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...That is more than any of the biggest names in corporate America including Tesla, the $565bn behemoth whose stock is often frenetically traded....
...It is building its first electric car factory outside Asia in Brazil as part of a R$3bn ($620mn) investment....
...JPMorgan forecasts that the world will need 108mn barrels of oil a day in 2030, and that building more wind, solar and electric vehicle capacity could add a further 2mn daily barrels to this total....
...French software and automation company Schneider Electric has said it is in talks over a potential deal with Bentley Systems, a US software specialist with a market value of roughly $15.6bn....
...“Demand for data centres has always been there, but it’s never been like this,” said Pankaj Sharma, executive vice-president at Schneider Electric’s data centre division....
...“[Chinese carmakers] are turning their attention to markets such as Australia, South America and south Asia.”...
...These factories have helped BYD corner the market for electric buses....
...Tamil Nadu’s chief minister MK Stalin has set a target of building a $1tn economy in the state by 2030....
...Peter Herweck, head of energy management group Schneider Electric, also doubted that gas would benefit as much as people selling the fossil fuel claimed....
...Peter Herweck, new chief executive of Schneider Electric, the industrial software and equipment group that ranks in the top 100 European companies by revenue, said a deeper political union “would resolve...
...SK Hynix, a maker of memory chips, is building an advanced packaging facility in Indiana....
...And yet in 2021, the same McKinsey survey showed nearly 60 per cent of industry leaders expected North America to beat China in developing driverless car technology....
...It is building an EV battery factory in Canada, which is in line to receive more than $10bn in subsidies and will operate by 2027....
...Electric car sales in Brazil are starting to take off, presenting a threat to the company’s core ethanol business....
...With the IRA offering tax credits to purchasers of EVs assembled in North America, Hyundai is building a $7.6bn plant in Georgia, the largest investment of any carmaker in a new US electric vehicle factory...
...“As part of our long-term commitment, we envision building an EV ecosystem and fostering development in Indonesia,” he added....
...“The interest of Chinese companies in the Mexican market has grown exponentially,” said Francisco Bautista of EY Latin America, which is working with four Chinese electric vehicle companies looking to locate...
...“With this guidance and the clarity that it will provide, we’re ensuring that the US electric vehicle future will be made in America,” said John Podesta, Biden’s top clean energy adviser....
...Electric scooter company Bird, once valued at $2.5bn, also filed for bankruptcy in December. Roughly one in six start-ups raising cash last year cut their valuations, according to PitchBook....
...Tax credits on electric car purchases in the US just became much harder to score....
...The filings also indicate it plans to add a third plant in Indonesia to its operations in Vietnam and a factory it is building in North Carolina in the US....
...Amazon is investing $115mn in exchange for a minority stake in the television networks that screen some of America’s biggest sports....
...“They’d follow me from my home, from when I went out in the morning . . . all the way to where I work, and take videos of me entering the building,” he said....
...The two men share an interest in Mexican “national champion” companies, a mistrust of regulators and an enthusiasm for building mega-projects....
...The choir’s opening number was “America the Beautiful”, a song which fundraisers for British botanical gardens would have to endorse. The Selby project is privately funded....
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