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China's CATL Reshuffles Management As Billionaire Executive Exits
China's CATL said its vice chairman and deputy general manager Huang Shilin had resigned and would leave the battery maker to explore business opportunities elsewhere.
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Shenzhen Accelerates China's Driverless Car Dreams By David Kirton
On a busy downtown street three delivery bikes suddenly dart over the pedestrian crossing ahead of the car. On the car's dashboard they look like small 3D blue blocks from a 1990s video game.
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Nikola To Buy Battery Supplier Romeo Power For $144 Million
Nikola Corp has agreed to buy battery supplier Romeo Power Inc for about $144 million in stock, the electric truck maker said on Monday, in a move that will help jumpstart its efforts to make battery packs.
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Carmaker BYD To Recall More Tang DM Hybrids In China Over Battery Faults - Regulator
Chinese carmaker BYD Co Ltd is recalling more Tang DM vehicles due to faults with the battery pack trays which pose water inflow risks, the country's market regulator said.
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India Shares End At Three-Month High Riding On Auto Rally
Indian shares kicked off August on a positive note, with benchmark indexes hitting a three-month high led by a rally in automobile stocks on the back of robust monthly sales data.
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Factbox-Automakers Accelerate Drive To Secure Battery Raw Materials
Rising demand for EV around the world is encouraging automakers such as Tesla, Volkswagen and Stellantis NV to step up efforts to secure raw materials needed for making batteries.
Read More →China's CATL To Develop New Battery Materials To Improve Energy Density - Report
CATL is working on new battery materials that can improve energy density by 10% to 20% compared to iron phosphate batteries.
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Ford Cuts 3,000 Jobs As It Pivots To EVs, Software
Ford will cut a total of 3,000 jobs, mostly in North America and India, as it restructures to catch up with Tesla.
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Maruti Open To Partnerships To Secure Supply Chain
Maruti Suzuki is open to forming partnerships with auto part makers to secure its future supply chain and maintain its leadership position.
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Xiaomi In Talks With BAIC To Produce Electric Cars - Report
Xiaomi is eyeing an electric vehicle (EV) production tie-up with Beijing Automotive Group Co (BAIC).
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Oil Prices Rise On Signals OPEC Might Cut Output
Oil prices ended higher, boosted by signals that OPEC could cut output.
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Tesla Supplier Panasonic Plans Additional $4 Billion U.S. EV Battery Plant - Report
Panasonic is in talks to build an additional EV battery plant in U.S. at a cost of around $4 billion.
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Marketmind: No Respite From The R Word
A look at the day ahead in European and global markets from Anshuman Daga
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Global Market For EV Batteries Expected To Reach $250 Billion By 2030 - Report
The global market for electric vehicle (EV) batteries is expected to reach $250 billion by 2030
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Cuba Asks For U.S. Technical Assistance In Oil fire Clean-Up
Cuba seeks U.S. technical assistance in cleaning up after a massive fire at an oil storage facility that killed 16 fire fighters.
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Oil Prices Sink $2/bbl On Possible Iran Oil Exports, Rising Interest Rates
Oil prices slumped by about $2 a barrel on Thursday in volatile trade as investors braced for the possible return to global markets of sanctioned Iranian oil exports
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Amazon Signs Green Hydrogen Supply Deal With Plug Power
The world's largest online retailer said that it uses hydrogen to power over 15,000 fuel-cell propelled forklifts, and plans to increase that number to 20,000 units in three years.
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California To End Sales Of Gasoline-Only Cars By 2035
California Governor Gavin Newsom first announced the plan to phase out vehicles that run only on gasoline by 2035 in September 2020.
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Tesla Shares Close Lower After 3-1 Stock Split
The stock opened at $302 and closed at $296.07 as the split allowed investors to get two additional shares for each they owned as of Aug. 17
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India's Top Refiner To Spend $25 Billion For 2046 Net-Zero Goal
India, one of the world's biggest greenhouse gas emitters, is aiming to reach net-zero emissions for the country by 2070.
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