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Reuters

Dec 31, 2022, 5:41 PM

Investor In Musk's Twitter Buyout Expects To Make Up To Five Times Its Money

One of the biggest investors in Musk's acquisition of Twitter, Aliya Capital Partners LLC, said it expects to make up to five times its money despite the social media company's problems.

2 Min

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  Reuters | Dec 31, 2022

  TuSimple Plans To Layoff Half Its Workforce Next Week - Report

  Self driving trucking company TuSimple Holdings Inc plans to potentially cut half of its workforce next week.

  1 min read
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  Reuters | Dec 31, 2022

  Mahindra To Invest $1.2 Billion (Rs. 10,000 Crore) In New EV Plant

  Mahindra Ltd said it would invest 100 billion rupees ($1.21 billion) to set up an electric vehicle (EV) manufacturing plant near the western city of Pune.

  1 min read
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  Reuters | Dec 31, 2022

  China's Li Auto Sees Higher Deliveries In Q4; Third-Quarter Loss Widens

  Li Auto Inc forecast higher delivery of vehicles and a rise in revenue in the fourth quarter, banking on a production ramp-up and better cost management.

  1 min read
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  Reuters | Dec 31, 2022

  China's CATL To Provide EV Batteries For Honda Starting In 2024

  CATL would supply batteries for seven years for Honda's electric vehicles in China.

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  Reuters | Dec 31, 2022

  Swedish Self-Driving Truck Start-Up Einride Raises More Cash

  Einride had agreed to raise capital of $500 million from debt, equity and the conversion of earlier loans, speeding up the company's ability to pursue new markets and customers.

  1 min read
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  Reuters | Dec 31, 2022

  Toyota Launches Second Hybrid Vehicle In India Amid Green Car Push

  Toyota launched its second hybrid car in India, a seven-seat people-carrier, as part of a broader strategy to double-down on the sale of electrified vehicles in emerging markets.

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  Reuters | Dec 31, 2022

  Japan Lawmaker Says TSMC Is Considering Second Plant In Japan

  A senior Japanese lawmaker said that Taiwan Semiconductor Manufacturing Co is considering building a second plant in Japan.

  2 mins read
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  Reuters | Dec 31, 2022

  Tesla To Run Reduced Output In Shanghai In January, Plan Shows

  Tesla will run production for 17 days in January between Jan. 3 to Jan. 19 and will stop electric vehicle output from Jan. 20 to Jan. 31 for an extended break for Chinese New Year

  2 mins read