Cars

Reuters

Oct 27, 2022, 1:58 AM

Amazon.com To Invest Over 1 Billion Euros In European Electric Van, Truck Fleet

The company did not say what percentage of its European last-mile delivery fleet is electric today, but said those 3,000 zero-emission vans delivered over 100 million packages in 2021.

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  Reuters | Oct 27, 2022

  Chinese EV Battery Maker CATL Expects Q3 Profit To Nearly Triple

  The company is the world's biggest battery maker and accounts for more than a third of global EV battery sales.

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  car&bike Team | Oct 27, 2022

  Spanish Fast Car Charger Startup Zunder Reaches 400 Million Euro Valuation

  Mirova, a fund manager associated to French bank Natixis, poured 100 million euros into Zunder in exchange for a 25% stake, White Summit's managing partner Pablo Pallas told Reuters on Tuesday.

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  Reuters | Oct 27, 2022

  Musk Says Excited By Twitter Deal Despite Overpaying

  Musk, the chief executive of Tesla, was answering a question during a call after the electric vehicle maker's quarterly report. The world's richest person is pursuing the Twitter purchase after earlier trying to back out of the $44 billion deal.

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  car&bike Team | Oct 27, 2022

  Tesla Output Forecast Shows Jump In Q4, Growth Through 2023: Report

  Tesla's production forecast, if achieved, would put the EV maker on track to meet Elon Musk's goal for production in the coming quarter and put the automaker close to the scale of German luxury automaker BMW by end 2023.

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  Reuters | Oct 27, 2022

  India's Euler Motors Raises $60 Million In GIC Singapore-Led Funding Round

  Euler Motors did not disclose the valuation at which it raised the money in the Series C round, although it said its other investors included Blume Ventures, Athera Venture Partners, QRG Holdings, ADB Ventures and Moglix.

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  Reuters | Oct 27, 2022

  Boosting EU Chip Supplies, STMicroelectronics Plans New Plant In Italy

  As demand soars for chips used in everything from smartphones to cars, supply chain bottlenecks going on for almost two years have created havoc in several global industries, including automotive, healthcare and telecoms.

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  Reuters | Oct 26, 2022

  Buffet-Backed BYD Taps India As Latest Market Amid Global Push

  BYD launched the Atto 3 electric SUV, fitted with its renowned Blade battery technology, with a plan to corner 40% of the country's electric car market by 2030.

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  Reuters | Oct 26, 2022

  Toyota Launches Pilot Project For Flex Fuel Vehicle In India

  The sedan, imported from Toyota Brazil, is powered by flex fuel technology, which allows the engine to run on fuel blended with a higher percentage of ethanol, reducing the consumption of gasoline, along with a hybrid powertrain.

  1 min read