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France’s Renault has formally signed a joint-venture agreement with China’s Geely to set up a new combustion engine and hybrid powertrain company, while Saudi Aramco is still mulling an investment. ....
Tesla and China’s top electric-vehicle makers including BYD pledged to maintain fair competition and avoid “abnormal pricing” in the world’s biggest EV market, signalling a possible end to the 2023 price war that’s shrouded the industry. ....
US stocks headed for the worst week since March as anxiety rose that central banks will have to ratchet rates higher to tamp down inflation. Treasuries led a rally in bonds on bets that excessive tightening will bring on sharp economic downturns. ....
Electric-vehicle sales are poised to more than double by 2026 but eliminating emissions from road transportation by the middle of this century will require even greater efforts, according to BloombergNEF. ....