Reuters Asia Business

By Eduardo Baptista and Toby Sterling BEIJING/AMSTERDAM (Reuters) -China’s Wingtech said on Thursday that its control over Netherlands-based Nexperia must be restored, a day after the Dutch government suspended its seizure of the chipmaker that has been at the centre of a global supply chain crisis. Despite the suspension, which China’s commerce ministry welcomed on …

China’s Wingtech says its control over Nexperia must be restored Read More »

(Reuters) -SoftBank plans to invest up to $3 billion to overhaul an electric vehicle facility in Lordstown, Ohio, which will produce equipment for OpenAI’s forthcoming data centers after being remodeled, The Information reported on Thursday. The plant will manufacture equipment for data centers in Milam County, Texas, and other locations, the report said, as the …

SoftBank to invest $3 billion in Ohio factory for OpenAI data center, The Information reports Read More »

BEIJING (Reuters) -Chinese Commerce Minister Wang Wentao urged efforts to “manage uncertainties” in trade relations with the United States in a meeting with U.S. ambassador to China David Perdue in Beijing on Thursday, the Chinese ministry said. Wang said the two countries should foster the “correct understanding” that they must coexist and can achieve win-win …

China’s commerce minister calls for managing trade ‘uncertainties’ in talks with US ambassador Read More »

BEIJING (Reuters) -China called for practical actions from the Dutch government to resolve a dispute over chipmaker Nexperia and to help affected companies, China’s commerce minister said on Thursday. Minister Wang Wentao made the remark during a video call with Britain’s Secretary of State for Business and Trade Peter Kyle, held at the latter’s request, …

China urges ‘practical actions’ from Dutch government to resolve Nexperia dispute Read More »

By Maria Martinez and Philip Blenkinsop BEIJING/BRUSSELS (Reuters) -The European Union will set out next month how it will square up to increased geopolitical challenges from Beijing and others amid signs its largest member Germany, once a brake on tougher measures against China, is having a rethink. In an economic security doctrine to be unveiled …

Analysis-EU to toughen trade stance on China as Germany pivots Read More »

BERLIN (Reuters) -Mercedes-Benz is “not naive” in China where the German carmaker faces a tough couple of years and is battling to maintain its market share amid intense competition from local brands, CEO Ola Kaellenius said on Thursday. While the executive expected consolidation in the Chinese market, where Mercedes faces competition from over 100 carmakers, …

CEO says Mercedes ‘not naive’ on China with tough years ahead Read More »

-Valeo “respects” Renault’s decision to launch a discussion with a Chinese supplier for its next generation rare earths free motor, Xavier Dupont, the head of its power division said during a presentation to investors. Renault said in late 2023 it was working with Valeo on a new, more powerful and more compact EV motor without rare …

Valeo “respects” Renault’s discussions with a Chinese supplier for its rare earths free motor – Valeo executive Read More »