makers
By Kaori Kaneko TOKYO (Reuters) – Kyoto-based Mitsufuji got its start nearly 70 years ago as a weaver of decorative belts for kimonos. One day soon, it could be spinning high-tech fibres to shield fighter jets from electromagnetic interference. The company, whose core business is making consumer-facing wearable gadgets, is…
(Reuters) – The U.S. government on Friday released short-term guidance on how companies can secure clean fuel tax credits under the Inflation Reduction Act, but fell short of finalizing the program’s key details. Biofuels groups are eager for clarity on the tax credits for fuels that combat climate change, which…
By Emma Rumney and Jessica DiNapoli LONDON/NEW YORK (Reuters) – Meaghan Dorman’s five New York bars look just as full as they always do in December – packed with couples on dates, holiday get-togethers and business meet ups. But when takings are counted, it’s clear that customers are spending less. …
By Eric Onstad LONDON (Reuters) – Many lithium mines, led by Chinese operators, are maintaining production of the raw material needed for electric vehicle (EV) batteries, in defiance of prices weak enough to trigger mass output cuts – providing a boon for battery makers. The continued production raises the prospect…
China’s Tesla rivals are booming, with BYD, Nio, and Zeekr all breaking sales records.Despite their success, many Chinese automakers continue to lose money.Nio reported a widening net loss in its latest earnings, as the CEO of Xpeng warns many EV firms face a fight to survive.China’s Tesla rivals might be…
By Byron Kaye SYDNEY (Reuters) – A recent slump in sales means Sydney liquor store owner Louise Dowling has to work an additional 40 hours a week to make up for the staff she had to let go, as a prolonged cost of living crisis in Australia drives more people…
By Qiaoyi Li and Kevin Krolicki BEIJING (Reuters) – China dominates the market for electric vehicles. Now it’s chasing Tesla (NASDAQ:) in the race to build battery-powered humanoids expected to replace human workers building EVs on assembly lines. At the World Robot Conference this week in Beijing, over two dozen…
Chinese tech giant Xiaomi, known for making smartphones, turned heads in March when its maiden electric vehicle sold out with almost 90,000 preorders within a day of launch.Its new auto branch posted an adjusted loss of $252 million for the second quarter ending June 30 — its first-ever full delivery…
By Mohi Narayan and Joyce Lee NEW DELHI/SEOUL (Reuters) – Petrochemical producers in Europe and Asia are in survival mode as years of capacity build-up in top market China and high energy costs in Europe have depressed margins for two consecutive years, forcing firms to consolidate. The sector’s weakness is…
By Nate Raymond (Reuters) -A U.S. judge dismissed on Wednesday much of Mexico’s $10 billion lawsuit seeking to hold U.S. gun manufacturers responsible for facilitating the trafficking of firearms to violent drug cartels across the U.S.-Mexico border. U.S. District Judge Dennis Saylor in Boston dismissed claims against six of the…
