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electric vehicles

Tesla sets up China site to store data locally
Business & Finance

Tesla sets up China site to store data locally

  • Tesla said in a Weibo post that data generated by all cars it sells in China, where it is making Model 3 sedans and Model Y sport-utility vehicles, would be stored in the country.
  • China, the world's biggest car market and the second largest for Tesla, is drafting rules to ensure the security of data generated by connected vehicles as their growing popularity fuels concerns about privacy and national security.
Updated 25 May, 2021 07:36pm
Daimler Truck 'all in' on green energy as it targets costs
Business & Finance

Daimler Truck 'all in' on green energy as it targets costs

  • "Both technologies (electric and hydrogen) will be needed," Daimler Truck CEO Martin Daum told an investor presentation on Thursday. "And we intend to lead the way in both technologies."
  • Daimler Truck said zero-emission vehicles should make up 60% of its sales by 2030 and 100% of sales by 2039.
Published 20 May, 2021 09:39pm
Ford, BMW lead $130mn investing round in solid-state battery startup
Business & Finance

Ford, BMW lead $130mn investing round in solid-state battery startup

  • The partnerships and the capital that comes along with it are really going to put us on a good footing to execute on our road map, which simply speaking is qualifying this technology for vehicle use and getting them into vehicles in the not-too-distant future.
  • Carmakers are racing to develop EVs amid tightening CO2 emission standards in Europe and China.
Published 03 May, 2021 06:51pm