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1 | American Airlines reported a net income of $10M for the first quarter, up from a net loss of $1.63B in Q1 2022. While cargo revenue decreased by 38.7% YoY to $223M, passenger revenue increased by 42% YoY to $11.1B. 
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2 | Intel's self-driving tech unit, Mobileye, revised its expectations for 2023 from an original range of $2.19B and $2.28B in revenue to $2.06B and $2.11B. This may be a result of Tesla lowering its prices in China, where Mobileye supplies competitors Zeekr and NIO. |
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3 | BMW's i Ventures announced an investment in Canadian rare earth company Cyclic Materials, leading a $27M Series A with Energy Impact Partners. Last month, BMW participated in DeepDrive, a Munich-based developer of electric drives, and Plus One Robotics, a parcel-handling robotics platform for logistics. |
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4 | Vietnamese electric vehicle company VinFast announced it raised $2.5B in funding from its parent company, Vingroup, and its chairman Pham Nhat Vuong. In February, the company cut an undisclosed number of positions in the U.S., impacting its mobile service operations and EV charging infrastructure teams. |
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5 | Emirates announced it would deploy robot assistants at Dubai International Airport that check in passengers by scanning their faces and matching them to passports and guide customers to the luggage drop-off area. The airline also revealed it is launching flights to Montreal in July. |
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6 | Joby Aviation announced an agreement with Toyota to supply key eVTOL components. The automaker invested $394M in Joby's Series C in 2020. |
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7 | BYD reported ~$596.56M in net profit for the first quarter, increasing by 410.9% YoY. The Chinese automaker sold 552,076 "new energy vehicles" (incl. PHEVs) in Q1, rising by 93% YoY.
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