Auto Industry

Reuters

Dec 31, 2022, 4:18 PM

Japan To Seek U.S. Flexibility On EV Purchase Incentives, Kyodo Reports

Japan will ask the United States to be more flexible on EV purchase incentives for non-American carmakers.

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  Reuters | Dec 31, 2022

  Battery Maker Envision AESC Seeking Potential Investors To Fund Expansion

  Japan-based Envision Automotive Energy Supply Corporation (AESC) is also in talks with automakers in Japan, Europe, the United States and China for new supply deals, its chief executive Shoichi Matsumoto told Reuters.

  2 mins read
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  Reuters | Dec 31, 2022

  U.S., EU Launch Formal Group To Discuss Conflict Over EV Subsidies

  The talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden's $430 billion "Inflation Reduction Act", enacted in August and aimed at rolling back climate change and making Washington a world leader in the EV market.

  1 min read
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  Reuters | Dec 31, 2022

  India Preparing To Launch 20% Ethanol With Gasoline - Report

  India currently mixes 10% ethanol with gasoline

  1 min read
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  Reuters | Dec 31, 2022

  India To Remain Top Buyer Of Russia's Urals Crude In Dec - Report

  In November India accounted for about 53% of the total tanker shipments of the grade - the highest level on the record.

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  Reuters | Dec 31, 2022

  India Sees No Hit To Fuel Exports From EU Feb 5 Action On Russian Imports - Oil Secretary

  Indian refiners have been gorging on Russian oil sold at a discount as some Western entities shun purchases from Moscow following its invasion of Ukraine in late February.

  1 min read
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  Reuters | Dec 31, 2022

  Oil Slumps By Over $2/bbl, Dogged By Recession Fears

  Oil prices briefly erased some losses after officials said the U.S. Energy Department will repurchase 3 million barrels of domestic crude oil for the Strategic Petroleum Reserve.

  2 mins read
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  Reuters | Dec 31, 2022

  U.S. Finalizes $2.5 Billion Loan To GM, LG Battery Joint Venture

  The loan will help finance construction of new lithium-ion manufacturing facilities in Ohio, Tennessee and Michigan.

  2 mins read
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  Reuters | Dec 31, 2022

  China's BYD To Launch A Second New EV Brand In 2023 - Executive

  The new brand will be an addition to Yangwang, a premium brand set for launch in the first quarter of 2023

  1 min read