Focus on Industry
US reaches preliminary deal with Bosch for $225 million in chip grants
The funding will support Bosch’s planned $1.9 billion investment to transform its manufacturing facility in Roseville, California.
China’s CATL offers suppliers financial support to drive battery innovation
CATL has extended its leadership in EV batteries with a global market share of 36.8% in the first 10 months of the year.
Brazilian miner Vale invests in US startup as part of decarbonization push
Vale Ventures invested in Electrified Thermal Solutions, which develops fossil fuel-free heating tech to cut emissions in industry.
China’s Nio, behind on growth targets, aims to tighten cost control
The company has had 30-40% growth in the last three years — but that was not satisfactory for its CEO.
US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products
Tariffs on Chinese-made solar wafers and polysilicon will rise to 50% and duties on certain tungsten products will increase to 25%.
Wall Street mostly upbeat on GM’s decision to pull the plug on Cruise
GM's Cruise shutdown signals Wall Street's waning patience with autonomous vehicle investments and speculative tech bets.
EPA awards $144 million to California to phase out big diesel trucks
EPA grants $144M to CA for zero-emission trucks, targeting diesel pollution and climate change in transportation sector.
U.S. cobalt miner to Trump: use tariffs as ‘scalpel’ not ‘sledgehammer’
Jervois exec urges Trump to use surgical tariffs to aid U.S. mining, boost critical mineral supply chains amid Chinese competition.
Tesla shares jump to record high
Tesla stock soars to record $415, surging 65 per cent post-election on Musk's Trump ties and strong China sales amid EV market optimism.
Vestas cuts hundreds of jobs on UK’s Isle of Wight
Vestas is switching from making offshore blades to smaller, onshore blades, which will only sustain 300 jobs at the site, it said.
