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Reuters

Dec 31, 2022, 4:10 PM

Mahindra CEO Sees U.S. Entry For New Electric Vehicles At Least Five Years Away

Mahindra, as part of its long-range strategy, is considering whether to build vehicles in North America, to take advantage of incentives built into the U.S. Inflation Reduction Act.

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  Reuters | Dec 31, 2022

  Panasonic Agrees To Supply EV Batteries To Lucid Group

  Panasonic Holdings concluded an agreement to supply lithium-ion batteries to EV maker Lucid Group.

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  Reuters | Dec 31, 2022

  Zelenskiy Says Level Of Price Cap On Russia Oil Isn't Serious

  President Zelenskiy said The $60 price cap on seaborne Russian oil agreed by Group of Seven nations and Australia is not serious and will do little to deter Russia from waging war in Ukraine.

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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.

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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.

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  Reuters | Dec 31, 2022

  Tesla Launches EVs In Thailand Amid Competition From Cheaper Brands

  Tesla launched two EVs in Thailand, marking its first foray into the regional autos hub that has long been dominated by Japanese manufacturers.

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  Reuters | Dec 31, 2022

  Hyundai, SK To Build New Battery Plant In Georgia

  Hyundai and SK will build a new battery manufacturing plant in the U.S. state of Georgia to supply the Korean automaker's U.S. assembly plants.

  2 mins read
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  Reuters | Dec 31, 2022

  South Korean Truckers' Strike Cost $1.2 Billion In Lost Shipments

  A strike by South Korean truckers is estimated to have cost 1.6 trillion won ($1.23 billion) in lost shipments.

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  Reuters | Dec 31, 2022

  Oil Settles Up $2 On Tighter Supply; OPEC+ Talks Limit Gains

  Oil prices settled up by over $2 per barrel on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.

  2 mins read