The owner of Saudia airline and budget carrier Flyadeal, invited COMAC to establish an assembly line in Jeddah.
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Meanwhile, Tesla shares were down 3.5% on Thursday, falling about 30% this year, slowing growth in EV demand.
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INDUSTRY NEWSLatest NewsNEW LAUNCHES
Zagato AGTZ Twin Tail revealed ahead of public debut at FuoriConcorso
Based on the Alpine A110, the AGTZ Twin Tail is Zagato’s modern take on the Alpine A220 Le Mans racer.
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Brand new battery technology to be trialled on TransPennine train
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INDUSTRY NEWSLatest News
AI-generated videos expected to increase demand for Nvidia chips, says CEO Jensen Huang
Other Nvidia customers, including Google DeepMind and Meta Platforms, have also released AI platforms for image or video generation.
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Global oil prices steady as market weighs interest rate concerns and seasonal demand uptick
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INDUSTRY NEWSLatest News
Tesla abandons 20 million vehicle delivery target, shifts focus to robotaxis
Tesla drops delivery goal of 20 million vehicles a year from the latest impact report published on Thursday – a telling sign that the company …
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Both Ultium Cells and Redwood Materials have reiterated their environmental responsibility in the EV industry.
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Simr’s new Simulation Operations Automation (SimOps) platform lets teams iterate and test their ideas more efficiently and cost-effectively.
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In the four-year exploration phase, five sub companies of CNOOC will be undertaking the operations.