Author: MarketsandMarkets

Sono Motors unveiled production design of the “Sion,” an electric car partially powered by solar panels on the vehicle

On 4th March 2019, Sono Motors, a German electric vehicle start-up, unveiled an updated production design of the Sion, an electric car with full-surface integrated solar cells. These solar cells are embedded in hard-wearing and resilient polymer, which also contribute to the vehicle’s design aesthetic. The Sion is aimed at the European market. Sono Motors… Continue reading Sono Motors unveiled production design of the “Sion,” an electric car partially powered by solar panels on the vehicle

Tesla Plans to Launch a Robotaxi Network in 2020

Tesla plans to launch the first robotaxis as part of a broader vision for an autonomous ride sharing network in 2020, CEO Elon Musk said during the company’s Autonomy Day. Musk confirmed that there will be more than a million Robotaxis on road next year. Robotaxi is an upcoming megatrend in the automotive industry. It… Continue reading Tesla Plans to Launch a Robotaxi Network in 2020

Just Vertical, A Vertical Farming Equipment Manufacturer, Announced its Agreement with Nextech’s Aritize

Just Vertical (Canada), a manufacturer of home-based hydroponic farming solutions, announced its agreement with NexTech’s Aritize (Canada) on the 23rd of April 2019. Just Vertical manufactures hydroponic farming units which are integrated into home furniture to minimize space requirements for farming while also seeking to maximize farming functions in a residential environment. It provides a… Continue reading Just Vertical, A Vertical Farming Equipment Manufacturer, Announced its Agreement with Nextech’s Aritize

Stratolaunch creates History with Maiden Flight of All-Composite Space Launch Aircraft

On April 13, 2019, Stratolaunch System Corporation has successfully completed the maiden flight of the world’s largest all-composite aircraft, the Stratolaunch. The Stratolaunch aircraft enables convenient, reliable, and affordable access to space in a manner similar to that of any other aircraft. The aircraft is a mobile launch platform, the central reinforce wing of which,… Continue reading Stratolaunch creates History with Maiden Flight of All-Composite Space Launch Aircraft

Nintendo strengthens its position in VR market by launching low-priced headset

Nintendo, a Japanese multinational video game and consumer electronics company, is one of the largest video game companies. After the company failed to make an impact in the virtual reality (VR) industry with the launch of Virtual Boy, a 32-bit table-top video game console, in 1995, Nintendo reignited research into virtual reality and released the… Continue reading Nintendo strengthens its position in VR market by launching low-priced headset

Eaton’s acquisition of Ulusoy Elektrik in Turkey is likely to gain it more business access in the Middle East and Africa region

Eaton completed the acquisition of a controlling interest in Ulusoy Elektrik, a medium voltage product manufacturing company in Turkey, in April 2019. This transaction happened with the purchase of shares of nearly $214 million on a cash and debt free basis. With this acquisition, Eaton is likely to gain more access to electrical products market… Continue reading Eaton’s acquisition of Ulusoy Elektrik in Turkey is likely to gain it more business access in the Middle East and Africa region

Evonik, a Specialty Chemicals Company, announced its Distribution Agreement with Halchemix, Canada

Evonik (Germany), one of the largest specialty chemicals company, announced its distribution agreement for dairy feed additive with Halchemix (Canada). Evonik has four business segments—nutrition & care, resource efficiency, performance material, and services. It offers feed additives such as amino acid and probiotics under the animal nutrition business line of nutrition and care segment. While,… Continue reading Evonik, a Specialty Chemicals Company, announced its Distribution Agreement with Halchemix, Canada