Oil prices experienced a downward trend for the third consecutive day on Wednesday, influenced by multiple factors including expectations of higher U.S. commercial inventories and …
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INDUSTRY NEWSLatest News
Volkswagen invests in South African plant for new SUV production
by Biplab Dasby Biplab DasThis investment is part of the automaker’s strategic initiative to prepare the facility for the production of a new SUV model slated for launch in …
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INDUSTRY NEWSLatest News
Nissan to ramp up solid-state battery production
by Biplab Dasby Biplab DasThis move aims to bolster Nissan’s competitiveness in the EV market amid fierce competition from industry leaders like Tesla and BYD.
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BYD has already delivered nearly 20,000 units of Bao 5, the first model under its premium Fangchengbao brand.
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At Tesla’s German plant, 3,000 of the carmaker’s roughly 12,000 staff have been reportedly fired.
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INDUSTRY NEWSLatest News
Oil prices rise as Chinese economic growth surpasses expectations
by Biplab Dasby Biplab DasBrent and U.S. crude futures rose by 0.5% and 0.6%, respectively, with the benchmarks responding positively to China’s GDP growth of 5.3% year-on-year.
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INDUSTRY NEWSLatest News
JLR and Allye Energy set to collaborate on mobile energy storage
by Biplab Dasby Biplab DasThis solution utilises second-life batteries from Range Rover and Range Rover Sport plug-in hybrid vehicles (PHEV).
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Maserati has taken the wraps off the new GranCabrio Flogore, which is the all-electric derivative of the ICE-powered GranCabrio. It is also the fastest all-electric …
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INDUSTRY NEWSLatest News
Octopus Energy and Chery Omoda join forces to offer EV leasing in Britain
by Biplab Dasby Biplab DasThe Omoda 5 SUV will make its UK debut next month, marking Chery’s first step into the British market.
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Tensions have been rising between China and the West over increasing exports and competition to local players.