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Reuters
Aug 29, 2022, 10:39 PM
A robotaxi unit of China’s state-owned SAIC Motor has raised more than 1 billion yuan ($147.37 million) in a second round of fundraising from its autonomous technology partner Momenta and several other institutions, according to a Momenta statement and a person familiar with the matter.
1 Min
Reuters | Aug 29, 2022China's CATL To Build $7.6 Billion Hungary Battery Plant To Supply Mercedes, BMWChina's CATL said it would build a 7.3 billion euro ($7.6 billion) battery plant in Hungary, Europe's largest so far, as the world's biggest electric vehicle battery maker gears up to meet growing demand from global automakers.2 mins read
Reuters | Aug 29, 2022Oil Falls 2% On Expectations That U.S. Gulf Supply Disruption Will EaseOil prices plunged around 2%, on expectations that supply disruptions in the U.S. Gulf of Mexico would be short-term, while recession fears clouded the demand outlook.2 mins read
Reuters | Aug 29, 2022Russia-Backed Indian Refiner Nayara Energy Posts Record ProfitIndia's Nayara Energy, part owned by Russian oil major RosneftMM>, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports.2 mins read
Jaiveer Mehra | Aug 29, 2022MG Gloster Facelift Launch on August 31, 2022The teaser reveals little about the update aside from calling the updated SUV, the ‘Advanced Gloster’.2 mins read
Reuters | Aug 29, 2022Hope For Smaller Rate Rises To Lift Wall Street, Oil GainsWall Street headed for another day of gains as investors banked on peaking inflation persuading central banks to dial back on their anticipated interest rate hikes in September.3 mins read- Reuters | Aug 29, 2022Oil Rises As IEA Hikes 2022 Demand Growth ForecastOil prices rose by over 1% after the International Energy Agency raised its oil demand growth forecast for this year as soaring gas prices drive some consumers to switch to oil.2 mins read
- Reuters | Aug 29, 2022Oil Rises On Renewed Gasoline Demand, Weak DollarOil prices rose, rebounding from losses early in the session, helped by encouraging figures on U.S. gasoline demand and as lower-than-expected U.S. inflation data drove investors into riskier assets.2 mins read
Reuters | Aug 29, 2022EU Says U.S. Plan For EV Tax Breaks Discriminatory, May Breach WTO RulesThe European Union said it was "deeply concerned" about proposed tax credits for purchases of electric vehicles in the United States because they would be biased against foreign producers and may breach World Trade Organization (WTO) rules.1 min read
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