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India Preparing To Launch 20% Ethanol With Gasoline - Report
India currently mixes 10% ethanol with gasoline
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India To Remain Top Buyer Of Russia's Urals Crude In Dec - Report
In November India accounted for about 53% of the total tanker shipments of the grade - the highest level on the record.
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India Sees No Hit To Fuel Exports From EU Feb 5 Action On Russian Imports - Oil Secretary
Indian refiners have been gorging on Russian oil sold at a discount as some Western entities shun purchases from Moscow following its invasion of Ukraine in late February.
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Oil Slumps By Over $2/bbl, Dogged By Recession Fears
Oil prices briefly erased some losses after officials said the U.S. Energy Department will repurchase 3 million barrels of domestic crude oil for the Strategic Petroleum Reserve.
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U.S. Finalizes $2.5 Billion Loan To GM, LG Battery Joint Venture
The loan will help finance construction of new lithium-ion manufacturing facilities in Ohio, Tennessee and Michigan.
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China's BYD To Launch A Second New EV Brand In 2023 - Executive
The new brand will be an addition to Yangwang, a premium brand set for launch in the first quarter of 2023
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Electric Vehicles Confront The Leap To The Mass Market
The automobile industry is pouring more than $1 trillion into a revolutionary shift from combustion engines to electric vehicles guided by software.
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India's e-Bus Ambition Hits Financing Speed Bump
India wants to deploy 50,000 e-buses in tranches over the next four to five years at an estimated cost of one trillion rupees ($12 billion).
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India Tax Body Clarifies Sports Utility Vehicles Definition
To qualify as SUVs for the purpose of GST and cess cars must meet the criteria of having an engine capacity of over 1,500cc, be over 4000 mm and a ground clearance of 170 mm.
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Volkswagen To Refocus On Raising Productivity, Warns Of Challenging 2023 - Finance Chief
The carmaker is targeting margin parity between electric and combustion engine cars in next 2-3 years
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U.S. Opens Safety Probe Into Autonomous Driving System In GM's Cruise Vehicles
The National Highway Traffic Safety Administration (NHTSA) said it has received notices of incidents in which self-driving Cruise vehicles "may engage in inappropriately hard braking or become immobilized."
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Taiwan To Fine Foxconn For Unauthorised China Investment
Taiwan has turned a wary eye on China's ambition to boost its semiconductor industry and is tightening legislation to prevent what it says is China stealing its chip technology.
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Mahindra CEO Sees U.S. Entry For New Electric Vehicles At Least Five Years Away
Mahindra, as part of its long-range strategy, is considering whether to build vehicles in North America, to take advantage of incentives built into the U.S. Inflation Reduction Act.
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Panasonic Agrees To Supply EV Batteries To Lucid Group
Panasonic Holdings concluded an agreement to supply lithium-ion batteries to EV maker Lucid Group.
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Zelenskiy Says Level Of Price Cap On Russia Oil Isn't Serious
President Zelenskiy said The $60 price cap on seaborne Russian oil agreed by Group of Seven nations and Australia is not serious and will do little to deter Russia from waging war in Ukraine.
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STMicro, Soitec Deepen Cooperation Over Fast-Growing Semiconductor Material
Soitec and STMicroelectronics are deepening their cooperation over the manufacturing of a key and fast-growing material used in the electric car industry.
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U.S. Urges Caution On Low-Quoted Russian Oil Prices As EU Debates Price Cap
The Biden administration broke its silence on European Union deliberations over a $65-70 per barrel Russian oil price cap, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution.
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Tesla Launches EVs In Thailand Amid Competition From Cheaper Brands
Tesla launched two EVs in Thailand, marking its first foray into the regional autos hub that has long been dominated by Japanese manufacturers.
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Hyundai, SK To Build New Battery Plant In Georgia
Hyundai and SK will build a new battery manufacturing plant in the U.S. state of Georgia to supply the Korean automaker's U.S. assembly plants.
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South Korean Truckers' Strike Cost $1.2 Billion In Lost Shipments
A strike by South Korean truckers is estimated to have cost 1.6 trillion won ($1.23 billion) in lost shipments.
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