Auto Industry
car&bike Team
May 8, 2022, 9:26 PM
Atlis 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
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
car&bike Team | May 8, 2022India Says Sudden Halt To Russian Oil Imports Would Hurt CitizensIndia defended its continued purchases of Russian oil saying they were part of its long-standing effort to diversify its supplies and arguing a sudden halt to imports would jack up world prices and hurt its consumers.1 min read
car&bike Team | May 8, 2022Reliance Industries Energy Unit Powers Fourth-Quarter Profit JumpReliance Industries Ltd, India's most valuable company, reported a 22.5% surge in fourth-quarter profit, helped by higher fuel demand and margins at its mainstay energy business.1 min read
car&bike Team | May 8, 2022Oil Edges Up On Supply Jitters As EU Plans Russian Oil BanOil prices edged uo on supply worries after the European Union (EU) laid out plans for new sanctions against Russia including an embargo on crude.1 min read
car&bike Team | May 8, 2022Oil Slides As China Lockdowns Outweigh Proposed EU Russia Oil BanOil prices fell by more than 2% as demand worries stemming from China's prolonged COVID-19 lockdowns outweighed the prospect of a European embargo on Russian crude.1 min read
