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Reuters

Nov 30, 2022, 10:24 PM

Faraday Future Appoints Xuefeng Chen As Global CEO

Chen, who was most recently the CEO of the company's China division and has spent nearly two decades in the automotive industry, succeeds Carsten Breitfeld, who was removed from the role by the board, the company added in a filing.

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  Reuters | Nov 30, 2022

  Mazda unveils $11 Billion EV Spending Plan, Considers Investing In Battery Production

  The company also raised its sales target for electric vehicles (EVs) to up to 40% of its total global sales by 2030

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  Reuters | Nov 30, 2022

  Oil Falls On China COVID Curbs And Weak Factory Data

  Oil prices fell on Monday after weaker than expected factory activity data out of China and on concerns that the country's widening COVID-19 curbs will curtail demand.

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  Reuters | Nov 30, 2022

  EV Battery Production Faces Supply Chain, Geopolitical Headwinds: Report

  Original equipment manufacturers' battery-electric and hybrid vehicle sales aspirations will face strong headwinds as they scramble for raw materials, with annual market demand for lithium-ion batteries pegged at about 3.4 Terawatt hours (TWh) by 2030.

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  Reuters | Nov 30, 2022

  Indonesia Hikes Fuel Prices To Rein In Ballooning Subsidies

  Indonesia raised subsidised fuel prices by about 30%, as the government moves to rein in ballooning subsidies despite a risk of mass protests.

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  Reuters | Nov 30, 2022

  Shenzhen Shuts Most Public Transport As China Battles Multiple Outbreaks

  The main districts of Chinese tech hub Shenzhen shut down public transport and extended curbs on public activities as cities across China battled COVID-19 outbreaks that have dampened the outlook for economic recovery.

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  Reuters | Nov 30, 2022

  India's BPCL Plans To load Sokol Cargo In Sept - Sources

  Indian state-refiner Bharat Petroleum Corp is re-attempting to charter a ship to load 700,000 barrels of Russia's Sokol crude oil this month, sources familiar with the deal said.

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  Reuters | Nov 30, 2022

  U.S. Commerce Aims To Seek Chips Funding Proposals By February

  The U.S. Commerce Department said it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S. production.

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  Reuters | Nov 30, 2022

  India Says Importing Russian Oil Part Of Inflation Management

  India's finance minister said that importing Russian oil was part of the country's inflation-management strategy and that other countries were doing something similar.

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