Li Auto’s electric minivan was displayed at a trade show.VCG/Getty Images Li Auto workers are facing layoffs or minimum wage due to weak electric vehicle sales. China’s auto sector is struggling with overproduction, impacting domestic and international markets. Western concerns over subsidies and overcapacity add pressure as Chinese EV makers seek new markets. As China […]
(Reuters) – Japan and the Association of Southeast Asian Nations (ASEAN) plan to create their first joint strategy on automobile production and sales within the Southeast Asian bloc to counter China’s increasing presence in the electric vehicle market, Nikkei newspaper reported on Monday. The aim is to draw up an interim joint strategy through around […]
(Reuters) -SoftBank Group’s Arm Holdings plans to develop artificial-intelligence (AI) chips, seeking to launch the first products in 2025, Nikkei Asia reported on Sunday. UK-based Arm will set up an AI chip division and aim to build a prototype by spring 2025, the report said. Mass production will be handled by contract manufacturers and is […]
HONG KONG (AP) — Asian stocks tumbled Friday, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights. Tensions in the Middle East were weighing on sentiment across the region, and U.S. futures were sharply lower. Oil prices jumped as the state-run IRNA news agency reported that Iran fired air […]
(Reuters) -Alphabet Inc’s Google has told suppliers to start making its Pixel smartphones in India by next quarter at the earliest, as part of its plan to ship more than 10 million Pixel phones this year, the Nikkei newspaper reported on Thursday. Google would start manufacturing smartphones in India and its flagship Pixel 8 will […]
(Reuters) -Alphabet Inc’s Google has told suppliers to start making its Pixel smartphones in India by next quarter at the earliest, as part of its plan to ship more than 10 million Pixel phones this year, the Nikkei newspaper reported on Thursday. Google would start manufacturing smartphones in India and its flagship Pixel 8 will […]