Sectors
Biden Administration Grants $2 Billion to Boost EV Production Across Eight States
The United States government is providing approximately $2 billion in assistance to eleven car companies, including General Motors and Stellantis, aimed at bolstering electric vehicle production and expanding assembly facilities across eight states.
Grab's Trans-Cab Takeover Could Stifle Competition, Competition Watchdog Warns
The CCCS warns that Grab's proposed acquisition of Trans-cab could lead to unfair market dominance in Singapore's ride-hailing sector, reducing competition and boosting driver shortage.
Volkswagen to Mass-Produce Solid-State Batteries With QuantumScape Tech
Volkswagen is partnering with QuantumScape to develop solid-state batteries for future vehicles, aiming to enhance the energy storage capacity and safety of 1 million electric vehicles per year.
US Plans to Buy Up to 4.5 Million Barrels of Oil for Strategic Petroleum Reserve
The US Energy Department plans to buy up to 4.5 million barrels of oil to replenish the Strategic Petroleum Reserve (SPR).