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Auto Industry
car&bike Team
Mar 31, 2022, 12:27 AM
The latest funding comes on the heels of a $160 million round in August that boosted the companys valuation to $890 million, according to investor website PitchBook.
1 Min
car&bike Team | Mar 31, 2022Hertz In Talks With Tesla For EV Delivery TimelineTesla boss Elon Musk took to Twitter on Monday to say that his company had not signed a contract with Hertz, spurring a brief halt in Tesla's stock rally.1 min read
car&bike Team | Mar 31, 2022EV Maker Bedeo Acquires Protean From Evergrande's Auto UnitBedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group.a1 min read
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car&bike Team | Mar 31, 2022Australia Bumps Up Investment In EV Chargers, Shuns Sales TargetsThe additional investment, which adds to an existing A$72 million commitment and will be spent by the end of June 2025, will also aid purchases of electric cars and buses for government and business fleets.1 min read
car&bike Team | Mar 31, 2022China Evergrande EV Unit To Raise $347 Million From Share Sale To Fund ProductionChina Evergrande New Energy Vehicle Group Ltd will issue about 900 million shares at HK$3 apiece through a top-up placement to controlling shareholder Evergrande Health Industry Holdings Ltd, after striking a similar deal with it last week.1 min read
car&bike Team | Mar 31, 2022South Korea's SK On To Invest $2.5 Billion To Build New EV Battery Factory In ChinaThe company had said in September it planned to build a new battery factory in China with an initial investment of 1.2 trillion won ($1.01 billion).1 min read
car&bike Team | Mar 31, 2022Waymo, UPS Expand Autonomous Freight Truck Tie-Up Ahead Of HolidaysThe company said trial runs would start in the coming weeks, where big rigs equipped with its fifth-generation Waymo Driver technology will deliver for UPS' North American Air Freight unit between facilities in Dallas-Fort Worth and Houston, Texas.1 min read
car&bike Team | Mar 31, 2022Oil Dips, Focus On OPEC+ Response To U.S.-Led Oil ReleaseOPEC expects the U.S. release to swell a surplus in oil markets by 1.1 million barrels per day (bpd), a source from the group said.1 min read
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