Focus on Industry
Private equity firm MBK, Young Poong raise Korea Zinc tender offer to $1.88 billion
MBK and Young Poong raise bid to 830,000 won per share in takeover battle for Korea Zinc, crucial for EV and tech supply...
Rivian lowers annual production forecast due to parts shortage
Rivian cut its 2023 production forecast to 47K-49K due to a parts shortage and slowing EV demand, sending shares down four per cent.
Alphabet’s Waymo to expand robotaxi fleet with Hyundai EVs
Alphabet's Waymo partners with Hyundai to add IONIQ 5 EVs to its U.S. robotaxi fleet, with testing to begin in late 2025.
India, US to cooperate on critical battery minerals, trade minister says
Indian Trade Minister Piyush Goyal announces supply chain cooperation agreement with the U.S. for critical minerals in EVs.
Cement maker Lafarge opens low-carbon fuel facility at Alberta plant
Lafarge Canada installs $38M facility at Exshaw, Alta., using construction waste as fuel, cutting CO2 emissions by 30,000 tonnes.
Germany to vote against EU tariffs on Chinese electric vehicles, sources say
Germany will vote against EU tariffs on Chinese electric vehicles, sources tell Reuters; government spokesperson declines to comment.
Canada’s early emissions estimate for 2023 shows modest decline, but oil and gas emissions undermine progress
Progress on reducing emissions is possible, but hitting Canada's 2030 target requires that governments build on policy momentum.
Tesla plans four new batteries in 2026, including for robotaxi: report
Tesla plans to design four new versions of its in-house 4680 battery to power the Cybertruck, robotaxi, and other EVs.
Climate Investment Funds eyes $1 billion to help green industries
Climate Investment Funds will invest up to $1 billion to decarbonize high-emission sectors like steel, cement, and chemicals in developing countries.
Enbridge to build new oil and natural gas pipelines in Gulf of Mexico
The crude oil pipeline, named the Canyon Oil Pipeline System, will have a capacity of 200,000 barrels per day.
