Chip shortage? Some industries have too many
It’s getting complicated for investors in semiconductor stocks, with last year’s big chip shortage morphing into an inventory glut for some companies, and others getting caught up in geopolitics.
Cruise self-driving crash in San Francisco resulted in injuries
A self-driving vehicle operated by Cruise was involved in a June 3 crash in San Francisco which resulted in injuries to occupants in both vehicles, according to a report the company filed with California regulators.
VinFast poised to open first of 30 California showrooms
Vietnamese automaker VinFast will open its first six of 30 showrooms in California this month. The new EV maker plans deliveries of VF 8 and VF 9 crossovers this year.
Interest in EVs and low-carbon fuels is growing, Consumer Reports says
The 2022 survey says 14 percent of the respondents interested in EVs indicated they would definitely buy or lease an EV — a 10-point increase from the 2020 survey.
VinFast partners with ProLogium on solid-state EV batteries
Vietnamese automaker VinFast has signed a deal with Taiwanese solid-state battery maker ProLogium to secure EV batteries starting from 2024. VinFast expects to launch its first EVs in the U.S. this year.