Focus on Industry
U.S. new light vehicle sales to rise about 1% in July: report
The share of Battery Electric Vehicles is expected to reach 7.8% in July, aided by the rollouts of new models from car makers...
Renault’s first-half profit beats estimates, sticks to 2024 outlook
Renault's first-half profit exceeded expectations due to strong pricing and new vehicle launches, maintaining its full-year profit-margin forecast amidst rising hybrid sales.
Vietnam allows big companies to buy clean energy to hit climate targets
Factory owners such as Samsung look forward to using Vietnam DPPAs to circumvent country's strained grid and harness green energy instead.
GE Vernova says manufacturing issue led to Nantucket turbine blade failure
Power services firm GE Vernova said Wednesday a manufacturing issue led to a turbine blade failure at its Vineyard Wind offshore project
LG Energy Solution in talks with Chinese firms to make low-cost EV batteries for Europe
South Korea's LGES is in talks with Chinese suppliers to produce low-cost EV batteries for Europe, a senior executive said
Nippon Steel to dissolve JV with China’s Baoshan after 20 years
The Nikkei business daily, which first reported the news, said Nippon had decided to shift its attention to the U.S. and India.
Tesla reports profit drop on price cuts, lower vehicle sales
Tesla reported a significant drop in Q2 profits Tuesday due to price cuts while heavily investing in AI and other tech.
Analog chipmaker Texas Instruments beats second-quarter profit estimates
Texas Instruments' Q2 profit beat estimates as analog chip demand stabilized; shares rose 4%, year-to-date gain 16%.
Tesla shares could swing 10% either way after earnings, options show
With Tesla market cap at around $800 billion, such a move would make for a swing in the value of the company of...
Britain’s Labour government must ‘make up lost ground’ to hit UK climate goals: CCC
The UK’s new Labour government must urgently reinstate the net-zero plans shelved by its predecessor in order to “limit the damage” caused by Conservative policy...
