Environment
Tesla sells record high number of China-made vehicles in June
A driver in PPE moves a new Tesla passenger car from Shanghai off a ro-ro ship in the port in Yantai in east China’s Shandong province Monday, April 25, 2022. Tang Ke | Feature China | Getty Images Tesla in June achieved its highest monthly sales of China-made vehicles since opening its Shanghai plant in 2019, […]
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Ford reports worst quarterly sales in China since onset of coronavirus pandemic
Visitors walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images DETROIT – Ford Motor joined its crosstown rival General Motors in reporting its worst quarterly sales in China since the onset of the coronavirus pandemic, amid a resurgence of Covid-19 cases in the […]
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ECB stress test shows most banks don’t include climate risk in their credit models
Environmental protesters take to the streets during a demonstration by Fridays for Future in the financial district of Frankfurt, Germany, in August last year. Bloomberg | Bloomberg | Getty Images The results of the European Central Bank’s first climate risk stress test show that most banks do not sufficiently incorporate climate risk into their stress-testing […]
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Amazon’s bid to put cargo hub at Newark airport is halted
Amazon workers, environmental advocates, labor groups, and small business owners participate in a rally and news conference to protest plans for a new Amazon air cargo mega-hub at the Newark International Airport on October 6, 2021 in Newark, New Jersey. Spencer Platt | Getty Images Amazon’s plans to put a regional cargo hub at Newark […]
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Volkswagen CEO says EV outlook is ‘very good,’ expects to reduce delivery times this year
An ID. Buzz stands during a plant tour of the production of the ID. Buzz in quality control at the Volkswagen Commercial Vehicles plant in Hanover, Germany, June 16, 2022. Ole Spata | Picture Alliance | Getty Images The CEO of German automotive giant Volkswagen sought to assuage concerns about electric vehicle sales and semiconductor […]
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Shell to build Europe’s ‘largest’ renewable hydrogen plant to help power Dutch refinery
On Wednesday, Shell said the Holland Hydrogen I facility would be “Europe’s largest renewable hydrogen plant” when operations start in 2025. Shell is one of several big firms looking to lay down a marker in the sector. Ina Fassbender | AFP | Getty Images Plans to build a major hydrogen plant in the Netherlands will […]
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Europe will count natural gas and nuclear as green energy in some circumstances
01 July 2022, Saxony, Lippendorf: A solar park borders directly on the site of the Lippendorf lignite-fired power plant. After more than 20 years, the so-called EEG surcharge, which customers pay via their electricity bill, will no longer apply. It currently still amounts to 3.72 cents per kilowatt hour. Experts do not expect electricity prices […]
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Toyota hits sales milestone for electric vehicles, joins Tesla and GM in losing tax incentives for buyers
A Toyota bZ4X on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC Toyota Motor said it sold its 200,000th plug-in electric vehicle during the second quarter, triggering a phase out of U.S. tax credits of up to $7,500 for people who buy the cars. The Japanese automaker joins Tesla […]
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Amazon investigated by UK antitrust watchdog over its marketplace practices
An Amazon warehouse in Warrington, England. Nathan Stirk | Getty Images The U.K.’s antitrust regulator on Wednesday said it is investigating Amazon over whether the U.S. e-commerce giant is hurting competition by giving an unfair advantage to its own retail business and sellers that use its services over third-party merchants on its marketplace. Britain’s Competition […]
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VW and Goldman-backed battery maker Northvolt gets $1.1 billion funding injection
Northvolt’s most recent funding announcement comes at a time when major economies are laying out plans to move away from vehicles that use diesel and gasoline. Mikael Sjoberg | Bloomberg | Getty Images Electric vehicle battery maker Northvolt on Tuesday announced a $1.1 billion funding boost, with a range of investors — including Volkswagen and […]
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