Boeing’s defense unit reported $139 million in total losses on three of its key fixed-price development programs in the last quarter of 2023, the company reported Wednesday.
The firm confirmed to Defense News on Thursday that the losses were on the KC-46A Pegasus refueling tanker, the T-7A Red Hawk jet trainer and the MQ-25 Stingray refueling drone. Boeing declined to say how much each program…
Premium e-bike brand Gocycle unveils the sleekest-looking cargo bike you've ever seen
February 2, 2024
If you know anything about Gocycle, you’ll know that they make fancy electric bikes designed with sleek, exotic designs. Now, the company is leaning hard into its lightweight, futuristic design legacy as it unveils the new Gocycle CXI Family Cargo Bicycle.
And it makes…
Elon Musk is in a full propaganda campaign to gain Tesla shareholder support against the court’s decision to rescind his CEO compensation plan and now announced that he is going to move for a shareholder vote on moving Tesla’s state of incorporation to Texas.
Earlier…
Volvo breaks up with Polestar and sees its shares soar
February 2, 2024
More bad news for Polestar. The struggling luxury EV maker just lost its funding from Volvo, which is handing full responsibility for the brand over to China’s Geely. However, Volvo is letting them down easy, saying it’s a “natural evolution” for the two brands.
After announcing the split yesterday, Volvo saw as much as a 30% jump in its shares, according to Bloomberg. And that is exactly…
EV shopping beats buying an ICE vehicle, according to buyers
February 2, 2024
Electric vehicle buyers reported the highest satisfaction with the process last year. With 80% of new EV buyers saying they were “highly satisfied” with the process, buying an EV was reportedly much easier than an ICE vehicle.
EV buyers are happier with the…
Quick Charge Podcast: January 31, 2024
February 2, 2024
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players.
New episodes of Quick Charge are recorded Monday through Thursday and again on…
Contemporary Amperex Technology (CATL), the world’s largest EV battery maker, is going to build its own $1.83 billion offshore wind farm.
The Chinese EV battery and battery storage giant’s offshore wind farm, which will be sited near the company’s headquarters in Ningde in southeastern Fujian Province, will provide clean energy to power its own operations, reports Caixin.
The Fujian…
The Russian Central Bank is discussing the possible use of central bank digital currencies as a payment method in foreign trade, according to Elvira Nabiullina, the bank’s governor. Nabiullina stated that while Russia is opposed to the use of crypto payments in domestic…
Bullish on Bitcoin: Global Survey Respondents Anticipate BTC Price Spike to $60K and Beyond in 2024
February 2, 2024
A recent international survey by Bitget has illuminated the crypto market’s hopeful perspective, drawing insights from close to 10,000 individuals across areas such as West Europe, East Europe, Southeast Asia, East Asia, MENA, and Latin America. More than half of the…
The Celo Foundation has partnered with Circle to bring USDC, a leading stablecoin, into its network. This integration not only diversifies Celo’s stablecoin offerings but also positions USDC to become an official gas currency on the blockchain.
Celo Embraces USDC for Enhanced Digital Currency Functionality and Gas Payments
The Celo Foundation has announced that Circle will make its US Dollar…
