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…

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…

Meta, the company that owns Facebook, has started a virtual reality (VR) subscription service in an effort to turn that area of its operations profitable. According to Meta, subscribers will have access to two new games each month. The VR division of Instagram’s parent firm lost $4 billion (£3.1 billion) in the first three months…

After initial intentions for a stock market listing were postponed earlier in the year, Swiss skincare company Galderma raised nearly $1 billion through a private placement of shares. The freshly issued shares have been partially absorbed by management and shareholders, with the remaining shares going to unidentified external investors, according to a statement from the…

The biggest action the nation has taken to far against such content came from Malaysia, which announced on Friday that it would sue Facebook parent company Meta Platforms for failing to remove “undesirable” posts. Since taking office in November following a highly contested election in the Southeast Asian country that contributed to an increase in…

In light of the excitement surrounding developments in artificial intelligence, SoftBank Group CEO Masayoshi Son announced on Wednesday that his tech investing conglomerate intends to change its posture and go into “offence mode.” The group had taken a defensive position and was reducing investment activities as its investing arm, the Vision Fund, recorded significant investment…