Loop, Suez to Build $285 Million Recycled-Plastic Factory in France

Plastic-recycling startup Loop Industries Inc. plans to build a factory in France with waste-management company Suez SA, aiming to tap demand from businesses that want to reduce their plastic waste. The Normandy plant, which will produce recycled plastic resin, is expected to begin operating in 2025 and construction is scheduled to start next year, Loop … Read more

Rivian stock plunges after news of Amazon-Stellantis deal

Stellantis announced on January 5, 2022, a major partnership with Amazon to connect its vehicles, including using the US giant’s AWS servers and its Alexa voice command system. Marco Bertorello | AFP | Getty Images Stellantis, the automaker formerly known as Fiat Chrysler, said Wednesday that Amazon will provide its in-car dashboard software and cloud … Read more

As China ramps up environmental efforts, property developers face more scrutiny, says fund manager

China’s property developers could come under greater scrutiny for flouting environmental laws, as Beijing steps up efforts to reinforce rules, according to one portfolio manager.  The latest move by Chinese authorities to order indebted property developer China Evergrande to demolish 39 buildings of its Ocean Flower Island project came as a surprise to many, said Teresa Kong, … Read more

How climate change primed Colorado for a rare December wildfire

Fire crew work to put out flames at a home burnt in the Marshall Fire in Boulder County on December 31, 2021 in Louisville, Colorado. RJ Sangosti | MediaNews Group | The Denver Post via Getty Images The rare December blaze that tore through Boulder County, Colorado, at frightening speed this week may not be that unusual … Read more

From the F-150 Lightning to Rivian, here are the 11 hottest electric vehicles coming out in 2022

Tesla is still the world’s most dominant electric vehicle force, but competition is coming. The world’s most valuable car company, with a market value north of $930 billion, outpaced all other automakers in electric vehicle sales through the first three quarters of 2021. But Tesla is from alone in a market that becomes more packed … Read more

Europe’s $12 billion Tesla battery rival produces its first lithium-ion cell

Northvolt’s battery factory in the north of Sweden in June. Northvolt Swedish battery maker Northvolt announced Wednesday that it has produced its first lithium-ion battery cell at its factory in Västerås, meeting its deadline to start production at the plant before the end of 2021.   Northvolt, which competes with Tesla‘s battery-making division and was … Read more

Tesla’s German Gigafactory faces local hurdles as it nears completion

SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Electric carmaker Tesla is clearing the final hurdles to get its massive German “Gigafactory” up and running in the new year. The Berlin-Brandenburg plant has … Read more

Hydrogen, chips and more: Fund managers and analysts name their top stocks for 2022

A Broadcom chip in an Apple iPhone. Brent Lewin | Bloomberg | Getty Images There are investment opportunities across a broad range of sectors in 2022, from semiconductors to batteries, hydrogen and beyond — that’s according to fund managers and analysts who shared their top picks for the coming year. Source link

New York state reports highest number of daily Covid cases of entire pandemic at more than 21,000

Kathy Hochul, governor of New York, arrives to speak at a news conference in New York, U.S., on Monday, Sept 30, 2021. Angus Mordant | Bloomberg | Getty Images New York state saw its highest number of new Covid cases in a single day of the entire pandemic, topping just over 21,000 new infections on … Read more

Amazon fined $1.28 billion by Italy’s antitrust regulators

Packages move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, U.S., on Monday, Nov. 29, 2021. Michael Nagle | Bloomberg | Getty Images Amazon was fined 1.13 billion euros ($1.28 billion) on Thursday by Italian antitrust regulators for abusing its market dominance. The Autorità Garante della Concorrenza e … Read more