Reuters Asia Business

Honda aims to double hybrid car sales by 2030 as ‘bridge’ to EV era

17 Dec 2024

TOKYO (Reuters) – Honda Motor aims to double its global hybrid car sales to 1.3 million vehicles annually by 2030 from 2023 levels, providing a “bridge” until fully electric vehicles become more widespread, the Japanese automaker said on Wednesday. From 2026, Honda will start to install new, more fuel-efficient hybrid systems for compact and mid-sized …

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Canada to impose more tariffs on Chinese imports in new year

17 Dec 2024

By Promit Mukherjee OTTAWA (Reuters) – Canada plans to impose tariffs on a slew of Chinese products from as early as next year, the government’s fiscal update showed, as part of its wider investigation into imports from the country. Prime Minister Justin Trudeau’s government has already slapped a 100% tariff on all Chinese electric vehicles …

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Russia sells stakes in some Kazakh uranium deposits to China

17 Dec 2024

MOSCOW (Reuters) -Kazakhstan’s nuclear resources company Kazatomprom said on Tuesday that Russia’s Rosatom was selling its stakes in some uranium deposits which the two groups had been developing together to Chinese-owned companies. Kazatomprom, listed in London and Kazakhstan, is the world’s largest producer of uranium and has the largest reserve base. It accounted for 20% …

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Indonesia anti-graft body searches central bank’s headquarters

17 Dec 2024

By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) -Indonesia’s anti-graft agency raided the headquarters of the central bank in Jakarta on Monday in relation to a probe into alleged mishandling of a corporate social responsibility programme, the agency and the central bank said. The office of Bank Indonesia (BI) Governor Perry Warjiyo was among those …

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US finalizes $406 million chips subsidy for Taiwan’s GlobalWafers​

17 Dec 2024

By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said on Tuesday it has finalized $406 million in government grants to Taiwan’s GlobalWafers to significantly increase production of silicon wafers in the United States. The funds for projects in Texas and Missouri will establish the first high-volume U.S. production of 300-mm wafers for advanced semiconductors …

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Exclusive-LG Energy Solution, India’s JSW discuss $1.5 billion battery venture, sources say

17 Dec 2024

By Aditi Shah and Neha Arora NEW DELHI (Reuters) – South Korea’s LG Energy Solution is in talks with India’s JSW Energy to manufacture batteries for electric vehicles and renewable energy storage in a joint venture that would need an investment of over $1.5 billion, two sources told Reuters. The two companies have signed an …

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Walmart teams up with delivery firm Meituan in bid to boost China e-commerce sales

17 Dec 2024

By Casey Hall SHANGHAI (Reuters) -Walmart said on Tuesday it had formed a strategic partnership with Meituan under which the Chinese firm has begun providing delivery services for Walmart goods and the U.S. company will be featured on its popular app. The move will help Walmart accelerate its e-commerce business in China, which accounts for …

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Taiwan says it will encourage firms to build more robotics, drones locally

17 Dec 2024

TAIPEI (Reuters) – Taiwan is introducing a new initiative called “Chips Team Taiwan” that will encourage Taiwanese companies to build more satellites, drones and robotics locally, its technology and science minister said on Tuesday. Wu Cheng-wen said Taiwan’s defence needs were growing and this would create local demand for such products from the island’s chip …

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Bangladesh’s electricity imports from Adani plant slide by a third in November

17 Dec 2024

By Sudarshan Varadhan SINGAPORE (Reuters) – Bangladesh’s electricity imports from an Adani Power plant in India fell by nearly a third in November, Indian government data showed, pushing the south Asian nation to boost fuel oil use for power generation. Adani abruptly slashed supply to Bangladesh from its 1,600 megawatt power plant in Jharkhand state …

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