The investment, planned over a period of three to five years, will fund the development of two electric models and four sport-utility vehicles (SUVs) for sale in India and abroad, Nissan's chief operating officer Ashwani Gupta told reporters in New Delhi.
The White House seeks to give consumers unfettered access to a growing coast-to-coast network of EV charging stations, including Tesla Inc's SuperChargers.
While most of the world's combustion engine cars and short-distance vans and lorries should be replaced by battery electric vehicles (BEVs) over the next two decades, fuel-cell proponents and some long-haul fleet operators say batteries are too heavy, take too long to charge and could overload power grids.
Companies in Europe and beyond are vying for control of the crown jewels of the connected car era, namely car manufacturers' data covering everything from driving habits, to fuel consumption and tyre wear which can be used to target cash-generating services.
The company, which last raised funding from investors at a valuation of $12 billion in 2021, is expected to tap Goldman Sachs Group and Morgan Stanley to lead a stock market launch, the sources said.
China's government has been phasing out subsidies for EVs, but Albemarle said so far those steps have had only a "limited impact" on EV demand. Executives attributed weak Chinese auto sales data in January to the Lunar New Year holiday.
President Joe Biden previously committed to building a U.S. network of 500,000 EV chargers by 2030, and has now set the standards to disburse $7.5 billion in federal funds to support that effort.
Uber's fleet partners will buy the EVs from Tata Motors, India's biggest electric carmaker.
Nio will build 400 battery-swapping stations along highways and 600 in urban areas with a focus on the country's third- and fourth-tier cities and counties
M is launching four new EVs this year - one pickup and three SUVs - and four more in 2024, but most will be built in relatively low volumes through 2025
The latest round, led by investors Franklin Templeton and Fifth Wall, makes Our Next Energy one of the most valuable privately held battery companies in the United States.
British AV software company Oxbotica, Sweden's Einride, America's Outrider and British supplier Aurrigo International Plc are among a number of companies drawing investor interest with more focused approaches, aimed at smaller, simpler customer segments - from mining vehicles to tractors or forklifts.
The Chinese company is also planning a factory in the neighbouring city of Chuzhou to make budget EVs to sell to Europe.
"Discounted crude oil from Russia will help refiners boost runs," said Ehsan Ul Haq, an analyst from Refinitiv.
The crude oil refiner reported a net loss of 1.88 billion rupees ($23.1 million) for the quarter ended Dec. 31
The company's standalone net profit dropped to 19.60 billion rupees ($240.6 million) in the third quarter ended Dec. 31, from 28.28 billion rupees a year earlier.
"This Budget builds on our focus on green growth," finance minister Nirmala Sitharaman said in her budget speech.
India's top bank, the State Bank of India (SBI), is now clearing these dirham payments
The focus on biofuels is also aimed at helping India's transition to alternative fuels and cutting its import bill
Asia has emerged as the largest buyer of Russian oil since the West placed it under sanctions.
