Piedmont still needs to obtain local regulatory approval in North Carolina and financing amid low lithium prices.
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BP Pulse has reduced the number of countries it operates in from 12 to four, focusing now on the US, Britain, Germany and China.
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Xiaomi SU7 has entered a crowded Chinese EV market with a price tag under USD 30,000 for its base model.
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The new rules are also expected to provide USD 13 billion in annualised net benefits to society.
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Waiting period for Xiaomi SU7 Pro model is 18-21 weeks, while that for SU7 Max model is 27-30 weeks.
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Tesla has been slow to refresh its aging models while high interest rates have sapped consumer appetite for big-ticket items.
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BYD has stepped into the global spotlight since it dethroned Tesla to become the leader in the EV space.
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BYD YANGWANG U9 electric supercar is based on the e4 platform, featuring four independent electric motors.
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INDUSTRY NEWSLatest News
Thailand approves incentives to drive transition to electric CVs
by Biplab Dasby Biplab DasThe incentives package is designed to support companies in their transition towards net-zero emissions by offering special tax deductions to eligible entities.
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About USD 30 billion worth of Nvidia shares were traded every day over the past 30 sessions, putting it ahead of Elon Musk’s EV maker.