Latest News

Reuters

Dec 1, 2022, 1:40 AM

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.

1 Min

• 
  Reuters | Dec 1, 2022

  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

  1 min read
• 
  Reuters | Dec 1, 2022

  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.

  2 mins read
• 
  Reuters | Dec 1, 2022

  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.

  1 min read
• 
  Reuters | Dec 1, 2022

  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.

  1 min read
• 
  Reuters | Dec 1, 2022

  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.

  4 mins read
• 
  Reuters | Dec 1, 2022

  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.

  1 min read
• 
  Reuters | Dec 1, 2022

  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.

  2 mins read
• 
  Reuters | Dec 1, 2022

  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.

  4 mins read