Chinese Tesla rival Xpeng launches flagship EVs in Europe in international push

Xpeng is pushing aggressively into international markets. The Chinese electric car start-up launched its P7 sedan and G9 SUV in Denmark, Norway, the Netherlands and Sweden. Zhang Peng | LightRocket | Getty Images Xpeng, a Chinese electric vehicle startup, on Friday launched two of its flagship cars across a number of European countries, as it continues its aggressive international push. The Guangzhou, south China-headquartered company said a revamped version of its P7 sedan and its G9 sports utility vehicle (SUV) are available to order in Denmark, Norway, the Netherlands and…

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We Believe They Are Ready: US On Sweden, Finland’s Candidacy For NATO

The United States said on the candidacies of Sweden and Finland for the North Atlantic Treaty Organisation (NATO) that the two Nordic countries are ready and should be added to the world’s strongest defence alliance at the earliest possible opportunity. Addressing a press briefing on Tuesday, the US State Department Spokesperson Ned Price said that the US has been very clear about its views on Finland and Sweden’s candidacies for NATO membership in public, as well as in private.    “The issue of Sweden and Finland is not a bilateral…

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These photos show the many ways Christmas is celebrated around the world

For many, Christmas is a time of gift exchanges, log cakes and turkey dinners. But that’s not the case everywhere. In a yearly series, CNBC Travel highlights diverse Christmas celebrations around the world. Austria Christmas comes with a spooky twist in Austria, Germany and other Alpine countries that celebrate St. Nicholas Day during the first week of December. “Krampuslauf,” which translates to “Krampus run” in German, is an annual parade typically held on Dec. 5 or 6 where participants dress up as the half-goat, half-demon Krampus to frighten onlookers. Krampus…

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A map that shows the most popular Christmas dishes around the world

People traveling abroad this Christmas may not find their favorite holiday food on the menu. That’s because traditional holiday fare varies around the world. To see who’s eating what this weekend, the culinary website Chef’s Pencil created a map showing what it says are the most popular Christmas dishes around the world. Where turkey is the tradition Travelers spending the holiday in the United States, Canada, France, Ireland and the United Kingdom can expect turkey on the table this Christmas, according to the map. Those headed to parts of South…

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Infosys Expands Footprint In Nordic Region, Establishes Proximity Center In Sweden

Infosys on Monday announced a new proximity center in Gothenburg, Sweden. The investment has been made by Infosys to enhance its localisation strategy in the Nordics by bringing next-generation digital offerings to its clients in the region, as they navigate the next stage in their digital journeys. Over the past two decades, Infosys has been steadily growing its footprint across the Nordics. The new center represents another step to strengthening the strategic presence in Gothenburg, a major city on the west coast of Sweden and an emerging automotive, digital tech…

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Volvo starts series production of heavy-duty electric trucks, targets 50% of sales by 2030

This image shows workers at Volvo Trucks’ plant in Sweden. Volvo Trucks Volvo Trucks said Wednesday that production of three heavy duty electric truck models was now underway, with its president telling CNBC that the news represented “a big moment” for the firm. In a statement, Volvo Trucks said the electrified Volvo FM, Volvo FMX and Volvo FH vehicles could run at a weight totaling 44 metric tons. According to the company, the range for the electric FM is up to 380 kilometers, or just over 236 miles. Ranges for…

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Volkswagen-backed Northvolt to develop wood-based batteries for EVs

This image from 2007 shows logs and wood chips outside a Stora Enso paper mill in Finland. The firm says it’s “one of the largest private forest owners in the world.” Suzanne Plunkett | Bloomberg | Getty Images Northvolt will partner with Stora Enso to develop batteries that incorporate components produced using wood sourced from forests in the Nordic region. A joint development agreement between the firms will see them work together on the production of a battery containing an anode made from something called lignin-based hard carbon. An anode…

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VW and Goldman-backed battery maker Northvolt gets $1.1 billion funding injection

Northvolt’s most recent funding announcement comes at a time when major economies are laying out plans to move away from vehicles that use diesel and gasoline. Mikael Sjoberg | Bloomberg | Getty Images Electric vehicle battery maker Northvolt on Tuesday announced a $1.1 billion funding boost, with a range of investors — including Volkswagen and Goldman Sachs Asset Management — taking part in the capital raise. In a statement, Sweden-based Northvolt said the $1.1 billion convertible note would be used to finance the company’s “expansion of battery cell and cathode…

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Here’s what’s hot — and what’s not — in fintech right now

There has been something of a rotation out of certain pockets of fintech that were hyped by venture capitalists last year, such as crypto and “buy now, pay later,” and into less sexy areas focused on generating stable streams of income. Jantakon Kokthong / Eyeem | Eyeem | Getty Images Financial technology is the hottest area of investment for venture capitalists — $1 out of every $5 of funding flowed into fintech startups in 2021. But with a recession possibly around the corner, investors are writing fewer — and smaller…

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Volvo says it has started testing trucks with fuel cells powered by hydrogen

According to Volvo Trucks, fuel cells for the vehicles will be provided by cellcentric, a joint venture with Daimler Truck that was established in March 2021. Tomohiro Ohsumi | Bloomberg | Getty Images Volvo Trucks said Monday that it had begun to test vehicles that use “fuel cells powered by hydrogen,” with the Swedish firm claiming their range could extend to as much as 1,000 kilometers, or a little over 621 miles. In a statement, Gothenburg-headquartered Volvo Trucks said refueling of the vehicles would take under 15 minutes. Customer pilots…

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