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Sports Car Maker Lotus's Tech Arm Valued At $4.5 Billion In Fundraising

Dec 1, 2022, 5:26 AM

Sports Car Maker Lotus's Tech Arm Valued At $4.5 Billion In Fundraising

Lotus Technology had completed a fundraising that valued the business at nearly $4.5 billion.

1 Min

Reuters | Dec 1, 2022
Elon Musk Faces Skeptics As Tesla Gets Ready To Unveil 'Optimus' Robot
Musk blamed overreliance on factory robots for sending the electric carmaker to "production hell" four years ago.
4 mins read
Reuters | Dec 1, 2022
Automakers Tackle Patent Hurdle In Quest For In-Car Tech
Over a dozen automakers have signed up with a platform for patent licences from 51 tech companies, aiming to simplify access to wireless technology and avoid costly legal battles.
2 mins read
Reuters | Dec 1, 2022
India Road Ministry Issues Draft Rules For Mandatory Rear Seat Belt Alarms
India's road transport ministry has issued draft rules to make it mandatory for car makers to install alarm system for rear seat belts.
1 min read
Reuters | Dec 1, 2022
Chipmaker Nvidia Launches New System For Autonomous Driving
Nvidia unveiled its new computing platform called DRIVE Thor that would centralize autonomous and assisted driving as well as other digital functions including in-car entertainment.
1 min read
Reuters | Dec 1, 2022
Factbox - The Challenges Automakers, And Now Tesla, Face With Humanoid Robots
Tesla's CEO Elon Musk is set to unveil its prototype humanoid robots at an event on Sept. 30, hoping to expand beyond self-driving cars that have not yet become reality despite his repeated promises.
2 mins read
Reuters | Dec 1, 2022
Fisker To Sell Electric SUV In India With View To Local Production
Fisker will begin selling its Ocean electric SUV in India next July.
2 mins read
Reuters | Dec 1, 2022
Oil Plunges To Eight-Month Low On Strong Dollar, Recession Fears
Oil prices plunged about 5% to an eight-month low as the U.S. dollar hit its strongest level in more than two decades.
2 mins read
Reuters | Dec 1, 2022
Indian Oil Plans Panipat Refinery Maintenance, To Revamp Naphtha Cracker - Report
Indian Oil Corp plans a shutdown of a naphtha hydrocracker for about 80 days and half of its crude processing for about a month.
1 min read

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Reuters | Sep 5, 2021
Didi Denies Reports That Beijing City Is Coordinating Companies To Invest In It
Beijing-based Didi faces a cybersecurity investigation by Chinese authorities after its New York initial public offering in June.
1 min read
Reuters | Sep 5, 2021
China Set To Sell 1.7 million NEVs Between Jan-Aug, Nearly Tripling On-Year
NEV makers such as Nio Inc, BYD and Tesla Inc are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.
1 min read
Charanpreet Singh | Sep 5, 2021
Fuel Prices Reduced By Up To 15 Paise; Petrol Retails At Rs. 98.96/Litre In Chennai
Domestic fuel rates have been cut by up to 15 paise across the country. In Delhi, petrol and diesel prices stand at Rs. 101.19 per litre and Rs. 88.62 per litre, respectively
1 min read
Charanpreet Singh | Sep 4, 2021
Hyundai's Global Sales Down By 7.6 Per Cent In August 2021
Hyundai says the sales were mainly affected due to the COVID-19 resurgence and the disruption of the semiconductor supply chain.
1 min read
Ameya Naik | Sep 4, 2021
Volvo's Global Sales Down By 10% In August
In the first eight months of the year, the company sold 483,426 cars globally, up 26.1 per cent compared with the same period last year.
1 min read
Charanpreet Singh | Sep 4, 2021
Valvoline Cummins Launches New Upskilling Initiatives For Two-Wheeler And Truck Mechanics
Under these initiatives, Valvoline plans to add more than 3000 two-wheeler and heavy-duty truck workshops across India in the next 3-5 years.
1 min read
Charanpreet Singh | Sep 4, 2021
CV Sales August 2021: Ashok Leyland Registers 48 Per Cent Y-o-Y Growth
Ashok Leyland, which sold a total of 9,360 units in August 2021, has registered a growth of 48 per cent last month, compared to the 6,325 vehicles sold in August 2020.
1 min read
Charanpreet Singh | Sep 4, 2021
NASA Begins Testing Electric Air Taxi
It is the first time that NASA has carried out a test on an eVTOL aircraft as part of its Advanced Air Mobility (AAM) National Campaign. The test will continue till Friday, September 10, at Joby's Electric Flight Base located near Big Sur, California.
1 min read
Seshan Vijayraghvan | Sep 4, 2021
Daimler India Commercial Vehicles Appoints Manish Thakore As Its New Chief Financial Officer
Daimler Indian Commercial Vehicles (DICV) has announced appointing Manish Thakore as the company's new Chief Financial Officer (CFO). Thakore has replaced Leonardo Piccinini as the CFO of DICV, and he is now also a part of the company's Executive Board.
1 min read