Latest News

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.

Oil Climbs Ahead Of OPEC+ Meeting Next Week
Dec 31, 2022 03:47 PM
Oil prices rose on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China's COVID-19 curbs and weakness in the global economy loomed over the market.

SoftBank Plans $35 Million Bet On India's GoMechanic - Report
Dec 31, 2022 03:46 PM
Vision Fund's early-stage talks with GoMechanic are being held around a valuation of $600-700 million, with Malaysian sovereign fund Khazanah and existing investor Tiger Global also planning to invest in the $100 million funding round.

Isuzu Motors India Introduces Winter Camp For Customers 
Dec 31, 2022 03:46 PM
The winter camp was organised across all Isuzu authorised dealer service outlets between December 16 and 31, 2022.

GM Startup Cruise Recalls And Revises Self-Driving Software After Crash
Dec 31, 2022 03:45 PM
General Motors startup Cruise LLC said it had recalled and updated software in 80 self-driving vehicles after a June crash in San Francisco that left two people injured.

Resigned Riders Of Gasoline-Fueled Motorbikes Pay For Parking In Paris
Dec 31, 2022 03:44 PM
Paris's town hall decision to make gasoline-fueled motorcycles pay for parking kicked in this Thursday, triggering reactions from riders ranging from resignation to dissatisfaction.

Piedmont To Build Lithium Plant In Tennessee For EV Market
Dec 31, 2022 03:36 PM
Piedmont Lithium will build a lithium processing plant in Tennessee to supply the rapidly-growing electric vehicle (EV) industry.

EV Maker Lucid Files For New Offering To Raise $8 Billion In Stages
Dec 31, 2022 03:36 PM
Lucid filed for a new offering of up to $8 billion as the luxury electric-vehicle maker looks to beef up working capital at a time when supply snarls have crimped its production.

China Says Automakers Must Have Licences For Mapping Data In Smart Cars
Dec 31, 2022 03:36 PM
China has said that automakers must apply for licences to collect geographic data using sensors on their intelligent vehicles.
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