EV startups in dire straits
Tesla CEO Elon Musk recently warned that US electric vehicle (EV) startups Rivian and Lucid could both go bankrupt if they do not significantly lower their costs......»»
Li Auto reported 21.5% gross margin in 2Q22, saying new model coming soon
Li Auto, one of China's promising electric vehicle (EV) startups, reached total revenues of CNY8.73 billion (US$1.3 billion) in the second quarter. With a slightly decreasing gross margin of 21.5%, the company said it will launch a new model "sooner.....»»
Li Auto reported 21.5% gross margin in 2Q, saying new model coming soon
Li Auto, one of China's promising electric vehicle (EV) startups, reached total revenues of CNY8.73 billion (US$1.3 billion) in the second quarter. With a slightly decreasing gross margin of 21.5%, the company said it will launch a new model "sooner.....»»
China-based startups cut striking figures in car-use ICs
China-based startups have played an important role in developing car-use ICs for applications like smart cockpits, ADAS (advanced driver assistance system) and autonomous driving, but are expected to face large competitive challenge over the next fiv.....»»
Burrowing crabs bring beneficial bacteria to mangroves
Fiddler crabs burrowing beneath arid mangrove forests help bring beneficial bacteria to an ecosystem in dire need of nutrients......»»
Commercial EV startups are burning cash and in a race to deliver vehicles
Boosted by investor hunger to create the next Tesla, commercial EV makers have raised hundreds of millions of dollars as they seek to emulate Elon Musk's success......»»
Lucid faces production pressure in Q2 earnings
Lucid Motors reports Q2 earnings after the market close Wednesday amid recent job cuts by EV startups Rivian and Tesla. For Lucid, there's pressure to improve on its first-quarter deliveries of just 360 vehicles and boost sales revenue......»»
Competition heats up for advanced packaging among OSATs in Taiwan and China
In the advanced packaging field, the competition among OSATS on both sides of the Taiwan Straits, such as Taiwan-based ASE Technology Holding and China-based JCET Group, is heating up, according to industry sources......»»
Rivian takes on the challenge for EV startups — service centers
Rivian is expanding its service centers in the U.S. and opening its first store in Canada as sales rise. EV startups face service challenges compared with legacy automakers......»»
Introduced donkeys and indigenous pumas are helping to resurrect extinct food webs in Death Valley
Around 12,000 years ago, a diversity of horses and their kin (known as equids) roamed North and South America. These animals were hunted by large, mythical-sounding, now-extinct predators, such as saber-toothed cats and dire wolves. In a geologic hea.....»»
Ultra-fast delivery was all the rage during the pandemic. Now these startups are trying to survive
In early March, after two ultra-fast delivery startups shut down in New York City in a single week, a self-proclaimed pioneer in the space appeared to see an opportunity for some media attention......»»
A Deadly Glacier Collapse Sends a Dire Climate Warning
After 11 people were killed and eight hospitalized by a glacier in early July, Italian scientists are asking how future tragedies can be avoided......»»
One America News loses Verizon TV deal, begs for access to Comcast or Charter
Right-wing network was already in dire straits after getting booted from DirecTV. Enlarge / Screenshot from One America News Network's press kit. (credit: One America News Network) One America News Network is about to lose it.....»»
Infinio Capital launches Ignition Fund 1 to invest in global space tech startups and foster ecosystem in Taiwan
Early-stage venture capital firm Infinio Capital announced on July 20 the launch of its US$20 million "Ignition Fund 1," to invest in space tech startups and help build up a space tech ecosystem in Taiwan in the next two years......»»
Gender-Affirming Care Improves Mental Health—and May Save Lives
Scores of bills in US states aim to block medical treatments for trans youth. But research shows that these bans could have dire consequences......»»
Web3 promising for startups, says AppWorks chairman
Fluctuations in stock markets and currency exchange rates have impacted venture capital investment in startups, but it is now the best time for entrepreneurs, with Web3 being a promising sector, according to Jamie Lin, chairamn for AppWorks Venture......»»
Stellantis to invest in auto, mobility tech startups
The automaker is looking to foster innovation within its ranks and be a venture capitalist that supports promising outsiders — not only to benefit those companies but to achieve its own financial goals......»»
Israeli OT Cybersecurity Startups (2): Siga elevates OT cybersecurity to "Level Zero"
It is critical to have security systems in place that prevent any unauthorized personnel from gaining access to your company's system. If an attacker were able to, they could gain control over the victim's programmable logic controllers (PLCs) and al.....»»
Klarna"s Valuation Slashed by $39 Billion Amid Fintech Rout
Klarna Bank's valuation has been slashed to $6.7 billion in its latest funding round, in a dramatic reversal for one of Europe's most high-profile startups. From a report: The buy-now-pay-later giant said it raised $800 million from new and existing.....»»
Baserow Challenges Airtable With an Open Source No-Code Database Platform
An anonymous reader quotes a report from TechCrunch: The burgeoning low-code and no-code movement is showing little sign of waning, with numerous startups continuing to raise sizable sums to help the less-technical workforce develop and deploy softwa.....»»
What May Be Coming To Startups, 2022 Edition
Elad Gil, a high-profile angel investor, writes: The high level view is that things have yet to get truly bad in private tech. 2021-2022 were an anomaly due to COVID policies which both created an incredibly cheap low interest money environment, pump.....»»