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PepsiCo said in a statement that the trucks would be used at its Frito-Lay plant in Modesto, California, and its PepsiCo beverages factory in Sacramento. PepsiCo has been aiming to reduce fuel costs and emissions, and reserved 100 of the trucks in 2017.

This is the first deployment of lithium titanium oxide (LTO) cells into commercial delivery vans and will help EVage vehicles with battery safety and performance, the companies said.

The 27-country EU is plotting its next move to tame soaring energy prices and shield consumers from surging bills, as Europe heads into a winter of scarce Russian gas, a cost of living crisis and the looming threat of recession.

The high oil prices have a direct impact on inflation in India, one of the largest importers of the commodity.

Oil prices fell amid comments from U.S. Federal Reserve officials about rising interest rates and their effect on the economy.

Protests have swept Iran since Mahsa Amini, a 22-year-old from Iran's Kurdish region, died on Sept. 16 while being held for "inappropriate attire", marking one of the boldest challenges to the Islamic Republic since the 1979 revolution.

World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday of a growing risk of global recession and said inflation remained a continuing problem.

Japan-based Envision Automotive Energy Supply Corporation (AESC) is also in talks with automakers in Japan, Europe, the United States and China for new supply deals, its chief executive Shoichi Matsumoto told Reuters.