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Latest Energy/Automotive news,commentary and analysis

October 28, 2025

Brent $59.97/bbl, WTI Crude $64.25/bbl,

London, October 28, 2025, (Oilandgaspress) –––Hitachi, Ltd. announced that it welcomes the strategic investments published by the governments of Japan and the United States. The fact sheet includes essential projects for ensuring stable power supply and advancing AI revolution in the United States, such as initiatives aimed at grid modernization and electrification, and construction for small modular reactors (SMRs), “BWRX-300,” the next generation of nuclear power. Hitachi will contribute to these projects by leveraging its collective business strengths as “True One Hitachi.” To advance grid modernization and electrification initiatives, today, Hitachi signed a Memorandum of Understanding (MoU) with the United States Department of Commerce(“DOC”). This agreement aims to promote investment in energy infrastructure that is essential for powering data centers and drive the sustainable AI revolution.

Based on the MoU, Hitachi is exploring further expansion of Hitachi Energy’s manufacturing activities, including additional transformer production capacity, and will evaluate further opportunities to localize the production of other energy technologies in the United States. Hitachi strives to enhance energy security, resilience, and technological leadership, while also supporting the growth of high-quality employment and innovation across American communities. Hitachi will also consult with DOC regarding accelerating permitting and approval processes for timely and effective realization of these investments.
The BWRX-300 is a small light-water reactor that enhances economic efficiency while maintaining advanced safety. GE Vernova Hitachi Nuclear Energy*1, a subsidiary of GE Vernova is leading its development and overseas deployment. With a proven track record in the design, procurement, and manufacturing of nuclear power plants, and deep technical expertise, Hitachi is committed to supporting SMR construction through the provision of equipment and engineering services – helping to ensure a stable power supply that meets the growing electricity demand. Read More

TRATON successfully launched its first group-wide Green Finance Framework to accelerate financings and refinancings of battery-electric commercial vehicles (BEV) throughout the entire value chain.

“TRATON is committed to driving the transformation of commercial transport through sustainable innovation. With our Green Finance Framework, we align our financing strategy with global climate goals and offer investors a transparent, forward-looking platform to support the transition to battery-electric mobility,” said Christian Levin, CEO of the TRATON GROUP. The Green Finance Framework enables capital providers to shift forward TRATON’s investments into battery-electric mobility through a broad range of green financing instruments, including Green Bonds, Loans, Schuldscheine, and Asset-Backed Securities. The Framework is compliant with the latest international standards and ensures that proceeds are exclusively allocated to BEV-related eligible green projects. Thus, within the green project category of “Clean Transportation” defined by the International Capital Market Association (ICMA), TRATON defined the following four sub-categories: Research & Development, Manufacturing, Financial Services as well as Charging Infrastructure for battery-electric commercial vehicles. A Green Finance Committee, well embedded in the existing governance structure of the TRATON GROUP, is responsible to evaluate, select, and monitor eligible investments. TRATON will ensure the necessary transparency with an annual report on the use of proceeds and their impact. Read More

Amazon is planning major job cuts among its corporate workers as soon as this week, multiple media outlets have reported.

The online retail giant plans to lay off as many as 30,000 employees as part of cost-cutting measures led by chief executive Andy Jassy, according to the Wall Street Journal and Reuters. Each cited sources stating the same number of layoffs.

Amazon declined to comment when contacted by the BBC.

If confirmed, the layoffs could be one of the largest seen in recent months. It would be Amazon’s biggest cuts since 2022, when the company let go of around 27,000 workers over several months.

Amazon’s layoff plans were also reported by CNBC and the New York Times, citing sources familiar with the matter. The reports did not say where in the world job cuts will be made. Read More

Hyundai Motor Group Executive Chair Euisun Chung visited Saudi Arabia, a nation undergoing major industrial transformation. He met with His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, to review the Group’s local growth strategy and explore future business opportunities.

During his visit, Executive Chair Chung held discussions with HRH the Crown Prince covering a wide range of topics including the automotive industry and smart cities. This marked the first one-on-one meeting between the two leaders, though they had previously met twice, including during the Crown Prince’s 2022 visit to Korea. As the Middle East’s largest automotive market, Saudi Arabia is actively attracting global automakers, including Hyundai Motor Company, with the long-term goal of becoming an automotive hub serving not only the Middle East but also North Africa.

