Latest News
U.S. Commerce Aims To Seek Chips Funding Proposals By February
The U.S. Commerce Department said it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S. production.
India Says Importing Russian Oil Part Of Inflation Management
Nov 1, 2022 01:33 AM
India's finance minister said that importing Russian oil was part of the country's inflation-management strategy and that other countries were doing something similar.
Stellantis, GME Resources Seal Nickel And Cobalt Deal For Battery Production
Nov 1, 2022 01:32 AM
The deal marks a further move by the world's fourth largest carmaker to lock down supplies of metals needed for batteries that power EV cars, ahead of an expected surge in global demand as a transition towards cleaner mobility gains traction.
Many U.S. Drivers Treat Partially Automated Cars As Self-Driving- Study
Nov 1, 2022 01:30 AM
The IIHS study of 600 active users found 53% of Super Cruise, 42% of Autopilot and 12% of ProPILOT Assist owners "said that they were comfortable treating their vehicles as fully self-driving."
EV Maker Lucid Files For New Offering To Raise $8 Billion In Stages
Nov 1, 2022 01:30 AM
Lucid filed for a new offering of up to $8 billion as the luxury electric-vehicle maker looks to beef up working capital at a time when supply snarls have crimped its production.
India's Zoomcar Seeks U.S. Listing Through $456 Million SPAC Deal
Nov 1, 2022 01:28 AM
The Bengaluru-based startup expects to list on the Nasdaq as Zoomcar Holdings Inc after being acquired by Innovative International Acquisition Corp in the first half of 2023.
Piedmont To Build Lithium Plant In Tennessee For EV Market
Nov 1, 2022 01:26 AM
Piedmont Lithium will build a lithium processing plant in Tennessee to supply the rapidly-growing electric vehicle (EV) industry.
EU, U.S. Eye Level Playing Field For EU Electric Cars In U.S. Market
Nov 1, 2022 01:26 AM
The EU says that while it allows government tax breaks or subsidies for purchases of U.S. electric cars such as those made by Tesla, the United States makes such support conditional on the car, or parts of it, being made in the United States.
Stocks Eye 3% Weekly Loss, Dollar Sky High Before U.S. Jobs Data
Nov 1, 2022 01:21 AM
World stocks were heading for a 3% loss on the week while the dollar hit 24-year highs against the yen for a second day ahead of key U.S. jobs data, as investors brace for aggressive rate hikes from the Federal Reserve.
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Electric Mobility
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