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Nissan, Renault Plan India Reboot With $600 Million Investment In New Models
The investment, planned over a period of three to five years, will fund the development of two electric models and four sport-utility vehicles (SUVs) for sale in India and abroad, Nissan's chief operating officer Ashwani Gupta told reporters in New Delhi.
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New Biden EV Charger Rules Stress Made In America, Force Tesla Changes
The White House seeks to give consumers unfettered access to a growing coast-to-coast network of EV charging stations, including Tesla Inc's SuperChargers.
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Truckers And Subsidies Rev Up Interest In Fuel Cell Vehicles
While most of the world's combustion engine cars and short-distance vans and lorries should be replaced by battery electric vehicles (BEVs) over the next two decades, fuel-cell proponents and some long-haul fleet operators say batteries are too heavy, take too long to charge and could overload power grids.
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In EU Car Data Tussle, Insurers And Others Brace For Delays, Disappointment
Companies in Europe and beyond are vying for control of the crown jewels of the connected car era, namely car manufacturers' data covering everything from driving habits, to fuel consumption and tyre wear which can be used to target cash-generating services.
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Battery Maker Northvolt In Talks To Hire IPO Banks -Sources
The company, which last raised funding from investors at a valuation of $12 billion in 2021, is expected to tap Goldman Sachs Group and Morgan Stanley to lead a stock market launch, the sources said.
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Albemarle Expects 40% Chinese EV Market Growth To Drive Lithium Demand
China's government has been phasing out subsidies for EVs, but Albemarle said so far those steps have had only a "limited impact" on EV demand. Executives attributed weak Chinese auto sales data in January to the Lunar New Year holiday.
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Potential Winners And Losers From The New U.S. EV Charging Standards
President Joe Biden previously committed to building a U.S. network of 500,000 EV chargers by 2030, and has now set the standards to disburse $7.5 billion in federal funds to support that effort.
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Uber To Introduce EVs In India In Push To Clean Cars
Uber's fleet partners will buy the EVs from Tata Motors, India's biggest electric carmaker.
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EV Maker Nio To Build 1,000 Battery-Swap Stations In China In 2023
Nio will build 400 battery-swapping stations along highways and 600 in urban areas with a focus on the country's third- and fourth-tier cities and counties
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GM Goes Slow On EVs As Rivals Fight A Price War
M is launching four new EVs this year - one pickup and three SUVs - and four more in 2024, but most will be built in relatively low volumes through 2025
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EV Battery Maker ONE Raises $300 Million, Now Valued At $1.2 Billion
The latest round, led by investors Franklin Templeton and Fifth Wall, makes Our Next Energy one of the most valuable privately held battery companies in the United States.
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Investors Go Back To Basics With Simpler Self-Driving Vehicles
British AV software company Oxbotica, Sweden's Einride, America's Outrider and British supplier Aurrigo International Plc are among a number of companies drawing investor interest with more focused approaches, aimed at smaller, simpler customer segments - from mining vehicles to tractors or forklifts.
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EV Maker Nio Plans New 40 GWh Battery Plant In China - Report
The Chinese company is also planning a factory in the neighbouring city of Chuzhou to make budget EVs to sell to Europe.
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Indian Refiners' Oil Processing In December Rises 4% Y/Y
"Discounted crude oil from Russia will help refiners boost runs," said Ehsan Ul Haq, an analyst from Refinitiv.
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Indian Refiner MRPL Swings To Q3 Loss Due To Windfall Tax
The crude oil refiner reported a net loss of 1.88 billion rupees ($23.1 million) for the quarter ended Dec. 31
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India's Bharat Petroleum Posts Lower Q3 Profit On Stagnant Retail Prices
The company's standalone net profit dropped to 19.60 billion rupees ($240.6 million) in the third quarter ended Dec. 31, from 28.28 billion rupees a year earlier.
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India Earmarks $3.7 Billion For State Oil Companies' Energy Transition
"This Budget builds on our focus on green growth," finance minister Nirmala Sitharaman said in her budget speech.
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Exclusive-Indian Refiners Pay Traders In Dirhams For Russian Oil
India's top bank, the State Bank of India (SBI), is now clearing these dirham payments
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India Says Its Proposed Biofuels Alliance Draws Interest Of Russia, Brazil Among Others
The focus on biofuels is also aimed at helping India's transition to alternative fuels and cutting its import bill
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Russia's Sechin Says Europe No Longer Sets Urals Price
Asia has emerged as the largest buyer of Russian oil since the West placed it under sanctions.
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