The Innovation Report
Trump Tariffs Help Push U.K. Auto Sector To Worst Production Figures In More Than 70 Years
The U.K.’s auto sector is reeling from its worst month for production since 1952—when the Morris Minor ruled the country’s roads and Queen Elizabeth ascended to the throne—as Trump’s tariff war added to a bearish environment for the country’s biggest carmakers. U.K....
BYD Takes Control In Another Key EV Market As Its Global Push Heats Up
The world’s leading electric vehicle (EV) maker is rapidly expanding overseas. After taking control of vehicle sales in Germany last year, BYD is about to do the same in another key overseas EV market. BYD to take control of EV distribution in Australia Last August,...
China Signs Deal With Russia To Build A Power Plant On The Moon — Potentially Leaving The US In The Dust
Russia has signed a deal with China to build a nuclear power plant on the moon. The Russian reactor will be used to power the International Lunar Research Station (ILRS), jointly led by China and Russia, and should be completed by 2036, according to a memorandum of...
Major OEMs Come Together To Establish New Australian Hydrogen Transport Forum
Three of the world’s leading automotive manufacturers have come together to establish a new forum that will promote an accelerated hydrogen transport industry throughout Australia. BMW, Hyundai and Toyota have joined forces to start the Hydrogen Transport Forum (ITF),...
3,500 Percent Solar Tariff Divides US Industry
An independent federal agency has backed imposing levies as high as 3,521 percent on China-linked solar imports from four Southeast Asian countries, writes Christa Marshall. The International Trade Commission concluded unanimously that U.S. manufacturers have been...
China Truck Market Expected To Be 50% Electric By 2028
Robin Zeng, the billionaire head of battery giant CATL, expects half of all new trucks sold in China will be electric-powered by 2028, a forecast that heralds huge disruption for the global market in heavy goods vehicles. In an interview with the Financial Times to...
Road Emission Policies Could Save 1.9M Lives By 2040
Smart policies addressing road transport emissions could save 1.9 million lives and prevent 1.4 million new children's asthma cases worldwide by 2040, according to a new study. This translates to preventing 310 premature deaths and 230 new children's asthma cases per...
Thune Clears Way For Vote On Ending California’s EV Mandate
Senate Majority Leader John Thune, R-S.D., has overcome Democrat opposition to proceeding to a vote this week on overturning California’s electric vehicle mandate. In a 53-to-46 party-line vote, the Senate on Wednesday moved to proceed with a vote on revoking a...
FAA Gives Amazon’s Drones Go-Ahead To Carry Lithium-Ion Batteries
If you live in Arizona or Texas, you may want to invest in some flame-resistant umbrellas. Amazon announced Tuesday that it received approval from the Federal Aviation Administration to deliver devices equipped with lithium-ion batteries via its Prime Air...
Robots May Soon Be A Common Sight, Warns OpenAI CEO Sam Altman
OpenAI CEO Sam Altman believes the world has yet to witness the full extent of AI’s transformative potential—particularly with the emergence of humanoid robots. In a recent interview withBloomberg, Altman stated that while many focus on AI replacing...
