GM Backed Charge Enterprises Electric Car Charge Company Bankrupt

Charge Enterprises built electric charging for dealers, hotels and other business customers. They made as much as $750 million per year in revenue but almost always had losses. GM and Stellantis were among the funders and customers of Charge Enterprises. In August 2023, GM, Honda, BMW, Mercedes-Benz, Hyundai, Kia, and Stellantis announced a $1 billion …

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China’s Overall Hybrid and Battery Electric Car Sales Weak in Q1

Chinese wholesale passenger NEVs (New energy vehicles, battery and hybrid) in February were 441,000 units, down 11 percent from a year ago and down 37 percent from January, according to the CPCA (China Passenger Car Association). Cumulative wholesale sales of Chinese passenger NEVs so far this year totaled 1.123 million units, up 27 percent year-on-year. …

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Apple Electric Car Project Cancelled After Billions Spent

Bloomberg reports that the Apple electric Car project has been cancelled after a decade and many billions of dollars spent. Many of the Apple staff will shift to working on generative AI. There were about 2000 people working on the Apple electric car project. In 2018, there were around 5,000 employees working on the project. …

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Terra Quantum Will Use Quantum Neural Networks and New Qubits

Terra Quantum is working with leading steel manufacturer POSCO Holdings (top Asian Steel company) to deploy quantum AI for optimizing steel production, specifically focusing on POSCO’s advanced blast furnaces. They will demonstrate the potential of Quantum Neural Networks to enhance efficiency, targeting tangible outcomes such as reduced emissions and energy consumption. Terra Quantum researchers were …

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