Chinese carmakers target more European sales with five-star EVs
Chinese electric vehicle (EV) makers have set their sights on winning over European drivers and large corporate customers with more affordable cars that come with top safety ratings and lots of high-tech features.
Exclusive: German economy ministry reviews measures to curb China business
Germany’s economy ministry is considering a raft of measures to make business with China less attractive as it seeks to reduce its dependency on Asia’s economic superpower, two people familiar with the matter told Reuters.
Korea’s SK invests $100 million in EV-focused startup Atom Power
Korea’s SK Inc (034730.KS) has invested $100 million in North Carolina startup Atom Power, which aims to upgrade the electric vehicle (EV) charging experience in the United States with new hardware and software, the companies said Thursday.
TomTom sticks with revenue and cashflow guidance, giving shares a boost
Dutch digital mapping group TomTom (TOM2.AS) on Friday confirmed its revenue and cashflow guidance for 2022 and 2023, boosting its shares, after reporting a bigger-than-expected second-quarter loss, citing high inflation and strained supply chains.
Germany’s gas crisis in charts: Pipeline repair, and then what?
The flow of gas from Russia to Germany through the Nord Stream 1 pipeline stopped on Monday as a planned 10-day maintenance period began. The question is: Will flows then resume?
EXCLUSIVE Investors warn European companies over climate accounting
Thirty-four investors managing more than $7 trillion in assets have warned 17 of Europe’s largest companies, including BP (BP.L) and Volkswagen (VOWG_p.DE), that they could challenge board directors over their accounting of climate risks.
EXCLUSIVE Tesla plans new Shanghai plant to more than double China capacity – sources
Tesla Inc (TSLA.O) plans to start work on a new plant in Shanghai as soon as next month as part of a plan to more than double production capacity in China to meet growing demand for its cars in the country and export markets, two people familiar with the matter told Reuters.
IBM spinoff Kyndryl signs ‘beachhead’ networking deal with Nokia
Kyndryl (KD.N), the former infrastructure services business of IBM (IBM.N), signed a deal with Nokia (NOKIA.HE) to help automate factories by bringing in cloud computing and artificial intelligence over wireless networks.
Volkswagen aims to double electric car sales in China this year after missing targets
Volkswagen AG (VOWG_p.DE) said it would likely double sales of its ID battery electric vehicles in China this year and aims to do even better but the automaker could be hamstrung by a shortage of semiconductors.
Toyota to launch its own automotive software platform by 2025 – Nikkei
Japanese automaker Toyota Motor Corp (7203.T) is planning to launch its own operating system, which would be capable of handling advanced operations such as autonomous driving, for its vehicles by 2025, Nikkei reported on Monday.
