Auto Industry

Reuters

Dec 24, 2022, 11:41 PM

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

1 Min

• 
  Reuters | Dec 24, 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.

  3 mins read
• 
  Reuters | Dec 24, 2022

  India May Split Planned Mega Refinery To Various Sites - Report

  Aramco and ADNOC joined a consortium of Indian state-run firms in 2018 to set up a 1.2 million barrels-per-day coastal refinery and petrochemical plant in western Maharashtra, seeking a reliable outlet for their oil.

  2 mins read
• 
  Reuters | Dec 24, 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

  0 mins read
• 
  Reuters | Dec 24, 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.

  2 mins read
• 
  Reuters | Dec 24, 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
• 
  Reuters | Dec 24, 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
• 
  Reuters | Dec 24, 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
• 
  Reuters | Dec 24, 2022

  Electric Vehicles Confront The Leap To The Mass Market

  The automobile industry is pouring more than $1 trillion into a revolutionary shift from combustion engines to electric vehicles guided by software.

  3 mins read