Focus on Manufacturing
China’s BYD plans car plant in Karachi as part of Pakistan entry
BYD is the first major new electric vehicle entrant in the Pakistani market, where there is a lack of charging infrastructure.
EV maker Rivian halts production of Amazon delivery vans amid parts shortage
Rivian has temporarily suspended production of its commercial delivery vans used by retail giant Amazon.com due to a shortage of parts
Stellantis shareholders sue automaker in US after disappointing earnings
Stellantis faces a lawsuit from shareholders alleging it concealed inventory issues, causing its stock to plummet after weak earnings.
Applied Materials forecasts quarterly revenue above estimates on AI-driven demand
Applied Materials forecast fourth-quarter revenue above Wall Street estimates on Thursday, anticipating a surge in AI-fueled demand for its chip-making equipment.
Businesses share £7.2m in grants to boost decarbonisation
The latest round of funding has been awarded to nine businesses, including food and drink manufacturers and timber pallet processing.
Mercedes-Benz Korea discloses EV battery makers after fire
The August 1 fire damaged hundreds of vehicles and created a national panic amid growing calls for transparency on battery supply chains.
Volkswagen delays launch of Trinity EV further, source says
The German automaker had been due to release the new ID.4 under the Trinity project using its new SSP platform.
Chinese robotaxi firm WeRide eyes up to $5 billion valuation in US IPO
WeRide is offering 6.45 million American depositary shares at a price range of $15.50 and $18.50 per share.
India’s Mahindra seeks nod for $3 billion Shaanxi JV, sources say
Automaker Mahindra & Mahindra and China's Shaanxi Automobile Group have agreed to set up a $3bn JV to build a car manufacturing plant...
India’s Ola Electric surges 20% on debut on EV optimism
Ola Electric's shares surged 20% on their Mumbai debut, valuing the company at $4.8B, as investors bet on India's growing EV market.
