Briefly Noted


HD Hyundai Oilbank launched a new electric vehicle lubricant brand called Hyundai XTeer EVF. Earlier this year, the South Korean company launched XTeer for industrial vehicles. Saudi Aramco bought a $798 million stake in the Geely Renault internal combustion engine joint venture. The Saudi oil giant purchased U.S.-based automotive lubricant company Valvoline last March for $2.65 billion.

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