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Tesla eyes Indian market with potential $3b investment
Elon Musk, CEO of Tesla, plans to invest $2-$3 billion in India, which could significantly impact the country's…
VW, Xpeng team up to develop affordable EVs for China
Volkswagen (VW) announced a collaboration with Chinese electric carmaker Xpeng to develop a new electrical…
Honda unveils new EV brand in China by ’27
Honda Motor outlined an ambitious plan to launch six next-generation EVs under the new "Ye" brand by 2027 in China,…
Tesla global job cuts reach US, China
Tesla confirmed a major global workforce reduction, impacting employees in sales, technology, and engineering…
US awards Samsung $6.4b chips grant for Texas project
The Biden administration will award $6.4 billion in grants to South Korea’s Samsung to expand chip production in…
Samsung Elec. initiates $330m block sale of shares
Samsung Electronics offered about 5.25 million of its shares in a block deal valued at up to $330 million.
China’s c. bank plans $70b re-lending programme
The People’s Bank of China (PBC) will set up a 500 billion-yuan ($70 billion) re-lending program to support the…
China’s Huawei plans dividends of $10.65b
Huawei Investment & Holding Co. in China plans to distribute shareholder dividends of 77.095 billion yuan…
Xiaomi’s stocks soars after launching 1st EV
Xiaomi's stock surged 16 per cent on Tuesday after the launch of its new electric vehicle, despite forecasts of…
Japan approves extra $3.9b in aid to chip startup Rapidus
Japan's industry ministry approved subsidies of up to 590 billion yen ($3.9 billion) for chip foundry venture…
