Electric vehicle industry

Japanese electronics giant Sony yesterday upgraded its annual sales and net profit forecasts, driven by strength in its music business and favorable foreign exchange rates.

The conglomerate said its annual net profit for the year to March 2024 should reach 860 billion yen ($6.0 billion), up from a previous estimate of 840 billion yen.

Sony upgraded its annual net profit forecast yesterday, saying it expects strong results in its key gaming sector as the weak yen inflates profits on products sold abroad.

The Japanese electronics and entertainment giant said net profit in the April-December period jumped five percent year-on-year to 809 billion yen ($6.3 billion).

The Minister of Infrastructure and Transport, Mr. Costas Karamanlis, spoke about e-mobility as a key pillar of transport development in Greece, at the 5th E-mobility Conference.

The first axis of the planning of the Ministry of Infrastructure and Transport is the renewal of the aging fleet of cars in Greece. At all levels: private cars, taxis, public transport.

• 41% of consumers surveyed plan to buy an electric vehicle (EV) as their next car, up 11 percentage points since November 2020
• Environmental concern is the top driver for purchasing an EV
• 66% of all consumers would be willing to pay a premium for an EV

The industrial giant ABB opens its newest plant in Bulgaria on September 17th. The new facility is the company's second investment in Petrich and the fifth manufacturing facility in the country, Automotive Cluster Bulgaria reports.

The company's new factory is the second greenfield investment of ABB Group in Petrich area and company's fifth factory in Bulgaria.The new 7'400 square metres factory will manufacture low-voltage products for ABB and will create an additional 420 jobs when fully operational, a press release reads.

At the Posidonia 2018 shipping fair in Athens on Tuesday ABB Turbocharging Greece & Cyprus and Limassol-based Multimarine Services Ltd signed an agreement for an ABB turbocharging service point to open at the Cypriot company's floating shipyard in Limassol in September.

The world’s largest maker of power grids, Switzerland’s ABB Ltd., said the intensifying standoff between Greece and its debtors is hurting the European economy as companies hold back investments.

ABB Bulgaria employed 400 new people over the past year and is planning to hire additional 200 employees by the end of 2015 at its second production plant in the town of Rakovski.

This was announced by representatives of the company on Thursday at a press conference on the occasion of the first anniversary since the opening of the second factory in Rakovski.

Hacking attacks that destroy rather than steal data or that manipulate equipment are far more prevalent than widely believed, according to a survey of critical infrastructure organizations throughout North and South America.