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Volvo joins Tesla in halting EV production due to Red Sea attacks

Baua Electric

JANUARY 12, 2024

Tesla and Volvo are among several companies having to direct ships away from the Red Sea amid the threat of attacks, Automotive News Europe reports. Attacks in the Red Sea have jumped 500% in the past month, with now companies taking extreme measures to avoid risk.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

AUGUST 13, 2015

That has oil exporting countries, including OPEC members, Russia and others, focusing their sales on Asia, particularly China. Furthermore, several national oil companies, Venezuela’s among them, are building refineries with local partners in Asia, which will use their crude. In other major export markets, demand is stagnant.

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