Latest News
India Cuts Fuel Export Taxes, Hikes Tax On Local Crude
India has cut fuel export taxes for the second time in less than two weeks and increased a windfall tax on locally produced crude oil
Toyota-Panasonic Battery JV To Buy Lithium From ioneer's Nevada Mine
Dec 1, 2022 01:39 AM
A joint battery venture of Toyota Motor Corp and Panasonic Corp will buy lithium from ioneer Ltd's Rhyolite Ridge mining project and use the metal to build electric vehicle batteries in the United States.
Uber Turns Cash Flow Positive For The First Time, Shares Surge
Dec 1, 2022 01:39 AM
Uber Technologies Inc reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its ride-hailing and food-delivery services.
China's CATL Reshuffles Management As Billionaire Executive Exits
Dec 1, 2022 01:34 AM
China's CATL said its vice chairman and deputy general manager Huang Shilin had resigned and would leave the battery maker to explore business opportunities elsewhere.
Shenzhen Accelerates China's Driverless Car Dreams By David Kirton
Dec 1, 2022 01:34 AM
On a busy downtown street three delivery bikes suddenly dart over the pedestrian crossing ahead of the car. On the car's dashboard they look like small 3D blue blocks from a 1990s video game.
Nikola To Buy Battery Supplier Romeo Power For $144 Million
Dec 1, 2022 01:33 AM
Nikola Corp has agreed to buy battery supplier Romeo Power Inc for about $144 million in stock, the electric truck maker said on Monday, in a move that will help jumpstart its efforts to make battery packs.
India Shares End At Three-Month High Riding On Auto Rally
Dec 1, 2022 01:32 AM
Indian shares kicked off August on a positive note, with benchmark indexes hitting a three-month high led by a rally in automobile stocks on the back of robust monthly sales data.
Factbox-Automakers Accelerate Drive To Secure Battery Raw Materials
Dec 1, 2022 01:32 AM
Rising demand for EV around the world is encouraging automakers such as Tesla, Volkswagen and Stellantis NV to step up efforts to secure raw materials needed for making batteries.
China's CATL To Develop New Battery Materials To Improve Energy Density - Report
Dec 1, 2022 01:32 AM
CATL is working on new battery materials that can improve energy density by 10% to 20% compared to iron phosphate batteries.
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