Auto Industry
car&bike Team
Mar 28, 2022, 10:25 PM
China Evergrande New Energy Vehicle Group said it will start accepting orders for its inaugural electric car, the Hengchi 5 sport utility vehicle, "imminently" and open sales centres in 15 major cities across the country. Liu
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car&bike Team | Mar 28, 2022Vitesco Receives 2 Billion Euro Order For Electric Car Components - CEOVitesco has received an order worth around 2 billion euros ($2.20 billion) to produce a component for electric vehicles (EVs), Chief Executive Andreas Wolf said on Friday, without naming the client.1 min read
car&bike Team | Mar 28, 2022Tesla To Ask Shareholders To Vote On Authorising More SharesTesla's shares rose nearly 4% to $1,049.05 in trading before the bell. The stock split, if approved, would be the company's latest after a five-for-one split in August 2020 to make owning the stock easier for its employees and investors.1 min read
car&bike Team | Mar 28, 2022India's Gasoil, Gasoline Sales Top Pre-COVID Level On Price Hike FearsDemand for fuel in first half of March grew 24 percent over March 20191 min read
car&bike Team | Mar 28, 2022India's Feb Crude Oil Imports Hit 4 Month-Low As Global Prices SurgeFebruary crude oil imports decreased by about 8.6 per cent from the previous month and were 5.7 per cent lower than pre-pandemic levels in the same month two years ago.1 min read
car&bike Team | Mar 28, 2022Oil Jumps 5 Per Cent As Caspian Pipeline Disruption Adds To Supply FearsThe situation adds to market worries about the ripple effect of heavy sanctions on Russia, the world's second-largest crude exporter, after its invasion of Ukraine.1 min read
car&bike Team | Mar 28, 2022Indian Oil Buys 3 Million Barrels Of Urals For May Loading - Trade SourcesUrals crude has been purchased from trader Vitol on a delivered basis at a "discount", they said.1 min read
car&bike Team | Mar 28, 2022Indian Refiners Hike Crude Processing In February To Meet Demand RiseIndia's fuel consumption had its biggest year-on-year jump since August 2021, up 5.4% in February compared with the same month in 2021.1 min read
car&bike Team | Mar 28, 2022Volvo Cars Cuts 2022 Sales Volume Forecast Due To Chip ShortageVolvo Cars said on Tuesday that a shortage of semi-conductors was hitting production and would likely to continue through the second quarter, forcing it to cut its forecast for vehicle deliveries for the full year.1 min read
