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Hyundai investing $530 million to bring EVs to India
Hyundai is making a large investment to bring electric vehicles (EVs) to India as per an announcement by Taun Garg, director of sales and marketing for Hyundai Motor India. The $530 million investment will bring […]
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Tesla China sales exceed 50,000 for the third month in a row in November
Tesla China is closing out 2021 with a bang, posting its third straight month with sales topping 50,000 units. According to data from the China Passenger Car Association (CPCA) released Wednesday morning, a total of […]
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Intel announces plans for Mobileye IPO next year
Intel has announced plans for an initial public offering (IPO) of Mobileye, the self-driving technology company it acquired in 2017. Intel will remain a majority shareholder in the company and “receive the majority of the […]
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Volkswagen CEO Herbert Diess to remain but with fewer powers
According to sources, Volkswagen‘s CEO Herbert Diess is likely staying on as the leader of Europe’s largest automaker. However, he will cede some responsibilities after a clash with local labour leaders. It seems like Diess […]
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Elon Musk says Biden’s EV bill should be canned, US should ‘get rid of all’ government subsidies
Tesla CEO Elon Musk said the Biden administration’s $2 trillion spending bill that includes a number of electric vehicle (EV) related incentives should be shelved. In addition, Musk believes the US should get rid of […]
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Lucid Group issued subpoena from SEC over SPAC deal
Lucid Group revealed on Monday the company has been issued a subpoena from the U.S. Securities and Exchange Commission (SEC). The subpoena was in relation to Lucid’s merger with a with a special purpose acquisitions […]