Auto Industry

Reuters

Jul 30, 2022, 10:04 PM

Wildcat Discovery Raises $90 Million For High Energy Density EV Batteries

The Series D funding round was led by Koch Strategic Platforms, the investment arm of industrial conglomerate Koch Industries, and included investments from Eastman Kodak and venture capital firm Fifth Wall Climate.

1 Min

• 
  Reuters | Jul 30, 2022

  Factbox - Indian Importers Feel Heat As Rupee Depreciates Over 7%

  India meets 85% of its crude oil needs through imports, so the rupee's depreciation has added to the retail cost of petrol, diesel and cooking gas.

  3 mins read
• 
  Reuters | Jul 30, 2022

  Exxon Posts Record-Breaking Second-Quarter Profit

  Oil and natural gas prices have scaled multi-year highs this year as Western sanctions against major exporter Russia squeezed an already under-supplied global market.

  2 mins read
• 
  Reuters | Jul 30, 2022

  Taiwan Says 'Key Position' In Semiconductors Won't Be Shaken As US Passes Chip Act

  The U.S. House of Representatives passed the sweeping legislation on Thursday to subsidise the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers.

  2 mins read
• 
  Sameer Contractor | Jul 30, 2022

  Edelweiss General Insurance Introduces Switch 'Pay as you Drive' Add-on Motor Insurance suite

  Edelweiss General Insurance says its new add-on product allows customers to get an attractive discount on their Own Damage premium by up to 25 per cent. Customers can choose from three slabs for annual car insurance.

  2 mins read
• 
  Jaiveer Mehra | Jul 30, 2022

  Ferrari Unveils 296 GT3 Race Car

  Ferrari 488 GT3 successor to compete in races from the 2023 season and marks the return of V6-powered models to Ferrari's GT racing program.

  2 mins read
• 
  Pratik Rakshit | Jul 31, 2022

  Mahindra Scorpio-N Clocks Over 25,000 Bookings In A Minute, Registers 1 Lakh Bookings On Opening Day

  The deliveries of the new Mahindra Scorpio-N will begin September 26, 2022, onwards, as over 20,000 units are planned for delivery by December 2022.

  2 mins read
• 
  Reuters | Jul 30, 2022

  Tesla's High-Profile Autopilot Executive Departs

  The departure of Karpathy, who provided no reason for leaving, comes at a critical time as Tesla Chief Executive Elon Musk races to achieve full self-driving capability this year, after missing earlier targets several times.

  2 mins read
• 
  Reuters | Jul 30, 2022

  Why India Ramped Up Russian Oil Imports, Easing Pressure On Moscow

  Indian refiners have done the opposite, snapping up more Russian crude while the government explores ways to protect domestic oil firms from punishment should they fall foul of sanctions.

  7 mins read