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Reuters

Dec 31, 2022, 5:25 PM

Nikola To Sell Up To 75 Hydrogen-Powered Trucks To Plug Power

Electric vehicle (EV) makers are looking to capitalize on tax incentives provided by the U.S. Inflation Reduction Act (IRA) to lower costs of adopting EVs for commercial purposes.

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  Reuters | Dec 31, 2022

  Indian Luxury Car Dealer Landmark IPO Oversubscribed By Threefold Shares On Offer

  Investors bid for 24.6 million shares by the final day of bidding, 3.1 times the 8 million shares on offer, exchange data showed.

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  Reuters | Dec 31, 2022

  Nikola Founder Seeks New Trial, Says Juror Concealed Bias Against Wealthy

  Milton told U.S. District Judge Edgardo Ramos in court papers that the juror's Twitter and Facebook pages were "riddled with attacks on wealthy executives"

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  Reuters | Dec 31, 2022

  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.

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  Reuters | Dec 31, 2022

  Self-Driving Trucking Firm TuSimple Appoints CFO, Reconstitutes Audit Panel

  The company reappointed former chief executive Cheng Lu as its top boss last month after it fired his predecessor Xiaodi Hou following a probe.

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  Reuters | Dec 31, 2022

  Tesla Plans To Announce Mexico EV Plant Soon - Report

  The plant will be located in Santa Catarina in Monterrey city, the capital of Nuevo Leon state in Mexico a report said.

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  Reuters | Dec 31, 2022

  LG Energy Solution To Invest $3.1 Billion In S.Korea Battery Facility

  The project in Ochang, South Korea, will include R&D and production facilities and related infrastructure

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  Reuters | Dec 31, 2022

  Russian Oil Sold To India Below Price Cap In Buyers' Market

  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.

  3 mins read
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  Reuters | Dec 31, 2022

  India May Split Planned Mega Refinery To Various Sites - Report

  Aramco and ADNOC joined a consortium of Indian state-run firms in 2018 to set up a 1.2 million barrels-per-day coastal refinery and petrochemical plant in western Maharashtra, seeking a reliable outlet for their oil.

  2 mins read