Auto Industry News
Oil Prices Settle Up; China Demand Hopes Outweigh Recession Worry
Oil prices settled up as hopes of stronger Chinese demand and a weakening U.S. dollar outweighed concern about a global economic downturn and the impact of interest rate rises on fuel use.
Terawatt Plans Electric Truck Charging Stations From LA To El Paso
Oct 23, 2022 09:51 PM
Terawatt will develop a U.S. network of charging stations for medium and heavy trucks
Chinese Battery Giant CATL Profit Jumps As It Ramps Up Output
Oct 23, 2022 12:16 AM
CATL's third-quarter profit nearly tripled year-on-year, buoyed by rapid expansion in production to power the growth of EVs worldwide.
India's ONGC Eyes Stake In Russian Entity Managing Sakhalin 1 - Report
Oct 23, 2022 12:13 AM
Oil and Natural Gas Corp (ONGC) plans to take a stake in the new Russian entity that will manage the Sakhalin 1 project in the far east.
French Refinery Strike Further Hits Petrol Supplies, Says PM
Oct 23, 2022 12:09 AM
Petrol supplies at French service stations fell further over the weekend due to a weeks-long strike at oil major TotalEnergies.
India Raises Windfall Tax On Crude Oil Output
Oct 23, 2022 12:06 AM
India has raised a windfall tax on domestically produced crude oil to 11,000 Indian rupees per tonne from 8,000 rupees per tonne.
EV Battery Makers Gotion, ONE Plan New Michigan Plants
Oct 23, 2022 12:04 AM
Gotion High Tech and Our Next Energy (ONE) will open separate, new electric-vehicle battery plants worth a combined $4 billion in Michigan.
Ola Electric Set To Export The Ola S1 Range To Europe & Latin America By Early 2023
Oct 22, 2022 10:19 PM
Ola Electric will also start selling models in Nepal by the end of 2022.
Stellantis CEO Warns Inflation Fight Risks Slowing Economy
Oct 22, 2022 04:31 PM
Stellantis warned that rising interest rates aimed at fighting soaring inflation risked slowing economic growth.
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