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Tesla Weighs Reset For China Retail Strategy Even As Sales Boom
Tesla is reevaluating the way it sells electric cars in China, its second-largest market, and considering closing some showrooms in flashy malls in cities like Beijing where traffic plunged during COVID restrictions, two people with knowledge of the plans said.
'It Felt Like Star Wars': Hoverbike Makes U.S. Debut
Dec 1, 2022 05:23 AM
A hoverbike that the Japanese manufacturers plan to launch in the United States next year made its U.S. debut at the Detroit Auto Show, drawing perhaps inevitable comparisons to the speeder bikes of "Star Wars."
Loop Energy Says New Hydrogen Fuel Cell More Efficient Than Diesel Engine
Dec 1, 2022 05:22 AM
Hydrogen fuel cell maker Loop Energy said that its latest cell system can deliver better fuel economy than a diesel engine at current price levels.
Tesla Says China Sales Channel Expansion Proceeding At Normal Pace
Dec 1, 2022 05:22 AM
Tesla said that it is still expanding its sales channels in China at a normal pace, in response to a Reuters report saying it was considering closing some city centre showrooms in its second largest market.
Indian Shares Rise As Finance, Autos Gain; Cenbanks In Focus
Dec 1, 2022 05:22 AM
Indian shares ended higher, lifted by gains in financials and auto companies, while investors prepared for a host of central bank meetings this week to gauge the impact of rate hikes on global economy.
Tesla Completes Production Capacity Expansion At Shanghai Plant - Shanghai Govt
Dec 1, 2022 05:22 AM
Tesla completed a project to expand production capacity at its Shanghai plant, according to a statement on a Shanghai government platform for companies' environmental information disclosures.
Mongolian President Says He Supports Russia-China Oil And Gas Piplines Through Mongolia
Dec 1, 2022 05:21 AM
Mongolian President Ukhnaagiin Khurelsukh said that he supports the construction of oil and gas pipelines from Russia to China via Mongolia.
Oil Prices Up After Basra Spill, But Log Weekly Decline
Dec 1, 2022 05:21 AM
Oil prices rose slightly as a spill at Iraq's Basra terminal appeared likely to constrain crude supply, but remained down on the week on fears that hefty interest rate increases will curb global economic growth and demand for fuel.
Lower Oil Prices Defy Robust Forecasts For Global Demand
Dec 1, 2022 05:21 AM
Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in global energy demand. But no major forecaster is actually predicting one.
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