Auto Industry

Reuters

Dec 31, 2022, 4:19 PM

Self-Driving Trucking Firm TuSimple Appoints CFO, Reconstitutes Audit Panel

The company reappointed former chief executive Cheng Lu as its top boss last month after it fired his predecessor Xiaodi Hou following a probe.

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  Reuters | Dec 31, 2022

  Tesla Plans To Announce Mexico EV Plant Soon - Report

  The plant will be located in Santa Catarina in Monterrey city, the capital of Nuevo Leon state in Mexico a report said.

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  Reuters | Dec 31, 2022

  LG Energy Solution To Invest $3.1 Billion In S.Korea Battery Facility

  The project in Ochang, South Korea, will include R&D and production facilities and related infrastructure

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  Reuters | Dec 31, 2022

  Russian Oil Sold To India Below Price Cap In Buyers' Market

  The European Union ban on imports of Russia's seaborne oil from Dec. 5 has driven Moscow to seek alternative markets, mainly in Asia, for about 1 million barrels per day.

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  Reuters | Dec 31, 2022

  India Cuts Windfall Tax On Crude, Aviation Fuel

  It cut the tax on locally produced crude oil steeply to 1,700 rupees ($20.52) per tonne from 4,900 rupees, effective Friday

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  Reuters | Dec 31, 2022

  Kremlin Says It Is Finalising Last Details Of Response To Oil Price Cap

  Moscow has repeatedly said it will not sell oil to countries that comply with the cap

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  Reuters | Dec 31, 2022

  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.

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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