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Researchers at Monash University have developed lightweight lithium sulfur batteries with twice the energy density of traditional lithium-ion batteries, enabling faster charging and discharging. This breakthrough, inspired by betadine chemistry, could revolutionize electric vehicles and aviation, offering longer ranges and reduced costs. The technology is poised for commercial application, with a startup launched to attract investment and further enhance performance.
ChatGPT, launched two years ago, has become the fastest-growing app in history, amassing around 200 million active users. Initially underestimated, it has outperformed competitors like Alexa and Siri, prompting significant changes in education and other sectors as its influence continues to unfold.
Mahindra and Mahindra has unveiled its new BEVs, the BE 6e and XEV 9e, featuring 59kWh and 79kWh batteries, offering ranges of approximately 535-542km and 656-682km, respectively. Both models include premium features and will begin bookings in January 2025, with retail expected by February/March 2025. The company maintains a 'BUY' rating with a target price of Rs 3,456, reflecting strong growth potential in its EV business and subsidiaries.
Volkswagen Group and SAIC have extended their joint venture to 2040, enhancing their collaboration in the rapidly evolving Chinese automotive market. This long-term agreement aims to accelerate the electrification of vehicles, optimize production efficiency, and implement ambitious decarbonization initiatives, ensuring a competitive edge in intelligent electric mobility. The partnership, which has lasted 40 years, focuses on developing new electric models and maintaining a leading market position in smart technologies.
Mid-tier IT firms are increasingly pursuing acquisitions to navigate a demand slowdown caused by macroeconomic challenges. Companies like Sonata Software, eClerx, and RateGain are focusing on strategic investments to enhance capabilities and market presence. Sonata anticipates revenue growth in FY25, while Cyient and Newgen Software are leveraging strong vertical performance and opportunities in the Middle East, respectively.
SAIC's sales heavily rely on the Wuling Mini EV and Bingo, with these models accounting for a significant portion of its overall sales. In contrast, competitors like Changan and Chery are experiencing growth by shifting their focus to higher-priced models, while Leapmotor is expanding its market presence through a joint venture with Stellantis.
Renault SA is expanding its electric vehicle operations in China, a market where it currently does not sell cars, to enhance its EV technology and production speed. The French automaker has hired around 200 employees in Shanghai, primarily hardware engineers, to develop a sub-€20,000 electric Twingo, with plans to recruit software engineers as well.
Sonata Software's shares rose over 3% to an intraday high of Rs 649 on November 28, following a multi-million-dollar modernization deal in Australia with a leading access solutions client. The agreement aims to streamline and standardize business processes across 13 countries in the APAC region, enhancing operational efficiency and real-time collaboration among stakeholders. Chief Revenue Officer Anthony Lange emphasized the focus on automating end-to-end processes using Microsoft’s technology to ensure scalability and seamless adoption for the client.
Hamburger Hochbahn AG has ordered 350 electric buses from Daimler, specifically the Mercedes-Benz eCitaro and eCitaro G models, due to their low total cost of ownership and ease of repair. This contract supports Hamburg's goal of transitioning to a 100% zero-emissions bus fleet by the early 2030s. The eCitaro, awarded the 'Electric Bus Champion' title in 2024, features advanced safety systems and will operate on green electricity.
The Vega C rocket's launch of the Sentinel-1C satellite has been delayed by a day due to precautionary checks, now scheduled for Dec. 4 at 4:20 p.m. Eastern. This mission is crucial for replacing the malfunctioned Sentinel-1B and enhancing Europe's Earth observation capabilities. The Vega C's return follows a redesign of its Zefiro-40 motor after a previous launch failure, with officials expressing confidence in the rocket's readiness.
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