Lucid Group, the maker of electric vehicles, unveiled its upcoming Gravity SUV at its Technology & Manufacturing Day, showcasing its advanced technologies and cost-effectiveness. The company also announced record deliveries and revealed its next-generation Atlas Drive Unit, slated for future midsize vehicles.
Moderna’s new manufacturing facility in Laval, Quebec, has secured a Drug Establishment License from Health Canada, marking a significant step towards the company’s goal of producing mRNA vaccines within Canada. The site will begin manufacturing a range of respiratory vaccines, including COVID-19, RSV, and influenza, beginning in 2025.
HSG Laser’s new GV Series Laser Cutting Machine boasts an impressive 60kW of power, setting a new standard in fiber laser cutting technology. This machine offers high-speed cutting of thick materials, surpassing traditional plasma and flame cutting methods. Its impressive performance, advanced features, and automation capabilities make it an ideal solution for manufacturers looking to boost productivity and optimize their operations.
India’s ambition to become a global manufacturing hub faces a delicate balancing act between promoting indigenous players and allowing continued Chinese involvement in the electronics sector. While the government pushes for ‘Indianisation’ of Chinese operations, the country lacks the necessary infrastructure and skilled workforce for complete self-reliance. The article explores the challenges and opportunities in India’s pursuit of manufacturing independence.
This article delves into the alarming decline of male employment in the United States, highlighting the stark contrast between the Biden-Harris administration’s claims of economic recovery and the reality faced by American men. Despite a supposed manufacturing revival and historic economic recovery, the article argues that these claims are based on misleading statistics and fail to address the root causes of the crisis. The author calls for a focus on pro-American industrial policies, vocational training, and elimination of marriage penalties in the tax code to improve the fortunes of working-age men.
Lucid Group, known for its advanced electric vehicles, will host a Technology & Manufacturing Day on September 10th, featuring a live stream from its Arizona factory. The event will spotlight the upcoming Lucid Gravity SUV, its cutting-edge technologies, and the cost-effectiveness of its manufacturing processes. Attendees will also experience factory tours and test drives of the Lucid Gravity and Air Sapphire.
The U.S. manufacturing sector continued its contractionary trend in August for the fifth consecutive month, although the rate of decline eased slightly compared to July. While still contracting, the sector’s performance contrasts sharply with the continued growth of the services sector, which is driving broader economic expansion.
Speyside Equity Advisers has completed the acquisition of Reed Minerals from Enviri Corporation. This move will allow Speyside to invest in Reed Minerals’ growth, expanding its offerings of abrasive blasting media and roofing granules across North America. The acquisition emphasizes Speyside’s commitment to middle-market investments in manufacturing and distribution, particularly those with complex operational needs.
South Korea’s manufacturing sector saw a surge in activity in August, reaching its highest growth rate in over three years, despite a decline in foreign demand. This growth was driven by increased domestic demand and a slowdown in input price inflation.
Nvidia’s new Blackwell AI chips, designed to be larger and more powerful than their predecessors, are facing manufacturing challenges, impacting profit margins and production yields. Despite these hurdles, analysts remain optimistic about Nvidia’s future, citing strong demand for its chips in the data center and generative AI markets.
