Auto Industry
Reuters
Dec 26, 2021, 4:00 PM
On Wednesday, Musk sold another 934,091 shares, bringing the total he has offloaded to 14.77 million - nearly 90% of the 17 million or so shares he had been expected to sell.
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Reuters | Dec 26, 2021India's Crude Imports Hit 10-Month Peak As Refiners Bank On Strong DemandCrude oil imports last month rose 7.5% versus October and were also 0.5% higher than a year ago at 18.37 million tonnes, data on the website of the Petroleum Planning and Analysis Cell (PPAC) showed on Thursday.1 min read
Charanpreet Singh | Dec 25, 2021Battrixx To Raise Up To Rs. 301 Crore To Fund Production, New TechnologiesThe company aims to enhance its annual production capacity in phases from the existing 1 lakh battery packs to 7 lakh by end of FY24 to meet the growing demand in the EV industry and other energy storage applications.1 min read
Reuters | Dec 25, 2021Chinese Autonomous Driving Startup Raises $157 Million From Hillhouse, MeituanHaomo will use the funds raised from investors to build its talent pool and enhance its R&D capability, the company said in a statement on Wednesday.1 min read
Reuters | Dec 25, 2021Micron Results Beat Forecasts, Sees Chip Shortages Easing In 2022Micron said data center revenue grew 70% and that automotive revenue grew 25%, with the automotive growth coming from the increasing amount of memory required in cars with advanced driver safety systems.1 min read
Reuters | Dec 25, 2021Musk Says Tesla's Cybertruck Will Have Four-Motor VariantCalling the electric pick-up truck "insane technology bandwagon," Musk said the Cybertruck would have both front and rear-wheel steer that would "not just (turn) like a tank - it can drive diagonally like a crab."1 min read
Reuters | Dec 25, 2021BP Buys EV Charging Provider AMPLY In Green Energy PushBP aims to double earnings from its global convenience and mobility businesses by 2030 and grow its global network of EV charging points by over six-fold to 70,000 during the same period.1 min read
Reuters | Dec 25, 2021Intel CEO Aims To Build Chip Plants With Money Raised From Mobileye IPOChief Executive Pat Gelsinger said the IPO will allow Mobileye to grow more easily as global carmakers spend billions of dollars to accelerate their transition to electric and self-driving vehicles.1 min read
Reuters | Dec 25, 2021Ford Caps F-150 Lightning Orders At 200,000: CEO FarleyFarley said F-150 Lightning orders were capped at 200,000: "We had to stop taking reservations because we had so many."1 min read
