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Vietnam EV-Maker Vinfast Delays First U.S. Car Deliveries To Late Feb
The Vietnamese company, a unit of conglomerate Vingroup JSC, started to ship its first batch of 999 electric vehicles in November last year but has not delivered them to customers yet
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ABB Won't Rush Float Of $2.9 Billion Electric Vehicle Charging Business - CEO
"At the moment we don't feel pushed to do an IPO very quickly," Rosengren told reporters
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Oil Falls More Than 1% As Growth Fears Offset China Demand Hopes
Global benchmark Brent crude settled $1.02, or 1.2%, lower at $83.05 a barrel.
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Oil Rises 1% On China Demand Hopes And Supply Concerns
Analysts expect China's oil imports to hit a record high in 2023 to meet increased demand for transportation fuel and as new refineries come on stream.
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India's Russian Oil Imports Surge To A Record In January - Trade
Last month Russian oil accounted for about 27% of the 5 million bpd of crude imported by India,
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BYD To Build $1.2 Billion EV Battery Plant In Central China - Report
FinDreams Technology, the Chinese company's battery unit, is aiming to build a facility with the capacity to produce 40 gigawatt hours per year of its Blade Battery in the city of Zhengzhou in Henan province
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Tesla To Open U.S. Charging Network To Rivals In $7.5 Billion Federal Program
The move could help turn Tesla into the universal "filling station" of the EV era - and risk eroding a competitive edge for vehicles made by the company, which has exclusive access to the biggest network of high-speed Superchargers in the United States.
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China To Scrutinize Ford's EV Battery Deal With CATL - Report
Beijing is reportedly concerned the Detroit carmaker could gain access to the competitive aspects of CATL's technology, but the scrutiny is unlikely to result in the agreement being blocked
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China's CATL Offers EV Battery Discounts In China - Report
Battery costs are the most expensive component in electric vehicles (EV) and a move toward lower prices by CATL, which had 37% of the global market last year, would ease a major cost pressure on automakers.
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Lithium Miner Sigma Jumps On Report Tesla Considering Buyout
Sigma is finishing construction of a hard rock lithium mine in Brazil that will produce spodumene concentrate, which can be used to make lithium hydroxide, a type of metal preferred by some automakers including Tesla and BMW.
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India's Hero MotoCorp Beats Q3 Profit Estimates On Price Hikes
The company said its profit came in at 7.11 billion rupees ($85.96 million) for the three months ended Dec. 31, a year-on-year increase of 3.6%.
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Mobility Study Cites Roadblocks For U.S. Electric Vehicles, Sustainable Aviation
Among those roadblocks, a looming shortage of battery raw materials could put government mandates "in conflict with manufacturing reality" - one of the macro trends charted in the 2023 Moving World Report, published by investment firm UP.Partners.
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Uber To Steal A March On Lyft In Resurgent Rideshare Market
Ridesharing companies are starting to recover from pandemic lows as offices reopen and following a resurgence in travel on the back of reopening of closed borders and a strong U.S. dollar.
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Like Musk, Nickel-Rich Indonesia Has High Electric Vehicle Ambitions
In just three years, Indonesia has signed more than a dozen deals worth more than $15 billion for battery and electric vehicle production in the country with manufacturers including Hyundai Motor, LG Group and Foxconn.
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Ford's Pain Underscores Uneven Impact Of Two-Year Auto Chip Shortage
Ford said on Thursday it left billions of dollars on the table that were within its control and blamed a 100,000 vehicle shortfall in its fourth-quarter volume mostly on the inability to obtain enough chips.
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Tesla Sales Of China-Made Electric Vehicles Up 18% In January
Tesla's Shanghai plant in December cut output by about a third from November, and extended a Lunar New Year holiday period for workers in January, to cope with rising inventory.
Read More →Ford Posts Lower Profit, Issues Downbeat Outlook; Shares Drop
Ford blamed chip shortages and other supply chain issues and production "instabilities" that raised costs, along with lower-than-expected volumes. Ford shares dropped more than 6% in after-market trading.
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Xiaomi Demands Payout From Supplier After Car Designs Leaked
Xiaomi CEO Lei Jun also circulated the note on his personal Weibo page.
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Berkshire Hathaway Sells $44.9 Million Of Shares In China's BYD
The sale lowered Berkshire's holdings in BYD's issued H-shares to 12.9% on Jan. 27, down from 13.04%, the filing to the Hong Kong Stock Exchange showed on Thursday.
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Honda To Start Producing New Hydrogen Fuel Cell System Co-Developed With GM
Honda will target annual sales of around 2,000 units of the new system in the middle of this decade, the company said on Thursday, aiming to boost that to 60,000 units per year in 2030.
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