The increasing risks concerning certain factors have affected Hess Corp’s stake value where the company is down to USD 5 billion.
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INDUSTRY NEWSLatest News
Aptiv targets 50 per cent growth in China with focus on new energy vehicles
by Biplab Dasby Biplab DasIn the fiscal year 2023, Aptiv’s sales in China grew by 12%, highlighting the region’s importance to the company’s global operations.
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The appointment comes after President Luiz Inacio Lula da Silva dismissed former CEO Jean Paul Prates last week.
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The one-off commission is the creation of Bugatti’s Sur Mesure team for an unnamed Chiron Super Sport customer in the Middle East.
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INDUSTRY NEWSLatest News
Tesla fights for 5G patent licence in London court
by Biplab Dasby Biplab DasThis litigation is crucial for Tesla’s plan to launch 5G-enabled vehicles in the UK.
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INDUSTRY NEWSLatest News
European automakers face intensifying competition from Chinese EV manufacturers
by Biplab Dasby Biplab DasLast year, Chinese automakers captured 19% of the market, up from 16% in 2022, according to the Rhodium Group.
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After creating too much buzz with its teasers, Kia has finally unveiled the EV3 electric crossover globally. Offered in Standard and GT-Line trims, it is …
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INDUSTRY NEWSLatest News
NIO forges ahead with European expansion despite potential EU tariff threats
Chinese electric carmaker NIO plans to continue its European expansion despite uncertainty over whether the European Union will impose tariffs on Chinese EVs
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The U1st demonstrator comprises two integral components: A ‘pop-up’ and an electric light commercial vehicle called FlexEVan.
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ZEVO, an EV mobility platform, has partnered with Zen Mobility, an Indian electric vehicle manufacturer, to deploy 3,000 specialised electric vehicles for efficient and sustainable …