Auto Industry

Reuters

Feb 25, 2023, 12:43 PM

Battery Maker Northvolt In Talks To Hire IPO Banks -Sources

The company, which last raised funding from investors at a valuation of $12 billion in 2021, is expected to tap Goldman Sachs Group and Morgan Stanley to lead a stock market launch, the sources said.

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  Reuters | Feb 25, 2023

  Albemarle Expects 40% Chinese EV Market Growth To Drive Lithium Demand

  China's government has been phasing out subsidies for EVs, but Albemarle said so far those steps have had only a "limited impact" on EV demand. Executives attributed weak Chinese auto sales data in January to the Lunar New Year holiday.

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  Reuters | Feb 25, 2023

  Potential Winners And Losers From The New U.S. EV Charging Standards

  President Joe Biden previously committed to building a U.S. network of 500,000 EV chargers by 2030, and has now set the standards to disburse $7.5 billion in federal funds to support that effort.

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  Jaiveer Mehra | Feb 24, 2023

  Citroen CEO Vincent Kobee To Step Down; Thierry Koskas To Take Over Role

  Koskas is presently the Chief Sales and Marketing Officer of Citroen’s parent firm Stellantis.

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  Reuters | Feb 23, 2023

  India's Ashok Leyland Beats Quarterly Profit Estimates On Easing Costs, Truck Demand

  The Indian trucking sector is making a comeback after two years on the back of increased mining activities, e-commerce growth and an uptick in infrastructure projects

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  Reuters | Feb 23, 2023

  Tesla Raises Prices Of Some Model Y Versions In China

  The starting prices of the two versions of Model Y in China increased by 2,000 yuan each to 311,900 yuan ($45,473) and 361,900 yuan, respectively, information on the website showed.

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  Reuters | Feb 23, 2023

  Russians Switch To Used Cars As Sanctions Pummel Auto Sector

  While analysts continue to debate the overall effectiveness of economic curbs on Russia, there can be no doubt they have hit hard in its car industry, which was heavily reliant on foreign manufacturers and imported parts.

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  Reuters | Feb 23, 2023

  Analysis-Tesla's Search For Mexico Location Shows Bumps On Nearshoring Road

  Nuevo Leon - which recent reports suggest is now the most likely destination - boasts quick access to the United States, a skilled workforce and comfortable living for executives.

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  Reuters | Feb 23, 2023

  VW, Mercedes-Benz Urge Berlin To Accelerate EV Charging Network Expansion: Report

  VW Chief Executive Oliver Blume agreed more speed was needed and that the construction of charging stations was "a common task of the economy, federal government and communes".

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