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In a similar move, BMW Group disclosed in December that it had obtained a test license for L3 self-driving on high-speed roads in Shanghai. Meanwhile, Mercedes Benz revealed its plans to conduct L3 tests on specified highways in Beijing. Updated On Dec 29,…

As Aptera Motors looks to reach its long-sought scaled solar EV production milestone, it has secured a tier-1 battery supplier and a hefty investment from Korean manufacturer CTNS. Solar EV startup Aptera Motors hit us with an encouraging progress update as we shut the book on 2023 and look toward 2024, the year we may finally see scaled production of the company’s solar EV by the same name. Since the startup debuted in its second iteration years ago, we’ve shared its progress nearly every step…

Satish Kumar Kalra, former executive director of Andhra Bank, has joined North East Small Finance Bank as its new MD and CEO, sources aware of the matter said.The Reserve Bank of India (RBI) has already approved the appointment and Kalra has assumed office as well.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIndian School of BusinessISB Digital TransformationVisitIIM KozhikodeIIMK Senior…

Cryptocurrency exchange Coinbase Global secured registration with the French markets regulator on Thursday, as it seeks to expand globally under its Go Deep, Go Broad strategy. France's AMF watchdog has given Coinbase virtual asset service provider (VASP) approval, a green light for the company to operate digital currency services. Registration will allow Coinbase to offer its full suite of retail, institutional and ecosystem products and services to users in the country. Elevate Your Tech Prowess with High-Value Skill…

Tesla has secured a new credit union partner to help reduce monthly electric car payments amid high interest rates. Over the last year, one of the biggest storylines around Tesla has been the high interest rates affecting prices. Tesla has consistently reduced its prices throughout the year in order to keep demand up – partly due to high interest rates increasing monthly payments. CEO Elon Musk has made at least a version of this comment every other month all year – this one is from Tesla’s…

A site located on the Scottish island of Unst has become the first spaceport in Western Europe to be granted a licence for vertical rocket launches. SaxaVord spaceport in the Shetland Islands secured the licence from the UK’s Civil Aviation Authority, paving the way for the first rocket launches in 2024.  It follows a three-year assessment by the authority to determine whether the spaceport meets stringent safety, security, and environmental criteria. The permit allows for 30 lift-offs a year…

Tesla has secured roughly $135 million worth of incentives for Gigafactory Mexico despite delaying the construction of the factory. Tesla officially announced Gigafactory Mexico back in March, and until recently, we were wondering what was the hold up to start production after the automaker said it wanted to move fast. In October, Tesla confirmed that it was pumping the brakes on the project amid concerns about the global economy. CEO Elon Musk said that the project would happen, and Tesla is…

Ecobank Transnational Incorporated (ETI) has inked a deal that will avail $200 million in sustainability-linked loan to the lender, the Lomé-based banking group said Friday. The group of five European Development Institutions are Proparco, Norfund, FMO, DEG and EFP. The credit, said to be the first of its kind to a sub-Saharan African financial institution, is to back Ecobank Group’s sustainability and climate strategy and also includes a climate action plan. The duo of Proparco, which also is the lead arranger…

Epic Games captured a notable win in the District Court of Northern California against Google. The jury determined that Google does indeed have monopoly power in the Android app distribution markets and in-app billing services. The court decision comes three years since Epic Games filed its initial complaint after its hit game Fortnite was removed from the Play Store due to Epic’s bypassing of Google app store fees on in-app purchases aka the “Google tax”. Today’s verdict is a win for all app developers and…

The latest three-row electric SUV in the US is gaining attention. Kia says its new EV9 has already received deposits from customers in all 50 US states. Kia EV9 receives reservations in all 50 US states After opening pre-orders for its first three-row electric SUV in October, Kia saw “significant consumer interest,” Eric Watson, Kia America’s VP of sales, explained. The automaker sent a letter to dealers last month, asking them to resist markups. Kia said, “The EV9 customer is an important…