Foxconn says production normal at iPhone plant in China despite COVID curbs

Foxconn says production normal at iPhone plant in China despite COVID curbs

Taiwan electronics manufacturer Foxconn said production at its largest iPhone factory remains normal, despite tightening Covid-19 restrictions at the plant in the Chinese city of Zhengzhou this week. The Zhengzhou campus, which assembles Apple Inc’s iPhone and has about 300,000 workers, banned all dining in and required workers to take their meals back to their … Read more

Tesla aims to produce 50K Tesla Semi in 2024

Tesla aims to produce 50K Tesla Semi in 2024

Elon Musk-owned electric vehicle company Tesla is aiming to produce 50,000 Tesla Semi units per year in 2024. Musk said that the company will be “ramping up Semi production through next year,” reports Teslarati. “As I think everyone knows at this point, it takes about a year to ramp up production. So, we expect to … Read more

Chinese EV giant BYD flags huge jump in quarterly profit, shares surge

Chinese EV giant BYD flags huge jump in quarterly profit, shares surge

BYD Co, China’s biggest electric car maker, said third-quarter net profit likely more than quadrupled due to robust sales and a better product mix, sending its shares surging. It estimated that net profit for the July-September quarter came in between 5.5 billion yuan to 5.9 billion yuan ($765 million-$820 million), or an increase of 333% … Read more

Elon Musk says he will keep funding Ukraine Starlink Internet

Elon Musk says he will keep funding Ukraine Starlink Internet

San Francisco, Tech billionaire Elon Musk says his rocket firm SpaceX will continue funding its Starlink Internet service in Ukraine, a day after he said it could no longer do so. On the microblogging site Twitter, Musk wrote that “the hell with it… Even though Starlink is still losing money and other companies are getting … Read more

Chinese ‘flying car’ makes first public flight in Dubai

Chinese ‘flying car’ makes first public flight in Dubai

A “flying car” built by Chinese electronic vehicle maker Xpeng Inc. made its first public flight in the United Arab Emirates, as the company works towards launching the electric aircraft in international markets. The X2 is a two-seater electric vertical take-off and landing (eVTOL) aircraft that is lifted by eight propellers – two at each … Read more

UK delays removing Huawei hardware from 5G network core

UK delays removing Huawei hardware from 5G network core

After consulting with the company and telecom operators, Britain extended the deadline to remove equipment and services from China’s Huawei in core network functions to December 31, 2023, from an original target of January 28, 2023, The government said the deadline to remove all Huawei gear from Britain’s 5G networks by the end of 2027 … Read more

This is TikTok parent’s plan to take on Spotify

This is TikTok parent’s plan to take on Spotify

China’s ByteDance Ltd is in talks with music labels for expanding its music-streaming service globally to compete with industry leaders such as Spotify Technology SA, the Wall Street Journal reported. The TikTok parent plans to eventually integrate music streaming within its short-video service and scale it to serve as a major platform for distributing music … Read more

FTC files slimmed-down complaint in fight with Meta over Within acquisition

FTC files slimmed-down complaint in fight with Meta over Within acquisition

Antitrust enforcers who have asked a federal judge to stop Facebook parent Meta Platforms Inc from buying virtual reality content maker Within filed a shorter version of their complaint on Friday. The Federal Trade Commission had filed a lawsuit in July saying that Meta‘s acquisition of Within Unlimited Inc would “tend to create a monopoly” … Read more

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