Production

Luminar reported revenue of USD 22.1 million in the fourth quarter, missing estimates of USD 27.34 million, according to LSEG data. Adjusted loss per share of 20 cents also fell just short of expectations.Luminar Technologies shares tumbled about 10% on Wednesday after the self-driving sensor maker's fourth-quarter results missed estimates on delayed production schedule for Volvo Cars' new EX90 electric SUVs. The company had shifted its manufacturing and engineering…

Curated By: Shahrukh ShahLast Updated: February 28, 2024, 14:34 ISTSkoda Kushaq Explorer. (File photo)it is not confirmed yet whether the model will make it to the production stage or not. Even the company did not share any related details about the same.The Skoda has showcased the concept avatar of the hot-selling product Kushaq. The company has unveiled it under the nameplate ‘Explorer’. However, it is not confirmed yet whether the model will make it to the production stage or not. Even the company did not share any…

Last updated: February 27th, 2024 at 13:22 UTC+01:00 Samsung might have even bigger plans for the wearable market in 2024 than the Galaxy Ring. The company is supposedly planning to unveil its Apple Vision Pro competitor before the end of 2024, and one new report from Korea even says that the company is already strategizing the production of the Bot Fit wearable robot. Let's back up for a moment. Samsung's assistive wearable robot, previously known as GEMS Hip, was first revealed at various 2019 trade shows. GEMS Hip…

February 26, 2024, will forever be known as Hyundai Day in the state of Georgia as the automaker gears up to begin production at its first dedicated EV and battery plant in the US later this year. Hyundai announced its fast-tracking production at its Hyundai Motor Group Metaplant America (HMGMA) in Georgia. The automaker now expects to begin building electric cars in the US in the fourth quarter of 2024, with the grand opening in the first quarter of next year. Hyundai initially planned to…

The Polestar 3 has officially begun production in Chengdu, China, before its first deliveries. The third bespoke model, which is also Polestar’s first electric SUV, has a lot riding on its success in multiple markets. It will also be built in the US, and Polestar provided an update on that progress. The Polestar 3 is a new SUV from the Geely-owned EV brand, initially announced in October 2022. It will be the first SUV from Polestar ($PSNY) and its first model built on US soil – South Carolina, to be…

After three years of development, Renault revealed a production-spec electric reworking of its 1970s urban runabout back in December. Now the 2025 Renault 5 E-Tech has taken to Geneva, with a launch date revealed for later this year."Back in the 1970s, Renault 5 helped the company to bounce back from the oil shock and make a successful transition to energy frugality," said company CEO, Luca de Meo. "At the time, people were afraid that oil would disappear or, at least that it would become scarce and therefore very…

Demand for HBM chips, a market led by Nvidia supplier SK Hynix, for use in AI has also raised investor hopes that Micron would be able to weather a slow recovery in its other markets.Micron Technology has started mass production of its high-bandwidth memory (HBM) semiconductors for use in Nvidia's latest chip for artificial intelligence, sending its shares up more than 5% on Monday.The HBM3E (High Bandwidth Memory 3E) will consume 30% less power than rival offerings,…

Glutenin, a wheat protein, shows promise for lab-grown meat production by supporting the cultivation of muscle and fat layers that mimic real meat’s texture and composition, offering a sustainable alternative to traditional meat as the global population increases.As the global population grows, lab-grown meat, which consists of animal muscle and fat cells cultivated in lab settings, presents a promising solution to meet the rising demand for protein. Additionally, affordable plant proteins could serve as a foundation for…

Micron Technology has started mass production of its high-bandwidth memory semiconductors for use in Nvidia's latest chip for artificial intelligence, sending its shares up more than 4% before the bell on Monday.The HBM3E (High Bandwidth Memory 3E) will consume 30% less power than rival offerings, Micron said, and could help tap into soaring demand for chips that power generative AI applications.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and…

Micron Technology has started mass production of its high-bandwidth memory (HBM) semiconductors for use in Nvidia's latest chip for artificial intelligence, sending its shares up more than 5% on Monday.The HBM3E (High Bandwidth Memory 3E) will consume 30% less power than rival offerings, Micron said, and could help tap into soaring demand for chips that power generative AI applications.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product…