Tag: technology development article

Technology News

Nordic Technology Group Reports Full Year 2023 Earnings

Nordic Technology Group (OB:NTG) Full Year 2023 Results

Key Financial Results

  • Net loss: kr139.3m (loss narrowed by 36% from FY 2022).
earnings-and-revenue-history
OB:NTG Earnings and Revenue History March 5th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nordic Technology Group shares are up 1.2% from a week ago.

Risk Analysis

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Technology News

Honda and Nissan will partner on developing EVs

TOKYO (AP) — Nissan and Honda announced Friday that they will work together in developing electric vehicles and auto intelligence technology, sectors where Japanese automakers have fallen behind.

The chief executive of Nissan Motor Co. and Honda Motor Co. appeared together at a news conference in Tokyo to announce that Japan’s second and third biggest automakers will look into areas with a potential for collaboration.

The details of the non-binding agreement are still being worked out, both sides say. The executives said the companies will develop core technologies together, but their products will remain different.

Nissan Chief Executive Makoto Uchida stressed that speed is crucial for the companies in developing technological solutions.

“We don’t have time,” he said. “It is significant that we have reached this agreement based on a mutual understanding that Honda and Nissan face common challenges.”

Honda President Toshihiro Mibe said the companies share common values ​​and could create “synergies” in facing their formidable rivals.

The world’s automakers are rapidly shifting toward electric vehicles, focusing on batteries and motors instead of gas engines, as concerns grow about emissions and climate change.

But Japanese automakers have fallen behind rivals such as Tesla of the US and BYD of

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