News
Xi tells US CEOs accompanying Trump that China will open up more
3+ hour, 5+ min ago (488+ words) (May 14): Xi Jinping signalled China is moving towards greater openness, striking an upbeat note during his meeting with US business leaders accompanying Donald Trump as the two presidents wrapped up morning talks that featured more divisive issues like trade and…...
Perodua sees auto TIV hitting one million by 2030
2+ hour, 23+ min ago (204+ words) RAWANG (May 14): Perodua has projected Malaysia's automotive total industry volume (TIV) to be about one million by 2030. President and CEO Datuk Sri Zainal Abidin Ahmad said: "We think by 2030, 20% of the total volume will be electric vehicles (EVs) or XEV,…...
China's US$3 bil US clean tech exit is an investment warning
22+ hour, 6+ min ago (498+ words) (May 13): Renewable energy manufacturer Jinko Solar Co's recent decision to sell control of its Floridafacility extends a multi-billion retreat from the US by China's clean technology firms, as they contend with an increasingly hostile policy environment and the potential loss…...
Porsche SE urges VW business to overhaul as carmaker's struggles hit 1 Q profit
1+ day, 4+ hour ago (127+ words) (May 13): Porsche, the investment firm that controls Volkswagen, urged the German carmaker to fundamentally overhaul its business model on Wednesday as VW's struggles dragged down its first-quarter adjusted profit. The Stuttgart-based holding company posted adjusted profit after tax of 382 million…...
Total Energies, MK Land achieve financial close for Kulim solar project, to start construction works
1+ day, 8+ hour ago (147+ words) KUALA LUMPUR (May 13): French energy giant Total Energies and MK Land Holdings Bhd (KL: MKLAND) said they have achieved financial close for a solar project in Kulim, Kedah. The project financing facility of about RM145 million was arranged with BNP Paribas…...
Workers protest at VW-backed IAV Berlin against plans to cut 1, 400 jobs
1+ day, 7+ hour ago (293+ words) BERLIN (May 12): Hundreds of workers gathered outside the Berlin headquarters of Volkswagen-backed automotive technology company IAV on Tuesday to protest "plans to cut up to 1, 400 jobs, the latest flashpoint "in Germany's strained auto sector. The IG Metall union organised the…...
Opinion: Chinese cars on US roads is matter of when, not if
2+ day, 2+ hour ago (504+ words) While Taiwan and broader trade tensions are far more likely to "dominate the discussions, there have already been cracks in US'resolve, including from Trump "If they want to come in and build a plant and hire you and hire your…...
Malaysia's EV policy aimed at developing local automotive industry, not just protecting national carmakers, says deputy Miti minister
3+ day, 3+ hour ago (439+ words) KUALA LUMPUR (May 11): Malaysia's electric vehicle (EV) policy is focused on developing the local automotive industry, not just protecting national carmakers Proton and Perodua, Deputy Investment, Trade and Industry Minister Sim Tze Tzin said. The government is encouraging foreign EV…...
Europe invested 200 bil euros so far to boost EV sector, New Automotive data shows
2+ day, 23+ hour ago (370+ words) GDANSK (May 11): Countries of the European economic area and Switzerland have committed almost 200 billion euros (US$235 billion) of investments into their electric vehicle (EV) ecosystem, data from New Automotive showed on Monday. Investments were mainly focused on the battery supply…...
China green tech firms target new consumers hit by Iran war energy shock
3+ day, 11+ hour ago (691+ words) (May 11): China's clean technology titans, hungry for export markets to boost flagging profits, aren't letting a crisis go to waste. Manufacturers of electric vehicles, batteries and solar panels have been wooing nations looking to wean themselves off costly fuel imports…...