Monday, 28 April 2025

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Ottawa says it has approved Teck Resources Ltd.'s sale of a majority stake in its steelmaking coal business to Swiss commodities giant Glencore. The Teck Resources logo is seen on a podium before the company's special meeting of shareholders, in Vancouver, B.C., Wednesday, April 26, 2023. THE CANADIAN PRESS/Darryl Dyck
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Ottawa approves sale of Teck’s steelmaking coal business to Glencore

Ottawa says it has approved Teck Resources sale of a majority stake in its steelmaking coal business to Swiss commodities giant Glencore.

FILE PHOTO: A general view of visitors looking at models from BYD, a Chinese automobile manufacturer, during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 4, 2023. REUTERS/Leonhard Simon/File Photo
AutomotiveBusinessClimateEconomyElectric Vehicles (EVs)IndustryManufacturingNewsPoliticsTrade

China steps up pressure with EU brandy probe hearing as EV tariffs begin

China has repeatedly called on the European Union to cancel its tariffs, expressing a willingness to negotiate.

China's BYD opens its first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market, in Rayong, Thailand, July 4, 2024. REUTERS/Chalinee Thirasupa
BusinessElectric Vehicles (EVs)IndustryManufacturingNews

China’s BYD opens EV factory in Thailand, first in Southeast Asia

The facility is worth $490 million and will have a production capacity of 150,000 vehicles per year.

FILE PHOTO: Nissan Motor's electric vehicle (EV) model Sakura is being charged at a charging station in Yokohama, Japan, November 3, 2023. REUTERS/Kim Kyung-Hoon/File Photo
BusinessElectric Vehicles (EVs)IndustryManufacturingNews

Nissan, Honda consider partnering on software, charging infrastructure: Nikkei

The automakers are looking to jointly develop the operating system that controls cars in a bid to bring down costs.

Eramet CEO Christel Bories said the plant would produce up to 24,000 tons of battery-grade lithium carbonate per year at full capacity (AFP)
Critical MineralsElectric Vehicles (EVs)IndustryManufacturingMineralsNews

New lithium plant inaugurated in Argentina

The plant is expected to produce up to 24,000 tons of battery-grade lithium carbonate per year at full capacity — enough for 600,000...

FILE PHOTO: The Fisker logo is shown on the back of a Fisker Ocean electric SUV vehicle at one of the company’s sales, service ands delivery centers in Vista, California, U.S., May 22, 2024. REUTERS/Mike Blake/File Photo
BusinessCourtsElectric Vehicles (EVs)FinanceManufacturingNews

Fisker seeks judge’s approval to sell Ocean EVs at $14,000 per SUV

Following the judge's nod, Fisker will be able to offload 3,321 EVs to New York-based American Lease for $46.25 million.

Workers walk past a stack of battery units after the launching of Indonesia's first battery cell production plant for electric vehicles with an annual capacity of 10 Gigawatt hours (GWh) of battery cells at HLI Green Power, a joint venture between South Korea's Hyundai Motor Group and LG Energy Solution (LGES), in Karawang, West Java province, Indonesia, July 3, 2024. REUTERS/Ajeng Dinar Ulfiana
BusinessCritical MineralsEfficiencyElectric Vehicles (EVs)ManufacturingNews

Hyundai Motor, LG Energy Solution launch Indonesia’s first EV battery plant

The plant is part of a commitment by Hyundai Motor and LGES to invest up to $9.8 billion in Southeast Asia's largest economy...

FILE PHOTO: Tesla's Model 3 is displayed during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 4, 2023. REUTERS/Angelika Warmuth/File Photo
AnalysisBusinessElectric Vehicles (EVs)In-DepthManufacturing

Analysis: Rough road ahead for US EV makers despite upbeat quarterly sales

Demand for EVs has grown more slowly than expected due to high borrowing costs, economic uncertainty and consumer preference for gasoline-electric hybrids.

FILE PHOTO: A view shows a second-generation R1S at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  REUTERS/Joel Angel Juarez/File Photo
BusinessElectric Vehicles (EVs)IndustryManufacturingNews

Rivian says no plans to produce vehicles with VW after media report on early talks

Rivian denied a media report on Tuesday that said the U.S. electric vehicle company was in early talks with Volkswagen to extend their...

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