Auto Industry
Reuters
Dec 1, 2022, 1:39 AM
Uber Technologies Inc reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its ride-hailing and food-delivery services.
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Reuters | Dec 1, 2022China's CATL Reshuffles Management As Billionaire Executive ExitsChina's CATL said its vice chairman and deputy general manager Huang Shilin had resigned and would leave the battery maker to explore business opportunities elsewhere.1 min read
Reuters | Dec 1, 2022Shenzhen Accelerates China's Driverless Car Dreams By David KirtonOn a busy downtown street three delivery bikes suddenly dart over the pedestrian crossing ahead of the car. On the car's dashboard they look like small 3D blue blocks from a 1990s video game.4 mins read
Reuters | Dec 1, 2022Nikola To Buy Battery Supplier Romeo Power For $144 MillionNikola Corp has agreed to buy battery supplier Romeo Power Inc for about $144 million in stock, the electric truck maker said on Monday, in a move that will help jumpstart its efforts to make battery packs.1 min read
Reuters | Dec 1, 2022India Shares End At Three-Month High Riding On Auto RallyIndian shares kicked off August on a positive note, with benchmark indexes hitting a three-month high led by a rally in automobile stocks on the back of robust monthly sales data.2 mins read
Reuters | Dec 1, 2022Factbox-Automakers Accelerate Drive To Secure Battery Raw MaterialsRising demand for EV around the world is encouraging automakers such as Tesla, Volkswagen and Stellantis NV to step up efforts to secure raw materials needed for making batteries.4 mins read- Reuters | Dec 1, 2022China's CATL To Develop New Battery Materials To Improve Energy Density - ReportCATL is working on new battery materials that can improve energy density by 10% to 20% compared to iron phosphate batteries.1 min read
Reuters | Dec 1, 2022Tata Motors Falls As Core Earnings Fail To ImpressTata Motors posted a narrowed net loss for the July-September quarter and said its earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 53% year-over-year.1 min read
Reuters | Dec 1, 2022Mercedes F1 Team Evaluating FTX Sponsorship, Branding Stays For NowFTX, one of the world's largest crypto exchanges, has been buffeted by a rush of customer withdrawals and is scrambling to raise about $9.4 billion from investors1 min read
