Auto Industry

Reuters

Jan 23, 2022, 11:19 PM

Crude Prices Edge Lower, Though Supply Concerns Still Dominant

The global benchmark rose to $89.17 on Wednesday, its highest level since October 2014; the benchmark is up 13% on the year so far.

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  Reuters | Jan 23, 2022

  Qualcomm Inks Car Chip Deals With Volvo, Honda And Renault

  Qualcomm Corp announced deals to supply chips to automakers Volvo Group, Honda Motor Co Ltd and Renault SA, accelerating its push to partner with legacy automotive firms digitizing their product lines.

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  Reuters | Jan 23, 2022

  India's HPCL To Raise Iraqi Oil Imports By 45% In 2022: Report

  The refiner will buy 3.2 million tonnes or about 64,000 barrels per day (bpd) from Iraq this year, up from 44,000 bpd in 2021.

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  Reuters | Jan 23, 2022

  Self-Driving Sensor Maker Luminar Shares Rally On Mercedes-Benz Tie-Up

  Luxury carmaker Mercedes-Benz will partner with self-driving sensor maker Luminar Technologies Inc to enable fully automated driving on highways for its next-generation vehicles.

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  Reuters | Jan 23, 2022

  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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