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Reuters

Dec 1, 2022, 5:31 AM

EV Maker Lucid Files For New Offering To Raise $8 Billion In Stages

Lucid filed for a new offering of up to $8 billion as the luxury electric-vehicle maker looks to beef up working capital at a time when supply snarls have crimped its production.

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  Reuters | Dec 1, 2022

  China Says Automakers Must Have Licences For Mapping Data In Smart Cars

  China has said that automakers must apply for licences to collect geographic data using sensors on their intelligent vehicles.

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  Reuters | Dec 1, 2022

  Musk Sends Fresh Letter To Scrap Twitter Deal After Whistleblower Claims

  Musk has sent an additional letter of deal termination to Twitter Inc to include a recent whistleblower complaint.

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  Reuters | Dec 1, 2022

  Polestar Revenue Doubles As It Rides Electric Car Boom

  Polestar's revenue nearly doubled in the first half of 2022 on soaring demand and it may have to raise its prices further if material costs continue to rise.

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  Reuters | Dec 1, 2022

  Bosch To Invest $200 Million To Make Fuel Cell Stacks In South Carolina

  Bosch will invest more than $200 million to produce fuel cell stacks in its South Carolina facility, as the German auto supplier accelerates its transition to electrification.

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  Reuters | Dec 1, 2022

  Stocks Eye 3% Weekly Loss, Dollar Sky High Before U.S. Jobs Data

  World stocks were heading for a 3% loss on the week while the dollar hit 24-year highs against the yen for a second day ahead of key U.S. jobs data, as investors brace for aggressive rate hikes from the Federal Reserve.

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  Reuters | Dec 1, 2022

  Oil Gains Ahead Of OPEC+ Meeting; Russian Oil Price Cap Looms

  Oil prices climbed on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, though fears of China's COVID-19 curbs and weak global growth continued to limit gains and a potential cap on the price of Russian exports loomed.

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  Reuters | Dec 1, 2022

  Taiwan President Says She Looks Forward To Producing 'Democracy Chips' With U.S

  Taiwan looks forward to producing "democracy chips" with the United States, President Tsai Ing-wen told the visiting governor of the U.S. state of Arizona, Doug Ducey, the latest in a string of senior officials from the county to visit.

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  Reuters | Dec 1, 2022

  GM, LG Energy Joint Venture Ohio Battery Plant Begins Production

  A General Motors and LG Energy Solution $2.3 billion joint venture battery production plant in Ohio has begun production.

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