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Thailand’s EV industry growing rapidly

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The Thailand Board of Investment announced that Thailand has received more foreign direct investment supporting the country’s growing electric vehicle production ecosystem. With a population of more than 645 million consumers in ASEAN alone, the EV industry is projected to grow more as demand across the rest of Asia increases.

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SEMI forecasts global chip industry to invest >$500B in new factories by 2024; automotive and HPC

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The worldwide semiconductor industry is projected to invest more than $500 billion in 84 volume chipmaking facilities starting construction from 2021 to 2023, with segments including automotive and high-performance computing (HPC) fueling the spending increases, SEMI announced in its latest quarterly World Fab Forecast report.

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Vancouver-based Ceylon Graphite granted industrial mining licence for M1 mining project in Sri Lanka

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announced the renewal of the Industrial Mining Licence for the Malsiripura, M1 mining project in Sri Lanka (known as Ceylon until 1972) from the Geological Survey and Mines Bureau (GSMB). Vancouver-based Ceylon Graphite Corp. The Licence grants exclusive rights to mine graphite from within the M1 mining area.

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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

at this point, the company has been beginning to deliver its EVs in several markets throughout Europe and Asia. The automaker also reached a production milestone of 200,000 Seagull EV units in November. auto industry appeared first on TESLARATI. While BYD isn’t planning to enter the U.S. BYD last year sold 1.57

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Amsted Industries forms automotive group to focus on electric and traditional vehicle markets

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The integration provides an expanded global presence with 16 facilities in North America, Asia and Europe to serve the global customer base with a robust manufacturing footprint producing over 100 million components and assemblies annually. —Stephen Smith, Chairman, President and CEO, Amsted Industries.

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Roskill: Japanese steel industry is poised for a major downsizing in the years to come

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The production freeze, which is to take place within several years, is planned for one of two blast furnaces at the Ibaraki plant. By simple calculation, the blast furnace accounts for about 10% of the group’s total production capacity. The Japanese steel industry has a total capacity of 130 Mtpy. —Nikkei report.

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LR and partners launch Silk Alliance to develop Green Corridor Cluster beginning with intra-Asia container trade

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Initiated by the Lloyd’s Register Maritime Decarbonization Hub, The Silk Alliance brings together a diverse group of organizations whose collaboration can advance the decarbonization of the maritime industry. These include shipowners, such as MSC Shipmanagement Ltd.,

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