(Reuters) – Japan’s Toyota Motor has reportedly slashed its electric vehicle production plans for 2026 by a third, the latest automaker to roll back EV plans amid slowing demand. The global sales of EVs – either fully electric or plug-in hybrid – rose 20% in the first half of 2024, slower than expected, data from …
Factbox-Carmakers adjust electrification plans as EV demand slows Read More »
By Scott Murdoch and Kane Wu (Reuters) -Canada’s Alimentation Couche-Tard said it was willing to engage in confidential discussions with Japanese retail giant Seven & i Holdings on its $38.5 billion takeover offer, as it remains keen on pursuing a buyout. Shares in 7-Eleven convenience store owner Seven & i closed 2.4% higher in Tokyo …
Couche-Tard asks 7-Eleven owner for talks after $38.5 billion offer rejected Read More »
BEIJING (Reuters) – Chinese tech giant Huawei has garnered more than 3 million pre-orders for its triple-folding smartphone, its website showed on Monday, which comes just hours before Apple’s debut of its new generation of iPhones. Huawei’s Mate XT, a Z-shaped tri-fold phone is scheduled to be unveiled at a launch event on Tuesday, as …
Huawei racks up 3 million pre-orders for tri-fold phone before Apple’s iPhone 16 reveal Read More »
BEIJING (Reuters) -Passenger vehicle sales in China fell in August for the fifth straight month, industry data showed on Monday, though sales of all-electric and plug-in hybrid models rose, helped by subsidies for drivers trading in more polluting vehicles. Sales fell 1.1% from the same month a year earlier to 1.92 million vehicles, data from …
TAIPEI (Reuters) – Taiwan’s exports rose more than expected in August to an all-time monthly high of nearly $44 billion, as growing demand for chips to supply the burgeoning Artificial Intelligence (AI) industry overcame headwinds caused by anaemic demand from China. Exports rose 16.8% on the year to a record $43.64 billion, the finance ministry …
Taiwan exports hit record in August on AI, U.S. reaches record again Read More »
By Daniel Leussink and Maki Shiraki KINOKAWA, Japan (Reuters) -Japanese Tesla supplier Panasonic Energy has finalised preparations for the mass-production of its high-capacity electric-vehicle batteries, the company said on Monday, as it seeks to start supplying the cell to automakers. Panasonic Energy’s renovated plant in the western prefecture of Wakayama will serve as the main …
Tesla-supplier Panasonic Energy prepares for high-capacity EV battery production Read More »
JAKARTA (Reuters) – Indonesia’s tourist resort island of Bali has proposed a ban lasting a year or two on the construction of hotels, villas and nightclubs in some areas, as it grapples with the problem of over-development of land, its governor told media. The plan has been suggested to the central government, which wants to …
Indonesia’s Bali wants to ban building of hotels, villas, media say Read More »
BEIJING (Reuters) -China announced on Monday the start of a one-year anti-dumping investigation into imports of rapeseed from Canada, just weeks before Ottawa’s 100% tariffs on Chinese-made electric vehicles and other products come into force. The inquiry will examine imports from Jan. 1 to Dec. 31, 2023, the commerce ministry said in a statement, adding …
China begins anti-dumping probe into Canadian rapeseed ahead of EV tariff Read More »
BEIJING (Reuters) – NetEase Games on Monday released specific dates and time slots during which Chinese children will be permitted to play its video games during the upcoming Mid-Autumn Festival and National Day holidays. Children will not be allowed to access its games on Sept. 14, 29 and Oct. 12, the company said in a …
NetEase releases gaming limits for children for upcoming holidays Read More »
BANGKOK (Reuters) – Thailand will distribute 145 billion baht ($4.2 billion) of its “digital wallet” handout programme earlier than scheduled to support vulnerable groups, a deputy finance minister said on Monday, stressing the need for short-term economic stimulus. In remarks during a budget debate in the Senate, Julapun Amornvivat said the government has prepared 450 …
Thailand to distribute first $4.2 billion of handout scheme starting this month Read More »
