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South Korean battery maker SK On believes that solid-state batteries could give it the edge it needs to compete with China in the electric vehicle industry. The company says these next-generation batteries will first be used in pouch-type cells, a format in which it already has strong expertise. SK On’s research and development chief recently … Continue reading “South Korean Firm Sees Solid-State Batteries as a Way to Outcompete China”

As the world moves towards cleaner energy, retired electric vehicle (EV) batteries are finding a new purpose. Utility companies and energy firms are now looking at these used batteries as a low-cost solution for large-scale energy storage. One company leading this change is B2U Storage Solutions, based in California. B2U is repurposing old EV batteries … Continue reading “Utility Firms Eye Retired EV Batteries for Energy Storage”

Huawei, a popular Chinese tech company, has made bold claims about a new solid-state battery that could change the electric vehicle (EV) market. According to a new patent, this battery might power an EV for up to 1,800 miles (around 3,000 kilometers) on a single charge and can recharge in less than five minutes. While … Continue reading “Questions Mount Regarding Huawei’s Solid State Battery Running for 1,800 Miles”

Barclays, one of the most well-known banks in the United Kingdom, is preparing to cut more than 200 jobs from its investment banking division. This decision is part of the bank’s ongoing efforts to improve performance and channel more resources into business areas with stronger growth prospects. The job cuts are expected to affect around … Continue reading “Barclays to Slash Over 200 Jobs from its Investment Banking Unit”

Elon Musk, the CEO of Tesla, once argued that the federal electric vehicle (EV) tax credit of $7,500 should be scrapped. He believed Tesla could succeed without government help and even suggested that all subsidies, including those for oil and gas companies, should be removed. But recently, both Musk and Tesla have taken a different … Continue reading “Why Tesla, Musk are Switching Their Positions on EV Tax Credits”

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, has officially announced the general availability of its Advantage2 annealing quantum computing system. The launch marks the debut of what the company calls its most performant system yet, delivering energy-efficient, scalable quantum processing capable of tackling problems beyond the capabilities … Continue reading “D-Wave Quantum Inc. (NYSE: QBTS) Launches Commercial Availability of Advantage2(TM) Quantum System”

Standard Chartered, also known as Stanchart, is making big moves in the world of investment banking. The bank has set up a new team in the United States to focus on private equity firms, hedge funds, and other big financial investors. This is part of its plan to grow its investment banking business and earn … Continue reading “Stanchart Creates Private Equity Unit in the US to Strengthen Investment Banking”

German authorities have confiscated around $38 million worth of cryptocurrency from an exchange known as eXch, a platform suspected of helping cybercriminals launder stolen funds. This includes money linked to the $1.4 billion Bybit hack that happened earlier this year. The bust was announced on May 9, 2025 by Germany’s Federal Criminal Police Office (BKA) … Continue reading “German Authorities Confiscate Crypto Worth $38m from Exchange Linked to Bybit Hack”

Ford Motor Company has started 2025 on a stronger note, showing signs of progress in its electric vehicle (EV) business. In the first quarter, the company’s Model e division, which focuses on electric cars, recorded a big jump in sales and a smaller financial loss compared to last year. According to the latest reports, Ford … Continue reading “Ford Reports Increased EV Sales, Dents its Losses”