Focus on Business
US Gulf of Maine offshore wind auction poses test for beleaguered industry
Biden's administration to launch sale of offshore wind rights off northern New England, testing industry interest after setbacks.
World’s first green energy island sails into cost storm
Belgium's energy island project for offshore wind faces costs soaring to seven billion euros, sparking calls to halt amid political pushback.
China power demand growing faster than expected in 2024, industry association says
The China Electricity Council now sees 2024 electricity consumption growing by seven per cent to 9.9 trillion kilowatt-hours.
Apple supplier TDK partners with McLaren Racing in EV push
TDK partners with McLaren Racing in Formula E electric motor racing as the manufacturer targets expansion in the electric vehicle sector.
Biden proposal would ‘effectively prohibit’ sale of Polestar cars in US, automaker says
Polestar stated that a proposed Biden rule banning Chinese vehicle tech would "effectively prohibit" its sales in the US.
NextEra plans to raise $1.5 billion to fund energy projects
Utility firm NextEra Energy said on Monday it intends to raise $1.5 billion through the sale of equity units to fund new projects.
Automaker Ford weakens profit outlook, shares fall
Ford Motor expects to meet only the lower end of its profit guidance, forecasting $10 billion in earnings, as shares drop five per...
Toyota, NTT to make $3.3 billion R&D investment for AI self-driving, Nikkei reports
Toyota and NTT will invest $3.26 billion to develop AI software for self-driving cars, aiming for a working system by 2028.
Mexico raises concerns about US plan to bar Chinese vehicle software, hardware
Mexico warns the U.S. that restricting Chinese tech in connected vehicles could disrupt supply chains, raise costs, and impact jobs.
