Auto Industry

car&bike Team

Apr 28, 2022, 9:23 PM

SAIC Sets Up Automotive Chip Fund With Shanghai Research Institute

SAIC Motor Corp said on its official WeChat account that the fund will also look to invest in automotive electronics start-ups and will later be opened to external funds.

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  Reuters | Apr 28, 2022

  Self-Charging Hybrids Outsell Diesel In Europe For First Time: Data

  Data released by European Automobile Manufacturers' Association showed that self-charging hybrid cars outsold diesel cars in Europe for the first time in 2021, albeit by just 48 vehicles.

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  car&bike Team | Apr 28, 2022

  Toyota India Cumulative Sales Cross 20 Lakh Unit Milestone

  Toyota delivered the milestone unit, a Glanza hatchback, to a customer in Trichur, Kerala.

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  Reuters | Apr 28, 2022

  Oil Hits 7-Year Peak On Political Risks, Supply Crunch

  Brent futures rose 69 cents to settle at $90.03 a barrel, after hitting $91.70, the highest level since October 2014. U.S. crude closed 21 cents higher at $86.82 per barrel, after hitting a seven-year peak of $88.84 during the session.

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  Reuters | Apr 28, 2022

  New EV Owners Resist Petrol Cars In The US, Survey Shows

  Sales of EVs in the United States jumped to a record high earlier this month with 434,879 new units on the road, however, demand for their hybrid counterparts remained strong as many customers withdrew from EVs due to higher prices, limited driving range and fewer charging stations than required.

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  Reuters | Apr 28, 2022

  Crude Prices Edge Lower, Though Supply Concerns Still Dominant

  The global benchmark rose to $89.17 on Wednesday, its highest level since October 2014; the benchmark is up 13% on the year so far.

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  Reuters | Apr 28, 2022

  Oil Up, Settles Near 7-Year Highs After Iraq-Turkey Pipeline Outage

  Brent crude futures settled up 93 cents, or 1.1%, at $88.44 a barrel. The global benchmark earlier touched $89.13, its highest level since Oct. 13, 2014.

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  Reuters | Apr 28, 2022

  Blink To Supply EV Chargers At GM Dealerships In North America

  Blink said it would collaborate with facility solutions provider ABM Industries to supply its IQ 200 Level 2 chargers to dealerships across North America.

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  Reuters | Apr 28, 2022

  EU To Propose Microchips Law In Early February, EU Chief Says

  The proposal, known as the European Chips Act, will aim to adapt state aid rules, improve tools to anticipate shortages and crisis and strengthen research capacity in the bloc.

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