Executive Chair Chung expressed gratitude for the Saudi government’s continued interest and support, outlining Hyundai Motor Group’s ongoing collaborative projects and future plans as a partner in realizing Saudi Arabia’s vision for mobility and other sectors. Read More

OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Victor Cole , victor@oilandgaspress

OilandGasPress.com is a website that provides news, updates, and information related to the oil and gas industry. It covers a wide range of topics, including exploration, production, refining, transportation, distribution, and automotive market trends within the global energy sector. Visitors to the site can find articles, press releases, reports, and other resources relevant to professionals and enthusiasts interested in the energy, oil and gas industry.

Arnaud Ribault has been named Head of Enlarged Europe Opel Vauxhall Brands effective November 1, 2025. His responsibilities include the global lead for the sales for the two brands. Ribault will also become a member of the Executive Committee of Opel Automobile GmbH. He succeeds Tobias Gubitz, who will take up a new international position within the European Stellantis organisation. Read More

Leapmotor announces the launch of the C10 Design 81.9kWh AWD, the latest addition to its cutting-edge electric SUV lineup. Set to be one of the highlights of the year, the Leapmotor C10 AWD will be showcased live at the Auto Zürich Car Show 2025, captivating audiences with its dynamic performance and intelligent design. Engineered for drivers who value power, versatility, and intelligent control, the new C10 AWD redefines electric mobility by offering a seamless blend of high-performance driving and precision handling. It’s a bold statement of next-generation mobility, built to take you further, charge faster, and go anywhere with confidence.

The C10 AWD is designed for tech-savvy, performance-oriented customers who seek a premium electric driving experience without compromise. These are drivers who demand cutting-edge innovation, fast charging, and responsive handling, whether navigating urban streets, embarking on long-distance journeys, or exploring off-road paths. The vehicle also appeals to eco-conscious professionals and families who value sustainability, safety, and intelligent features in a spacious and refined SUV. . Read More

Opel provides exclusive insights into the development process of its latest concept car. A system output of 588 kW (800 hp), 800 Newton meters of torque, acceleration from 0 to 100 km/h in 2.0 seconds and a top speed of 320 km/h – this is the Opel Corsa GSE Vision Gran Turismo. It stands for pure performance and the emotional electric GSE future. Since its world premiere, the high-performance study has been thrilling audiences and is the first Opel concept car merging the real and digital worlds. But how did an idea turn into such an impressive concept? In an exciting social media video series, Opel is now giving the community exclusive insights into the development process of the groundbreaking concept car (episodes 1 to 3). In episodes 4 to 6, those responsible show the breathtaking public response that the Corsa GSE Vision Gran Turismo received during its first appearances at the IAA Mobility in Munich and the Gran Turismo World Series in Berlin. In short: OMG! How an idea became the epitome of GSE. . Read More

vehicle-to-grid Image Source: Toka Energy

Vehicle-to-grid integration is emerging as a promising resource for China’s power system, a shift underpinned by the country’s expanding new energy vehicle market. V2G lets an electric vehicle act like an energy storage unit: it can draw power from the grid as needed and, when necessary, feed stored energy back. This allows households to participate in power markets and earn income by helping balance supply and demand.

A recently released action plan lists the “scaled promotion of vehicle-grid interaction” as one of five key initiatives, signaling a new phase for V2G development. Issued by six central departments including the National Development and Reform Commission and the National Energy Administration on Oct 15, the plan outlined that V2G pilot programs will be effectively expanded, with over 5,000 new V2G facilities and more than 20 million kilowatt-hours of reverse charging energy by the end of 2027.

The plan, which aims to double the service capacity of EV charging infrastructure from 2025 to 2027 . Read More .

The hydrogen fuel cell vehicle market is poised to expand from the current 10,000-unit scale to over 4 million units by 2040, according to China’s Technology Roadmap 3.0 for Energy-Saving and New Energy Vehicles which was released on Wednesday.

