Israel-based REE Automotive, which recently announced its merger with 10X Capital Venture Acquisition to go public, announced the establishment of a new cutting-edge engineering center of excellence at MIRA Technology Park in the UK. The new center will accelerate REE’s strategic plans to meet expected global demand for its REEcorner platform technology and electric vehicle […]
For the first time, annual robot orders from non-automotive sectors exceeded orders for automotive robots, as sales of robotics units in North America increased 3.5% in 2020 from 2019. This growth was driven by a strong fourth quarter which was the second best quarter. never for robot sales in North America with an increase of […]
Major players in the Indian automotive sector have welcomed the Centre’s decision to separately announce a voluntary vehicle scrapping policy to phase out old and unsuitable vehicles. When submitting the Union budget for 2021-2022, Finance Minister Nirmala Sitharaman said that the policy would help encourage fuel-efficient and environmentally friendly vehicles, thereby reducing vehicle pollution and […]