China controls 91% of global rare earth refining and 94% of permanent magnet manufacturing. European officials are scrambling to secure supplies while remaining at Beijing’s mercy for critical components.
The smartphone maker’s electric vehicle division reported $98.5 million in gross profit last quarter. Xiaomi delivered over 100,000 EVs in Q3, up from 40,000 a year earlier.
Valmet is delivering a comprehensive automation solution to Seongnam City’s new waste-to-energy facility in South Korea. The plant will process 500 tonnes of municipal waste daily and generate up to 9.9 megawatts of electricity when operational in early 2028. This represents another major automation
ST Engineering is divesting its 49% stake in Shanghai STARCO, concluding a 21-year maintenance partnership with China Eastern Airlines. The Chinese carrier will pay $94 million for the shares in two installments through 2026. The move comes as both companies focus on their individual growth strategi
Video analytics and coaching from Arrowsight led to a dramatic 70% reduction in workers’ compensation claims across nine major NYC construction sites. The results were so compelling that Zurich North America will now only insure construction wrap-up projects using this technology. This represents a
Jaguar Land Rover suffered massive losses after a cyber attack halted vehicle production for more than a month. The incident cost the company £196 million directly and contributed to a £485 million quarterly loss while slowing UK economic growth.
French electrical component manufacturer Socomec is making a major push into the US market with a $10 million investment in Georgia. The new facility near Suwanee will create 300 jobs and begin operations in early 2026. This move positions Socomec to better compete in North America’s growing energy
Forgis is developing edge software that connects existing industrial equipment into intelligent, self-optimizing systems. The startup claims early pilots show 30% downtime reduction and 20% throughput increases.
The US energy storage sector is undergoing a fundamental transformation as companies confront rising costs from tariffs and supply chain vulnerabilities. Industry leaders are pushing for domestic manufacturing and diversifying beyond lithium to technologies like vanadium flow batteries and advanced
ODA Architects collaborated with ICE Industrial Services to create Tiny House Lux, a 47 sq m home printed onsite in one week. The project aims to utilize awkward leftover urban plots that conventional construction can’t use. The finished home cost €320,000 but addresses Luxembourg’s severe housing s
