Auto Industry
car&bike Team
May 8, 2022, 10:50 PM
Volkswagen has set up a years-long partnership with U.S. chip maker Qualcomm to develop automated driving technology, with the contract set to run until 2031.
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car&bike Team | May 8, 2022U.S. To Spend More Than $3 Billion On EV Battery Manufacturing - ReportThe Biden administration will allocate more than $3 billion in infrastructure funding to finance electric vehicle (EV) battery manufacturing.1 min read
car&bike Team | May 8, 2022Oil Gains 1.5%, Posts Another Weekly Rise On Supply ConcernsOil prices rose nearly 1.5%, posting a second straight weekly increase as impending European Union sanctions on Russian oil raised the prospect of tighter supply and had traders shrugging off worries about global economic growth.1 min read
car&bike Team | May 8, 2022Musk Aims To Quintuple Twitter's Revenue To $26.4 Billion By 2028 - ReportMusk is expected to become Twitter's temporary CEO.1 min read
car&bike Team | May 8, 2022EV Firm Atlis Plans U.S. Stock Market Listing Amid IPO DroughtAtlis Motor Vehicles has become the latest startup in the electric-vehicle space to unveil plans for an initial public offering as the global push towards electrification accelerates.1 min read
car&bike Team | May 8, 2022Chinese EV Company CH-AUTO To Go Public Via $1.7 Billion SPAC DealCH-AUTO Technology Corp Ltd said it had agreed to go public with a U.S. blank-check firm in a deal valued at nearly $1.7 billion.1 min read
car&bike Team | May 8, 2022Ukraine Finance Minister Calls For Total Embargo On Russian Oil And GasUkrainian Finance Minister Serhiy Marchenko called for a complete international embargo on Russian oil and gas over Moscow's invasion of Ukraine.1 min read
car&bike Team | May 8, 2022Exide-Leclanche JV To Scale Up Production At India Battery PlantNexcharge, a JV between Indian battery maker Exide Industries and Switzerland's Leclanche SA, will scale up production at its lithium-ion battery plant to 100% within four years.1 min read
car&bike Team | May 8, 2022Volkswagen Boosts Electric Car Investment In Spain To 10 Billion EurosVolkswagen AG and partners will invest 10 billion euros to make electric vehicles and batteries in Spain.1 min read
