Auto Industry

Reuters

Dec 1, 2021, 1:17 AM

Auto Executives Expect EVs Will Own Half Of U.S., China Markets By 2030: Report

The KPMG survey of auto industry executives found that they believe that electric vehicles will account for 52% of sales by 2030 in the United States, China and Japan, with lower percentages for Western Europe, Brazil and India.

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  Sameer Contractor | Dec 1, 2021

  Vehicle Care To Expand Network To 400 Service Outlets, Focus On Tier II And III Markets

  Vehicle Care says its services are more cost-competitive compared to a traditional OEM service centre by a good 40 per cent. The start-up is now laying the groundwork for the next big demand from Tier II and III markets.

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  car&bike Team | Dec 1, 2021

  German Parties Agree On 2030 Coal Phase-Out In Coalition Talks: Report

  Germany's Social Democrats (SPD), Greens and Free Democrats, who are negotiating to form a new government, have agreed to commit to a coal phase-out by 2030 in a coalition deal, sources involved in the talks told Reuters.

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  car&bike Team | Dec 1, 2021

  China's ZPC Studies Crude To Petrochemical Technology To Cut Carbon

  Privately-controlled Zhejiang Petrochemical Corp (ZPC), China's single-largest refiner and petrochemical producer, is exploring new technologies such as direct processing of crude into olefins to cut carbon emissions, a company executive said on Wednesday.

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  Reuters | Dec 1, 2021

  LG Energy Solution Gets Preliminary Approval For IPO

  In October, the wholly owned subsidiary of LG Chem Ltd resumed work on its IPO, which was suspended in August due to a lack of clarity regarding the recall costs involving GM's Bolt electric vehicles.

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  Reuters | Dec 1, 2021

  Volvo Cars Sees Chip Shortage Extending Into 2022, Q3 Profit Dips

  Volvo said preliminary sales volumes were around 52,000 cars in November, down year-on-year due to lower production and a build-up of in-transit inventory.

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  Reuters | Dec 1, 2021

  Sinopec Signs China's Largest Long-Term LNG Contract With U.S. Firm

  The deal is the largest LNG long-term contract signed between Chinese and U.S. companies, Venture Global said in a statement.

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  Reuters | Nov 30, 2021

  Qualcomm To Supply Chips For BMW Self-Driving Cars

  A spokesperson for BMW said the new chips would be used for its "Neue Klasse" series of cars, set to start production from 2025.

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  car&bike Team | Nov 30, 2021

  India To Seek Higher Volume, Better Price For Qatar LNG Deal Renewal

  India's top gas importer Petronet LNG will seek higher volumes at better prices from Qatar Gas during negotiations for an extension of its long-term liquefied natural gas (LNG) deal beyond 2028, its head of finance said

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