Energy prices contracted 3.2% in August, led by crude oil (-6.2%) and natural gas U.S. (-4.1%). Non-energy prices eased by 1.9%.
Metal prices dropped by 3.1%, led by iron ore (-6.5%), lead (-5.3%), and copper (-4.4%). Precious metals rose by 1.8%.
Energy prices contracted 3.2% in August, led by crude oil (-6.2%) and natural gas U.S. (-4.1%). Non-energy prices eased by 1.9%.
Metal prices dropped by 3.1%, led by iron ore (-6.5%), lead (-5.3%), and copper (-4.4%). Precious metals rose by 1.8%.
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Volkswagen has partnered with German start-up Revoltech GmbH to explore and develop a material made from industrial hemp for use in automotive interiors. This collaboration aims to create a 100% bio-based leather alternative that is both sustainable and practical, with the potential to be integrated into Volkswagen models from 2028.
COVAL SAS, a France-based manufacturer of vacuum systems and components, has announced the second generation of its CVGC carbon vacuum gripper. The gripper is designed for collaborative robots.
The upgraded gripper is aimed at enhancing modularity, compatibility and performance, with the development following extensive feedback from customers and industry stakeholders.
Waymo has revealed its new sixth-generation robotaxi with a sensor suite “optimised for greater performance at a significantly reduced cost, without compromising safety”. The robotaxi company Waymo says it wants its vehicles to drive around US cities with fewer cameras and radar sensors in future.
The next generation of vehicles and software will only need 13 cameras instead of the previous 29.
BYD's Fangchengbao brand will be the first to use Huawei's Qiankun intelligent driving system. Chinese electric vehicle (EV) giant BYD has signed an agreement with Huawei to use the Chinese tech conglomerate's advanced autonomous driving system in its off-road Fangchengbao EVs. The Bao 8 SUV under the Fangchengbao lineup will be the first BYD model to sport Huawei's Qiankun intelligent driving system and go on sale later this year.
Uber and BYD announced a multi-year strategic partnership designed to bring 100,000 new BYD electric vehicles onto the Uber platform across key global markets. By working together, the companies aim to bring down the total cost of EV ownership for Uber drivers, accelerating the uptake of EVs on the Uber platform globally, and introducing millions of riders to greener rides.