Auto Industry News
Faraday Future Slides On Signaling Need For Funds To Start Production
The company is one of the many EV startups struggling to launch its products as a bleak global growth outlook and a funding squeeze dented production schedules and compounded losses.
Self-Driving Trucking Firm TuSimple Appoints CFO, Reconstitutes Audit Panel
Dec 24, 2022 11:41 PM
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 24, 2022 11:41 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 24, 2022 11:41 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 24, 2022 11:40 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 May Split Planned Mega Refinery To Various Sites - Report
Dec 24, 2022 11:40 PM
Aramco and ADNOC joined a consortium of Indian state-run firms in 2018 to set up a 1.2 million barrels-per-day coastal refinery and petrochemical plant in western Maharashtra, seeking a reliable outlet for their oil.
Kremlin Says It Is Finalising Last Details Of Response To Oil Price Cap
Dec 24, 2022 11:40 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 24, 2022 11:40 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 24, 2022 09:31 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.
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