Establish

Both countries have agreed to encourage and support the joint work and existing joint ventures and the establishment of the new company. Trade volume between Türkiye and Algeria estimated to reach $5B by end of year. (AA Archive)…

The Nigerian National Petroleum Company (NNPC) Limited, Akwa Ibom State government and Solutions Hub Limited on Saturday signed agreements to establish a fully integrated, deep-water logistics shore base in the state. NNPCL in a tweet on Sunday said Akwa Ibom governor, Udom Emmanuel, the leadership of NNPC, and Solution Hub Limited, signed the shareholder’s agreement of Ibom Solution Hub Limited on Saturday in Uyo, the state capital. It said that based on the agreement, the NNPCL is to have 30 per cent of the…

South Korean electric vehicle (EV) charging platform startup Charzin and smart energy provider Tide Company have established a three way joint venture with Indonesian payment IT company Ciwaru Transaksi Elektronik (Cetho) to build a smart system to manage the country’s growing EV charging network. Charzin CEO Choi Young-seok said the new JV had developed an electric vehicle charging platform which he claimed would help…

Volkswagen Group and Canadian quantum technology company Xanadu have established a multiyear research programme to improve the performance of quantum algorithms for simulating battery materials. The goal is to reduce computational costs and accelerate VW adoption of quantum computers to develop battery materials that are safer, lighter and more cost effective. The automaker said accurate and efficient simulation of…

Electric buses are an upgrade over their gas-powered counterparts in every single way. New technology and software solutions are unlocking the potential behind these zero-emission heavy-duty EVs.The mighty machines are now being used to build a vehicle-to-building (V2B) “resilience hub” with emergency backup capabilities. The project is being funded by the California Energy Commission (CEC) and is designed to show the value of bidirectional charging and V2B capabilities in electric buses. You may have heard of…

From left to right: Thomas Schmall, Group Board Member for Technology at Volkswagen AG and Chairman of the Supervisory Board of PowerCo SE, Jörg Teichmann, PowerCo Chief Procurement Officer, Ralph Kiessling, EVP Energy & Surface Technologies at Umicore, Umicore CEO Mathias Miedreich. PowerCo, the battery company of the Volkswagen Group, and Umicore, the Belgian circular materials technology group, have…

The Geely-owned Polestar brand will establish its UK commercial headquarters and a new customer Test Drive Hub at Bicester Heritage. Opening in December 2022, Polestar Bicester will be a new multi-purpose location following the development of one of the existing two-storey buildings in the Heritage Quarters. The headquarters, located on the upper floor, will include operational staff supporting the approximately 8,000…

French satellite operator Eutelsat said that it was in talks with British counterpart OneWeb for a tie-up to create a "global champion" in broadband internet, rivalling US services like Elon Musk's Starlink. Satellite broadband promises to bring coverage to the most remote areas of the planet by doing away with the need for antennas and other infrastructure. It will also supply internet on commercial aircraft and to products like connected cars. While Starlink heads the market with more than 2,000 tiny satellites orbiting…

The Senate, on Wednesday at plenary, passed a bill to establish the National Social Security Commission. The bill seeks to put in place a national social security protection funding to take care of the needs of the unemployed, old-aged and underaged children below 18 years from broken marriages. Also covered in the bill are survivors resulting from the death of the family’s bread winner. The passage of the bill followed the consideration of a report by the Committee on Establishment and Public Service Matters.…

Ola Electric announced an investment of USD 500 million to set up its state-of-the-art Battery Innovation Centre (BIC) in Bengaluru. The BIC will be one of the world's largest and most advanced cell R&D facilities with more than 165 "unique and cutting-edge" lab equipment to cover all aspects of cell-related research and development, the electric vehicle company said. "Ola's BIC will host Proto lines that can produce all form factors, cylindrical, pouch, coin, and prismatic cells," it said. The center will have the…