Month: July 2023

H2 Green Steel and ZF Friedrichshafen have signed a seven-year steel delivery deal worth 1.5 billion euros ($1.64 billion). The agreement, one of H2GS’s largest yet, covers a “significant share” of ZF’s annual steel demand of about 2.5 million tons, according to a statement Tuesday. Deliveries of near zero-emissions steel are due to start in
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Jul 5, 2023, 08:02 AM ET Formula One teams will test a bolt-on wheel cover aimed at reducing spray in wet conditions next week. Mercedes and McLaren will test the device at Silverstone on Thursday next week after the tyre tests which follow Sunday’s British Grand Prix. F1 cars currently throw out a huge amount
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Nikola said on Wednesday that wholesale and retail sales of its EVs jumped in the second quarter from the first, a positive sign for the startup that has been grappling with a cash crunch and stiff competition. The company said that retail sales of its trucks doubled to 66 in the quarter, while wholesale figure
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TURIN — Fiat is doubling its offering in Europe’s crucial small SUV segment with the New 600e, a five-door, five-seat EV that will coexist for at least two years with the 500X, which was introduced in 2014. Fiat plans to keep the 500X in production until early 2026. The 500X is offered only with internal
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EV startup Rivian Automotive, which has struggled with manufacturing issues since its 2021 launch, delivered 12,640 vehicles in the second quarter, beating analyst estimates and sending its stock price higher. Rivian produced 13,992 vehicles in the April to June period, including its R1T pickup truck, R1S crossover and EDV delivery vans for Amazon, the company
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Jul 4, 2023, 05:09 AM ET McLaren Formula One driver Lando Norris urged environmental activists on Monday not to put lives in danger with ‘stupid and selfish’ protests during this weekend’s British Grand Prix at Silverstone. Six “Just Stop Oil” campaigners ran on to the track after an opening lap crash at last year’s race
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TOKYO — Toyota’s radical electric vehicle overhaul will deliver a plethora of knock-on benefits beyond the next-generation of Tesla-fighting Toyotas that start rolling off the line from 2026. Breakthrough manufacturing processes will be applied to factories making more conventional vehicles as well. Meanwhile, the new all-electric platform being engineered from scratch may even be shared
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In this article ZE594-CN Follow your favorite stocksCREATE FREE ACCOUNT BYD Vice President Yang Dongsheng speaks at a launch event for the Denza N7 electric SUV on July 3, 2023, in Beijing. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese electric car giant BYD is launching a new electric SUV, its most direct competitor
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