Reuters Asia Business

By Jane Lanhee Lee and Stephen Nellis SAN FRANCISCO (Reuters) – The U.S. ban on exports to China of Nvidia and AMD’s flagship artificial intelligence chips will create new business opportunities for domestic startups jockeying for a piece of China’s fast-growing data center chip market, industry executives and analysts told Reuters. The ban is part of a …

Analysis-U.S. ban on Nvidia, AMD chips seen boosting Chinese rivals Read More »

FRANKFURT (Reuters) – Tesla will launch an open-door event on Sunday for its workers to inform local residents about the progress and environmental footprint at its German gigafactory in Gruenheide, according to the municipality’s official website. At the town hall event, to run from 1000-1700 CET, residents will be able to talk to Tesla employees …

Tesla to host town hall event near Brandenburg plant on Sunday Read More »

TOKYO (Reuters) -Honda Motor Co said on Thursday it would reduce car output by up to 40% at two Japanese plants for the rest of the month due to ongoing supply chain and logistical problems. The reduction could be seen as a warning that automakers may not be able to lift production volumes in the …

Honda to slash output by up to 40% at Japan plants due to supply snag Read More »

TOKYO (Reuters) – Japan is ready to take action in the currency market and won’t rule out any options to address “clearly excessive volatility” seen in recent yen moves, the country’s top currency diplomat said on Thursday. “Volatility is recently heightening in the currency market. Especially in the past few days, we’ve seen one-sided, rapid …

Japan’s top FX diplomat warns of action to stem ‘speculative’ yen moves Read More »

SHANGHAI (Reuters) -Tesla sold 76,965 Chinese-made vehicles in August, nearly triple its sales from a month ago, as it quickened deliveries after ramping up output at its Shanghai plant. The U.S. carmaker exported 42,463 Model 3s and Model Ys from China last month, the China Passenger Car Association (CPCA) said. In July, it sold 28,217 …

Tesla triples deliveries of China-made cars after upgrade in Shanghai plant Read More »

By Chayut Setboonsarng BANGKOK (Reuters) – Chinese electric vehicle (EV) maker BYD on Thursday announced it would set up a facility in Thailand to start producing 150,000 passenger cars per year from 2024. BYD announced in a joint statement with Thai industrial developer WHA Group that a purchase agreement had been signed for 96 hectares …

China’s BYD to start EV production in Thailand by 2024 Read More »

By Sarah Wu TAIPEI (Reuters) -Taiwan is confident it can sign a “high standard” trade deal with the United States under a new framework, President Tsai Ing-wen told a visiting group of U.S. lawmakers on Thursday. Washington and Taipei unveiled the U.S.-Taiwan Initiative on 21st Century Trade in June, days after the Biden administration excluded …

Taiwan confident it can sign ‘high standard’ U.S. trade deal Read More »

By Yuka Obayashi TOKYO (Reuters) – Japan’s JFE Steel aims to decide this year on a joint venture in India with partner JSW Steel to produce electrical steel sheet used in power plant transformers, JFE Holdings President Koji Kakigi said on Thursday. Japan’s second-biggest steelmaker, which is under JFE Holdings, aims to tap growth in …

Japan’s JFE to decide on electrical steel sheet JV with JSW in India by end-2022 Read More »

By Daniel Leussink and Leika Kihara TOKYO (Reuters) -Japan is ready to take action to deal with swift moves in the yen, Deputy Chief Cabinet Secretary Seiji Kihara said on Thursday, repeating the government’s verbal warnings as the currency hovered around 24-year lows. “We’re worried about rapid and one-sided moves in the currency market,” Kihara …

Japan ready to act to deal with ‘rapid, one-sided’ yen moves, government says Read More »