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Energy

25 Apr 2024

Chinese EV battery maker CATL unveils LFP battery with 1,000 km range

Chinese electric vehicle (EV) battery maker CATL on Thursday unveiled a lithium iron phosphate (LFP) battery with a driving range of more than 1,000 kilometres (621 miles) on a single charge.

Rio Tinto, Eramet and LG Energy seek to develop lithium extraction tech for Chile

23 Apr 2024

Rio Tinto, Eramet and LG Energy are among 30 companies that have submitted proposals to develop lithium extraction technology for a Chilean salt flat in the early stages of exploration, state-run mining body ENAMI said.

Electric car sales to rise but affordability in focus, IEA says

23 Apr 2024

Electric car sales will rise strongly in 2024 despite economic headwinds in some markets, the International Energy Agency (IEA) forecast on Tuesday, but affordability and charging infrastructure will be key to future growth.

US power, tech companies lament snags in meeting AI energy needs

19 Apr 2024

U.S. electrical systems are not expanding fast enough to meet rapidly growing power needs of technology like Generative AI, prompting data center businesses to sometimes bypass utilities, executives said at an energy conference this week.

Italian firm tests energy-saving maglev technology on railway track

13 Mar 2024

An Italian company has conducted what it says is the first test of magnetic levitation (maglev) transport on an existing railway track, a technology that has the potential to reduce costs and energy use as the industry seeks more efficient systems.

07 Mar 2024

Stellantis to invest $6 billion in Brazil by 2030

Carmaker Stellantis will invest 30 billion reais ($6.07 billion) in Brazil between 2025 and 2030, it said on Wednesday, aiming to launch over 40 new cars and introduce hybrid-flex vehicles in the country.

China's BYD forecasts 2023 net profit to rise as much as 86.5% y/y

30 Jan 2024

Chinese electric vehicle (EV) giant BYD said on Monday it expects net profit in 2023 to have risen by as much as 86.5% on the previous year, buoyed by strong sales and cost cuts.

Thailand aims for lithium output in two years, boosting EV ambitions

25 Jan 2024

Thailand hopes to start producing lithium from a mine in its southwest in about two years, boosting its ambitions to become a regional electric vehicle (EV) production hub, according to government and company officials involved in the project.

In EV catch-up race, legacy automakers hitch a lift with Formula E

23 Jan 2024

Legacy automakers playing catch-up with EV leaders like Tesla are leaning on their Formula E electric racing teams for innovations to build better mass-production EVs with greater range and efficiency, or a lower price tag.

OpenAI CEO Altman says at Davos future AI depends on energy breakthrough

17 Jan 2024

OpenAI’s CEO Sam Altman on Tuesday said an energy breakthrough is necessary for future artificial intelligence, which will consume vastly more power than people have expected.

15 Jan 2024

Rental giant Hertz dumps EVs, including Teslas, for gas cars

Rental firm Hertz Global Holdings is selling about 20,000 electric vehicles, including Teslas, from its U.S. fleet about two years after a deal with the automaker to offer its vehicles for rent, in another sign that EV demand has cooled.

Brazil electric, hybrid car sales to grow by 60% in 2024, says industry group

08 Jan 2024

Sales of fully electric and hybrid vehicles in Brazil are expected to rise by 60% this year from 2023, local industry group ABVE said on Friday.

Honda considers $14 billion plan for EV production in Canada -Nikkei

08 Jan 2024

Honda Motor Co is considering building an electric vehicle plant in Canada in a near-2-trillion-yen ($13.83 billion) project that could possibly include in-house production of batteries, Japan’s Nikkei news group reported on Sunday.

Australia struggles to ditch SUV habit even as electric vehicle sales hit record

04 Jan 2024

Electric vehicle (EV) sales in Australia hit an all-time high in 2023, according to the country’s automotive association, however light vehicle sales remained dominated by emissions-intensive trucks and sports utility vehicles (SUVs).

Musk's SpaceX value jumps closer to $180 billion in tender offer - Bloomberg News

13 Dec 2023

Elon Musk’s SpaceX will sell insider shares at $97 apiece in a tender offer, a price increase that boosts the value of the space and satellite company closer to $180 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter.

IFGS Returns For Its 10th Year

China's BYD plans new electric vehicle plant in Mexico, says Nikkei

Israel buys quantum computer from UK-based ORCA Computing

Apple's offer to open up tap-and-go tech to be approved by EU next month, sources say

Insurtech has kept the promise

Grayscale to launch digital assets ETF in UK, Italy, Germany

Reaching AI superpower status: the need to upskill the UK public sector

Shaping the future of insurance

Supporting site reliability engineering with automation

From crypto to AI: Decoding the tech M&A space

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23-29 Hendon Lane, London, N3 1RT

23-29 Hendon Lane, London, N3 1RT

020 8349 4363