Intel Corp said on Monday it plans to take self-driving-car unit Mobileye public in the United States in mid-2022, a deal which could value the Israeli unit at more than $50 billion, a person familiar with the matter told Reuters.
South Korean battery maker LG Energy Solution (LGES) is set for a record-breaking initial public offering (IPO) in Seoul to secure the funds aimed at capturing booming global demand for EV batteries.
Canada's imports and exports jumped sharply to new record highs in October, driven by two-way trade in motor vehicles and parts, official data showed on Tuesday, with the country posting its largest trade surplus in nearly a decade.
Tesla Inc CEO Elon Musk said on Monday that the U.S. Congress should not approve the Biden administration's bill to boost subsidies for electric vehicles (EVs), saying the proposal would worsen the country's budget deficit.