SAN FRANCISCO, March 21 (Reuters) – Manufacturers and operators of electric vehicle chargers in the United States are bracing for a slowdown in production and deployment as they scramble to comply with “Made in America” terms of a $7.5 billion federal program meant to accelerate the industry. Long-awaited rules laid out by the White House… Continue reading EV charger makers brace for slowdown as new Made In America rules kick in, article with image
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March 21 (Reuters) – Nvidia Corp (NVDA.O) Chief Executive Jensen Huang is expected on Tuesday to disclose new artificial intelligence chips and technologies at the company’s annual conference for software developers. Analysts will be watching for the Santa Clara, California-based company to give more details about how it plans to widen accessibility to processing power… Continue reading Untitled
Exclusive: BYD reduces shifts at two electric vehicle plants in China – sources, article with image
SHANGHAI, March 21 (Reuters) – BYD has reduced shifts at two auto assembly plants in China, people with knowledge of the matter told Reuters, in a sign of how weaker demand in the world’s largest auto market is affecting its best-selling electric vehicle brand. BYD, which outsells Tesla (TSLA.O) in China, asked some of the… Continue reading Exclusive: BYD reduces shifts at two electric vehicle plants in China – sources, article with image
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March 20 (Reuters) – Amazon.com Inc (AMZN.O) on Monday said it would axe another 9,000 roles to make its operation lean and manage economic uncertainty, marking a new round of job cuts that pile onto the technology sector’s woes. In a remarkable turn for a company long touting its job creation, Amazon will have eliminated… Continue reading Gallery
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BRUSSELS, March 20 (Reuters) – EU regulators are likely to open investigations into tax deals between EU countries and multinationals after reviewing their arrangements in the previous decade, the bloc’s competition chief warned on Monday. European Commission Vice-President Margrethe Vestager, who has ordered Apple (AAPL.O) to pay 13 billion euros in back taxes in Ireland… Continue reading Untitled
Scratched EV battery? Your insurer may have to junk the whole car, article with video
LONDON/DETROIT, March 20 (Reuters) – For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles – leading to higher premiums and undercutting gains from going electric. And now those battery packs are piling up in scrapyards… Continue reading Scratched EV battery? Your insurer may have to junk the whole car, article with video
Russian court freezes Volkswagen assets in Russia, article with image
March 20 (Reuters) – A Russian court on Monday froze all Volkswagen (VOWG_p.DE) assets in Russia, in the latest obstacle to the German carmaker’s year-long efforts to wind down its Russian operations. Volkswagen, along with other foreign carmakers, suspended operations in Russia last year after western countries imposed unprecedented sanctions on Moscow over the conflict… Continue reading Russian court freezes Volkswagen assets in Russia, article with image
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BEIJING, March 20 (Reuters) – Baidu’s (9888.HK) Ernie bot can within seconds generate pictures of flowers and write Tang dynasty-style poems but will decline questions about Chinese President Xi Jinping by saying it has not yet learnt how to answer them, Reuters tests showed. The Chinese search engine giant last week unveiled China’s closest rival… Continue reading Gallery
Factbox: Insurers press carmakers for more help with EV batteries, article with image
DETROIT, March 20 (Reuters) – Insurers and industry experts say electric vehicle insurance premiums will keep rising as sales grow unless the car companies make it easier to access battery data and repair packs that are only slightly damaged in collisions. Many carmakers in turn say their EV battery packs are repairable, though few seem… Continue reading Factbox: Insurers press carmakers for more help with EV batteries, article with image
VW’s Skoda would cut 3,000 jobs if ‘Euro 7’ implemented in current form, article with image
PRAGUE, March 19 (Reuters) – Czech carmaker Skoda would have to cut 3,000 jobs and axe some models if the European Union’s “Euro 7” emissions scheme is implemented in its current form, a Skoda board member warned in a TV debate on Sunday. The proposed Euro 7 law, which EU countries and lawmakers will start… Continue reading VW’s Skoda would cut 3,000 jobs if ‘Euro 7’ implemented in current form, article with image