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Foxconn to Switch Focus to Electric Vehicles 

June 16, 2023

Foxconn, the Taiwanese manufacturer of iPhones, will shift its focus towards electric cars in the future, in the face of strained relations between the United States and China.  Chairman Young Liu told…

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Tesla Engineer Testifies Self Driving Video Was Staged 

January 18, 2023

Tesla staged a 2016 video used to promote self driving technology in its cars, according to a testimony by a senior engineer at the company.  The 2016 video, which shows capabilities such…

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Swedish Mining Company Finds Europe’s Largest Rare Earth Deposit 

January 13, 2023

A Swedish mining company has discovered Europe’s largest deposit of rare earths — minerals used to make products like smartphones and electric vehicles.  In 2021, 98% of rare earths used in the…

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Musk Sell Further $3.6bn Worth of Tesla Shares 

December 15, 2022

Elon Musk has sold another $3.6 billion worth of shares in electric car maker Tesla, bringing the total value of shares he has sold in the company this year to more than…

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U.S. Scientists Make Nuclear Fusion Breakthrough 

December 13, 2022

Scientists at the National Ignition Facility at the Lawrence Livermore National Laboratory in California have reportedly made a breakthrough in their mission to unlock the potentially limitless energy of nuclear fusion, by…

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Tesla Slashes Prices in China Amid Demand Concerns 

October 25, 2022

Tesla has cut prices of its cars in China, as the electric car manufacturer faces increased competition and slowing demand.  This week Tesla’s Chinese website offered a Model 3 sedan at a…

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Amazon to Invest €1bn to Electrify European Fleet 

October 10, 2022

Amazon will spend €1 billion over the next five years to electrify its delivery fleet in Europe, Reuters has reported.  Currently the e-commerce giant has around 3,000 zero-emission last-mile delivery vans in…

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Intel’s Self-Driving Tech Company Mobileye Files For IPO 

October 3, 2022

Mobileye, the self-driving technology company owned by Intel, has filed for an IPO.  An SEC filing shows the Israel-based company, which was acquired by Intel for $15.3 billion in 2017, intends to…

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Tesla Told to Recall 1.1 Million Cars Over Windows 

September 23, 2022

Tesla has been forced to recall nearly 1.1 million cars in the United States, because the windows may close too fast and catch people’s fingers.  Regulators in America said the windows may…

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Cruise to Launch Robotaxi Service in Phoenix and Austin 

September 13, 2022

Autonomous vehicle company Cruise, which is owned by General Motors, is to launch a robotaxi service in Phoenix, Arizona and Austin, Texas before the end of the year, the company has announced. …

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Investment Roundup

Saudi Startup Foodics Gets $20m Cash Injection

Saudi Arabian firm Foodics, which has created an all-in-one restaurant

The Exit Report

Israel’s YL Ventures Sells Axonius Stake for $270m, Just a Week After Unicorn Valuation

Israeli venture capital fund YL Ventures has sold its stake in compatriot

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