Focus on Industry
China’s BYD ramps up hiring as Beijing prioritises employment
BYD has increased its workforce to more than 900,000 people, making the Chinese EV giant one of the largest employers in the country.
Nippon Steel, US Steel send letter to Biden on merger plans
Nippon Steel and U.S. Steel sent a letter to President Biden defending their planned $15 billion merger amid potential blockage.
Occidental’s 1PointFive secures up to $500 million to advance Texas carbon capture hub
Occidental’s 1PointFive secures up to $500M from the U.S. DOE to develop a South Texas carbon capture hub, advancing DAC tech for decarbonization.
US Gulf of Mexico oil firms begin hurricane damage checks, ports reopen
Gulf oil producers and refineries are restarting after Hurricane Francine caused shutdowns, power outages, and export disruptions.
US House passes bill targeting China that would limit EV tax credits
The House voted 217-192 to tighten rules limiting Chinese content in EVs eligible for U.S. tax credits; Senate yet to act.
GM in talks to buy Chinese EV batteries built in the US: report
General Motors may buy EV batteries using CATL tech, assembled in a US plant funded by Japan's TDK, per Bloomberg sources.
Thyssenkrupp’s $3.3 billion green steel plant could get more expensive
Thyssenkrupp Steel Europe informs parent company "about possible risks and resulting potential cost increases" at green steel plant.
China warns carmakers of risks in building plants overseas, sources say
As EV makers plan global factories to beat import tariffs, China's commerce ministry advises against certain countries.
Global EV sales up 20% in August despite 19-month low in Europe, Rho Motion says
Global sales of fully electric and plug-in hybrid vehicles rose by a yearly 20% in August, driven by record high sales in China.
Canadian CEOs worry about climate change ‘all or most of the time’: survey
Canadian business leaders' climate concerns surge, with 85% now worried, up from 59% last year, Deloitte survey finds.
