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Auto Industry
Reuters
Jul 28, 2022, 7:30 PM
Tesla supplier LG Energy Solution Ltd (LGES) said it was looking at sites in Europe for a new battery plant and would ramp up production in Asia outside of China, where COVID lockdowns and rising costs were weighing on profits.
3 Min
Reuters | Jul 28, 2022UK's BII To Invest In New Mahindra EV Unit At $9 Billion Valuation, Shares SoarBII will have a 4.8% ownership in the business, which will focus on four-wheel passenger electric vehicles (EVs). The unit will be wholly owned by Mahindra, the company said in a statement.1 min read
Reuters | Jul 28, 2022Indian EV Ride-Hailing Firm BluSmart Close To Raising $250 Million - CEOBluSmart, which runs an all-electric vehicle (EV) fleet, was expecting to finalise deals with impact funds and private equity investors within the next two months, Anmol Jaggi said.2 mins read
Reuters | Jul 28, 2022Global Equities Waver, Oil Falls Amid Recession FearsThe dollar's role as the safe-haven currency for investors concerned about the economic outlook has been burnished in recent weeks, with the U.S. currency roaring to two-decade highs against multiple currencies, while the euro sank to within a whisker of parity with the dollar.3 mins read
Reuters | Jul 28, 2022Panasonic Picks Kansas For Tesla EV Battery Plant, State Puts Investment At $4 billionJapan's Panasonic Energy Co, a major Tesla Inc supplier, said on Wednesday it had selected Kansas as the site for a new battery plant that state officials said would create up to 4,000 jobs with investment of up to $4 billion.3 mins read
Reuters | Jul 28, 2022U.S. And Japanese Insurers Back Autonomous Vehicle Firm May MobilityThe funding will allow May Mobility to continue work with Toyota Motor Corp on self-driving people movers, May Mobility said in a statement. May said it is aiming to take human drivers out of vehicles in commercial operation by next year.1 min read
Reuters | Jul 28, 2022Apple Eyes Fuel Purchases From Dashboard As It Revs Up Car SoftwareA new feature quietly unveiled at Apple's developer conference this month will allow CarPlay users to tap an app to navigate to a pump and buy gas straight from a screen in the car, skipping the usual process of inserting or tapping a credit card.3 mins read
Reuters | Jul 28, 2022iPhone Maker Foxconn Builds EV Partnership With NXP SemiconductorsFoxconn, best known for assembling Apple's iPhone, has expanded into areas including electric vehicles (EVs) and semiconductors in recent years, announcing deals with U.S. startup Fisker Inc and Indian conglomerate Vedanta Ltd.1 min read
Reuters | Jul 28, 2022Mahindra Open To Investing In EV Battery Cell Maker To Secure Supplies - CEOIndia's Mahindra & Mahindra could consider investing in a battery-cell company to meet future electrification needs, its CEO said, after the company raised funds for its new electric vehicle (EV) unit at a $9.1 billion valuation.2 mins read
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