BEIJING (Reuters) -Tesla’s sales of its China-made electric vehicles edged up 0.8% in June from a year earlier, snapping an eight-month losing streak, but they continued to fall on a quarterly basis in the face of lower-cost new models from its Chinese rivals. Deliveries of Model 3 and Model Y vehicles made in its Shanghai …
By Siddharth Cavale NEW YORK (Reuters) -When Plufl co-founders Yuki Kinoshita and Noah Silverman pitched their “dog beds for humans” prototype to Shark Tank in 2022, they envisioned making the plush, snuggly, memory foam beds in China and selling them at retail in the U.S. for $299. Mark Cuban and Lori Greiner invested $200,000 jointly …
They tried Made in the USA – it was too expensive for their customers Read More »
By Sudarshan Varadhan SINGAPORE (Reuters) -Philippines-based Citicore Renewable Energy Corp expects a nearly nine-fold increase in its solar installed capacity to about 2.56 gigawatts by 2026, Chief Executive Oliver Tan told Reuters in an interview on Wednesday. One of the Philippines’ largest solar power producers behind ACEN Corp, Citicore will add 1 GW of capacity …
Philippines’ Citicore expects nine-fold increase in solar capacity by 2026, CEO says Read More »
HONG KONG (Reuters) -Hong Kong’s retail sales by value rose by 2.4% in May from a year earlier, the first such increase in more than a year, government data showed on Wednesday. Sales increased to HK$31.3 billion ($3.99 billion) in May, compared with April when retail sales fell 2.3% compared with the same period a …
By John Revill ZURICH (Reuters) -ABB is launching three new families of factory robots designed specially for China, the Swiss engineering company said on Wednesday, as it aims to benefit from rising demand for automation among mid-sized companies. The machines will work in sectors like electronics, food and beverage, and metals, handling tasks like polishing …
ABB expands robot line-up for China to tap mid-sized customers Read More »
(Corrects spelling of MuseSteamer in paragraph 4) BEIJING (Reuters) -China’s Baidu on Wednesday launched an AI-driven video generator for businesses as well as a major upgrade to its search engine. The image-to-video model, called MuseSteamer, is capable of generating videos up to 10 seconds long and comes in three versions – Turbo, Pro and Lite. …
Baidu launches AI video generator, overhauls search features Read More »
By Joe Cash BEIJING (Reuters) -A prominent Chinese Communist Party publication called for a crackdown on competition that fuels price wars and squeezes profits in various industries, criticising large companies and local governments for unfair practices. In the most strongly-worded Communist Party warning yet on industrial overcapacity risks, the Qiushi article on Tuesday said price …
China Communist Party magazine calls for crackdown on price wars Read More »
By Trixie Yap SINGAPORE (Reuters) -Traders shipped the most jet fuel from Northeast Asia to Europe in almost a year in June as lower freight rates and ample Asian supplies spurred exports, according to shiptrackers and three trade sources, amid fears of a Middle East supply disruption. Some 350,000 metric tons (2.8 million barrels) of …
Northeast Asia sends the most jet fuel to Europe in nearly a year in June Read More »
By Nick Carey LONDON (Reuters) -Chinese automaker Geely said on Wednesday that it was launching its Geely brand in Britain and its first vehicle to go on sale in the country will be the electric EX5 SUV, which will go on sale in the fourth quarter. The automaker said in a statement that the EX5, …
China’s Geely launches in UK, first model to be electric EX5 SUV Read More »
JAKARTA (Reuters) -Indonesia plans to cut the duration of mining quotas back to one year from the current three years to improve governance in the sector and better control coal and ore supplies, mining minister Bahlil Lahadalia said on Wednesday. Resource-rich Indonesia extended the validity of mining production quotas, locally known as RKAB, to three …
Indonesia plans to cut mining quota period back to one year, minister says Read More »
