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BYD NEV sales up 262.9% YOY in October

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In particular, the New Energy Vehicle (NEV) sales reached 80,003 units, soaring 262.9% By the end of October, the cumulative annual sales of BYD passenger vehicles topped 200,000 units. So far, BYD Han’s cumulative sales have exceeded 130,000 units, with increases for seven consecutive months. year on year (YoY) and 12.5%

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Benchmark: Lithium industry needs more than $116B to meet automaker and policy targets by 2030

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The lithium industry needs to invest $116 billion by 2030 if the world is to meet the ambitions targets set by governments and the largest automakers, according to a Benchmark analysis. The company is also targeting 50% of all its vehicles in the US and 100% of all its passenger vehicles in Europe to be electric by 2030. million EVs.

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TSMC sees annual sales growth to reach 10% in semiconductor industry – ET Auto

Baua Electric

Taiwanese contract chipmaker TSMC , a major supplier to Apple and Nvidia , on Thursday forecast an annual revenue growth of 10% in the global semiconductor industry , excluding memory chips. World Semiconductor Trade Statistics has forecast growth of 13.1% for the global semiconductor market in 2024.

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Velodyne Lidar acquires AI software company Bluecity

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Velodyne Lidar has acquired Bluecity, a Montreal-based artificial intelligence (AI) software company, in an all-stock transaction. Bluecity’s executive, software development and sales teams will join Velodyne. The addition of Bluecity is expected to be immaterial to operating expenses and cash usage.

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The Metals Company and Low Carbon Royalties form strategic partnership

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Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0% to finance the development and production of low-carbon fuels and energy transition metals.

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Toshiba splitting into three companies; first such spin-off scheme for a Japanese company of this size

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Toshiba Corporation intends to split itself into three standalone companies: Infrastructure Service Co. The separation will create two distinctive companies with unique business characteristics leading their respective industries in realizing carbon neutrality and infrastructure resilience (Infrastructure Service Co.),

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Mahle finalises sale of thermostat business to industrial firm Admetos | Autocar Professional

Baua Electric

German Tier-1 giant Mahle, which specialises in powertrain, mechatronics, and electronics components among others, has finalised the sale of its automotive thermal management – thermostat business – to a German industrial and investment holding firm Admetos.