Reuters Asia Business

By Toby Sterling and Nick Carey AMSTERDAM/LONDON (Reuters) -The European Commission has begun canvassing the region’s semiconductor industry for its views on China’s expanded production of older generation computer chips, two sources familiar with the matter told Reuters. The Commission, the EU executive, has sought feedback ahead of two voluntary surveys for the chip industry …

Exclusive-Europe seeks industry views on China’s older generation chips Read More »

BEIJING (Reuters) – Several state-owned firms in China’s financial hub of Shanghai have recently purchased Tesla’s best-selling Model Y as service cars, a local government statement said on Friday. The purchase is an “active response” to the call for equal treatment of Chinese and foreign firms in government purchases, according to the investment promotion service …

Several Chinese state firms in Shanghai buy Tesla Model Y cars Read More »

By Satoshi Sugiyama and Leika Kihara TOKYO (Reuters) -Japanese household spending fell unexpectedly in May as higher prices continued to squeeze consumers’ purchasing power, data showed on Friday, complicating the central bank’s decision on how soon to raise interest rates. Many analysts expect consumption to rebound in the coming months as big wage hikes offered …

Japan household spending falls unexpectedly, clouds BOJ rate path Read More »

SHANGHAI (Reuters) – Chinese tech companies, from industry giants to ambitious startups, converged at the World AI Conference in Shanghai this week to showcase their latest innovations and express strong support for the country’s artificial intelligence sector even as it faces U.S. sanctions. More than 150 AI-related products and solutions are being exhibited at the …

Chinese AI firms showcase resilience, innovations at AI event despite US sanctions Read More »

TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple’s biggest iPhone assembler, posted on Friday better-than-expected quarterly revenue on AI server demand, and forecast continued growth in the current quarter. The third quarter is traditionally the start of the season for Taiwan’s tech companies to race to supply smartphones, tablets and other …

Foxconn Q2 revenue beats market forecast on AI server demand Read More »

By Panarat Thepgumpanat and Chayut Setboonsarng BANGKOK (Reuters) – Thailand’s consumer protection agency has received about 70 complaints since initiating a probe into aggressive discounting by BYD dealers that has left some buyers feeling they overpaid for their Chinese electric vehicles. Prime Minister Srettha Thavisin told BYD Chief Executive Wang Chuanfu, who was in Thailand …

BYD’s steep EV discounting in Thailand sparks backlash, PM seeks assurances Read More »

By Sarah Wu and Ella Cao BEIJING (Reuters) -China’s SAIC Motor will request a hearing from the European Commission on the extra duties it faces, the company said on Friday, as the European Union’s provisional tariffs on made-in-China EVs took effect. “The European Commission overlooked some of the information and counter-arguments submitted by SAIC during …

China’s SAIC Motor seeks European Commission hearing on EV tariffs Read More »

MILAN (Reuters) – China’s Chery Auto is starting sales in Italy with a petrol version of its Omoda 5 crossover SUV, priced from 27,900 euros ($30,182), as the automaker assesses its options to expand its manufacturing capacity and sales in Europe. One of several Chinese companies bringing budget cars to Europe, mostly electric, Chery began …

Chery launches 28,000 euro crossover SUV in Italy as it plans Europe expansion Read More »

TOKYO (Reuters) -Toyota Motor did not find any new cases of wrongdoing in the certification applications of its car models beyond the ones it had already reported last month, the Japanese automaker said in a statement on Friday. The world’s top-selling automaker said it reported its findings to Japan’s transport ministry after completing its investigation …

Toyota finds no new wrongdoing in certification investigation Read More »