Latest News

Faraday Future Slides On Signaling Need For Funds To Start Production
The company is one of the many EV startups struggling to launch its products as a bleak global growth outlook and a funding squeeze dented production schedules and compounded losses.

Self-Driving Trucking Firm TuSimple Appoints CFO, Reconstitutes Audit Panel
Dec 31, 2022 04:19 PM
The company reappointed former chief executive Cheng Lu as its top boss last month after it fired his predecessor Xiaodi Hou following a probe.

Tesla Plans To Announce Mexico EV Plant Soon - Report
Dec 31, 2022 04:19 PM
The plant will be located in Santa Catarina in Monterrey city, the capital of Nuevo Leon state in Mexico a report said.

LG Energy Solution To Invest $3.1 Billion In S.Korea Battery Facility
Dec 31, 2022 04:19 PM
The project in Ochang, South Korea, will include R&D and production facilities and related infrastructure

Russian Oil Sold To India Below Price Cap In Buyers' Market
Dec 31, 2022 04:19 PM
The European Union ban on imports of Russia's seaborne oil from Dec. 5 has driven Moscow to seek alternative markets, mainly in Asia, for about 1 million barrels per day.

India Cuts Windfall Tax On Crude, Aviation Fuel
Dec 31, 2022 04:19 PM
It cut the tax on locally produced crude oil steeply to 1,700 rupees ($20.52) per tonne from 4,900 rupees, effective Friday

Kremlin Says It Is Finalising Last Details Of Response To Oil Price Cap
Dec 31, 2022 04:19 PM
Moscow has repeatedly said it will not sell oil to countries that comply with the cap

Tesla To Start Mass Production Of The Cybertruck At The End Of 2023
Dec 31, 2022 04:18 PM
Tesla aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck.

Japan To Seek U.S. Flexibility On EV Purchase Incentives, Kyodo Reports
Dec 31, 2022 04:18 PM
Japan will ask the United States to be more flexible on EV purchase incentives for non-American carmakers.
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