E+ via Getty Images BHP (NYSE: BHP) said on Tuesday that it had identified Another record for annual iron ore production Meeting expectations, with steady production expected for next year. The world’s largest mining company by market value said in its report Operations Review for Fiscal Year 2024 It was…
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Volkswagen to ramp up solid-state battery production in QuantumScape deal
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BERLIN (Reuters) – Volkswagen said on Thursday it will significantly ramp up production of solid-state batteries it developed with U.S. startup QuantumScape as the German carmaker aims to fit the technology into more vehicles. Under an agreement announced Thursday, VW’s PowerCo battery unit will receive a license to mass-produce battery…
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Biden administration to award $1.7B in grants to boost domestic EV production (NYSE:GM)
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The Biden administration plans to provide $1.7 billion to boost production of electric vehicles and their components in eight U.S. states. The U.S. Department of Energy has announced $1.7 billion in planned grants to support the conversion of 11 “at-risk” facilities to enable Producing one million electric cars annually. The…
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Honda to end vehicle production at one of its Thai auto plants By Reuters
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TOKYO (Reuters) – Honda The Japanese automaker said Tuesday it will stop vehicle production at its plant in Thailand’s Ayutthaya province by 2025 as it plans to consolidate production at the plant it operates in Prachinburi province. The move highlights the increasingly difficult conditions facing Japan’s second-largest automaker in the…
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Porsche stops production of some combustion models early By Reuters
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FRANKFURT (Reuters) – Porsche is sticking to its position in its move to electric cars, bringing forward the end of production of some internal combustion models, the company’s production chief told Automobilwoche magazine. Porsche board member Albrecht Reimold said the petrol-powered version of the Macan SUV for non-European markets will…
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Regulator signals nod for expansion of Leviathan production
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The Petroleum Commissioner at the Ministry of Energy and Infrastructure has indicated to the partners in the Leviathan offshore natural gas field that they will be allowed to significantly expand production, from 12 billion cubic meters to 21 billion cubic meters. This is not yet an export permit, but rather…
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Amazon says Kuiper satellite production delayed; beta tests to start next year
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dima_zel/iStock via Getty Images Amazon (NASDAQ: AMZNAmazon said Thursday that the production launch of its Kuiper Project satellites will be delayed and will begin in the fourth quarter, with trial testing scheduled for next year. Involved rose 2.1% On Thursday, it hit a new 52-week high, a day after surpassing…
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Arcadium Lithium surges as RBC starts as a buy, driven by strong production growth
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Omedia/E+ via Getty Images arcadium lithium (New York Stock Exchange: Altm) +12.7% In trading on Wednesday, RBC Capital rated the stock a new outperform with a $4 price target, saying the company offers investors “the most vertically integrated and diversified exposure to lithium and chemicals across our coverage.” The RBC…
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Alberta regulator projects 17 per cent growth in oilsands production by 2033
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Breadcrumb links BMN Energy BMN Business Article writer: Canadian Press Amanda Stevenson Posted on June 24, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. The Alberta Energy Regulator says it expects oil sands production in…
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Treasury proposes ban on many investments in Chinese semiconductor production
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The United States is determined to dominate semiconductors and not let China catch up. Proposed new rules restrict US investment in key sectors The rules prohibit certain investments in advanced design, automation, manufacturing and packaging tools Quantum computers and artificial intelligence have also been targeted Proposes notification requirements for all…