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BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks were broadly lower on Friday after data showed Eurozone inflation rose for the first time this year, reaching 2.6 percent year-on-year in May
Cheap EVs from China are making significant inroads into Europe, posing a threat to one of the region's largest industries. BYD Seagull
STMicroelectronics plans to build a giant factory in Italy that will make specialist microchips for EVs and other high-voltage power devices
Renault and Geely's joint venture, HORSE Powertrain, aims to develop combustion and hybrid engines, bolstering competitiveness and addressing decarbonization challenges. With anticipated annual revenue of 15 billion euros and a production target of five million units. The venture, led by Matias Giannini as CEO and Daniel Li as chairman, signifies both companies' strategic partnership efforts.
Renault CEO Luca de Meo was critical of Volkswagen after talks over a joint affordable EV imploded.