Auto Industry
Reuters
Oct 27, 2022, 1:51 AM
The company is the world's biggest battery maker and accounts for more than a third of global EV battery sales.
1 Min
car&bike Team | Oct 27, 2022Spanish Fast Car Charger Startup Zunder Reaches 400 Million Euro ValuationMirova, a fund manager associated to French bank Natixis, poured 100 million euros into Zunder in exchange for a 25% stake, White Summit's managing partner Pablo Pallas told Reuters on Tuesday.1 min read
Reuters | Oct 27, 2022Musk Says Excited By Twitter Deal Despite OverpayingMusk, 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.1 min read
Reuters | Oct 27, 2022ABB Reports Record Margin In Q3 As Demand Stays StrongThe 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 1988.2 mins read
car&bike Team | Oct 27, 2022Tesla Output Forecast Shows Jump In Q4, Growth Through 2023: ReportTesla's production forecast, if achieved, would put the EV maker on track to meet Elon Musk's goal for production in the coming quarter and put the automaker close to the scale of German luxury automaker BMW by end 2023.5 mins read
Reuters | Oct 27, 2022Mercedes Says Comprehensive Trade Deal With EU Could Make India An Export HubIn 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.2 mins read
Reuters | Oct 27, 2022Musk'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.1 min read
Reuters | Oct 27, 2022India's Euler Motors Raises $60 Million In GIC Singapore-Led Funding RoundEuler 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.1 min read
Reuters | Oct 27, 2022Boosting EU Chip Supplies, STMicroelectronics Plans New Plant In ItalyAs 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.2 mins read
