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India's Euler Motors Raises $60 Million In GIC Singapore-Led Funding Round
Euler Motors did not disclose the valuation at which it raised the money in the Series C round, although it said its other investors included Blume Ventures, Athera Venture Partners, QRG Holdings, ADB Ventures and Moglix.
Boosting EU Chip Supplies, Stmicroelectronics Plans New Plant In Italy
Oct 29, 2022 10:14 AM
As demand soars for chips used in everything from smartphones to cars, supply chain bottlenecks going on for almost two years have created havoc in several global industries, including automotive, healthcare and telecoms.
Buffet-Backed BYD Taps India As Latest Market Amid Global Push
Oct 29, 2022 10:14 AM
BYD launched the Atto 3 electric SUV, fitted with its renowned Blade battery technology, with a plan to corner 40% of the country's electric car market by 2030.
Toyota Launches Pilot Project For Flex Fuel Vehicle In India
Oct 29, 2022 10:14 AM
The sedan, imported from Toyota Brazil, is powered by flex fuel technology, which allows the engine to run on fuel blended with a higher percentage of ethanol, reducing the consumption of gasoline, along with a hybrid powertrain.
As EV Sales Grow, Battle Over U.S. Road Weight Limits Heats Up
Oct 29, 2022 10:13 AM
Even before a recent spike in EV sales, U.S. roads have been carrying heavier loads, as cars and trucks climbed from an average of 3,200 pounds (1,451 kilos) to 4,200 pounds over the last four decades, according to the Environmental Protection Agency.
Musk, Twitter Could Reach Deal To End Court Battle, Close Buyout Soon: Report
Oct 29, 2022 10:13 AM
Musk, who is also chief executive officer of electric car maker Tesla Inc, proposed to Twitter late on Monday he would change course and abide by his April agreement to buy the company for $54.20 per share, if Twitter dropped its litigation against him.
Two Oil Wells Operated By Nigeria's Eroton On Fire - Report
Oct 29, 2022 10:05 AM
Two oil wells operated by Nigerian firm Eroton Exploration and Production Limited caught fire on Monday and were still burning on Tuesday.
U.S. Asks Congo To Pull Some Oil Blocks From Auction To Protect Forests
Oct 29, 2022 10:01 AM
U.S. climate envoy John Kerry has asked Democratic Republic of Congo to withdraw some of the oil blocks it has put up for auction in order to protect forests.
Oil Jumps About $4 As OPEC+ Weighs Biggest Output Cut Since 2020
Oct 29, 2022 10:00 AM
Oil prices jumped nearly $4 a barrel as OPEC+ considered reducing output by more than 1 million barrels per day (bpd).
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