Manufacturing
Latest news, analysis, and updates on Manufacturing from A47 News.
3 stories in Business · Updated live
Slate Auto raises $650 million in Series C funding for electric pickup production
Slate Auto secured $650 million in a Series C funding round to advance production of its modular electric pickup truck. This funding comes as the company prepares to open preorders in June 2026 and aims for initial deliveries by late 2026, amidst a challenging EV market following the removal of federal tax credits. The long-term implication is that Slate Auto's success could influence the affordability and customization trends in the electric vehicle sector, potentially reshaping consumer expectations and market dynamics.
Volkswagen Group Reports 4% Decline in Q1 2026 Vehicle Deliveries Driven by Weak Demand in Key Markets
Volkswagen Group announced a 4% year-over-year decline in global vehicle deliveries for Q1 2026, totaling 2,048,900 units. This drop is primarily due to a significant decrease in demand in China and the United States, exacerbated by competitive pressures and policy changes. Looking ahead, Volkswagen aims to recover its market position through new electric vehicle launches in Europe and China amidst ongoing challenges in these key markets.
Lenovo Opens Regional Headquarters in Riyadh to Support Saudi Vision 2030
Lenovo inaugurated its regional headquarters for the Middle East, Turkey, and Africa in Riyadh on April 12, 2026. This strategic move aligns with Saudi Arabia's Vision 2030 initiative, aimed at attracting global corporations to establish regional hubs in the Kingdom. The establishment of this headquarters is expected to enhance local talent development and solidify Riyadh's position as a leading tech hub in the region.
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Slate Auto raises $650 million in Series C funding for electric pickup production
Slate Auto secured $650 million in a Series C funding round to advance production of its modular electric pickup truck. This funding comes as the company prepares to open preorders in June 2026 and aims for initial deliveries by late 2026, amidst a challenging EV market following the removal of federal tax credits. The long-term implication is that Slate Auto's success could influence the affordability and customization trends in the electric vehicle sector, potentially reshaping consumer expectations and market dynamics.
Lenovo Opens Regional Headquarters in Riyadh to Support Saudi Vision 2030
Lenovo inaugurated its regional headquarters for the Middle East, Turkey, and Africa in Riyadh on April 12, 2026. This strategic move aligns with Saudi Arabia's Vision 2030 initiative, aimed at attracting global corporations to establish regional hubs in the Kingdom. The establishment of this headquarters is expected to enhance local talent development and solidify Riyadh's position as a leading tech hub in the region.
Volkswagen Group Reports 4% Decline in Q1 2026 Vehicle Deliveries Driven by Weak Demand in Key Markets
Volkswagen Group announced a 4% year-over-year decline in global vehicle deliveries for Q1 2026, totaling 2,048,900 units. This drop is primarily due to a significant decrease in demand in China and the United States, exacerbated by competitive pressures and policy changes. Looking ahead, Volkswagen aims to recover its market position through new electric vehicle launches in Europe and China amidst ongoing challenges in these key markets.