China EV battery maker Octillion looks to cash in on carbon neutral drive

© Reuters. Employees work on the production line of electric vehicle (EV) battery manufacturer Octillion in Hefei HEFEI, China (Reuters) – China’s push towards carbon neutrality as well as its growing manufacturing might will allow electric vehicles (EV) to compete equally with standard cars by 2030 and drive the sector to new heights, the head […]

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ECB wants to put a price on climate risk in Lagarde’s green drive

2/2 © Reuters. FILE PHOTO: European Central Bank President Lagarde addresses the European Parliament in Strasbourg 2/2 FRANKFURT (Reuters) – The European Central Bank can help markets price climate risk more accurately to help protect the environment and its own balance sheet, ECB board member Fabio Panetta said on Monday. Joining the fight against climate […]

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GM to manufacture own ‘family’ of EV drive systems, motors

© Reuters. The GM logo is pictured at the General Motors Assembly Plant in Ramos Arizpe By Norihiko Shirouzu (Reuters) – General Motors Co (N:) is set to announce plans on Wednesday to put into production an interchangeable “family” of electric vehicle (EV) drive systems and motors, boosting manufacturing efficiencies as it transitions to a […]

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China will step up technology innovation to drive growth: President Xi

© Reuters. Chinese President Xi Jinping attends the closing session of NPC in Beijing BEIJING (Reuters) – China will step up technology innovation to drive high-quality growth through mobilizing national resources and bringing in world class research teams, President Xi Jinping said on Monday, according to the state TV. China will further open up its […]

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US Retail Sales and U. Michigan Consumer Data may Drive USD lower

Commodity markets started Friday on a weaker footing. There is a noticeable tilt to the downside in silver as high volatility should persist after falling almost 16% on Tuesday. Gold futures are also under slight pressure, but buying interest is expected to remain strong. Sales in commodity markets are occurring despite USD scratching intention to […]

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