October 20, 2021
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“American Factory” Owner Fuyao Glass To Raise $550 Mln, Eyes Solar Market

China-based Fuyao Glass Industry Group, whose U.S. plant was the subject of the Oscar-winning documentary “American Factory” in 2020, plans to raise to HK$4.3 billion, or $550 million, in a stock sale amid improvement in its business this year, according to a Hong Kong Stock Exchange filing on Sunday. The glass supplier, whose auto industry cust...
Business Consumer Tech Consumertech Innovation Manufacturing Technology

The World’s First Robotics Venture Factory Is On ‘Robot Island’ In Denmark

There are more than 10,000 robot companies in China. Reportedly, less than 5% of them are doing well. But what if they didn’t all have to reinvent the wheel? Or the servomotor. Or computer vision, spatial recognition, natural language processing, gripping, navigating, or any of a host of different problems that robots need to understand in orde...
autos Business Editors' Pick Energy Innovation Manufacturing Sustainability Transportation

Tesla Extends Profit Streak On Strong Q1 Sales Of Electric Car–And Pollution Credits

Tesla stayed profitable in the first quarter, posting earnings and revenue figures that topped consensus expectations, helped by the electric-car maker’s robust first-quarter vehicle deliveries and sales of pollution credits to other automakers. The company also said it’s targeting annual growth in deliveries of 50% a year. The Palo Alto, Califor...