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China approves autonomous driving startup Momenta’s US IPO – ET Auto

Baua Electric

China’s securities regulator said on Monday it has approved autonomous driving startup Momenta Global Limited ‘s initial public offering (IPO) in the United States. Momenta plans to issue up to 63,352,856 ordinary shares and list on the Nasdaq Stock Market or the New York Stock Exchange, the regulator said in a statement.

China 40
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GM’s Tesla NACS support spells trouble for Electrify America [Opinion]

Teslarati

With two out of three of the United States’ top legacy automakers supporting Tesla’s NACS, Electrify America’s position in the EV charging space is precarious at best. In comparison, Electrify America has 3,503 fast chargers and 116 Level 2 chargers in the United States.

America 145
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How and When the Chip Shortage Will End, in 4 Charts

Cars That Think

Meanwhile, the mid-2022 passage of the CHIPS Act in the United States yielded a multi-billion-dollar investment pool, some of which dedicated to ramping up American manufacturing of the mature-generation chips upon which many industriesauto and otherwise—are so dependent. In March of 2023, the U.S.

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Honda breaks ground on its $4.4 billion Gigafactory in the US

Teslarati

Honda and its partner LG Energy Solutions have broken ground on their first joint venture battery production location in the United States. “We are excited to embark on this partnership with Honda, a leader in the global auto industry with a reputation for quality and reliability,” said Robert H.

Honda 143
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Hyundai announces new Hail Mary EV production goal

Teslarati

Hyundai and its subsidiary brands Kia and Genesis are top contenders in EV sales in many parts of the world, including in the United States, where the group has consistently ranked as a top three EV seller. What do you think of the article? billion planned investment in EVs. Do you have any comments, questions, or concerns?

Hyundai 98
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Another Tesla price cut possible thanks to plummeting lithium prices

Teslarati

Meanwhile, in North and Central America, corporations and governments alike have doubled down on lithium investments, especially as the United States looks to decouple itself from Chinese supply. Furthermore, as Tesla still leads the auto industry in terms of profit margins, it has the most flexibility regarding its vehicle pricing.

Price 144
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Mercedes will take on Tesla’s FSD in China

Teslarati

Mercedes made waves in the auto industry earlier this year when it became the first automaker certified to operate level 3 autonomous driving vehicles in the United States, with the first State being Nevada. What do you think of the article? it likely has a lot of growing to do.

Mercedes 104