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“There are clear signs of carmakers pushing EVs,” said Mike Tyndall, motor industry analyst at HSBC. “This was almost unthinkable at the start of the year.”
Brutal price war
In the UK, two-thirds of new EVs sold are on offer or have heavily discounted interest rates for financing, according to numbers from AutoTrader.
EV…
On Monday, Democratic Senator Joe Manchin requested the US Treasury to implement the “strictest possible standards” to exclude Chinese battery firms or minerals from receiving tax credits for electric vehicles.
The Senate Energy Committee’s chair, Senator Manchin, expressed concerns to Treasury Secretary Janet Yellen in a letter regarding rumours that Chinese battery companies are…
President Joe Biden is welcoming Pacific Rim friends to San Francisco this week. As part of his efforts to present a unified front against Beijing’s increasing influence, the US leader will also host a crucial summit with Chinese President Xi Jinping there.
US President Joe Biden to embrace Asia allies …
U.S. Treasury Secretary Janet Yellen on Monday said negotiations on the trade section of the Indo-Pacific Economic Framework will need further work, a setback for the Biden administration which had hoped to announce substantial outcomes this week. Yellen told a news conference there has been “very substantial progress” on three of the…
US president Joe Biden’s upcoming meeting with Chinese president Xi Jinping is expected to be the most important and consequential bilateral encounter this year. The South China Sea and Taiwan threats, meanwhile, continue to hover over the summit.
The course of events in the year since the two leaders’ previous meeting gives cautious…
As OpenAI’s inaugural developer conference displayed the astronomical pace of product development in U.S. high-tech firms, Chinese counterparts in the generative AI space are engaged in a competitive ‘arms race’ to secure funding and…
A hydrogen train developed by the Swiss firm Stadler Rail for the US market. Stadlerrail.com
read aloud pause
X
Swiss companies recognise the potential of green hydrogen and are pushing ahead with development. But without a government strategy, the Alpine state risks being left out of European plans to capitalise on this carbon-free fuel.
Once…
A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration/ Acquire Licensing Rights
BEIJING, Nov 13 (Reuters) – China finance ministry issued draft measures for how accounting firms in the country should manage data, the ministry said in a statement…
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A woman from the US…
In a development that can only be described as the pot calling the kettle black, Chinese chip manufacturer Yangtze Memory Technologies Co or YMTC has initiated legal proceedings against US rival Micron Technology, alleging the infringement of eight of its patents.
China cries foul: Country’s largest chipmaker YTMC sues Micron for…
