Search results for Energy
Mobility
GM aims to cut vehicle development time to 2 years, unveils central computer and AI strategy
General Motors plans to use artificial intelligence to cut vehicle development time from 4 to 5 years to 2 years and overhaul batteries, vehicle electronics and autonomous driving technology. At a New York event, it unveiled an EV, AI and self-driving strategy aimed at responding to competition from Chinese automakers. GM plans to adopt a central computing software platform, introduce LMR batteries, and roll out a centralized vehicle computing unit starting in 2028.
Mobility
EV charging demand shifts to highway rest stops as operators boost turnover with ultra-fast chargers
Competition in South Korea\'s EV charging business is expanding from charger output to utilisation rates and operational capability, as more charging demand concentrates at highway rest stops. Bright Energy Partners\' EV charging unit Water unveiled a charging station equipped with 400 kW ultra-fast chargers at Geumwang rest stop. CEO Yoo Dae-won said uptime and operations drive trust and repeat visits. He cited limits from 10-year contracts and regulated pricing, and said turnover and accurate station information are key to revenue.
AI & Enterprise
Science ministry fleshes out seven SEED projects, draws up cross-ministry implementation strategy
South Korea\'s Ministry of Science and ICT held a meeting on Oct. 22 with the presidential office and related ministries to draw up field-by-field implementation strategies for the seven SEED projects. The government project aims to foster seven areas as future growth engines, including small modular reactors, nuclear fusion, renewable energy, quantum, aerospace, advanced bio and advanced supply chains. The meeting discussed missions, performance goals and linking R&D and investment plans.
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People
Samsung Electronics chairman Lee Jae-yong inspects UAE Al Dhafra power plant site
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Industry
U.S. Army turns to rapid, low-cost modular laser weapon to defend against drones
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AI & Enterprise
MegazoneCloud steps up push into U.S. public cloud market
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Finance
Bank of Korea holds base rate at 3.00 percent, checks external uncertainty before further hikes
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Industry
LG Electronics to apply smart factory to world\'s largest tidal power plant
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Mobility
China EV production costs 35 percent lower than Europe\'s, battery supply chain and development speed drive gap
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Industry
SMRs emerge as 24-7 power option for semiconductor fabs
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Crypto
Bitcoin holds $80,000 as stablecoin payments spread
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Mobility
Tesla Q3 net profit slumps 43 percent, starts Optimus robot production in California
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Telecommunications & Media
Apple to source more iPhone parts in US, spend $100 million on titanium for foldable iPhone Duo
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AI & Enterprise
Sam Altman sees AI race endgame in international oversight, industry consolidation or dominance by one company
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AI & Enterprise
Race to foster AI data centres; industry calls for deregulation and tax credits
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Mobility
Tesla deliveries beat estimates but revenue flat, profit seen down 10 percent
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Industry
GM, LG Energy Solution achieve 100 percent mineral recycling from end-of-life EV batteries
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Industry
GM, LG Energy Solution push mass production of next-generation battery