Reuters Asia Business

By Abhirup Roy SAN FRANCISCO (Reuters) – Tesla investors had pinned their hopes on a refresh of the company’s flagship compact SUV to reinvigorate sales. But rock-bottom financing deals for the Model Y and its easy availability suggest that this expectation is unrealistic.   The electric vehicle maker is offering financing deals as low as 0% …

Analysis-Tesla’s refresh to best-selling Model Y SUV starts on rocky road Read More »

(Reuters) – The Trump administration is weighing a deal that would allow the UAE to import more than a million advanced Nvidia chips, a quantity that far exceeds limits under Biden-era AI chip regulations, Bloomberg News reported on Tuesday. The deal, which is still being negotiated and could change, would let the UAE import 500,000 …

US weighs letting UAE buy over a million advanced Nvidia chips, Bloomberg News reports Read More »

By Ella Cao and Eduardo Baptista BEIJING (Reuters) -Brazil signed protocols with China on Tuesday to allow exports of an ethanol by-product used in animal feed, challenging U.S. dominance in the market amid the ongoing China-U.S. trade standoff. The deal, outlined in a Brazilian government document viewed by Reuters, underscores Brazil’s push to strengthen agricultural …

China to allow Brazil’s ethanol by-product amid Lula visit, US-China trade war Read More »

By Kritika Lamba and Liam Mo (Reuters) -Tencent Music Entertainment surpassed first-quarter revenue expectations on Tuesday on the back of strong subscriber growth in its online music services, particularly in its long-form audio content. The Chinese music streaming giant has heavily invested in long-form content, like podcasts and audiobooks, as part of its bet on …

Tencent Music’s quarterly revenue jumps on strong subscriber growth Read More »

By Daniel Leussink YOKOHAMA, Japan (Reuters) – Nissan Motor unveiled sweeping new cost cuts on Tuesday, saying it would eliminate 11,000 more jobs and close 7 plants, capping a tumultuous year that has left the Japanese automaker fighting to turn itself around. Nissan, which held off on releasing estimates for the financial year just starting, …

Nissan cut plants and workers as new CEO Espinosa takes axe to costs Read More »

By Kalea Hall DETROIT (Reuters) -General Motors and battery partner LG Energy Solution are planning to start commercial production of lower-cost cells for future electric vehicles at a U.S. facility starting in 2028, the companies said on Tuesday.  The cells will have a lithium manganese-rich (LMR) chemistry, which GM says is lower cost than the …

GM, LG to make new, lower-cost cells for future EVs Read More »

By Sophie Yu and Deborah Mary Sophia (Reuters) – Chinese e-commerce retailer JD.com topped market estimates for quarterly revenue on Tuesday, in a sign of steady demand even as U.S. tariffs and prolonged economic weakness weighed on consumer sentiment. Consumer demand in China has faced a series of hurdles in recent years, with a prolonged …

China’s JD.com tops quarterly revenue estimates as consumer demand holds up Read More »