Asia-Pacific
LGES cuts sales target on weak EV demand, flags US election risk
Shares in the company, which supplies Tesla, GM, Hyundai Motor and other automakers, fell as much as 2.6%.
Honda to cut ICE car production capacity in China, Nikkei reports
Honda will close three of its seven production lines in China, reducing its annual ICE vehicle capacity to 1 million from 1.49 million.
Q&A: What China’s push for ‘new quality productive forces’ means for climate action
Carbon Brief unpacks the concepts underpinning new quality productive forces, and what it means for China’s climate, energy and industrial policy.
China’s BYD widens EV lead over Tesla in Singapore, Southeast Asia, data shows
China's BYD widened its sales lead over Tesla in Singapore in the first half of this year, government data showed
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.
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
Russia considering ban on diesel exports, Kommersant reports
The Russian government is considering a ban on exports of diesel due to rising domestic prices, the Kommersant daily reported on Wednesday
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.
China electric truck startup Windrose to raise $200 million before US IPO, source says
Windrose's fundraising target is set to double from its initial plans.
Forvia and BYD to bring Asian partnership to Europe
The two companies plan to operate together in BYD's new factory in Hungary.
