TOKYO (Reuters) – Japan’s Honda Motor Co unveiled the second model of its new China-only electric vehicle (EV) lineup on Saturday, targeting the fast-growing, battery-driven car segment in the world’s largest auto market. The Japanese automaker said last year it planned to roll out EV models under a new brand called “e:N Series” over the …
By Heekyong Yang SEOUL (Reuters) – South Korea is seeking a three-year grace period on the U.S. Inflation Act in order to enable Korean automakers to keep receiving electric vehicle (EV) incentives in the United States, Seoul’s foreign ministry said on Friday. U.S. President Joe Biden sign into law in August a $430 billion bill, …
South Korea seeks 3-year grace period on U.S. EV tax incentive law Read More »
By Joice Alves and Karin Strohecker LONDON (Reuters) -Asset manager PineBridge Investments’ multi asset team has sharply raised its China equity exposure and rival Man Group expects to expand its presence in the country with expectations that strict COVID rules will be eased. Chinese markets roared higher and the yuan rose on Friday, with about …
PineBridge, Man Group bet on China as reopening hopes fuel markets Read More »
By Selena Li HONG KONG (Reuters) -HSBC Holdings’ largest shareholder Ping An on Friday urged the lender to aggressively reduce costs by cutting jobs and divesting peripheral non-Asian businesses, the first such public call by the Chinese financial conglomerate. The London-headquartered bank, which makes the bulk of its sales and profit in Asia, has been …
HSBC top shareholder Ping An urges aggressive cost cuts, renews spin-off push Read More »
By Xie Yu and Julie Zhu HONG KONG (Reuters) -U.S. audit watchdog’s onsite inspection of the audit work of New York-listed Chinese companies, which started in Hong Kong in September, has ended, three people with knowledge of the matter said, raising hopes of a resolution of a long-pending dispute. The seven-week long onsite work by …
U.S. audit inspection of Chinese companies in Hong Kong ends – sources Read More »
BERLIN (Reuters) – BioNTech would initially import its COVID-19 vaccine into China if approvals are granted, said a spokesperson for the company on Friday, after German Chancellor Olaf Scholz said during a visit to Beijing that China would allow expatriates to receive the German company’s vaccine. (This story has been corrected to make statement contingent …
BioNTech spokesperson: Vaccine could initially be imported to China Read More »
SHANGHAI/HONG KONG (Reuters) – Rumours of a possible end to stringent COVID-19 lockdowns have sent China’s stock markets flying this week despite the lack of any announced changes, showing how desperate investors are for an end to months of relentless negative news. The authorities have not said anything about easing the zero-COVID policy that has …
Analysis-China’s markets clutch at economy reopening straws Read More »
By Kevin Krolicki and David Dolan TOKYO (Reuters) -Nissan Motor Co’s talks with Renault SA on revamping their alliance are focused on strengthening competitiveness as equal partners and getting the most from their investment in electric cars, the Japanese automaker’s CEO told Reuters. The negotiations with Renault, Nissan’s top shareholder, have less than two weeks …
Nissan says talks with Renault focused on better competing in electric cars Read More »
TOKYO (Reuters) -Japan will ask the United States to be more flexible on electric vehicle (EV) purchase incentives for non-American carmakers, Kyodo news agency reported on Friday, citing unidentified government sources. The move follows a statement from South Korea’s foreign ministry saying Seoul is seeking a three-year grace period on the U.S. Inflation Act to …
Japan to seek U.S. flexibility on EV purchase incentives, Kyodo reports Read More »
HONG KONG (Reuters) – Berkshire Hathaway Inc, the investment firm owned by Warren Buffett, has sold 3.297 million Hong Kong-listed shares of electric vehicle maker BYD for HK$560.05 million ($71.35 million), according to a filing on Friday. The sale lowered Berkshire’s holdings in BYD’s total issued H shares to 17.92% on November 1 from 18.22%, …
Berkshire trims stake in China’s BYD H-shares worth HK$560 million – filing Read More »
