Auto Industry

Reuters

Jan 31, 2023, 5:14 PM

Shell Unit To Acquire EV Charging Firm Volta For About $169 million

Volta Inc said on Wednesday that a unit of Shell Plc would take over the electric vehicle (EV) charging network operator in an all-cash deal valued at about $169 million.

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  Reuters | Jan 31, 2023

  India's Fuel Demand Hits Nine-Month High In December

  Consumption of fuel, a proxy for oil demand, was about 4% higher than the previous month, and rose 3.1% year-on-year to 19.60 million tonnes in December

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  Reuters | Jan 31, 2023

  Northvolt Says 'Believes In Germany', Battery Plant Talks Ongoing

  Northvolt believes in Germany as an industrial location and continues discussions on building a battery plant there, it said on Wednesday amid speculation that the Swedish battery maker could divert its planned investment to the United States.

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  Reuters | Jan 31, 2023

  Suzuki Motor Turns To Toyota For Lessons On Small EVs

  Suzuki said it is learning EV and other technologies from Toyota with a goal to develop cars that are more in line with its own products.

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  Reuters | Jan 31, 2023

  Bolivia Taps Chinese Battery Giant CATL To Help Develop Lithium Riches

  Bolivia has chosen a consortium including Chinese battery giant CATL to help develop the South American country's huge, but largely untapped, reserves of lithium after a lengthy bidding process involving firms from the United States and Russia.

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  Reuters | Jan 31, 2023

  Romanian Prosecutors Take Away Luxury Cars Seized In Andrew Tate Case

  Several cars, including a Rolls-Royce, BMW and Mercedes-Benz, were taken from the Tate compound on the outskirts of the capital, Bucharest, to be transported to a storage location.

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  Reuters | Jan 31, 2023

  Foxconn To Use Nvidia Chips To Build Self-Driving Vehicle Platforms

  Chipmaker Nvidia Corp and electronics manufacturer Foxconn announced a partnership on Tuesday to develop autonomous vehicle platforms.

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  Reuters | Jan 31, 2023

  Maruti Suzuki Raises Prices By Average 1.1% Across Models

  In December, Maruti had said it would have to raise prices in January to pass on the impact from high inflation and cost pressures related to regulatory requirements.

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  Reuters | Jan 31, 2023

  Tesla Makes China Boss Highest-Profile Executive After Musk

  Tesla Inc's China chief Tom Zhu has been promoted to take direct oversight of the electric carmaker’s U.S. assembly plants as well as sales operations in North America and Europe. The move makes Zhu the highest-profile executive at Tesla after Chief Executive Elon Musk.

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