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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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Asian Prices Fall Amid Chinese LNG Cargo Sale Tenders
The average LNG price for March delivery into north-east Asia fell to around $23.00 per metric million British thermal units (mmBtu), down $9.60 or nearly 30% from the previous week, industry sources said.
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Oil Slides On Friday, But Climbs For 5th Week On Supply Concerns
Brent futures fell 49 cents, or 0.6%, to settle at $87.89 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 41 cents, or 0.5%, to settle at $85.14.
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Europe's EV Drive Comes With Environmental, Social Risks, Stellantis CEO Says
CEO Carlos Tavares has mapped out a 30 billion euro ($34 billion) electrification plan that helped Stellantis shares surge more than 60% in their first year.
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Mobileye, Zeekr Aim For Self-Driving Car In China In 2024
Mobileye plans to work with Geely Holding-backed Zeekr to launch in China what the companies claim will be the world's first mostly self-driving car in 2024.
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Chinese EV Startups Turn To Nvidia In The Race To Catch Tesla
Nvidia said auto suppliers and contract manufacturers Desay, Flex, Quanta, Valeo and ZF also will use its Drive platform as the foundation for automated driving systems in vehicles they engineer for EV brands.
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GM Aims To Launch Personal Self-Driving Car By Mid-Decade: CEO
General Motors Co aims to introduce a "personal autonomous vehicle" by mid-decade, said Chief Executive Mary Barra.
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Blink To Supply EV Chargers At GM Dealerships In North America
Blink said it would collaborate with facility solutions provider ABM Industries to supply its IQ 200 Level 2 chargers to dealerships across North America.
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Honda Signs Joint Development Pact With Boston-Based EV Battery R&D Firm SES
Honda Motor Co. had signed a joint development agreement for lithium-metal batteries with Boston-based EV battery company SES Holdings Pte Ltd.
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Foxconn Seals EV Partnership With Indonesia
Foxconn has expanded its activities in electric vehicles (EVs) in recent years, announcing deals with U.S. startup Fisker Inc and Thailand's energy group PTT PCL.
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Sony Seeks New Partners For Transformative EV Project: Report
Sony Group will likely add new technology partners to its electric vehicle (EV) project to help it forge a mobility business to transform cars from transportation machines to entertainment spaces.
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Volkswagen Group China's Component Factory In Tianjin Resumes Some Shifts
The component factory VW Automatic Transmission Tianjin had been closed since Monday last week, Volkswagen Group China said earlier.
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European New Car Sales Down 1.5% In 2021: Report
A global semiconductor shortage and other supply chain issues have dampened deliveries of cars globally, with many carmakers sitting on half-finished goods and unable to meet demand.
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China's CATL Launches Battery Swap Service For Electric Cars
CATL launched a battery swap service for electric vehicles (EV) called EVOGO, which it said would allow drivers to change car batteries in one minute.
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China Car Sector Falling Short Of 'Net Zero' Goals: Report
China needs to bring zero emissions vehicle sales to 63% by 2030 and 87% by 2035 if it is to meet its targets, the environmental group estimated.
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Nikola, Proterra Enter Into Battery Supply Deal For Semi-Trucks
Nikola's trucks fitted with Proterra's batteries are expected to be produced in the fourth quarter of 2022 with prototypes systems being delivered to the truck maker in the second quarter, the company said.
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Maharashtra State Bats For Tesla Over Import Tax On EVs
Maharashtra state on Wednesday urged the federal government to lower tax rates on imported cars in the budget on Feb. 1, following calls by electric carmakers like Tesla
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EU To Propose Microchips Law In Early February, EU Chief Says
The proposal, known as the European Chips Act, will aim to adapt state aid rules, improve tools to anticipate shortages and crisis and strengthen research capacity in the bloc.
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Vedanta To Create $10 Billion Fund To Bid For BPCL Stake, Other Assets
Vedanta plans to create a $10 billion fund to bid for assets including the Indian government's stake in Bharat Petroleum Corp Ltd (BPCL).
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Hyundai Motor Partners With Quantum Computer Firm IonQ For Battery Development
The partnership will create a battery chemistry model to simulate the structure and energy of lithium oxide, to help improve the performance, costs, and safety of lithium batteries, IonQ said.
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