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Auto · 30 Mar 2022
Oil Dips, Focus On OPEC+ Response To U.S.-Led Oil Release
OPEC expects the U.S. release to swell a surplus in oil markets by 1.1 million barrels per day (bpd), a source from the group said.
Auto · 30 Mar 2022
Waymo, UPS Expand Autonomous Freight Truck Tie-Up Ahead Of Holidays
The company said trial runs would start in the coming weeks, where big rigs equipped with its fifth-generation Waymo Driver technology will deliver for UPS' North American Air…
Auto · 30 Mar 2022
South Korea’s SK On To Invest $2.5 Billion To Build New EV Battery Factory In China
The company had said in September it planned to build a new battery factory in China with an initial investment of 1.2 trillion won ($1.01 billion).
Auto · 30 Mar 2022
China Evergrande EV Unit To Raise $347 Million From Share Sale To Fund Production
China Evergrande New Energy Vehicle Group Ltd will issue about 900 million shares at HK$3 apiece through a top-up placement to controlling shareholder Evergrande Health Industry Holdings Ltd,…
Auto · 30 Mar 2022
Australia Bumps Up Investment In EV Chargers, Shuns Sales Targets
The additional investment, which adds to an existing A$72 million commitment and will be spent by the end of June 2025, will also aid purchases of electric cars…
Auto · 30 Mar 2022
Startup Italvolt Signs Deal With Engie’s Equans In Italy Battery Facility Plan
Italvolt has pledged to invest 3.4 billion euros ($3.9 billion) to build a battery production facility in Scarmagno, near Turin, to meet growing demand for lithium-ion batteries from…
Auto · 30 Mar 2022
EV Maker Bedeo Acquires Protean From Evergrande’s Auto Unit
Bedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group.a
Auto · 30 Mar 2022
Hertz In Talks With Tesla For EV Delivery Timeline
Tesla boss Elon Musk took to Twitter on Monday to say that his company had not signed a contract with Hertz, spurring a brief halt in Tesla's stock…
Auto · 30 Mar 2022
Battery Swap Startup Ample Hits Unicorn Status With New Funding Round
The latest funding comes on the heels of a $160 million round in August that boosted the companys valuation to $890 million, according to investor website PitchBook.
Auto · 30 Mar 2022
Volkswagen Commences Production Of Virtus Compact Sedan Ahead Of Launch
The all-new Volkswagen Virtus is a compact sedan designed specifically for the Indian market, and will replace the outgoing VW Vento.