Cars
Reuters
Oct 27, 2022, 1:45 PM
Chief Executive Elon Musk told analysts on a conference call there was excellent demand in the fourth quarter, addressing investors' concerns that buyers could be discouraged by the weak global economy and high prices for Tesla vehicles.
3 Min
Reuters | Oct 27, 2022Automakers To Double Spending On EVs, Batteries To $1.2 Trillion By 2030Automakers have forecast plans to build 54 million battery electric vehicles in 2030, representing more than 50% of total vehicle production2 mins read
Reuters | Oct 27, 2022OPEC+ Agrees Deep Oil Production Cuts, Biden Calls It ShortsightedOPEC's de-facto leader Saudi Arabia said the cut of 2 million barrels per day (bpd) of output - equal to 2% of global supply - was necessary to respond to rising interest rates in the West and a weaker global economy.3 mins read
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Reuters | Oct 27, 2022Mercedes Signs Deal With Rock Tech Lithium To Push e-Vehicle DriveMercedes will receive on average 10,000 tons of battery-grade lithium hydroxide per year.0 mins read
Reuters | Oct 27, 2022Biden Awards $2.8 Billion To Boost U.S. Minerals Output For EV BatteriesThe grants, which are going to projects across at least 12 states, mark the latest push by the Biden administration to help reduce the country's dependence on China and other nations for the building blocks of the green energy revolution.3 mins read
Reuters | Oct 27, 2022Automakers Need More Time To Meet U.S. Minerals Requirements For EVs - ExecsThe Inflation Reduction Act, as currently written, requires automakers to have 50% of critical minerals used in EV batteries come from North America or U.S. allies by 2024, rising to 80% by the end of 2026.4 mins read
