DefenseNews

Pentagon to halt upgraded F-35 deliveries in July amid software woes

WASHINGTON — The Defense Department will stop accepting some newly built F-35 Joint Strike Fighters beginning next month as delays in upgrading the fighter drag on. The planned delivery halt of new fighters loaded with Technology Refresh 3 hardware means manufacturer Lockheed Martin may have to store dozens of the planes at its main factory in Fort Worth, Texas, for much of the rest of the year…
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DefenseNews

Lockheed teams with New York chipmaker to onshore production

WASHINGTON — Senate Majority Leader Chuck Schumer, D-N.Y., on Monday said he welcomes a new partnership between Lockheed Martin and New York semiconductor manufacturer GlobalFoundries meant to produce chips critical to national security systems. Schumer said the new…
Cleantech & EV'sNews

The EVengers? Hyundai unites with Samsung, SK, and LG to form an EV alliance

According to a new report, Hyundai Motor Group is forming a powerhouse EV alliance by joining forces with fellow South Korean tech giants Samsung, SK, and LG. After a successful introduction to the market, Hyundai Motor Group, including Kia and Genesis, has already revealed plans to become a top three global EV producer by 2030. The automaker is using the electric era to reimagine its brands, a…
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Cleantech & EV'sNews

Toyota shareholders protest EV stance with votes to oust longtime leader from the board

Toyota shareholders are sending a clear message at the Japanese automaker’s annual meeting this year – it’s time to go electric. Several investors have mentioned they have voted or plan to vote to remove longtime leader Akio Toyoda from the board over the automaker’s EV stance. Shareholders voice their opinion on Toyota’s EV stance After Akio Toyoda, the 66-year-old grandson to the…
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Cleantech & EV'sNews

NIO slashes EV prices and removes key free battery swap service

EV maker NIO revealed Monday it’s slashing prices on all of its models by $4,200 (30,000 yuan) in China in addition to ending free battery swapping services, effective immediately. NIO cuts EV prices to boost sales The move comes after NIO was the only major EV major in China to see a decline in monthly deliveries in May (down nearly 8%). NIO announced the news on its socials, as CEO William Li…
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