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...The International Energy Agency says that by 2026 data centres could globally consume more than 1,000 terawatt-hours of electricity, more than double 2022 levels and roughly equal to Japan’s total electricity...
...Much of that growth came from China, where two-thirds of electric cars were already cheaper to purchase than their petrol equivalents, the IEA found....
...Thousands of imported vehicles, many of them electric cars made in China, are clogging up European ports....
...After overtaking Tesla as the world’s largest electric-vehicle maker last year, BYD has started releasing higher end models, the latest being its Yangwang U9 electric sports car with that price tag, to try...
...A version of this article was first published by Nikkei Asia on May 1. ©2024 Nikkei Inc. All rights reserved....
...From 2025, European carmakers must comply with new standards for average fleet CO₂ emissions. Some are offering discounts on BEVs to avoid fines next year....
...The electric-car maker’s market value jumped 787 per cent to $669bn by the end of that December, but has since slipped back to $589bn....
...The final rule is expected to avoid a cumulative 7.2bn tonnes of CO₂ emissions by 2055, roughly equal to four times the emissions of the entire transport sector in 2021, the EPA said....
...The world’s second-biggest economy is Tesla’s biggest market outside the US and a vital part of the supply chain for its electric vehicles....
...When Berkshire Hathaway announced the acquisition of MidAmerican Energy in 1999, Warren Buffett hailed the Iowa gas and electric utility as squarely in the conglomerate’s “sweet spot”....
...BYD has for much of the past year cornered a market share of about one-third of sales of plug-in hybrid and battery-powered electric vehicles in China....
...seller of battery electric vehicles....
...“Many incumbent OEMs rushed into electric vehicles without appreciating the far-reaching technological and design difference between combustion and electric vehicles,” he said....
...Oddly, Apple never confirmed the existence of its electric, self-driving car project. The cost of development was not made explicit in expenses....
...Xiaomi sales surged 34 per cent to attain a 14 per cent market share, as the Beijing-based electronics group experienced a wave of publicity surrounding the debut of its electric car....
...Sporting a fresh cropped haircut, Nio co-founder and chief executive William Li was greeted like a rock star by tens of thousands of devoted fans on Saturday night as he took to the stage at the Olympic...
...Scholz and Xi had agreed to co-ordinate preparations for a high-level conference in Switzerland to discuss a peace framework proposed by Ukraine, Scholz said....
...Revenue, mostly digital advertising with some premium subscriptions, is equal to just 0.6 per cent of Meta’s....
...Recent research by the Investor Coalition for Equal Votes, which is co-chaired by Railpen and the CII, highlights how the presence of dual class shares makes it difficult for independent shareholders to...
...For example, US carmaker General Motors has committed to selling only electric vehicles by 2035, presenting its legal team with many challenges....
...Chinese companies across the electric vehicle supply chain said lower costs and technological leadership would help them secure western deals despite geopolitical tensions and security concerns....
...Once you include the voting proxy arrangement that co-founder and chief executive Steve Huffman has with other investors, he will account for about 46 per cent alone....
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...than 60 per cent electric....
...Elkann’s Exor scores big win on Philips John Elkann, scion of Italy’s Agnelli family dynasty, made an unusual €2.6bn bet last August on a troubled Dutch maker of electric toothbrushes and hospital monitoring...
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