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Schneider Electric SE
Schneider Electric weighs deal for software maker Bentley Systems
...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....
April 19, 2024
Electric vehicles
‘Simply good’ Chinese electric cars power ahead of inferior US rivals
...“The American ones [producers] seem to struggle to bring good electric vehicles [to market].”...
March 3, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Electric vehicles
Can European carmakers stop China’s electric behemoth BYD?
...Uwe Hochgeschurtz, by cutting costs from its new electric Citroën e-C3, which sells for £23,000....
February 29, 2024
Artificial intelligence
Booming AI demand threatens global electricity supply
...“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....
April 17, 2024
Natural gas
AI revolution will be boon for natural gas, say fossil fuel bosses
...Peter Herweck, head of energy management group Schneider Electric, also doubted that gas would benefit as much as people selling the fossil fuel claimed....
April 1, 2024
Mining
Indonesia to wipe out global nickel rivals, warns French miner Eramet chief
...Indonesia’s low-cost nickel suppliers will wipe out rivals in the next few years, cementing the country as the world’s dominant producer of the metal vital to electric car batteries, the head of French miner...
February 25, 2024
FT Live
Commodities Global Summit 2025
The pre-eminent gathering of senior commodity executives, traders and financiers
Monday, 24 March 2025Lausanne, Switzerland
Electric vehicles
Renault calls for European war chest to tackle Chinese EV competition
...“If you want to accelerate, you don’t want to end up with Norway at 90 per cent of electric cars and Spain at 4 per cent,” he said....
March 19, 2024
Renault SA
Renault and Stellantis to increase costs cuts in ‘turbulent year’
...But both carmakers warned they needed to cut electric vehicle costs in the current financial year as they increase sales....
February 15, 2024
Renault SA
Renault chief urges European investors to back its EV IPO
...It also plans to slash production costs, including those linked to batteries, in order to bring down the price of its electric vehicles to match cheaper combustion engine vehicles....
November 15, 2023
Automobiles
French group Forvia to cut 10,000 jobs to tackle Chinese competition
...Europe’s carmakers are starting to see Chinese rivals with more competitively priced electric vehicles making inroads in the region....
February 19, 2024
European companies
The increasingly silly search for Europe’s (less) Magnificent Seven
...The group consists of Novo Nordisk, ASML, and LVMH (no surprises there) as well as SAP, Schneider Electric, Richemont and Ferrari....
March 6, 2024
Renault SA
Renault cancels planned IPO of EV unit Ampere
...Renault has cancelled plans to list shares in its new electric vehicle and software business, a pivotal part of chief executive Luca de Meo’s turnaround plans for the French carmaker....
January 29, 2024
Schneider Electric SE
Schneider Electric boss to step down after two decades
...Schneider Electric’s Jean-Pascal Tricoire is set to step down as chief executive after nearly 20 years at the helm, with the French automation and software company turning to an insider as it tries to capitalise...
February 16, 2023
Alstom SA
Alstom set to mothball Derby plant over HS2 order delays
...It said about a third of the squeeze stemmed from delays in completing the Aventra programme, a project to build 443 electric trains in the UK....
March 31, 2024
EU economy
Industrialists call for deeper political union in EU on energy
...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...
November 14, 2023
FT Live
Building an AI-First Organisation
How can business leaders use AI to drive value?
Thursday, 25 AprilHôtel Lutetia, Paris, France
Renewable energy
Can ‘water batteries’ solve the energy storage conundrum?
...Because Tâmega can generate for up to 24 hours, the total amount of energy stored in the upper reservoir is 21GWh, enough to charge 400,000 electric vehicle batteries, or sustain 2.4mn homes in Portugal...
January 9, 2024
LexUmicore SA
Umicore: cathode capacity expansion cuts signal slower EV revolution Premium content
...Electric vehicles can cause a price shock for keen buyers, primarily due to the battery costs. China’s aggressive capacity expansion on batteries is two-pronged....
October 17, 2023
Glencore
Glencore to sell stake in lossmaking New Caledonia nickel operations
...Glencore plans to suspend production and sell its stake in the Koniambo nickel operations in New Caledonia after a sharp slump in price for the metal, a component of stainless steel and electric car batteries...
February 12, 2024
HTSI
The bar snack just got serious
...Upstairs, at Guzzle, Super Lychee Martinis and Yuzu Mugiritas by NYC luminary Steve Schneider (Employees Only) meet sides of “electric” chicken and mochi fries....
January 24, 2024
Batteries
AI to drastically cut time to develop new battery materials, say executives
...AI looked most promising for breakthroughs for solid-state materials and disorder rock salts, which would drastically improve the driving range of an electric car and open up new applications for batteries...
January 24, 2024
InterviewArcelorMittal SA
Rome must provide green funding to ArcelorMittal plant, industry chief says
...Gozzi said 80 per cent of Italian steelworks had already shifted to electric furnaces....
January 29, 2024
News in-depthSociedad Quimica y Minera de Chile SA
China’s Tianqi Lithium’s $4bn bet on Chile at risk of backfiring
...to become the second-largest shareholder in Chile’s SQM, it was making a gamble to gain a strategic foothold in one of the world’s top lithium reserves as demand soared for the metal at the heart of the electric...
April 10, 2024
Venture capital investment
US venture capital fundraising hits a 6-year low
...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....
January 5, 2024
Beer and spirits
Chinese whisky distilleries give western brands a wee dram of local flavour
...“When Chinese people have got behind their own product, it’s because their product has excelled,” said Nine Rivers’ Robertson, pointing to the electric vehicle market....
March 4, 2024
News in-depthUS Securities and Exchange Commission
‘Sued on both sides’: SEC braces for lawsuits from supporters and critics of climate rule
...California “took a bit of the punch out of the SEC’s rule”, said Erik Mohn, a vice-president for sustainability at Schneider Electric, adding that most North American companies would need to comply with...
March 7, 2024

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