Latest News

GM, LG Energy Joint Venture Ohio Battery Plant Begins Production
A General Motors and LG Energy Solution $2.3 billion joint venture battery production plant in Ohio has begun production.

Toyota Triples Planned Investment To $3.8 Billion In U.S. Battery Plant
Dec 1, 2022 05:29 AM
Toyota Motor Corp will boost its planned investment in a new U.S. battery plant from $1.29 billion to $3.8 billion, partly in response to rising consumer demand for electric vehicles, the company said.

Analysis-Musk's Bold Goal Of Selling 20 Million EVs Could Cost Tesla Billions
Dec 1, 2022 05:29 AM
Musk has set his young company on an aggressive expansion path like no other auto executive has dreamed.

Oil Prices Slide 1% After U.S. Fed Raises Interest Rates
Dec 1, 2022 05:29 AM
Oil prices fell about 1% to a near two-week low in volatile trade after the U.S. Federal Reserve delivered another hefty rate hike to quell inflation that could reduce economic activity and demand for oil.

Russian Mobilization Hikes Urgency Of Oil Price Cap - Ukrainian Presidential Advisor
Dec 1, 2022 05:29 AM
Oleg Ustenko criticized updated European Union guidance on sanctions on Russian coal shipments that he said could enable companies to transport Russian coal to third countries, which was not in the original spirit of the deal.

India Expects At Least $25 Billion Investment Under Semiconductor Incentive Scheme
Dec 1, 2022 05:29 AM
India is expecting to court a total investment of at least $25 billion as a result of its incentive scheme meant to boost local manufacturing of chip and display panels.

U.S. Senators Want Secondary Sanctions On Russian Oil
Dec 1, 2022 05:29 AM
Democratic and Republican senators proposed that U.S. President Joe Biden's administration use secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Russian oil over Moscow's invasion of Ukraine.

Norway's Vianode Invests $194 Million In Battery Materials Plant
Dec 1, 2022 05:28 AM
Vianode will invest 2 billion Norwegian crowns in building a large-scale plant for sustainable battery materials in Norway.

India Set To Skip Buying Russia's ESPO Crude In Sept As Freight Costs Jump
Dec 1, 2022 05:28 AM
Indian refiners are set to skip purchases of Russia ESPO crude oil this month due to higher freight rates.
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