Auto Industry News
Lilium Aims To Build 400 Air Taxis A Year, Seek Grants
German air taxi developer Lilium Air Mobility plans to set up industrial capacity to make some 400 of its electrically powered Lilium Jet flying shuttles a year, while tapping schemes that provide public research support, its new chief executive said.
Group Of Countries Push EU For Gas Price Cap
Sep 30, 2022 08:42 AM
A group of European Union countries are pushing Brussels to produce plans this week for a bloc-wide cap on the price of gas, according to a letter seen by Reuters late.
Greece Proposes European Fund To Address Soaring Gas Prices
Sep 30, 2022 08:39 AM
Greece has proposed a multibillion-euro European fund partly financed by a gas levy on power producers to support households and businesses struggling with soaring energy costs and help Europe replace Russian gas, its energy ministry said.
U.S. VP Harris To Meet With Japanese Chip Firms
Sep 30, 2022 08:35 AM
Vice President Kamala Harris will meet in Japan with heads of semiconductor-related businesses as the Biden administration works to boost U.S. chips manufacturing, according to a senior administration official.
India's Blade Signs Order For Up To 200 Electric Aircraft From Embraer's Eve
Sep 30, 2022 08:33 AM
Brazil's Eve Holding Inc said that Blade India has signed a purchase order for up to 200 of its electric vertical take-off and landing (eVTOLs), allowing it to expand its urban air mobility ecosystem in the Asian country.
Group Of Countries To Push EU For Gas Price Cap
Sep 30, 2022 08:30 AM
A group of European Union countries want to push Brussels to produce plans this week for a bloc-wide cap on the price of gas, according to a draft letter seen by Reuters.
India's Hero MotoCorp, HPCL Partner For EV Charging Network
Sep 30, 2022 08:14 AM
Indian bikemaker Hero MotoCorp said it would partner with state-run Hindustan Petroleum Corp to set up electric vehicle (EV) charging infrastructure across the country.
China EV Maker Leapmotor Set To Raise $800 Million In Hong Kong IPO
Sep 30, 2022 08:12 AM
Chinese electric vehicle (EV) maker Zhejiang Leapmotor Technology is set to raise $800 million by pricing its shares at HK$48 ($6.12) each in its Hong Kong initial public offering (IPO), said two sources with direct knowledge of the matter.
Indian Shares End Flat As Auto, Metals Offset IT Gains
Sep 30, 2022 08:06 AM
Indian shares stayed rooted to two-month lows, with gains in IT and consumer companies offset by losses in auto and metal stocks, as worries over economic growth festered ahead of the central bank's policy decision later this week.
Upcoming Launches
