Asia-Pacific
Chinese EV giant BYD posts 24.4% rise in profit
BYD profits rise as electric and hybrid vehicles account for more than half of all Chinese sales, despite looming global tariffs on EVs.
Hyundai targets 30% rise in sales by 2030, as it doubles hybrid lineups
As demand for EVs slows down, Hyundai's hybrid lineup will double to 14 models in shift to sales targets.
China’s solar sector blazes trail in commitment to renewables
China is building almost twice as much wind and solar capacity as every other country combined, with targets six years ahead of schedule
China Evergrande’s EV arm warns of bigger first-half loss on impairment provisions
China Evergrande's EV unit expects a larger H1 2024 loss, driven by a significant impairment provision amid ongoing financial woes.
China’s Xpeng prices its first budget EV from $16,813
In the crowded Chinese market, the XPeng MONA M03 electric hatchback coupe hopes to lure in drivers with low prices.
Japan PM Kishida to hold ministerial meeting on nuclear plant restart
Talks will be held on Tepco plant restarting with a focus on gaining local consent after 2021 regulatory ban eased.
Once-acquisitive Chinese oil giant looks to revive global dealmaking
CNPC eyes oil deals and investments across the globe amid stagnant output at home in China.
China’s BYD to use Huawei’s self-driving system in off-road EVs
Upscale Fangchengbao brand from BYD to use self-driving tech developed by Huawei as Chinese manufacturers band together in face of tough pressures.
Woodside profit beats estimates, flags much interest for Driftwood sale
Woodside Energy profits slump but still beat expectations, while proposed sale of stake in US LNG project sparks interest.
