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Volkswagen Group and SAIC have extended their joint venture to 2040, enhancing their collaboration in the rapidly evolving Chinese automotive market. This long-term agreement aims to accelerate the electrification of vehicles, optimize production efficiency, and implement ambitious decarbonization initiatives, ensuring a competitive edge in intelligent electric mobility. The partnership, which has lasted 40 years, focuses on developing new electric models and maintaining a leading market position in smart technologies.
CHARGE has officially opened South Africa's first off-grid, ultra-fast electric vehicle charging station in Wolmaransstad, powered entirely by renewable energy. The facility features six DC fast charging points and two AC charging points, aiming to enhance EV infrastructure in remote areas. This initiative aligns with the South African Renewable Energy Masterplan and is expected to create economic opportunities for local communities while reducing transport emissions.
The Nifty IT index reached a record high of 44,085, with a 40% gain over the past year, reflecting strong performance in the sector despite previous challenges. Experts attribute this rebound to robust order books and significant deals from major firms like Infosys and TCS, alongside resilient demand in banking, healthcare, and retail. While near-term pressures may affect margins, long-term growth is expected to stem from earnings rather than stock price increases.
Shares of HBL Power and Kernex Microsystems surged on November 28 following Railway Minister Ashwini Vaishnaw's update on the 'Kavach' system deployment. The next phase includes equipping 10,000 locomotives and inviting bids for trackside works covering approximately 15,000 RKm. HBL Power's shares rose 1.62% to Rs 626.4, while Kernex hit an all-time high, locked at a 5% upper circuit at Rs 1,110.75.
China is set to enhance its Beidou positioning and navigation system, with key technology research expected to be completed by 2025 and three test satellites launching around 2027. The upgraded system, featuring satellites in various orbits, aims to provide high-precision navigation services and could surpass U.S. GPS capabilities, bolstering China's global influence and military capabilities by 2035.
Maersk has unveiled its latest dual-fuel methanol vessel, the A.P. Møller, as part of its decarbonization efforts, aiming for net-zero emissions by 2040. This 350-meter ship can run on green methanol, significantly reducing CO2 emissions and sulfur pollutants. With plans for 25 such vessels by 2027, Maersk is leading the industry towards sustainable shipping, supported by increasing client demand and regulatory changes.
UAE clean energy leader Masdar is ramping up investments in renewable projects across multiple countries, including Azerbaijan, Kazakhstan, Uzbekistan, and Malaysia, aiming for 100GW capacity by 2030. Recent agreements include a 1GW wind farm in Kazakhstan and a floating solar project in Malaysia, alongside partnerships in the Belt and Road Initiative. Additionally, Masdar is utilizing AI technology at its Zarafshan wind farm in Uzbekistan to protect local bird species.
China's electric vehicle (EV) sales have surged, surpassing half of retail passenger vehicle sales in just four months, signaling a significant shift away from gasoline. This rapid electrification is set to drastically reduce demand for transport fuels, impacting the global oil market.
InductEV and ENRX have announced a collaboration to advance wireless EV charging, focusing on establishing technical standards for compatibility and interoperability. Their efforts aim to enhance user choice and support the J2954 standard, paving the way for dynamic charging solutions that allow vehicles to recharge while in motion. This partnership is crucial for addressing range anxiety and expanding the market for electric vehicles.
Global smartphone sales saw a strong rebound in 2024, increasing by 6.2% to an estimated 1.24 billion units, but Apple’s growth was minimal at just 0.4%. While Apple remains the profit leader with an average selling price over $1,000, Android competitors are rapidly gaining market share, particularly in China and emerging markets. The recovery was driven by pent-up demand and the availability of more affordable devices, although AI enhancements did not significantly attract consumers.
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Volkswagen and SAIC extend joint venture to enhance electric vehicle development
05:58 29.11.2024
south africa launches first off-grid electric vehicle charging station powered by renewables
03:16 29.11.2024
Nifty IT Index Reaches Record High Amidst Strong Smallcap Stock Performance
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02:32 29.11.2024
HBL Power and Kernex shares rise on Kavach system deployment update
13:37 28.11.2024
China plans next generation Beidou satellite launch by 2027
09:28 28.11.2024
maersk launches dual fuel methanol vessel to advance shipping decarbonization efforts
05:33 28.11.2024
Masdar accelerates global clean energy investments across multiple countries
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03:14 28.11.2024
china's electric vehicle surge threatens gasoline demand decline
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collaboration aims to advance wireless ev charging technology and standards
16:59 27.11.2024
apple struggles to keep pace in recovering smartphone market in 2024
12:07 27.11.2024
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