Auto Industry

Reuters

Jan 23, 2022, 10:23 PM

Indian Oil To Invest $944 Million On Gas Sales Network In Nine New Areas

IOC said it has obtained nine licences to sell gas to households, automobiles and small industries, representing about a third of the demand potential in 61 geographical areas in various states that were recently auctioned by the Petroleum and Natural Gas Board.

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  Reuters | Jan 23, 2022

  Indian Refiners' Throughput Recovery Loses Steam In December

  Indian refiners operated at an average rate of 101.2% in December, below November's 104.6%, but up from 99.1% in the same month last year, data showed.

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  Reuters | Jan 23, 2022

  OPEC's Share Of Indian Oil Imports Falls To Lowest In At Least 15 Years

  India's crude imports rebounded 3.9% to 4.2 million barrels per day (bpd) in 2021, the data showed, but remained below pre-pandemic levels in 2019.

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  Reuters | Jan 23, 2022

  Vietnam Car Maker VinFast To Build U.S. Battery Factory As It Goes All-Electric

  VinFast is betting big on the U.S. market, where it hopes its electric SUVs and a battery leasing model will be enough to tempt consumers away from the likes of Tesla and General Motors.

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  Reuters | Jan 23, 2022

  Brazil's WEG and Neoenergia Announce Partnership In Charging Stations For Electric Vehicles

  The company will provide equipment produced nationally with a power of 7.4 kilowatts, ideal for homes or residential buildings, and 22 kilowatts, which is more suitable for companies.

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  Reuters | Jan 23, 2022

  UK Self-Driving Startup Wayve Raises $200 Million To Scale Up Technology

  The Series B funding round brings the startup's total fundraising to $258 million and includes new investments from venture capital firms D1 Capital Partners, Moore Strategic Ventures and Linse Capital, plus fresh capital from investors including Microsoft.

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  Reuters | Jan 23, 2022

  Chip Supplier ASML Forecasts Strong 2022 Despite Fire Hit

  ASML Chief Executive Peter Wennink said "the expected impact of the fire in part of a building at our Berlin site is included" in the 2022 growth forecast.

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  Reuters | Jan 23, 2022

  Nonprofit Groups To Rate U.S. Vehicle Driver Monitoring Systems

  The announcements come amid scrutiny of Tesla's driver assistance system Autopilot, which handles some driving tasks and allows drivers to keep their hands off the wheel at times.

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  Reuters | Jan 23, 2022

  Oil Up, Settles Near 7-Year Highs After Iraq-Turkey Pipeline Outage

  Brent crude futures settled up 93 cents, or 1.1%, at $88.44 a barrel. The global benchmark earlier touched $89.13, its highest level since Oct. 13, 2014.

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