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News
Unitree emerges as symbol of Beijing's embodied AI ambitions
2+ hour, 40+ min ago (719+ words) BEIJING — Chinese robotics maker Unitree has priced its initial public offering (IPO) in Shanghai at 150.80 yuan per share, or around Rp403,000. The company is targeting proceeds of 6.1 billion yuan, or around Rp16.3 trillion, which would make it the first humanoid robot maker…...
Wood Mackenzie: 3 economic factors could drive electric vehicle growth
1+ day, 20+ min ago (499+ words) JAKARTA - Three global economic shifts could accelerate the growth of electric vehicles (EVs), while reducing oil demand and increasing the need for critical metals, according to a report by Wood Mackenzie. As reported by Reuters, WoodMac identified three key factors…...
Prabowo asks banks to cut rates and waive DP for electric motorcycle
1+ day, 16+ hour ago (265+ words) JAKARTA – President Prabowo Subianto has asked banks in Indonesia to lower installment interest rates and waive down payments (DP) on loans to accelerate the transition to electric vehicles. He made the statement during the inauguration of the National Electric Motorcycle…...
CATL’s China lithium mine has yet to resume operations
6+ day, 15+ hour ago (229+ words) BEIJING – The lithium mine owned by Contemporary Amperex Technology Co. Ltd. (CATL) in Yichun, Jiangxi province, China, remains under maintenance and has yet to resume operations. Shanghai Securities News reported, citing the Yifeng County Ecology and Environment Bureau, that there…...
Tesla considers shedding China business ahead of SpaceX merger
1+ week, 2+ day ago (635+ words) JAKARTA - Discussion over separating Tesla's China business has returned to the spotlight amid speculation over a potential merger with SpaceX. Although Tesla chief executive Elon Musk has denied that any formal discussions have taken place, analysts believe such a move…...
US minerals industry not ready to meet Trump's targets
2+ week, 4+ day ago (432+ words) WASHINGTON — US President Donald Trump's goal of ending Washington's reliance on critical minerals from China by January 2027 faces significant challenges, with the country's mining and mineral processing industries widely seen as unprepared to meet domestic demand. According to Reuters, since…...
Airlangga: EV incentives to be linked to national vehicle development
2+ week, 3+ day ago (338+ words) JAKARTA - The government plans to link electric vehicle (EV) incentives to its national electric car and motorcycle development programme as part of a strategy to strengthen the domestic electric automotive industry. Co-ordinating Minister for Economic Affairs Airlangga Hartarto said the…...
Study: EV prices in Germany fall despite rising costs
3+ week, 4+ day ago (297+ words) GDANSK - Battery electric vehicle (BEV) models in Germany became more affordable between 2020 and 2025, even though the average price of electric vehicles increased. According to Reuters, the findings are based on research by the International Council on Clean Transportation (ICCT) and…...
Following Tesla’s trend, Ferrari and BMW switch to aluminium cables
1+ mon, 2+ week ago (508+ words) LONDON - Ferrari and BMW have begun launching new models that use lightweight and cost-efficient aluminium cables, accelerating a shift away from copper, which has been the primary material in electrical systems for the past two centuries. The move follows Tesla…...
XPENG takes over 90.1% of Erajaya Group’s EV manufacturing entity
2+ mon, 3+ week ago (348+ words) JAKARTA - PT Sinar Eka Selaras Tbk (ERAL), a subsidiary of PT Erajaya Swasembada Tbk (ERAA), announced that Chinese electric vehicle manufacturer XPENG has taken control of the majority stake in its subsidiary, PT Era Industri Otomotif (EIDO). Previously, EIDO’s shareholders…...