BLOOMBERG Essar Group plans to spend as much as $3.6 billion on low-carbon hydrogen production in the UK and India, as well as decarbonisation work at its refinery in northwest England, pending government support. The company’s first step would be a $1.2 billion investment in Britain to produce hydrogen from natural gas with carbon capture and storage, according to Prashant …

BLOOMBERG Toyota Motor Corp reported a slight drop in global sales in January due to lingering effects of the Covid-19 pandemic and a chronic shortage of semiconductors for automobiles, the Japanese automaker said. Sales, including Daihatsu Motor Co and Hino Motors Ltd, fell 3.6% from a year earlier to 795,847 vehicles, while production rose 8.4% to 819,727 units, the world’s …

BLOOMBERG Chinese electric carmaker Li Auto Inc expects first-quarter revenue to come in as high as $2.7 billion as a revamped and expanded product lineup helps it win sales from rivals including Tesla Inc. The Beijing-based auto manufacturer said revenue for the three months ending on March 31 should be between 17.5 billion yuan ($2.5 billion) to 18.5 billion yuan, …