Auto Parts Maker Aptiv Joins Rivals To Flag Earnings Hit From China Lockdowns

Aptiv has a “heavy presence” in Shanghai, a city that has been under strict lockdowns due…

Uber To Cut Costs, Slow Down Hiring, CEO Tells Staff

The ride-hailing company becomes the latest to rein in costs to have a lean investment model,…

Factbox – South Korean EV Battery Makers In $13 Billion Spree To Win U.S. Market

South Korean battery makers have stepped up their U.S. investment ambitions and cumulative spending announcements since…

Indian Shares Fall As Metals Tumble; Automobiles Help Cap Losses

India announced a series of changes to the tax structure levied on fuel and crucial commodities…

Japan’s Subaru To Build Its First Electric Vehicle Factory

Subaru plans to launch a mixed-production line of gasoline and electric vehicles around 2025 before opening…

Ather Energy Says Damaged E-Scooter Due To Accident Caused Short-Circuit, Fire

Upon investigating a fire in the Ather Energy dealership in Chennai, Ather has pinned the cause…

Nigerian Entrepreneur Builds Electric Mini-Buses In Clean Energy Push

Nigerian entrepreneur Mustapha Gajibo is now building solar battery-powered buses from scratch in a push to…

CATL Planning EV Battery Production In United States, Vetting Sites – Report

CATL, the world’s largest battery maker, is in the final stages of vetting sites in the…

Varroc Engineering To Sell Europe, Americas 4-Wheeler Lighting Business For $631 Million

Varroc, which will retain its 4-wheeler lighting operations in Asia, said it will continue to operate…

Long Fuel Queues Persist In Sri Lanka Despite Scramble To Deliver Supplies

Long queues snaked around gas stations in Sri Lanka’s commercial capital and its outskirts on Monday…