Around $369 billion of federal funds will flow into climate change and energy security, boosting domestic capacity to produce wind turbines, solar panels and electric vehicles.
Oil prices gained about 3% as positive U.S. economic data and robust U.S. fuel consumption offset concerns that slowing economic growth in other countries could undercut demand.
Semiconductor stocks fell globally as an expected visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan fueled a fresh escalation in tensions between Washington and Beijing.
India opened its first factory to produce ethanol from rice straw or stubble on Wednesday as part of measures to reduce its reliance on oil imports and meet its net zero carbon goal.
Mirova, a fund manager associated to French bank Natixis, poured 100 million euros into Zunder in exchange for a 25% stake, White Summit's managing partner Pablo Pallas told Reuters on Tuesday.
Musk, the chief executive of Tesla, was answering a question during a call after the electric vehicle maker's quarterly report. The world's richest person is pursuing the Twitter purchase after earlier trying to back out of the $44 billion deal.
Tesla's production forecast, if achieved, would put the EV maker on track to meet Elon Musk's goal for production in the coming quarter and put the automaker close to the scale of German luxury automaker BMW by end 2023.
Euler Motors did not disclose the valuation at which it raised the money in the Series C round, although it said its other investors included Blume Ventures, Athera Venture Partners, QRG Holdings, ADB Ventures and Moglix.
As demand soars for chips used in everything from smartphones to cars, supply chain bottlenecks going on for almost two years have created havoc in several global industries, including automotive, healthcare and telecoms.
Canoo has unveiled a $33,000 electric van which is a follow-up to its passenger vehicle which was unveiled last year. Now the start-up even says that it is working on an electric pickup truck following the likes of Rivian, Tesla, and Ford.
MG Motor India has revealed industry-first personal AI assistant and first-in-segment Autonomous Level 2 technology for its upcoming Astor compact SUV. It will bring an AI-enabled era to cars in India, and the company will extend the technology to its future models.
Electric car and van startups racing to become the next Tesla Inc all want to avoid Elon Musk's journey through "manufacturing hell." But electric vehicle firms such as UK van company Arrival SA and Fisker Inc are taking very different roads to overcome the challenges of profitable mass production that almost broke Tesla.
Sales of diesel and petrol by Indian state-run retailers fell in the first fortnight of August from a month earlier as monsoon rains curtailed demand for auto fuels, preliminary sales data showed.
Renault India has rolled out a bunch of special discounts and benefits across its model line-up, in August 2021. This month, the French carmaker is offering benefits up to Rs. 90,000, in addition to loyalty bonuses and corporate discounts on cars.
Chinese battery giant CATL said it was planning a private share placement to raise up to 58.2 billion yuan ($8.98 billion) to fund six projects aimed at boosting its production capacity of lithium-ion batteries.
Nissan India offers maximum discounts of up to Rs. 90,000 on purchase of the Kicks compact SUV. These benefits are applicable on bookings and retail up till August 31, 2021, or till stock lasts.
