Auto Industry

Reuters

Oct 29, 2022, 10:15 AM

Amazon.com To Invest Over 1 Billion Euros In European Electric Van, Truck Fleet

The company did not say what percentage of its European last-mile delivery fleet is electric today, but said those 3,000 zero-emission vans delivered over 100 million packages in 2021.

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  Reuters | Oct 29, 2022

  Chinese EV Battery Maker CATL Expects Q3 Profit To Nearly Triple

  The company is the world's biggest battery maker and accounts for more than a third of global EV battery sales.

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  Reuters | Oct 29, 2022

  Musk Says Excited By Twitter Deal Despite Overpaying

  Musk, the chief executive of Tesla, was answering a question during a call after the electric vehicle maker's quarterly report. The world's richest person is pursuing the Twitter purchase after earlier trying to back out of the $44 billion deal.

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  Reuters | Oct 29, 2022

  ABB Reports Record Margin In Q3 As Demand Stays Strong

  The maker of industrial drives and electric ship motors said on Thursday its core operating profit margin increased by 1.5 percentage points to 16.6%, the highest since the Swiss company was founded in 1988.

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  Reuters | Oct 29, 2022

  Mercedes Says Comprehensive Trade Deal With EU Could Make India An Export Hub

  In June, the EU and India relaunched talks for a free trade agreement with the aim of completing them by the end of 2023. Talks began in 2007, but were frozen in 2013 due to lack of progress on issues including EU demands for greater access to Indian markets for its cars.

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  Reuters | Oct 29, 2022

  Musk's Advice To Younger Self: 'Stop And Smell The Roses'

  At the company's 'AI Day' event Elon Musk was asked what would he tell his younger self.

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  Reuters | Oct 29, 2022

  India's Euler Motors Raises $60 Million In GIC Singapore-Led Funding Round

  Euler Motors did not disclose the valuation at which it raised the money in the Series C round, although it said its other investors included Blume Ventures, Athera Venture Partners, QRG Holdings, ADB Ventures and Moglix.

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  Reuters | Oct 29, 2022

  Boosting EU Chip Supplies, STMicroelectronics Plans New Plant In Italy

  As demand soars for chips used in everything from smartphones to cars, supply chain bottlenecks going on for almost two years have created havoc in several global industries, including automotive, healthcare and telecoms.

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  Reuters | Oct 29, 2022

  Buffet-Backed BYD Taps India As Latest Market Amid Global Push

  BYD launched the Atto 3 electric SUV, fitted with its renowned Blade battery technology, with a plan to corner 40% of the country's electric car market by 2030.

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