As it moves on with its expansion in the region, China’s SAIC Motor announced on Tuesday that it is deciding on a location for a plant to be built there to make electric vehicles. The Chinese partner of Volkswagen and General Motors said it sold 530,000 units overseas in the first quarter, up 40% from…
According to data from the China Passenger Car Association (CPCA), as the competition for market share intensifies, American manufacturer Tesla and its main Chinese rival BYD both had record deliveries of their China-made vehicles in the second quarter. In June, Tesla sold 93,680 electric cars (EVs) built in China, an increase of 18.72% from the…
Tuesday saw the announcement of two contracts worth a combined $897 million by Samsung Biologics, a South Korean company, to produce goods for Pfizer. As a result of the most recent agreements, the Samsung Group’s biotech division will create biosimilar goods in South Korea at its new Plant 4 up until 2029, covering everything from…
According to court documents, an Australian project management company has sued Twitter Inc. in a U.S. court for allegedly failing to pay bills for work completed in four different nations totaling around A$1 million ($665,000). On June 29, a Sydney-based private firm named Facilitate Corp filed a lawsuit in the United States District Court for…
As price reductions and U.S. tax subsidies helped make its electric vehicles more accessible, Tesla Inc. said on Sunday that it delivered a record number of vehicles in the second quarter, exceeding market expectations. The Elon Musk-led company delivered 466,140 vehicles from April to June, an increase of 83% from a year earlier and 10%…
According to analysts, Tesla is on track to have another record quarter for sales in China despite growing pressure from domestic rivals like BYD who are cutting into its market share in the largest car market in the world. According to projections made by Shi Ji, an analyst with China Merchants Bank International Securities, the…
Powered by demand for its memory chips from the quickly expanding artificial intelligence sector and an alleviating supply glut in its conventional PC and smartphone industries, Micron Technology outperformed expectations for third-quarter results on Wednesday. After the bell, shares of the corporation increased by more than 2%. They have profited 34% this year on predictions…
In order to make it simpler to maintain electric vehicles on the road and profit from an expanding range of services related to greener mobility, Stellantis established a “Charging & Energy” business unit on Tuesday. By the end of this year, the unit will offer a platform called Free2move Charge that will give customers access…
The latest indication that the sector is banking on long-term robust travel demand following the pandemic is Accor’s announcement on Tuesday that it aims to open more than 1,200 hotels in the next five years, more than doubling the number of its resorts. The largest hotel chain in Europe also announced that it will increase…
The rise in interest rates has made negotiations with potential buyers more difficult, which is impeding Assicurazioni Generali’s ambitions to sell up to 20 billion euros ($21.87 billion) in insurance liabilities, according to three people with knowledge of the situation. In order to raise capital, the Italian insurer started a procedure late last year to…
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