Focus on Industry
China’s Chery to delay Barcelona production start to Q4 2025, Spanish partner says
The Chery-Ebro venture said in April it would aim to produce up to 150,000 vehicles a year by 2029.
Rivian shares surge on $5.8 billion Volkswagen investment in JV
Rivian and Volkswagen's joint venture will integrate advanced electrical infrastructure and software for both companies' future EVs.
Finance and business deals announced at COP29 climate talks
The latest global climate talks in Baku drew 60,000 delegates, including many from business and finance — here are a few key deals made.
Siemens Energy raises mid-term outlook as turnaround gathers pace
Siemens Energy narrows Q4 losses, triples shares YTD, and raises 2028 profit outlook, driven by strong demand and order growth.
Rivian, Volkswagen Group launch $5.8 billion joint venture
Rivian and Volkswagen Group's $5.8B joint venture will merge EV software and architecture, targeting future electric models.
Loss-making EV firm VinFast to get $3.4 billion more funding from founder, parent company
VinFast will receive $3.35B from founder Vuong and Vingroup by 2026 to expand globally and support break-even efforts.
Enphase Energy to lay off 17% of workforce
Enphase Energy will cut its global workforce by about 17 per cent, impacting about 500 employees and contractors, the solar inverter maker disclosed...
Stellantis, partner Leapmotor scrap plan to make second EV model in Poland, sources say
Chinese automakers were recently told to pause their large-scale investment plans in EU countries that had backed the tariff proposal.
Analysis: New green steel firms could reap rewards as EU carbon tariffs loom
New and strengthened rules in the EU against supply chain carbon emissions provide an opportunity for green steel producers.
Lucid beats revenue estimates, reaffirms annual production
The company reported third-quarter revenue of $200 million, narrowly beating estimates of $198 million, according to data compiled by LSEG.
