Auto Industry
Reuters
Jul 4, 2021, 7:03 PM
Shell has notified Exxon of its plans to exit the venture, the people said, speaking on the condition of anonymity as the talks are private. A Shell spokesperson declined to comment, citing company policy.
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Charanpreet Singh | Jul 4, 2021Fuel Prices Hiked Again; Diesel Breaches Rs. 100/Litre Mark In Madhya Pradesh's RewaWith the latest hike, diesel has breached Rs. 100-mark in Madhya Pradesh's Rewa district, currently standing at Rs. 100.18 a litre while petrol has touched Rs. 110.01 per litre.1 min read
Reuters | Jul 4, 2021U.S. Quarterly Auto Sales Jump On Strong SUV Demand, Shift To EVsHigher vehicle prices have boosted profitability for automakers, who have also increased investments in EV production.1 min read
Ameya Naik | Jul 4, 2021The Volvo Concept Recharge Showcases Design For Next-Gen EVsThis concept car also introduces a new Volvo design language. Continuing the theme of 'less but better', all unnecessary elements have been removed and what remains is treated with a high-precision, flush execution.1 min read
Reuters | Jul 4, 2021SK Innovation May List Battery Business, Echoing Rival LG ChemThe move, announced by SK Innovation CEO Kim Jun on Thursday, comes as demand for electric vehicles (EVs) surges and carmakers partner with battery makers to ensure uninterrupted supplies.1 min read
Charanpreet Singh | Jul 4, 2021Hero MotoCorp Takes Over Maintenance Of Aravali Biodiversity Park For 10 YearsAs a part of the agreement, Hero MotoCorp will take up conservation and restoration work at the park for the next 10 years. It will spend Rs. 1.25 crore annually on maintenance under its Corporate Social Responsibility (CSR) initiative.1 min read
Reuters | Jul 3, 2021BMW Boosts Corporate Venture Investment Pool To $900 MillionBMW i Ventures, based in Mountain View, California, will manage the fund, as well as continuing to disburse money from its initial 500-million-euro fund. The two funds bring BMW's total venture investment pool to nearly $900 million, one of the largest in the global auto industry.1 min read
Charanpreet Singh | Jul 3, 2021EVTRIC Motors EV Brand Announced; To Launch India-Made Electric Scooters, Bikes SoonEVTRIC Motors will focus on introducing an array of EV offerings such as electric scooters, electric bikes, bicycles, and electric 3-wheelers.1 min read
Reuters | Jul 3, 2021Daimler Truck Expects Gradual Ramp-Up Of Electric Trucks Due To CostParity in total cost of ownership of Daimler's electric trucks to its conventional ones will be reached by 2025, depending on energy prices and subsidies, Wallfeld said.1 min read
