BYD Executive Says It Will Supply Batteries To Tesla ‘Very Soon’
Chinese battery giant CATL is currently the sole supplier of LFP batteries to Tesla, which has been installing such batteries...
Month: June 2022
Musk’s Warning Could Be Auto Industry’s ‘Canary In The Coal Mine’ Moment
Musk said the electric carmaker needed to cut about 10% of its workforce in an email to executives seen by...
China EV Startups Say May Sales Up, Post-Lockdown Output Constrained
All three companies cautioned that output had not yet fully recovered, constrained by parts supply issues. Shanghai, a key production...
Oil Prices Slump As Investors Fear Fed Rate Hikes Will Hurt Demand
Investors have been paring positions in risky assets as they assess whether inflation-fighting central banks could push the world economy...
Old Is Gold: Sky-High Cost Of Ageing Ships Sounds Inflation SOS
The disruption to world trade caused by pandemic lockdowns and a shortage of new cargo vessels has pushed freight rates...
India’s Reliance Considers Buying Out Revlon In U.S.
Reliance has pushed its way into the fashion and personal care space in recent months as it diversifies away from...
Drivers Shrug Off Soaring Fuel Prices, For Now
Consumers have been changing their driving habits, with some, for example, opting not to fill their tanks to capacity, but...
Oil Rises On Tight Supplies; Trade Choppy On Demand Worries
Brent crude rose 26 cents to settle at $122.27 a barrel. U.S. West Texas Intermediate crude rose 26 cents to...
Oil Jumps To 13-Week High On Rising U.S. Gasoline Demand
The move has raised tensions with the United States and other countries negotiating with Iran over its nuclear program, and...
Oil Rises 1 Per Cent As U.S. Crude Drawdown Overshadows OPEC+ Boost
Oil prices fell earlier on Thursday as Saudi Arabia and other OPEC+ states agreed to bring forward oil production rises...
