Auto Industry News
Self-Driving Trucking Firm TuSimple Appoints CFO, Reconstitutes Audit Panel
The company reappointed former chief executive Cheng Lu as its top boss last month after it fired his predecessor Xiaodi Hou following a probe.
Tesla Plans To Announce Mexico EV Plant Soon - Report
Dec 31, 2022 04:19 PM
The plant will be located in Santa Catarina in Monterrey city, the capital of Nuevo Leon state in Mexico a report said.
LG Energy Solution To Invest $3.1 Billion In S.Korea Battery Facility
Dec 31, 2022 04:19 PM
The project in Ochang, South Korea, will include R&D and production facilities and related infrastructure
Russian Oil Sold To India Below Price Cap In Buyers' Market
Dec 31, 2022 04:19 PM
The European Union ban on imports of Russia's seaborne oil from Dec. 5 has driven Moscow to seek alternative markets, mainly in Asia, for about 1 million barrels per day.
India Cuts Windfall Tax On Crude, Aviation Fuel
Dec 31, 2022 04:19 PM
It cut the tax on locally produced crude oil steeply to 1,700 rupees ($20.52) per tonne from 4,900 rupees, effective Friday
Kremlin Says It Is Finalising Last Details Of Response To Oil Price Cap
Dec 31, 2022 04:19 PM
Moscow has repeatedly said it will not sell oil to countries that comply with the cap
Japan To Seek U.S. Flexibility On EV Purchase Incentives, Kyodo Reports
Dec 31, 2022 04:18 PM
Japan will ask the United States to be more flexible on EV purchase incentives for non-American carmakers.
Battery Maker Envision AESC Seeking Potential Investors To Fund Expansion
Dec 31, 2022 04:18 PM
Japan-based Envision Automotive Energy Supply Corporation (AESC) is also in talks with automakers in Japan, Europe, the United States and China for new supply deals, its chief executive Shoichi Matsumoto told Reuters.
U.S., EU Launch Formal Group To Discuss Conflict Over EV Subsidies
Dec 31, 2022 04:18 PM
The talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden's $430 billion "Inflation Reduction Act", enacted in August and aimed at rolling back climate change and making Washington a world leader in the EV market.
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