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Vietnam EV Maker VinFast To Shift Legal HQ To Singapore
Vietnam's VinFast is shifting its legal and financial headquarters to Singapore as the fledgling electric vehicle (EV) maker readies for a potential public listing and the first production run of cars for U.S. The company's operational headquarters will remain in Vietnam.
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Back In The Black, Renault Looks To Tap Into Electric Boom
In a presentation to investors, Renault said a "pure electric entity" could be focused on France and be open to partnerships, while a separate one for the combustion engine and hybrid cars could be focused outside France and do the same.
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Britishvolt Signs Agreement To Develop High-Nickel EV Batteries
Demand for nickel is expected to jump over the next decade as EVs go mainstream. Nickel bolsters energy storage in a battery's cathode, which in turn extends an EV's range. The auto industry is scrambling to boost EV range with large investments in research into more energy-dense batteries.
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Geely, Renault Formally Agree On Cooperation In South Korea
The new vehicles will be produced at the Renault-Samsung facility in Busan with production forecast to begin in 2024.
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Self-Charging Hybrids Outsell Diesel In Europe For First Time: Data
Data released by European Automobile Manufacturers' Association showed that self-charging hybrid cars outsold diesel cars in Europe for the first time in 2021, albeit by just 48 vehicles.
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Oil Hits 7-Year Peak On Political Risks, Supply Crunch
Brent futures rose 69 cents to settle at $90.03 a barrel, after hitting $91.70, the highest level since October 2014. U.S. crude closed 21 cents higher at $86.82 per barrel, after hitting a seven-year peak of $88.84 during the session.
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New EV Owners Resist Petrol Cars In The US, Survey Shows
Sales of EVs in the United States jumped to a record high earlier this month with 434,879 new units on the road, however, demand for their hybrid counterparts remained strong as many customers withdrew from EVs due to higher prices, limited driving range and fewer charging stations than required.
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Volkswagen And Bosch Team Up On Automated Driving Software
Using data from Volkswagen's fleet, the partners will develop so-called Level 2 autonomous driving software.
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Crude Prices Edge Lower, Though Supply Concerns Still Dominant
The global benchmark rose to $89.17 on Wednesday, its highest level since October 2014; the benchmark is up 13% on the year so far.
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Oil Up, Settles Near 7-Year Highs After Iraq-Turkey Pipeline Outage
Brent crude futures settled up 93 cents, or 1.1%, at $88.44 a barrel. The global benchmark earlier touched $89.13, its highest level since Oct. 13, 2014.
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Blink To Supply EV Chargers At GM Dealerships In North America
Blink said it would collaborate with facility solutions provider ABM Industries to supply its IQ 200 Level 2 chargers to dealerships across North America.
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EU To Propose Microchips Law In Early February, EU Chief Says
The proposal, known as the European Chips Act, will aim to adapt state aid rules, improve tools to anticipate shortages and crisis and strengthen research capacity in the bloc.
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Renault Relatively Confident For 2022 Despite Some Chip Supply Worries
Renault is "relatively confident" about its business year but still sees some problems over chips supplies which it expects to be felt mostly in the first half of 2022, said CEO Luca de Meo.
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General Motors Taps Three Qualcomm Chips To Power Its Ultra Cruise Feature
The Qualcomm chips will provide the computing power for the all-electric Celestiq, the company's planned flagship sedan.
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Volkswagen China Shuts Two Plants In Tianjin Due To COVID-19 Outbreaks
Due to the recent COVID-19 outbreaks both the FAW-VW vehicle plant and VW Automatic Transmission Tianjin component factory have been shut down since Monday.
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Honda China JV Announces 120,000 Units-A-Year EV Factory
The factory would have a production capacity of 120,000 vehicles a year, Honda said in a statement.
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Malaysia's Help Needed To Ease Global Chip Shortage, Taiwan Says
Malaysia is home to suppliers and factories serving semiconductor makers such as Europe's STMicroelectronics and Infineon, as well as major carmakers including Toyota Motor Corp and Ford Motor Co.
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Japan Startup Targets Supercar Users With $700,000 Hoverbike
The startup, whose backers include industrial heavyweights Mitsubishi Electric and Kyocera, demonstrated the bike with a short flight a few metres off the ground at a race track near Mount Fuji.
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Didi's Ride Hailing Rival T3 Raises $1.2 Billion To Expand
T3's funding round comes as ride-hailing companies step up efforts to take market share from China's ride-hailing market leader Didi Global Inc.
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Micron Considering New U.S. Memory Chip Factory As It Gears Up Spending
Micron has pilot manufacturing lines for developing new technologies at its Idaho headquarters and a factory in Virginia that turns out special high-reliability chips for automobiles.
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