Alibaba-backed AutoX to launch car tests

Source: Dukascopy Bank SA
AutoX, the Alibaba Group-backed Chinese autonomous vehicle firm is set to test in four new cities and prepares for its technology tests with Fiat Chrysler's Pacifica minivan.
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Mon, 02 Nov 2020 09:10:17 GMT

Japan's Nidec plans $2B EV plant in Europe

Japan's Nidec Corp is planning to spend $1.9B on a new factory based in Serbia to manufacture motors for electric cars, according to the Nikkei newspaper.

Mon, 02 Nov 2020 06:02:56 GMT

Asian shares edge higher

On Monday, Asian shares edged higher on strong data from China, MSCI's broadest index of Asia-Pacific shares outside Japan climbed by 0.5% to 573.04.

Mon, 02 Nov 2020 05:00:29 GMT

Crude oil prices decline by 3%

On Monday, crude oil prices edged lower by over 3%, Brent crude was at $36.78 per barrel, down by 3.1% at 02:29 GMT, while the US WTI crude fell as much as 5.8%, to $34.55 a barrel.

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