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DiDi partners with SoftBank in Japan for platform services for taxi industry, launches open new energy car-sharing platform

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have established a partnership to provide platform services for the taxi industry. DiDi and SoftBank also plan to set up a joint venture in Japan. According to a study by GM Insights, the global car-sharing market is expected to grow 34% annually from 2017 to 2024, while the annual growth rate in China will exceed 40%.

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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

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Demand is expected to initially build on the decarbonization of existing industrial uses of hydrogen (95 MtH 2 eq), most notably for fertilizer production. The net-zero transition then underpins rapid demand growth, cementing hydrogen’s role as a versatile solution for decarbonization.

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Musashi appoints Naoya Nishimura as CEO for India, Africa region – ET Auto

Baua Electric

Naoya Nishimura as CEO for India, Africa region New Delhi: Musashi Auto Parts India Pvt Ltd (Musashi), a 100% owned subsidiary of Musashi Seimitsu Industries, Japan, and a manufacturer of two-wheeler and four-wheeler transmission components in India, has appointed Naoya Nishimura as its Chief Executive Officer (CEO).

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Murugappa Group arm-led JV to invest INR 7,600 cr to build OSAT facility in Gujarat – ET Auto

Baua Electric

New Delhi: CG Power and Industrial Solutions Limited, a part of Tube Investments of India Limited and the Murugappa Group; Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions; and Stars Microelectronics (Thailand) Public Co. The JV plans to invest INR 7,600 crore in five years. The JV will be 92.3%

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Ford CEO Fields elected to IBM Board of Directors

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Mark led the highly successful transformation of his company in a competitive industry where technology has driven innovation. His knowledge and insights in running a complex global business will make a significant contribution to IBM. —Ginni Rometty, IBM chairman, president and CEO. Fields joined Ford in 1989.

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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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The China policy response to assist the commercial-vehicle industry has been broad, with a variety of direct and indirect supports announced, locally and nationally. New financing has also been announced to eliminate high emissions vehicles in key regions which should give some support to boost to truck sales, all else being equal.

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First chip from Dholera plant by 2026 end: PSMC chairman Frank Huang – ET Auto

Baua Electric

. “After a review, we decided Tata is the best choice because of financing, a prestige company and the size of the company. billion chip manufacturing plant in Japan last October. With the kind of money they have and the government subsidy, they should be able to do the job. They are best qualified for this,” he added.

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