Showing 1 - 10 of 1,120
Elon Musk’s fortune tops $500 billion
Published on 02/10/2025
» Tesla CEO Elon Musk on Wednesday became the first person ever to achieve a net worth of $500 billion, propelled by a rebound in the EV company’s shares and surging valuations of the tech entrepreneur’s other companies.
Chinese carmaker BYD cuts prices amid falling sales at home
Published on 25/09/2025
» BEIJING — Chinese electric vehicle (EV) giant BYD (Build Your Dreams) is offering 10,000 yuan (US$1,403.80) discounts on some variants of its second-generation Qin Plus sedans until the end of 2025, the company said in a social media post on Thursday.
Malaysian carmaker Proton launches first EV plant
Reuters, Published on 04/09/2025
» KUALA LUMPUR — Malaysian automaker Proton launched its first electric vehicle assembly plant on Thursday, as the Southeast Asian nation looks to boost development of its electric vehicle (EV) industry.
Luxury carmaker Lotus to slash UK jobs amid US tariffs
AFP, Published on 29/08/2025
» LONDON — Chinese-owned luxury carmaker Lotus said Thursday that it planned to cut up to 550 UK jobs, in part over uncertainty caused by US President Donald Trump's tariffs.
Carmakers still wary of Northvolt revival
Published on 26/08/2025
» STOCKHOLM — Silicon Valley start-up Lyten will need to convince carmakers it can succeed where bankrupt Swedish electric vehicle (EV) battery maker Northvolt failed -- creating a European champion to reduce the region's reliance on China.
Japan rally paces region as trade worries ease
Business, Published on 09/08/2025
» RECAP: Most Asian stock markets gained on Friday, led by a rally in Japanese shares amid signs of easing trade tensions with the US, and optimism that Tokyo will be able to negotiate lower automobile tariff rates with Washington.
Chinese carmakers reduce discounts after Beijing's warning, but no end in sight to price war
Published on 08/08/2025
» Chinese carmakers have refrained from offering steep discounts to align with Beijing's efforts to protect a vital industry, but an end to the prolonged price war remains elusive, as the sector grapples with overcapacity and weak consumer demand for high-ticket items.
Traders cautious as US tariff deadline nears
Business, Published on 05/07/2025
» RECAP: Asian investors turned cautious on Friday as the July 9 deadline to avert steep US tariffs approached with very few trade deals concluded. President Donald Trump indicated that dozens of trading partners could simply get letters next week informing them of their rates.
China's intense EV rivalry tests Thailand's local production goals
Published on 04/07/2025
» Hyper-competition in China's electric vehicle sector is spilling over to its biggest market in Asia, Thailand, as smaller players struggle to compete with dominant BYD, putting ambitious local production plans at risk.
The original desktop computer
Life, Kanokporn Chanasongkram, Published on 04/07/2025
» Revisiting the golden age of the desk clock, Patek Philippe has reinvented a historic model that belonged to American carmaker James Ward Packard.