Volkswagen and PowerCo to build North American battery factory in Canada

March 13, 2023

Volkswagen Group and its battery company PowerCo have picked Canada for its first overseas battery cell factory. The plant, located in St. Thomas, Ontario, will produce battery cells beginning in 2027, according to the German automaker. PowerCo, a VW company that launched in July 2022, will handle the automaker’s global battery business including sourcing raw […]

Volkswagen and PowerCo to build North American battery factory in Canada by Kirsten Korosec originally published on TechCrunch

Apple’s AR/VR headset reportedly being pushed out due to ‘huge pressure to ship’

March 13, 2023

Stop me if you’ve heard this one before: Apple is building a mixed reality headset that’s set to ship this year. The company’s MR (AR+VR) hardware ranks among its longest-lasting rumor cycles. Some (Apple Watch) have borne fruit. Others (that pesky Apple TV set) not so much. The category doesn’t feel like a foregone conclusion […]

Apple’s AR/VR headset reportedly being pushed out due to ‘huge pressure to ship’ by Brian Heater originally published on TechCrunch

China’s robotaxi upstart WeRide confidentially files for IPO: Bloomberg

March 13, 2023

WeRide.ai, one of the most funded Chinese robotaxi operators, has confidentially filed to go public in the U.S., Bloomberg reported on Monday. The company declined to comment when reached by TechCrunch. China’s autonomous driving startups have been racking up hefty investments in the past few years to fuel their technology development and fleet deployment, which […]

China’s robotaxi upstart WeRide confidentially files for IPO: Bloomberg by Rita Liao originally published on TechCrunch

Porsche adds all-electric flagship SUV to its growing EV lineup

March 13, 2023

Porsche said Monday it will add a full-sized all-electric SUV to its lineup — slotting above several other upcoming EVs — as part of its goal for 80% of all new sales to be EVs by 2030. Porsche didn’t share many details about the all-electric SUV, including its name, price point or specific production date. The […]

Porsche adds all-electric flagship SUV to its growing EV lineup by Kirsten Korosec originally published on TechCrunch

Some international regulators froze assets of local SVB branches

March 13, 2023

As the situation is starting to solidify around Silicon Valley Bank, many international companies that interacted in one way or another with the regional U.S. bank are now trying to understand the implications of the bank failure. Regulators in Canada and Germany have decided to freeze Silicon Valley Bank’s branches in these respective countries — […]

Some international regulators froze assets of local SVB branches by Romain Dillet originally published on TechCrunch