Auto Industry

car&bike Team

Nov 28, 2021, 6:21 PM

Has New Delhi Banned The Entry Of Diesel And Petrol Cars/Bikes?

New Delhi has reportedly banned entry of petrol and diesel cars/bikes owing to the alarming pollution levels in the National Capital.

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  Reuters | Nov 28, 2021

  EV Maker Bedeo Acquires Protean From Evergrande's Auto Unit

  Bedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group.

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  Reuters | Nov 28, 2021

  Hertz In Talks With Tesla For EV Delivery Timeline

  Tesla 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.

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  Reuters | Nov 28, 2021

  Battery Swap Startup Ample Hits Unicorn Status With New Funding Round

  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.

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  Reuters | Nov 28, 2021

  Foxconn Finalizes $50 Million Stock Deal With Lordstown Motors

  Foxconn has bought stock worth $50 million from the U.S. electric vehicle maker, finalizing an equity investment announced in September.

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  Reuters | Nov 28, 2021

  NXP Forecasts Sales Growth Driven By Connected Vehicles

  NXP Chief Executive Kurt Sievers said the company intended to focus on key areas where more chips are going into cars and where NXP believes it can hold a market position at least twice that of any competitor.

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  Reuters | Nov 28, 2021

  GM To Launch 10 EVs In South Korea By 2025, No Local Manufacturing Plans Yet

  GM's South Korea unit builds about 600,000 vehicles a year, shipping many to the United States including the popular Chevrolet Trailblazer SUV, and employs about 12,000 people.

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  Reuters | Nov 28, 2021

  BP's Venture Capital Arm Looks To India In Clean Mobility Drive

  BP is also looking to invest in India's EV charging infrastructure to support BluSmart, as well as battery storage and energy management to solve India's challenges around peak power demand.

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  Reuters | Nov 28, 2021

  Goldman Sachs Says Global Oil Reserves Release 'A Drop In The Ocean'

  Brent crude prices have also priced in an additional hit to global oil demand of 1.5 million barrels per day for the next three months from the impact of COVID-19 in Europe and China, Goldman said.

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