Innovation & Technology

European Commission further accelerates investments in renewables

The development of renewable energy sources and the installation of new capacities in the Union will be one of the fastest-growing sectors in the European Union. There is no doubt that the growth that this sector has recorded this year will continue for the next two years. New encouragement for investors in the renewable energy …

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Nissan Motor Co's discussions with Renault SA are centered on optimizing their investment in electric vehicles

Nissan and Renault – jointly plan to surpass Tesla in electric cars

Nissan Motor Co’s discussions with Renault SA are centered on optimizing their investment in electric cars. They plan to strengthen their competitiveness as equal partners. This was announced by the Japanese automaker’s CEO Makoto Uchida. People familiar with the talks say that negotiations with Renault have less than two weeks left to meet the automakers’ …

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Volvo Cars co-founded the brand Polestar together with China's Geely

EV maker Polestar gets gigantic financial support from its major shareholders

Polestar announced at the end of this week that it had secured $1.6 billion in financing. The finances come from its two main shareholders. Their aim is to help Polestar to deliver on its growth plans in turbulent markets. Volvo Cars co-founded the brand Polestar together with China’s Geely in 2017. Volvo announced an $800 …

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Tesla global price cuts to spur demand

Tesla’s rivals are “eating” its California EV market share

Tesla’s dominant market share in California’s electric vehicle market fell again this year. Automobile experts have calculated Tesla’s competitors took their share of the market and are taking more every day. The experts’ calculations are based on government data for the period between this January to September. Taking the data from the new vehicle registration …

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From Brazil to India: Toyota has a new pilot project for flex-fuel vehicle

Toyota Motor Corp. unveiled its flex fuel hybrid sedan in India on Tuesday. It is introducing a pilot project in a market where the government pressures automakers to use cleaner fuels. A new flex-fuel vehicle is a possibility for the sugar industry. The sedan is powered by flex-fuel technology, which allows the engine to work …

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solar power

Australia gets into solar power export project: Clean energy makes money

Australia tends to become Promised Land for clean energy. It’s not all about climate – there is money too in clean energy. Australian software mogul Mike Cannon-Brookes is to be the chairman of solar power clean energy start-up Sun Cable. And since he is not a man who would pour money down the drain, it …

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Citroen's Oli concept electric car made of recyclable materials

Remember the Trabant car from the past? Now Citroën “trabantizes” the future

Citroën made a concept car, “Oli”, inspired by the easy-imaginable future of a world that lacks resources. Its concept car uses cardboard for some car parts, which suppose to be made of steel. With this concept car, Citroën makes the future by waking the memories of the Trabant car from the past. Anticipating resources shortage …

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