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Reuters

Dec 31, 2022, 5:24 PM

Tesla To Start Mass Production Of The Cybertruck At The End Of 2023

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.

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  Reuters | Dec 31, 2022

  Japan To Seek U.S. Flexibility On EV Purchase Incentives, Kyodo Reports

  Japan will ask the United States to be more flexible on EV purchase incentives for non-American carmakers.

  2 mins read
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  Reuters | Dec 31, 2022

  Battery Maker Envision AESC Seeking Potential Investors To Fund Expansion

  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.

  2 mins read
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  Reuters | Dec 31, 2022

  U.S., EU Launch Formal Group To Discuss Conflict Over EV Subsidies

  The talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden's $430 billion "Inflation Reduction Act", enacted in August and aimed at rolling back climate change and making Washington a world leader in the EV market.

  1 min read
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  Reuters | Dec 31, 2022

  Oil Slumps By Over $2/bbl, Dogged By Recession Fears

  Oil prices briefly erased some losses after officials said the U.S. Energy Department will repurchase 3 million barrels of domestic crude oil for the Strategic Petroleum Reserve.

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  Reuters | Dec 31, 2022

  Electric Vehicles Confront The Leap To The Mass Market

  The automobile industry is pouring more than $1 trillion into a revolutionary shift from combustion engines to electric vehicles guided by software.

  3 mins read
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  Reuters | Dec 31, 2022

  Taiwan To Fine Foxconn For Unauthorised China Investment

  Taiwan has turned a wary eye on China's ambition to boost its semiconductor industry and is tightening legislation to prevent what it says is China stealing its chip technology.

  2 mins read
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  Reuters | Dec 31, 2022

  STMicro, Soitec Deepen Cooperation Over Fast-Growing Semiconductor Material

  Soitec and STMicroelectronics are deepening their cooperation over the manufacturing of a key and fast-growing material used in the electric car industry.

  1 min read
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  Reuters | Dec 31, 2022

  U.S. Urges Caution On Low-Quoted Russian Oil Prices As EU Debates Price Cap

  The Biden administration broke its silence on European Union deliberations over a $65-70 per barrel Russian oil price cap, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution.

  2 mins read