The road map, which was compiled by the China Society of Automotive Engineers with guidance from the Ministry of Industry and Information Technology, sets China’s long-term targets for electrification, low-carbon development and intelligent connected vehicle technologies. Data from the China Association of Automobile Manufacturers show that the production and sales of fuel cell vehicles reached 441 and 408 units in September, growing by 173.9 percent and 94.3 percent year-on-year respectively. As of September, there are 25,700 fuel cell vehicles and 560 hydrogen refueling stations in the country. . Read More

Mercedes‑Benz Vans is drawing an exciting parallel from the past to the future: with the presentation of the world’s oldest roadworthy delivery van, a Benz combinations delivery vehicle, and a current eSprinter, the inventor of the van looks back on its unique success story that started in 1896. It’s a history full of customer-specific transport solutions. Mercedes‑Benz vans have always been intended as rock-solid dependable business tools. And this will remain the case in future. The company emphasises this with the unveiling of “THE BOuLDER” – an impressive and expressive stone-look sculpture. It offers a first glimpse of how Mercedes‑Benz is reinventing the van once again while retaining its core values – robustness, reliability, versatility and durability. The 650‑centimetre-long, 275‑centimetre-high and 250‑centimetre-wide sculpture combines art and craftsmanship in a fascinating way and offers a preview of the next generation of the Sprinter. Milled from a solid piece of material, the first outlines and design details of the future Sprinter begin to emerge. They give an idea of the upcoming unique exterior design, which is geared towards the diverse needs and requirements of commercial customers. Furthermore, the sculpture conveys an impression of the dimensions of the future Mercedes‑Benz van. Read More

Volkswagen of America celebrates its 70th anniversary
In 1949, Dutch businessman Ben Pon arrived in New York with two Volkswagen Type 1 vehicles—later known as the Beetle—in one of the first attempts to bring a small, affordable vehicle to American buyers. Just six years later, Volkswagen of America, Inc. (VWoA) was founded with the new sales company’s head office in Englewood Cliffs, New Jersey. By the following year, nearly 50,000 cars had been sold. In the 70 years since, Volkswagen has grown into one of the most influential automotive brands in U.S. history, recognized for its iconic vehicles, innovation, and commitment to manufacturing in America. Read More

UK’s Energy Secretary, Ed Miliband’s electric car dream could be about to destroy the ailing UK car industry, with thousands of jobs in the sector likely under threat. He has been a major supporter of Labour’s Zero Emission Vehicle (ZEV) Mandate rule which could prove disastrous for car brands across the country in the coming years. The next big worry for UK industry is likely to be electric vehicles, with the UK’s ZEV mandate rule ticking ever closer.The policy, introduced by the Conservatives but backed by Labour, stipulates that bands must build a certain number of EVs every year with the target currently sitting at 28% of total production in 2025. Manufacturers were told that failure to meet the target would result in a fine of £15,000 per car, forcing firms to build and sell EVs to meet target instead of following consumer demand . Read More

More than a quarter of a million UK families will receive confirmation this week of their £150 discount on energy bills this winter, as part of the British Government’s drive to help families tackle energy affordability and put money into people’s pockets.

UK Prime Minister took the decision last year to expand the Warm Home Discount to a further 2.7 million families, meaning six million households now receive the help. Covering households across England and Wales, letters will start arriving from today, with all those entitled to the discount set to receive one before January. For the vast majority of recipients, £150 will be automatically deducted off their energy bill and they don’t need to take any action. Read More

The U.S. Army has awarded Saab a contract to provide Giraffe 1X radars in support of security co-operation partners. The order value is approximately USD 46 million. The order was booked in Q3 2025.
Saab will provide Giraffe 1X systems with deliveries starting in 2026. The order underscores the growing demand for Saab’s advanced radar technology to strengthen air defense and Counter-Unmanned Aerial Systems (C-UAS) capabilities worldwide.

As a small, lightweight 3D radar, Giraffe 1X can be used as a mobile, deployable or fixed asset that can be integrated into both ground and naval platforms. With its true multi-mission capability—spanning force protection, ground-based air defense, and sea surface surveillance—Giraffe 1X is the first radar of its kind, delivering unmatched operational flexibility to commanders. . Read More .

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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Victor Cole , victor@oilandgaspress

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