makers
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…
Tesla is fighting to keep its EV crown, and Chinese automakers are already challenging Elon Musk’s company in one crucial area: Innovation.Electric car companies in China have been developing new products and technology at a higher rate than US automakers, according to a recent report from the Information Technology &…
By Mei Mei Chu BEIJING (Reuters) – China’s truck manufacturers released safety standards for vehicles carrying edible oil on Monday, as firms attempt to regain consumer trust after a report about fuel tankers transporting cooking oil rekindled fears about food contamination. Despite Beijing’s best efforts to step up food safety…
By Richa Naidu LONDON (Reuters) – Consumer goods giants including Nestle, Kraft Heinz (NASDAQ:) and Reckitt are likely to report weak second-quarter sales growth from Europe and the United States, as consumers opt for brands that have been better at slowing price hikes, Nielsen data shows. Analysts and investors have…
