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...The first launch in April ended in failure when the vehicle exploded four minutes into the flight....
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...The battery battle In the 1990s, Japanese companies took the lead in commercialising lithium-ion batteries, now widely used in smartphones, personal computers and electric vehicles....
...France’s Engie and Spain’s EDP Renewables, under the snazzy joint venture name of Central California Offshore Wind LLC, will develop a project together....
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...The disclosure comes as Mr Loeb has taken a nearly $1bn stake in Intel and urged the chipmaker to consider shedding its struggling manufacturing operations....
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...Le Thi Thu Thuy, VinFast’s global chief executive, said the company, which plans to begin delivering cars in the US and Europe this year, aims “to be one of the leading electric vehicle manufacturing brands...
...The US venture is part of the brand’s first effort at manufacturing and selling full-sized electric vehicles....
...David Kirtley, Helion’s chief executive, compared it to the regenerative breaking system in a Tesla electric car, where the kinetic energy from the vehicle is used to recharge the battery system....
...The fundraising follows at least eight high-level executive departures in recent months, including the chiefs of finance, manufacturing, safety, auto partnerships, future automotive and investor relations...
...China’s largest chipmaker Semiconductor Manufacturing International Corporation is “verifying” reports that its co-chief executive Liang Mong-song has abruptly quit. More here....
...Secondly, the non-binding agreement between the two companies downgrades the start-up from a technology and manufacturing partner to a customer of GM’s hydrogen fuel cell system....
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...Huawei will now spend £1bn over the next five years to establish a chip research and manufacturing facility there after they voted nine to one to approve planning permission....
...That makes Waymo worth considerably more than the $19bn assessment for SoftBank-backed Cruise, the autonomous vehicle unit of General Motors. 3....
...That is considerably more than the $19bn assessment for SoftBank-backed Cruise, the autonomous vehicle unit of General Motors....
...For now, VWAT will focus only on the “special purpose vehicles” sector — namely autonomous taxis and vans that move passengers and products around cities....
...In a piece for Medium in December 2018, he wrote: “Despite the vast sums of money and time dedicated to developing and rolling out autonomous vehicles, there are no real autonomous vehicles today....
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