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BEIJING, May 27 (Reuters) - BMW, Daimler and Ford have set up facilities in China to store data generated by their cars locally, they told Reuters, as automakers come under growing pressure in the world’s biggest car market over how they handle information from vehicles.
Cars are being fitted with an ever-increasing array of sensors and cameras to assist drivers.
But the data they generate can also be used by manufacturers to help develop new technologies, such as autonomous driving systems, raising privacy and security concerns, particularly when the information might be sent abroad.
Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs), two people close to the South Korean automaker told Reuters.
Sponsor interest in the Extreme E electric off-road racing series has accelerated since last month's debut in Saudi Arabia, team owner and 2016 Formula One champion Nico Rosberg said on Thursday.
Project aims to produce 120,000 T nickel, 15,000 T cobalt a year Huayou to hold 20%, EVE 17% and Tsingshan unit 31%
May 24 (Reuters) - China’s Zhejiang Huayou Cobalt Co said on Monday it would partner with companies including a unit of battery maker EVE Energy to set up a $2.08 billion nickel and cobalt smelting project in Indonesia.
Huayou will hold 20% of the venture and it is the cobalt supplier’s third major investment in a smelter in top nickel ore miner Indonesia, which is becoming an important centre for the nickel and cobalt chemicals used in electric vehicle batteries.
The latest site will be at Weda Bay on the island of Halmahera in North Maluku province where Huayou already partners with Tsingshan Holding Group in a nickel sulphate project. The project aims to produce around 120,000 tonnes of nickel and 15,000 tonnes of cobalt on a metal content basis, Huayou said in a filing to the Shanghai Stock Exchange.