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Auto · 28 May 2022
South Korean EV Battery Makers In $13 Billion Spree To Win U.S. Market
South Korean battery makers have stepped up their U.S. investment ambitions and cumulative spending announcements since 2018 now total some $13 billion.
Auto · 28 May 2022
Car Tech Firm ECARX To Go Public In $3.8 Billion Blank-Check Deal
ECARX Holdings said it would go public through a merger with a blank-check firm in a deal that values it at $3.82 billion.
Auto · 28 May 2022
Volkswagen CEO Sees Production Rebound
Volkswagen CEO Herbert Diess said he sees "clear improvement" in semiconductor supplies and expects the automaker's global production can recover during the rest of this year.
Auto · 28 May 2022
Tesla Not Setting Up Manufacturing Unit In India Unless Allowed To Sell And Service Cars First
Responding to a Twitter user, Tesla CEO Elon Musk, said that Tesla will not put up a manufacturing unit in any location unless it is allowed to sell…
Auto · 28 May 2022
Oil Settles Mixed Amid Beijing Lockdown Fears, Tight Supplies
A pending European Union ban on oil from Russia, a key supplier of crude and fuels to the bloc, is anticipated to further tighten global supplies.
Auto · 28 May 2022
U.N. Seeks $144 Million To Offload Decaying Yemen Oil Tanker
David Gressly, the UN Resident and Humanitarian Coordinator for Yemen, said he hoped a donors conference held with the support of Netherlands in the Hague would quickly mobilise…
Auto · 28 May 2022
India To Launch 20% Ethanol-Mixed Gasoline In Some Parts From April: Report
Hit hard by rising oil prices, India has expedited efforts to boost local output of oil and a transition to alternative fuels to cut its import bill. The…
Auto · 28 May 2022
Russia Jumps To 4th Position As Oil Supplier To India
Russia's share in India's oil purchases rose to a record 6%, about 277,000 barrels per day (bpd) in April, up from about 66,000 bpd in March, when it…
Auto · 28 May 2022
Iraqi Kurdish Leader Says Rejects Federal Court Oil And Gas Ruling
Iraq's federal court has deemed an oil and gas law regulating the oil industry in Iraqi Kurdistan unconstitutional and demanded that Kurdish authorities hand over their crude supplies.
Auto · 28 May 2022
Nepal Raises Retail Fuel Price, Stoking Inflation Fears
State monopoly Nepal Oil Corporation (NOC) said in a statement that the price for one litre of petrol was raised 5.8% to 180 Nepali rupees ($1.45) from 170…