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Hyundai To Launch $5.5 Billion U.S. EV Plant, As New Law Dims Sales Outlook
Hyundai will break ground on a $5.54 billion electric vehicle and battery plant in the United States, as South Korea's biggest automaker grapples with an uncertain outlook for its EV sales in its top market.
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Oil Prices Ease On Chinese Demand Data, Stronger Dollar
Oil settled lower in choppy trade as data showing demand from China remained lackluster in September and a strong U.S. dollar weighed.
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Mobileye IPO Not Capital Raise, But Market Entry -Intel CEO
Intel's CEO Pat Gelsinger said the initial public offering of its self-driving tech company Mobileye was not a capital raise, but more of an entry into the market.
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Oil Gains As U.S. Dollar Eases Though Demand Fears Linger
Oil prices rose as the U.S. dollar eased against major peers.
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Delhi Residents Defy Diwali Firecracker Ban, Pollution Spikes
Many residents of New Delhi defied a firecracker ban as political parties traded blame on who was responsible for the Indian capital's foul air.
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Tata Steel Signs MOU To Supply Ford With Green Steel
Tata Steel's Dutch arm plans to supply Ford plants in Europe with "green" steel after 2030.
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Toyota To Produce Electric Car Powered By BYD Batteries In China
Toyota announced the launch of a small electric sedan, which will be powered by BYD batteries.
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Archer Aviation Plans To Build 250 Air Taxis In 2025
Archer Aviation aims to make about 250 battery-electric air taxis in 2025 and scale up production in the following years.
Read More →Oil Prices Drop As China Demand Data Disappoints
Oil prices slid 2% after Chinese data showed that demand from the world's largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel export curbs depressed consumption.
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French Government: On Right Track Over Further Easing Petrol Supply Problems
The French government said France was on the right track over further easing the problem of petrol service stations not having enough petrol due to strikes at oil refineries, which had hit motorists around the country.
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Toyota Scrambles For EV Reboot With Eye On Tesla
Toyota is considering a reboot of its electric-car strategy to better compete in a booming market it has been slow to enter, and has halted some work on existing EV projects.
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Oil Prices Settle Up; China Demand Hopes Outweigh Recession Worry
Oil prices settled up as hopes of stronger Chinese demand and a weakening U.S. dollar outweighed concern about a global economic downturn and the impact of interest rate rises on fuel use.
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Flying Car By California Startup Alef Attracts Early Tesla Investor
Inventors have been trying to add wings to wheeled motor vehicles for decades, with only limited success.
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Terawatt Plans Electric Truck Charging Stations From LA To El Paso
Terawatt will develop a U.S. network of charging stations for medium and heavy trucks
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Chinese Battery Giant CATL Profit Jumps As It Ramps Up Output
CATL's third-quarter profit nearly tripled year-on-year, buoyed by rapid expansion in production to power the growth of EVs worldwide.
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India's ONGC Eyes Stake In Russian Entity Managing Sakhalin 1 - Report
Oil and Natural Gas Corp (ONGC) plans to take a stake in the new Russian entity that will manage the Sakhalin 1 project in the far east.
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French Refinery Strike Further Hits Petrol Supplies, Says PM
Petrol supplies at French service stations fell further over the weekend due to a weeks-long strike at oil major TotalEnergies.
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India Raises Windfall Tax On Crude Oil Output
India has raised a windfall tax on domestically produced crude oil to 11,000 Indian rupees per tonne from 8,000 rupees per tonne.
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EV Battery Makers Gotion, ONE Plan New Michigan Plants
Gotion High Tech and Our Next Energy (ONE) will open separate, new electric-vehicle battery plants worth a combined $4 billion in Michigan.
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Stellantis CEO Warns Inflation Fight Risks Slowing Economy
Stellantis warned that rising interest rates aimed at fighting soaring inflation risked slowing economic growth.
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