Tag: plans
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What’s on with Tesla’s $7 bn gigafactory?
Next Thursday, July 1, was supposed to be a day of celebration for Tesla: the opening of its self-styled “gigafactory” in the tranquil German municipality of Gruenheide, just outside Berlin. But thanks to fierce environmental resistance, red tape and planning tweaks it is completely unclear when the first vehicles will roll off the production line…
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Countdown to COP26: How 2021 is a ‘make or break’ year in the fight against climate change
The latest UN report has put the world on red alert, but the direction of travel is clear – Schroders’ CEO and specialists give their view on the role of investors in the energy transition This year will be “make or break” in the fight against climate change, the UN Secretary-General Antonio Guterres has warned.…
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VW reveals plans for six new battery factories across Europe by 2030
The race to secure vehicle battery supplies is heating up, as the world’s biggest car firms prepare to go electric Volkswagen (VW) is planning to build six battery factories across Europe over the next decade, as the world’s biggest car firm prepares to accelerate its full-scale transformation into an electric vehicle (EVs) business. The manufacturing…
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Whistleblower immunologist to warn of potential coronavirus rebound in the fall, making for the ‘darkest winter in modern history’ during congressional testimony
U.S. Department of Health and Human Services/Handout via REUTERS Whistleblower immunologist Dr. Rick Bright plans to testify to Congress about the threat of a coronavirus rebound in the autumn, and without proper prevention measures:”2020 will be darkest winter in modern history,” he wrote in his prepared testimony. Bright previously worked as director of the Biomedical…
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Global Briefing: General Motors powers up $20bn EV investment plan
Plus all of the Top Rated business news from around the world ‘All in’: GM unveils fast-expanding EV fleet US car giant General Motors (GM) this week given a broad upgrade on its challenging electric vehicle (EV) plan, equaling to invest more than $20bn through to 2025 on its own next production all-electric and autonomous…
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Elon Musk thinks it would take 1,000 rockets 20 years to set up a self-sustaining city on Mars
SpaceX and Tesla CEO Elon Musk tweeted some maths for how long he believes it’d take SpaceX to transfer the substances to Mars to create a city. Musk said it might take 1,000 of SpaceX’s Starship rockets 20 years. Musk has a history of bombastic claims regarding his expects to overthrow Mars, once outlining a…
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The last pieces of India’s EV puzzle are finally falling into place
India, famous because of its automobiles that are entry-level that are affordable, remains the only market with no real car. The market share of electrical vehicles in the country stands in a mere 0.06%, compared with more than 30% in several of developed nations, government figures show.But that may soon change — the country’s plans…
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Nio shifts electric vehicle plans as losses pile up
Chinese automotive startup Nio is tweaking its strategies for electric vehicles, a move prompted by sales of its ES8 model. Nio, which reported in its unaudited financial results Tuesday that a reduction of $390.9 million in the first quarter, will be currently taking a variety of measures in reaction to a downturn in earnings. These…