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Varta, the German company specializing in the production of batteries for large storage systems of solar energy, intends to switch to mass production of lithium-ion batteries for electric vehicles. In order to compete successfully in this sector in the Asian market, Varta began to cooperate with the Fraunhofer Research Institute. Germany has a government program of 1 billion euros aimed at supporting domestic companies planning to produce batteries for electric vehicles. The second objective of this program is to protect jobs in connection with the transition from the production of internal combustion engines. Varta is currently the only mass producer of batteries in Germany.
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
BMW’s head of influential work council said that they must head toward a technology platform specifically for electric cars, moving away from only developing cars that can be refitted with either electric or combustion engines. "Only ...
Lufthansa’s Chief Executive Officer Carsten Spohr announced on Sunday that the company would seek to avoid grounding and insolvency before a showdown between the airline’s biggest shareholder and the German government over the ...
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