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Toyota, Nissan, and Honda Join Forces on AI and Chip Development for Next-Gen Vehicles
Toyota, Nissan, and Honda have teamed up to develop cutting-edge AI and semiconductor technologies for next-generation vehicles, focusing on areas like semiconductor chips, APIs, virtual simulation, and cybersecurity. Supported by Japan's Ministry of Economy, Trade, and Industry, this collaboration aims to enhance Japan's competitiveness in the evolving automotive industry. The initiative includes forming the Advanced SoC Research for Automotive (ASRA) group, involving 12 companies, to create high-performance system-on-chip (SoC) technologies for mass production by 2030, marking a significant advancement in software-defined vehicles (SDVs) and autonomous driving capabilities
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6.12.2023
Overcoming Grid Connection Challenges in the US Offshore Wind Industry
The US offshore wind industry has significant growth potential, but it must overcome challenges related to grid connection, given the remote locations of offshore wind farms. However, driven by state procurement policies and supported by funding and tax incentives in recent infrastructure legislation, the industry has a promising outlook. With the goal of deploying substantial offshore wind capacity by 2030, it has the potential to make a significant contribution to the country's clean energy transition.
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6.12.2023
Assessing the Mid-Point of the Quarter: Stability in Bookings Weakening Outlook for 2H 2023
The semiconductor industry is facing a slowdown in demand due to a number of factors, including a global economic slowdown, elevated inventory levels, and price sensitivity from customers. Despite these challenges, the industry is resilient and well-positioned to navigate these obstacles and emerge stronger.
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6.9.2023
How are smart home devices transforming our lives amid their increasing popularity?
Smart home devices have become increasingly popular in recent years, offering convenience, security, and personalization to homeowners. These devices, which are connected to the internet and controllable by voice or mobile apps, can adjust settings based on usage patterns to save energy, enable remote monitoring of homes, and provide voice control and remote access. However, there are some potential drawbacks to using smart home devices, such as high costs and vulnerability to hacking. Overall, smart home devices have the potential to significantly improve our lives, but should be adopted with awareness of their limitations.
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6.8.2023
Boeing Boosts Production of 787 Dreamliner and Expands Facilities
Boeing has announced an increase in production for its widebody 787 Dreamliner aircraft. The company has raised production from three to four planes per month, with plans to further ramp up to five per month by the end of the year. Additionally, Boeing intends to establish a second production line in Charleston, South Carolina, to accommodate the modification of inventory 787s to meet FAA standards. Lane Ballard, Boeing's vice president and general manager for the 787 program, provided these details regarding the company's plans.
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6.8.2023
Japanese Robotics Industry Witnesses Growth in 2022, but Faces Projected Decline in Orders for 2023
According to the Japanese Robotics Association, sales of Japanese robotics saw a year-on-year increase of 9.2% in 2022, while orders grew by 3.1%. However, the association projects a decline in orders of 8.3% for 2023 due to the uncertain global macro-outlook.
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6.8.2023
Tesla Increases Discounts on Select Models in U.S. Inventory
Tesla has increased discounts on some Model 3 electric cars and offered discounts on the Model Y and other inventory vehicles in the US market. The company is adjusting prices to clear inventory and stimulate sales.
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6.8.2023
EV Sales Surge in 1Q23, Driven by Price Adjustments and Strong Performance from Tesla
The total sales of New Energy Vehicles (NEVs) in 1Q23 reached 2.656 million units, with a 28% year-on-year (Y/Y) increase. Battery Electric Vehicles (BEVs) contributed 1.942 million units, a 26% Y/Y growth, while Plug-in Hybrid Electric Vehicle (PHEV) sales amounted to 711,000 units, a 34% Y/Y increase. Tesla experienced a record-breaking first quarter with sales of 423,000 units, increasing its market share to 21.8%.
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6.8.2023
European Auto Financing Costs Rise, Leading to Higher Car Loan Rates for Consumers
European car-financing businesses are issuing more expensive debt, leading to higher car loan rates for customers. Auto companies like BMW and Mercedes-Benz sold €8.45 billion ($9 billion) in bonds, resulting in higher costs for vehicle financing and potentially impacting consumers.
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6.8.2023
China Witnesses Strong Growth in New Energy Vehicle (NEV) Sales in May
Retail sales of passenger NEVs in China for May 2023 remained flat compared to the previous month but showed an 82% Y/Y increase, totaling 483,000 units. Wholesale sales of passenger NEVs in China during the same period increased by 81% Y/Y to 550,000 units. The Chinese State Council is proposing to extend NEV car incentives for four more years to stimulate consumer demand.
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6.8.2023
China's State Council Proposes Extension of NEV Car Incentives to Boost Consumer Demand
The Chinese government is considering extending incentives for new-energy vehicles (NEVs) in order to boost consumer demand. Currently, NEVs priced below 300,000 yuan ($42,400) are exempt from a 10% purchase tax, but this incentive is set to expire at the end of 2023. The State Council has proposed extending this incentive for another four years, aiming to stimulate the adoption of NEVs in China.
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