Daily News: Reuters Technology News Headlines - LG Chem CEO says mulls electric car battery plant in China

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Saturday, Mar 01, 2014 04:05 PM PST
Today's Reuters Technology News Headlines - Yahoo! News: LG Chem CEO says mulls electric car battery plant in China Exclusive: Fared Adib, senior Sprint executive, departing - memo Honey, can you pick up a tablet at the grocery store?

LG Chem CEO says mulls electric car battery plant in China  Saturday, Mar 01, 2014 04:05 PM PST Chief executive of LG Chem said that the South Korean company was considering building an electric vehicle battery plant in China, expecting Beijing's efforts to tackle air pollution to drive demand. Park Jin-soo also said LG Chem, which currently supplies electric-car batteries for General Motors Co's Volt and Renault cars, will double the number of its customers to 20 in the near future. "We are considering it (the China car battery plant), which should be in line with market demand," Park said at a press briefing on Friday embargoed until Sunday morning. LG Chem currently has a factory in Nanjing, China producing small batteries for smartphones and other mobile devices, and Park said the firm is looking at not only Nanjing and other sites for the potential car battery factory. Full Story	Top
Exclusive: Fared Adib, senior Sprint executive, departing - memo  Saturday, Mar 01, 2014 12:50 PM PST Another senior executive is leaving Sprint Corp, the U.S. wireless company that has seen several key leaders exit since it was acquired last year by Japan's SoftBank Corp (9984.T). Fared Adib, a 12-year veteran of Sprint who was tapped by SoftBank to lead a new initiative last fall, has resigned from the Overland Park, Kansas-based company, according to an internal memo obtained by Reuters. "Fared has been serving on assignment as a senior executive with Sprint, SoftBank and Brightstar to explore the possibility of establishing a new buying entity," the memo said. We look forward to hearing more about his plans in the near future." David Owens, an executive in Sprint's product development unit, will succeed Adib, according to the memo. Full Story	Top
Honey, can you pick up a tablet at the grocery store?  Saturday, Mar 01, 2014 06:50 AM PST By Leila Abboud and Paul Sandle BARCELONA (Reuters) - Originally derided as a pricey niche product for geeks, tablet computers have become so common that supermarkets are now selling their own brands, pushing out low-cost rivals. And since Apple pioneered the tablet in early 2010, the gadgets now available at the lower end of the market are becoming commodity items that non-technology companies can order from Asian contractors using common components. "This opens the door for not only players that can survive on low margins, but also for companies that use hardware as a channel for something else." Tesco in Britain and Carrefour in France are selling their own branded tablets pitched at customers unwilling to pay $400 or more for an Apple or Samsung product. The retailers are not only trying to cash in on booming tablet sales, but also to nudge people to buy everything from films to groceries from their online stores, pushed through their devices, a lesson learned from Amazon and Google. Full Story	Top

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