Auto Industry News

BYD's partner in Nepal, Cimex Inc., has signed an agreement with Self Drive Nepal, for 50 units of all-electric MPV, the BYD e6. The vehicles will be used by Self Drive for emission-free rental fleet operation in Nepal.

The White House held a classified briefing with some U.S. lawmakers on the dire risks to the American economy from semiconductor supply chain issues as it pushes Congress for $52 billion in funding to subsidize production

OPEC cut its forecast for growth in world oil demand in 2022 citing the impact of Russia's invasion of Ukraine, rising inflation as crude prices soar and the resurgence of the Omicron coronavirus variant in China.

Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in another blow to Moscow's exports

Ford Motor Co said it has signed a preliminary deal to buy lithium from a Lake Resources NL facility in Argentina, marking the first time the automaker has publicly announced where it will procure the electric vehicle battery metal.

Brookfield Business Partners is buying CDK Global Inc for $6.41 billion in cash, taking private the last major publicly traded provider of software to auto dealers and manufacturers.

Japan is aiming for a 20% share of the global rechargeable battery market in 2030 by boosting global output capacity at Japanese companies nearly 10-fold to 600 gigawatt hours (GWh)

Luxury carmaker Mercedes-Benz is working to increase its energy independence this decade with investments in solar energy and wind farms