Fisker has asked a bankruptcy judge overseeing its Chapter 11 proceedings to approve the sale of more than 3,000 Ocean electric SUVs in its inventory for about $14,000 per car to a vehicle-leasing company.
U.S.-based hedge fund Cinctive Capital Management ended the first half of the year up 11%, mainly helped by its performance in equities, a source familiar with the matter said.
Stellantis , the carmaker whose brands include Peugeot, Fiat and Chrysler, announced on Wednesday a partnership with the French state’s CEA research organisation to work on a next generation of battery cells for electric vehicles.
Semiconductor production equipment maker ASML may continue with an expansion under way at its headquarters in Veldhoven, the Netherlands’ Council of State ruled on Wednesday, rejecting objections from two neighbours.
The Swiss National Bank is open to expanding its pilot project with wholesale central bank digital currencies, governing board member Antoine Martin said on Wednesday.
India-based crypto exchange CoinDCX has acquired Middle East-focused crypto platform BitOasis, the two companies said in a joint statement on Wednesday.
Elon Musk will be among the keynote speakers at the opening ceremony of the World AI Conference (WAIC) in Shanghai on Thursday, according to an agenda released in advance of the event.
Indian labour officials visited a Foxconn factory in the country’s south this week and questioned executives about the company’s hiring practices, an official said, after Reuters reported that the major Apple supplier has been rejecting married women from iPhone assembly jobs.
With the clock ticking for the European Commission to impose provisional tariffs on electric vehicles made in China, automakers are bracing for billions of dollars in new costs that analysts expect will slow their European expansion.
