January 4, 2022: South Korea’s antitrust regulator stated that it would put a 2.85 billion won fine on Tesla for decreasing to inform its customers regarding the shorter driving of its electric vehicles in lower temperatures.
The Korea Fair Trade Commission stated that Tesla had exaggerated the “driving which ranges of its cars on a single price, their fuel cost-effectiveness in comparison to gasoline vehicles and the performance of its Superchargers” on its authorised local website in August 2019 recently.
The driving people of the U.S. EV manufacturer’s cars plunged in cold weather by up to 50.5% versus how they are advertised online, the KFTC stated in a statement on Tuesday.
Tesla provides winter driving tips on its website, such as pre-conditioning vehicles with external power bases and operating its updated Energy app to monitor energy consumption. However, it does not mention the loss of driving range in sub-zero temperatures.
In the year 2021, Citizens United for Consumer Sovereignty, a South Korean consumer group, stated that the driving range of most EVs dropped by up to 40% in cold temperatures when the battery needs to be heated, with Tesla that suffers the most, which cited data from the country’s environment ministry.
The previous year, the KFTC fined German carmaker Mercedes-Benz and its Korean unit 20.2 billion won, which states advertising tied to gas emissions of its diesel passenger vehicles.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
AspenTech, a Massachusetts-based company, plays a pivotal role in the oil and gas industry by leveraging cutting-edge technologies, including AI (artificial intelligence). Let’s delve into how AspenTech contributes to this dynamic sector
It’s no secret that oil and gas is a boom-and-bust industry. Production is currently up, projected to increase to 13.7 million barrels daily in 2024. But this won’t last forever. Whether production is up or down, the key to maximizing production, optimizing efficiency, and taking advantage of increased profits is innovation, digital transformation,and automation.For stakeholders looking to deliver safer, more efficient, and cheaper energy, innovation and automation must be a top priority. Those who fall behind in the race to innovate, ultimately, run the risk of losing market share.
Talking to Thomas Hundertmark, a senior partner in McKinsey’s Houston office, Darren Woods is chairman and CEO of ExxonMobil made some crucial points and also gave some insights on what the conglomerate was doing in order to save the climate.
When Darren Woods took the reigns of ExxonMobil six years ago, no one could have anticipated that the Kansas resident would soon face what Texas oil patch vets call “a whole pile of trouble.” Three years later, the oil market collapsed during the COVID-19 pandemic, which dealt the 140-year-old oil organization its first annual upset in four decades.
Today oil and gas producers face severe regulatory and public relations obstacles due to the concern with greenhouse gases and resource depletion. Calgary-based start-up, Advanced Upstream (“AU”), has been disrupting the oil and gas industry with simple and reliable innovative technologies. AU’s products help the oil and gas producers to enhance energy production while reducing the corresponding environmental impact. By decreasing personnel and time on site, and lowering overall HSE risks across the board, the clients can see a notable improvement in their ESG rating, contributing to their bottom line.
Jasmin Staiblin, Chief Executive Officer of ABB Switzerland, says, “Global energy consumption continues to grow and, if left unabated, will lead to an ever-greater risk of irreversibly changing our climate. To take advantage of more sustainable energy sources, the energy landscape is in a state of profound change to allow the integration of increasing amounts of renewable energy sources into the grid, to allow infrastructure to run more intelligently and efficiently, and to ensure the supply of energy is available at all times.
The activation of the Fallon Two Rock solar farm project has recently bolstered the Californian energy …