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Auto Industry
Reuters
Nov 29, 2021, 12:09 AM
Germany aims to have at least 15 million electric cars on the roads by 2030 in its shift towards climate neutrality, up from a previous goal of 14 million.
1 Min
Reuters | Nov 29, 2021Piech Automotive Says Incari Software In Its First EV Model Quick To UpdatePiech Automotive is due to release its 200,000 euro Piech GT model in 2024, with a production target of 10,000 cars a year.1 min read
Reuters | Nov 28, 2021Daimler To Produce First In-House Electric Motor At Berlin PlantThe motor, known as an axial-flux motor and designed by the British startup YASA which Daimler acquired earlier this year, weighs a fraction of its diesel equivalent and can boost the range of an EV by up to 7%.1 min read
Reuters | Nov 28, 2021Oil Steadies As Investors Question Reserve ReleaseThe United States said it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain to try to cool prices after OPEC+ ignored calls to pump more.1 min read
Reuters | Nov 28, 2021Oil 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
Reuters | Nov 28, 2021South 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
Reuters | Nov 28, 2021China 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
Reuters | Nov 28, 2021Sharp Swings In EV Shares Draws Frenzied Options TradingSentiment in the electric-vehicle makers' options leaned toward bearish and defensive bets on Wednesday, according to Trade Alert data.1 min read
car&bike Team | Nov 28, 2021Australia 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
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