Focus on Industry
Norway’s Hydro to phase out green hydrogen, battery businesses
Norsk Hydro is no longer investing in its battery and green hydrogen businesses and will phase out these operations in the coming years.
Vietnamese EV maker Vinfast reports $550 million Q3 loss
VinFast reported a $550 million net loss for Q3, an improvement from last year, with higher sales.
China’s Hesai to halve lidar prices next year, sees wide adoption in electric cars
China’s Hesai to cut lidar prices by 50 per cent, boosting EV adoption; plans global expansion amid rising demand from automakers.
Bolivia announces $1 bn deal with China to build lithium plants
Bolivia signs $1B deal with China's CBC, a CATL subsidiary, to build two lithium carbonate plants in the southwest.
Vauxhall owner to shut Luton factory amid ‘stringent’ zero-emission targets
About 1,120 full-time employees work at the Luton factory, which currently makes light commercial vehicles.
Britain to launch consultation on electric vehicle transition
Britain will consult on its zero-emission vehicle mandate but maintain the 2030 deadline for phasing out petrol and diesel car sales.
Biden administration will loan $6.6 billion to Rivian to build Georgia factory that automaker paused
The Biden administration announced a $6.6B loan to Rivian to build its fuel-efficient vehicles and work toward profitability.
Japan PM Ishiba urges Biden to approve Nippon-US Steel deal, sources say
Japanese PM Ishiba urges Biden to approve Nippon Steel's acquisition of U.S. Steel, highlighting its benefits to U.S.-Japan ties.
More chargers, less red tape: How to speed up electrifying Ontario’s MHDVs
Ontario must address high costs, regulatory hurdles and grid readiness to build chargers needed for electrifying road-freight vehicles.
ADB approves $500 million loan for Philippines’ climate change efforts
The loan will boost reforms in Southeast Asia, driving agriculture, energy, and transport toward a low-carbon future.
