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German state politician calls for EU tariffs on Chinese hybrid cars, letter shows
12+ hour, 51+ min ago (162+ words) BERLIN, Aug 21 (Reuters) – Sebastian Lechner, the CDU state chairman of Lower Saxony, is calling for the European Union to quickly impose import tariffs on Chinese hybrid cars, a letter seen by Reuters on Friday showed. • “It is precisely these hybrids…...
China hunts for lunar ice in one of solar system’s coldest places
1+ day, 10+ hour ago (699+ words) By Ethan Wang, Shi Bu and Ryan Woo BEIJING, Aug 21 (Reuters) – China is poised to launch Chang’e-7, its most technologically complex lunar mission to date, in its search for frozen stores of water in permanently shadowed craters near the moon’s…...
Einride forecasts faster growth, adds 500 Tesla Semi trucks to fleet
3+ day, 23+ hour ago (306+ words) Aug 18 (Reuters) – Einride AB said it expects revenue growth rate to more than double in the second half of the year and announced a deal to add 500 Tesla Semi trucks to its fleet, sending its shares soaring 17% in premarket trading…...
Chinese humanoid robot maker Unitree powers up for stellar Shanghai debut
1+ week, 1+ day ago (652+ words) By Samuel Shen and Eduardo Baptista SHANGHAI/BEIJING, Aug 14 (Reuters) – China’s Unitree, the country’s most high-profile humanoid robot maker, is widely expected to have an explosive stock market debut in Shanghai next week. The only question is — how frenzied is…...
Corpay lifts annual forecasts, to sell non-core UK vehicle payments business
2+ week, 2+ day ago (235+ words) Aug 5 (Reuters) – Business payments platform Corpay raised its full-year forecasts and reported higher second-quarter profit on Wednesday, helped by continued growth in its corporate and vehicle payment divisions. Despite economic uncertainty and elevated interest rates, business spending held up through…...
Cost cuts help Mercedes stabilise profit but China woes loom
3+ week, 4+ day ago (480+ words) BERLIN, July 28 (Reuters) – Mercedes-Benz posted a higher profit in the second quarter helped by tough cost cuts, pushing its shares up on Tuesday, but intense Chinese competition dented the outlook for car sales and revenue. The results were a rare…...
German automakers hit by sharp China sales drop in second quarter
1+ mon, 1+ week ago (374+ words) BERLIN, July 10 (Reuters) – German carmakers’ sales collapsed further in China during the second quarter, as a protracted slowdown in the world’s biggest auto market cranked up the pressure on legacy brands in a bruising battle with local competitors. Volkswagen, Mercedes-Benz…...
Global EV demand rises again as Europe offsets China, U.S. weakness
1+ mon, 1+ week ago (137+ words) By Mathias de Rozario July 10 (Reuters) – Global demand for electric vehicles rose for a fourth straight month in June, driven by strong growth in Europe as sales weakened in China and North America, data from consultancy Benchmark Mineral Intelligence showed…...
From factory to tech frontier: China becomes legacy automakers’ innovation engine
1+ mon, 2+ week ago (982+ words) SHANGHAI, July 8 (Reuters) – In May, General Motors marked a rare milestone for a foreign automaker in China, selling more than 10,000 of its new Buick Electra E7 in the first month. While the nameplate is all-American, everything else about the car is…...
Tesla’s China-made EV sales rise 24.4% year on year in June
1+ mon, 2+ week ago (273+ words) BEIJING, July 2 (Reuters) – Tesla’s China-made electric vehicle sales rose for an eighth month in June, supported by an extended recovery in the U.S. automaker’s European sales. Deliveries of Model 3 and Model Y vehicles made in its Shanghai plant, which…...