News
Renault to cut up to 20% of its engineers amid competition from Chinese manufacturers
2+ mon, 3+ week ago (235+ words) Turkmenportal.com French automaker Renault plans to cut 15 to 20% of its engineering and technical staff over two years, according to Reuters and Bloomberg. The company's technical workforce totals approximately 11 to 12 thousand people, meaning up to 2400 employees could be affected. As…...
The world's largest underground redox battery, with a capacity of over 1.2 GW, is being built in Switzerland
1+ mon, 1+ week ago (271+ words) Swiss company FlexBase has begun construction on the world's largest underground energy storage facility based on a redox flow battery. The facility is being built in Laufenburg, canton of Aargau, on a site known as the "Star of Laufenburg"—a…...
Xpeng is in talks to acquire a Volkswagen plant in Europe
1+ mon, 4+ week ago (193+ words) Chinese electric vehicle manufacturer Xpeng is discussing the possibility of acquiring production facilities in Europe, including from German automaker Volkswagen, according to the Financial Times, citing Elvis Chen, the company's managing director for northeastern Europe. According to Cheng, Xpeng is…...
Volkswagen will cut 19 thousand jobs by the end of 2026
2+ day, 23+ hour ago (223+ words) Turkmenportal.com German automaker Volkswagen will carry out significant staff layoffs as part of its ongoing restructuring. According to Reuters, the company will lay off approximately 19 thousand employees by the end of 2026. CEO Oliver Blume intends to announce the next…...
Toyota has cancelled the new Lexus electric vehicle project
3+ week, 6+ day ago (240+ words) Toyota Motor announced the cancellation of the Lexus LF-ZC electric vehicle project, whose development was nearly complete. The decision to cancel was made at a meeting originally planned to discuss investment in tooling for the model's mass production, drom.ru…...
Tesla's largest 2,3 GWh energy storage facility opens in Arizona
4+ week, 13+ hour ago (142+ words) Turkmenportal.com A large-scale energy storage system based on Tesla Megapack technology has begun operating in Maricopa County. The 560 million USD facility comprises 594 battery modules with a total capacity of approximately 2,3 gigawatt-hours, making it one of the largest such facilities…...
China's FAW Trucks is expanding its presence in Turkmenistan
4+ week, 15+ hour ago (191+ words) Chinese truck manufacturer FAW Trucks (China First Automobile Works) recorded record demand for its vehicles in Turkmenistan in the first quarter of 2026, according to ES “Shanly Kerven”, the company's official distributor in Turkmenistan. It should also be noted that ES…...
Musk became the first trillionaire in history: SpaceX IPO increased his fortune to 1,1 trillion USD
4+ week, 20+ hour ago (175+ words) The SpaceX IPO has made what seemed impossible just a few years ago possible – Elon Musk has officially become the first trillionaire in human history. SpaceX announced an offering price of 135 USD per share, valuing the company at approximately 1,77 trillion…...
Elon Musk announced release of 'Smartest AI on Earth"
1+ mon, 13+ hour ago (106+ words) Elon Musk announced release of 'Smartest AI on Earth' Turkmenportal.com Elon Musk is preparing to introduce an updated version of the Grok chatbot, which, according to him, will be a revolutionary breakthrough in the field of artificial intelligence. Information…...
Volkswagen Group has acknowledged the inefficiency of its business model
1+ mon, 16+ hour ago (12+ words) Turkmenportal.com...