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Taiwan Seeks Again To Reassure U.S. Over Tackling Chip Shortage
Last month, Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said the auto chip shortage would gradually ease for its customers from this quarter but it expected overall semiconductor capacity tightness to extend possibly into next year.
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A Secret Weapon For Self-Driving Car Startups: Humans
The continued human presence in what are supposed to be software-driven, automated vehicles underscores the challenges facing the automated vehicle industry, which has consumed billions of dollars in investor capital over the past decade.
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British Consortium Formed To Develop Solid State EV Batteries
The consortium will build a facility to develop prototypes and technologies for the mass production of solid-state batteries.
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Ryder Will Manage Waymo Autonomous Truck Fleets
Waymo Via is testing a small fleet of trucks with its automated driving system in Texas, Arizona, California, Ohio and Michigan.
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Aurora Releases Tool To Gauge Safety Of Self-Driving Systems
The release of the safety tool comes days after the U.S. National Highway Traffic Safety Administration (NHTSA) opened an investigation of Tesla's Autopilot driving assistance feature following a series of crashes involving Tesla models and emergency vehicles.
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Toyota, Honda Beat Profit Estimates But Warn Of Extended Chip Crunch
A resurgence in COVID-19 cases has disrupted parts supplies and production at car companies, compounding a months-long pandemic-fuelled chip crunch.
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Indonesia Project To Convert Fuel-Powered Motorbikes To Electric
Indonesia had more than 15 million cars and 112 million motorcycles on its roads as of 2019, data from Indonesia's automotive industries association showed.
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Toyota Lead One-Two Into Last Four Hours At Le Mans
Kobayashi has now qualified fastest in four of the last five editions but he and his team mates, the reigning world endurance champions, have yet to win the greatest race on the sportscar calendar.
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VW Might Have To Cut Production Further Due To Chip Shortage: Report
The auto industry is facing renewed strains after a recovery in demand stretched supply chains earlier this year, with COVID-19 outbreaks in Asia hitting both chip production and operations at commercial ports.
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Honda Swings To Q1 Operating Profit, Trounces Estimates
Operating profit at Japan's No.2 car maker by sales for the three months ended June 30 was double the average profit estimate of 119.2 billion yen based on nine analysts surveyed by Refinitiv.
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Maruti Suzuki India Sees Hydrogen As 'Interesting Alternative'
To reduce fuel consumption and emissions, Maruti is pushing sales of cars that operate on compressed natural gas (CNG), and is also investing in hybrid technology, Bhargava said, adding that "the use of hydrogen is also an interesting alternative".
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COVID-Fuelled Semiconductor Crunch Chips Away At Carmakers
After being forced to close plants last year as the pandemic took hold, carmakers are now facing stiff competition from the sprawling consumer electronics industry for chip deliveries amid global supply chain disruption.
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China Evergrande In Talks With Xiaomi Consortium To Sell EV Unit Stake
Evergrande has been struggling to raise funds to pay its debts after Beijing stepped up curbs on the real estate sector to contain the risks of a bubble.
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Taiwan Says Sees 'Balance' In Auto Chip Supplies By Fourth Quarter
The issue has taken on a strongly diplomatic hue as Taiwan scrambles to reassure the United States, its most important international supporter and arms supplier, that it is doing all it can, especially at a time when Taipei is facing increased military pressure from China, which views Taiwan as its own.
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Oil Posts Biggest Week Of Losses In Nine Months As Delta Variant Spreads
While the Delta variant drags on fuel demand, supply is steadily increasing. U.S. production rose to 11.4 million barrels per day in the most recent week, and drilling firms added rigs for the third week in a row, services company Baker Hughes said.
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Taiwan Says Sees 'Balance' In Auto Chip Supplies By Fourth Quarter
The ministry noted that Taiwan's semiconductor firms have been expanding production, and stressed these companies as well as the government set great store on working with "like-minded partners", language Taipei uses to refer to other democracies like the United States and European Union.
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Electric Vehicle Battery Startup Ample Raises $160 Million
The Series C round brings to $230 million the total raised by the seven-year-old startup, which plans to expand testing and deployment to New York City, then Madrid and Singapore, Hassounah said in an interview.
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EV Scooter Startup Bird Posts Lower Loss Amid Rapid Expansion
Second-quarter revenue jumped to $60 million from $10.4 million during the same period in 2020 when lockdowns virtually shut down the e-mobility industry.
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Oil's Losing Streak Hits Six Days, Benchmarks Touch May Lows
Brent volumes were above 330,000 contracts, while volumes for the most-active WTI contract were more than 450,000, the highest since July 20.
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The Electric Vehicle Boom Is Pay-Dirt For Factory Machinery Makers
COVID has also caused issues and delays for some automakers trying to tool up.
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