⚡ Watts up? BYD is continuing to dominate in the EV market, with their latest report revealing over 500,000 vehicles were sold in November, crazy numbers! Speaking of crazy numbers, renewable energy giant, Masdar, recently acquired Terna Energy for $3.3 billion, marking the largest deal on the Athens Stock Exchange. Learn more on those stories, and others, in todays issue.

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QotD: When did Formula E make its debut?

ELECTRIC VEHICLES

BYD’s Monthly Vehicle Sales Reach Another Record High

🚗 BYD achieved a significant milestone last month, setting a record with 506,804 vehicles sold—a 67.87% increase from the previous year.

• Passenger vehicles dominated sales at 504,003 units, with BEVs growing 16.41% year-on-year to 198,065 units and PHEVs rising 133.13% to 305,938 units.

• Internationally, BYD sold 30,977 electric passenger vehicles, with 28,141 units exported.

• The commercial vehicle segment saw remarkable growth, surging 433.52% year-on-year to 2,801 units.

• Year-to-date sales reached 3,757,336 vehicles, a 40.02% increase, keeping BYD on track for its 4 million-unit target.

• Brand highlights included 485,178 vehicles from the Dynasty and Ocean series, 10,002 DENZA units, and notable contributions from YANGWANG and FANGCHENGBAO.

This growth reflects BYD's solid position in the electric vehicle market.

INFRASTRUCTURE

Smart UK Partners with Ohme to Provide EV Charging Solutions to its Customers

🔋 smart UK has partnered with Ohme, a dynamic EV charging company, to become its exclusive home charging provider. This collaboration integrates Ohme’s innovative charging solutions with smart’s EV offerings, including the smart #1 and upcoming #3 models.

• Ohme chargers, featuring dynamic technology that optimises charging based on real-time grid data, will be recommended to smart customers.

• Customers can access Ohme chargers, installation services, and retailer support at smart retail locations.

• Ohme’s technology is compatible with all UK energy tariffs, including options from Octopus and OVO, and offers a solar boost function to prioritise renewable energy use.

• Ohme, already a provider for Motability Operations, Mercedes-Benz UK, and Athlon, continues its growth in the home EV charging sector.

This partnership highlights smart UK’s commitment to enhancing its EV ecosystem with sustainable and customer-centric solutions while supporting Ohme’s position as a leader in the charging industry.

CLEAN ENERGY

Masdar Acquires Terna Energy for $3.3bn

☀️ Masdar, a UAE-based clean energy firm, has completed a €3.2 billion acquisition of Terna Energy, marking the largest deal on the Athens Stock Exchange and a milestone in Europe’s renewables sector. The agreement includes a 70% stake acquired at €20 per share, with plans for a full takeover pending regulatory approval.

• The acquisition increases Masdar’s European portfolio, aligning with its goal of achieving 100GW global renewable capacity by 2030.

• Terna Energy, Greece’s leader in renewables, operates a 1.2GW portfolio spanning wind, solar, biomass, and hydro projects, with ambitions to reach 6GW by 2029.

• Key assets include the 680MW Amfilochia pumped hydro facility, one of Europe’s largest.

• Terna also extends its reach to Bulgaria and Poland, complementing Masdar’s international ambitions.

This strategic partnership highlights Masdar’s role in advancing global renewable energy while supporting Greece’s transition to a sustainable energy future.

TECHNOLOGIES

German Government Plans to Invest €2 Billion into Semiconductor Industry

📱 The German government has announced plans to invest billions of euros to boost its semiconductor industry, aiming to establish cutting-edge chip production facilities. This initiative follows Intel's delay of a €30 billion chip factory in Magdeburg and aligns with global efforts to secure chip supply chains.

• Funding, estimated at around €2 billion, will support advanced semiconductor production and help localise supply chains disrupted by the pandemic and geopolitical tensions.

• Subsidies will target 10 to 15 projects, including raw wafer production and microchip assembly, as part of Germany’s role in the EU Chips Act, which aims to double the EU’s chip market share to 20% by 2030.

• Previous rounds of subsidies supported Intel and an Infineon-TSMC joint venture in Dresden, though other ventures, such as Wolfspeed’s project, were abandoned.

• These investments aim to build a sustainable microelectronics ecosystem and reinforce Germany’s role in global semiconductor innovation.

This funding reflects Germany's commitment to strengthening its semiconductor sector amid rising international competition.

WATT ELSE?

• Carlos Tavares, CEO of Stellantis, steps down

• Otojet, Porsche, and ABB collaborate on electric vehicle charging stations

• Eberspaecher releases on-demand water heater for electric buses

• CUPRA unveils new lighting technology on the Terramar

• New Opel Mokka features ChatGPT

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Answer: 2014