Hadrian founder and CEO Chris Power got tired of turning startups away. Since 2020, Power has raised $ 220 million for Hadrian, a largely autonomous factory that mass produces parts for space and defense companies. While Hadrian has produced parts for major defense companies, it had to turn away some defense tech startups because startups […]
Tracking the EV battery factory construction boom across North America
The onshoring of battery manufacturing for EVs started as a trickle during the COVID-19 pandemic. Then it turned into a tsunami. In 2019, just two battery factories were operating in the United States with another two under construction. Today there are about 34 battery factories either planned, under construction or operational in the country. U.S. […]
20 Bodies Found At Site Of Tragic Factory Fire In South Korea
In a devastating incident in Hwaseong, South Korea, more than 20 bodies have been recovered from the site of a fire at the Aricell factory, a producer of primary batteries. The blaze erupted in Building 3 of the factory, which reportedly housed approximately 35,000 finished lithium batteries. | Yonhap The fire began around 10:31 AM […]
Rivian wins $827M incentive package to expand Illinois factory for R2 production
Rivian is getting $ 827 million in incentives from the state of Illinois to support building its next-generation electric vehicle, known as the R2. Rivian announced Thursday that the State of Illinois Department of Commerce and Economic Opportunity will dole out the funds, which will be used to expand the automaker’s existing factory in Normal, […]
Nvidia CEO wants enterprise to think ‘AI factory,’ not data center
In Monday’s keynote at Nvidia’s GTC 2024 event, CEO Jenson Huang kept repeating the phrase “AI factory.” “In the last Industrial Revolution, the raw material that went into the factory was water,” Huang told TechCrunch in an interview after the keynote. “And the product was electricity.” He was comparing this — turning raw material into […]