Auto Industry News

Redwood said it will build a $3.5 billion battery materials campus in Ridgefield, about 30 miles (48.28 km) northwest of Charleston, that will recycle, refine and remanufacture cathode and anode materials

Oil futures slipped 1.5% in choppy trading ahead of a meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+).

Oil prices rose about a dollar per barrel after top crude importer China eased COVID curbs in two major cities.

India's Nayara Energy has issued a tender to sell high-speed diesel or gasoil for first time since September.

Oil prices settled up by over $2 per barrel on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.

The Indian government will stop its electric vehicle subsidy scheme for companies against which complaints have been received.

India is investigating the possible misappropriation of incentives given to EV makers under a Rs. 10,000 crore programme to promote their faster adoption.

EU leaders agreed on Thursday to a ninth package of sanctions but talks were acrimonious, with Poland and the Baltic states that neighbour Russia campaigning for tougher measures, while states further west, such as Germany, were more hesitant.