StoreDot, a lithium-ion battery company, and BP, a multinational oil and gas company, stated in a press release that it has developed a proof-of-concept ultra-fast battery that it can charge a two-wheel electric vehicle in 5-minutes.
The new battery technology looks to improve electric vehicle ownership and help boost the adoption of electric vehicles.
In May 2018, both companies entered into a strategic partnership in an effort to strengthen the electric vehicle charging infrastructure ecosystem.
The retail giant announced that it’s offering same-day delivery on grocery essentials through Shipt, a company it acquired in 2017 for $550 million in cash.
Target stated that its new offering called, same day delivery shopped by Shipt, will be available through its main ecommerce channel on Target.com
According to the company, customers will have access to over 65,000 items delivered in an hour. The move looks to match growing demand in the space, and compete against other retailers such as Walmart and Amazon.
Hyundai Invests in a Self-Driving Technology Startup
The automaker announced that the “Hyundai Motor Company and Kia Motors Corporation have invested in Aurora to accelerate development of autonomous vehicle technologies.”
Both companies formed a strategic partnership to collaborate on self-driving technology on Hyundai’s flagship fuel cell vehicle NEXO.
The investment looks to expand autonomous vehicle research to a wide range of Hyundai and Kia models.