Showing 1 - 10 of 36
China floods the world with gasoline cars it can't sell at home
Reuters, Published on 02/12/2025
» WARSAW — China's electric vehicle (EV) industry captured half its domestic market in just a few years, crushing sales of gasoline-powered vehicles from once-dominant global automakers.
Musk's xAI lays off hundreds of data annotators
Reuters, Published on 13/09/2025
» BENGALURU — Elon Musk's xAI has laid off at least 500 workers from its data annotation team, which helps develop the company's Grok chatbot, Business Insider reported on Friday.
Panasonic to cut 10,000 employees
Reuters, Published on 09/05/2025
» TOKYO — Japan's Panasonic Holdings said on Friday it will cut 10,000 employees and expected to book structural reform costs of ¥130 billion (US$896.06 million) this business year as part of a continuing management reform push of its group.
Japan to court Tesla on Nissan investment
Reuters, Published on 21/02/2025
» TOKYO — A high-level Japanese group, which includes a former prime minister, has drawn up plans for Elon Musk's Tesla to invest in Nissan following the collapse of its merger talks with Honda Motor, the Financial Times reported on Friday.
Tesla's China sales rise to record high
Reuters, Published on 03/01/2025
» BEIJING — US electric vehicle (EV) maker Tesla said on Friday its sales rose 8.8% to a record high of more than 657,000 cars in 2024, a strong performance in a competitive market in a year when its annual global deliveries fell for the first time.
Musk sends $44 million more to back Trump
Reuters, Published on 25/10/2024
» WASHINGTON - Elon Musk gave about US$44 million to his pro-Donald Trump spending group during the first half of October, federal disclosures showed on Thursday, as the billionaire stepped up his efforts for the Republican candidate in the Nov 5 election.
Algerian Khelif defeats Thai rival amid gender dispute
Reuters, Published on 07/08/2024
» PARIS - Imane Khelif, the boxer at the centre of a gender dispute, beat Thailand's Janjaem Suwannapheng by unanimous decision in a welterweight semi-final fight at the Paris Olympics on Tuesday to progress to the women's final at Roland Garros.
Chinese automakers retain grip over Southeast Asia's EV market
Reuters, Published on 21/06/2024
» Electric vehicle (EV) sales are surging in Southeast Asia, led by China's BYD (Build Your Dreams) and Vietnam's VinFast, eating into the internal combustion engine car market dominated by Japanese and Korean firms, Counterpoint Research said on Friday.
EVs will be cheaper to produce by 2027
Reuters, Published on 07/03/2024
» BENGALURU - Battery electric vehicles (BEVs) will be, on average, cheaper to produce than a comparable internal combustion engine by 2027 thanks to new manufacturing methods that are lowering production costs, market research firm Gartner said on Thursday.
Musk: Chinese EV firms will 'demolish' rivals without trade barriers
Reuters, Published on 25/01/2024
» SAN FRANCISCO - Tesla CEO Elon Musk said on Wednesday Chinese automakers will "demolish" global rivals without trade barriers, underscoring the heat the United States electric vehicle (EV) market leader faces from the likes of BYD (Build Your Dreams), who are racing to expand worldwide.