About Reuters
Articles of Reuters
GM Doubles Miles Open To Its Super Cruise Technology
GM said owners of certain vehicles equipped with its Super Cruise assisted driving system will now be able to use it on 400,000 miles (643,740 km) of North American roads.
Read More →
BorgWarner To Buy Rhombus In Latest EV Charging Deal
BorgWarner said it would buy electric-vehicle charging provider Rhombus Energy Solutions, the latest deal in the sector as sales of eco-friendly vehicles boom.
Read More →
India Cuts Fuel Export Taxes, Hikes Tax On Local Crude
India has cut fuel export taxes for the second time in less than two weeks and increased a windfall tax on locally produced crude oil
Read More →
Toyota-Panasonic Battery JV To Buy Lithium From ioneer's Nevada Mine
A joint battery venture of Toyota Motor Corp and Panasonic Corp will buy lithium from ioneer Ltd's Rhyolite Ridge mining project and use the metal to build electric vehicle batteries in the United States.
Read More →
Uber Turns Cash Flow Positive For The First Time, Shares Surge
Uber Technologies Inc reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its ride-hailing and food-delivery services.
Read More →
China's CATL Reshuffles Management As Billionaire Executive Exits
China's CATL said its vice chairman and deputy general manager Huang Shilin had resigned and would leave the battery maker to explore business opportunities elsewhere.
Read More →
Shenzhen Accelerates China's Driverless Car Dreams By David Kirton
On a busy downtown street three delivery bikes suddenly dart over the pedestrian crossing ahead of the car. On the car's dashboard they look like small 3D blue blocks from a 1990s video game.
Read More →
Nikola To Buy Battery Supplier Romeo Power For $144 Million
Nikola Corp has agreed to buy battery supplier Romeo Power Inc for about $144 million in stock, the electric truck maker said on Monday, in a move that will help jumpstart its efforts to make battery packs.
Read More →
India Shares End At Three-Month High Riding On Auto Rally
Indian shares kicked off August on a positive note, with benchmark indexes hitting a three-month high led by a rally in automobile stocks on the back of robust monthly sales data.
Read More →
Factbox-Automakers Accelerate Drive To Secure Battery Raw Materials
Rising demand for EV around the world is encouraging automakers such as Tesla, Volkswagen and Stellantis NV to step up efforts to secure raw materials needed for making batteries.
Read More →China's CATL To Develop New Battery Materials To Improve Energy Density - Report
CATL is working on new battery materials that can improve energy density by 10% to 20% compared to iron phosphate batteries.
Read More →
Tata Motors Falls As Core Earnings Fail To Impress
Tata Motors posted a narrowed net loss for the July-September quarter and said its earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 53% year-over-year.
Read More →
Mercedes F1 Team Evaluating FTX Sponsorship, Branding Stays For Now
FTX, one of the world's largest crypto exchanges, has been buffeted by a rush of customer withdrawals and is scrambling to raise about $9.4 billion from investors
Read More →
Cummins, Tata Motors Team Up For Hydrogen-Powered Engines
Several automakers, including Tata Motors, are aggressively shifting towards greener forms of energy for their vehicles
Read More →
Paris Considers Electric Scooter Ban Over Safety Concerns
The Paris town council is considering not renewing the licences of the three operators - Lime, Dott and Tier - which expire in February 2023.
Read More →
Taiwan President Decries 'Rumours' About The Island's Chip Investment Risk
Taiwan, home to the world's largest contract chipmaker TSMC as well as several other chip manufacturers, plays an outsized role in providing chips used in everything from cars and smartphones to fighter jets.
Read More →
Musk Says He Made Some Tesla Decisions Without Board Nod, Defends $56 Billion Pay
Tesla shareholder Richard Tornetta sued Musk and the board in 2018 and hopes to prove that Musk used his dominance over Tesla's board to obtain an outsized compensation package that did not require him to work at the electric car maker full-time.
Read More →
Eight SpaceX Employees Say They Were Fired For Speaking Up Against Elon Musk
The employees said they were fired for being part of a group that had drafted and circulated a letter to SpaceX executives in June criticizing Musk
Read More →
Vingroup, Gotion Start Building $275 Million Battery Plant In Vietnam
The factory in the central province of Ha Tinh will annually produce 30 million lithium iron phosphate (LFP) battery cells, the company said in a statement.
Read More →
Rupee Flat As Dollar Demand Offsets Boost From Oil Plunge
The Indian rupee was little changed as the benefit from a plunge in oil prices was countered by continued corporate demand for the dollar.
Read More →
