Recent Posts

SoftBank next robot target is Berkshire Grey

Bloomberg SoftBank Group Corp. offered to buy all shares in robot maker Berkshire Grey Inc. it doesn’t already own in a $218 million deal, in a foray into logistics automation after halting almost all investment activity for months. The global tech investor has sent a non-binding letter of interest, offering to buy Berkshire shares for $1.30 a piece, according to ...

Read More »

Ford plans to build EV battery plant in Michigan with Chinese partner

  Bloomberg Ford Motor Co. and Contemporary Amperex Technology Co. Ltd. plan to build a battery plant in Michigan, capping a monthslong search that became mired in geopolitical tensions between the US and China. The multibillion-dollar facility, to be located about 100 miles west of Detroit, is expected to create about 2,500 jobs. The agreement could be announced as soon ...

Read More »

Coupang turns to thousands of robots in bid for profit

  Bloomberg Coupang Inc, the South Korean e-commerce pioneer that has lost billions of dollars since its founding, is rolling out an army of robots at fulfillment centers in a bid to reach profitability. Korea’s answer to Amazon.com Inc., Coupang burned cash by building distribution centers around the country that could help it push the boundaries of speedy delivery with ...

Read More »
Send this to a friend