TSMC starts volume production of most advanced chips in Taiwan

TSMC starts volume production of most advanced chips in Taiwan

TAINAN, Taiwan, Dec 29 (Reuters) – Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC)(2330.TW), began mass production of its most advanced chips in southern Taiwan on Thursday and the company’s chairman said it would continue to expand capacity on the island. The long-awaited mass production of chips with 3-nanometre technology comes as attention focuses on the … Read more

Elon Musk says he will not sell more Tesla stock for about two years

Elon Musk says he will not sell more Tesla stock for about two years

Dec 22 (Reuters) – Tesla (TSLA.O) Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for about two years. While speaking in a Twitter Spaces audio chat, Musk said he foresees the economy will be in a “serious recession” in 2023 and demand for big-ticket items will be … Read more

Oil giant BP finds new home for London headquarters

Oil giant BP finds new home for London headquarters

LONDON, Dec 2 (Reuters) – British energy giant BP (BP.L) will move its headquarters in central London to a new location in 2024 after agreeing to lease new grounds not far from Trafalgar Square, the company said on Friday. BP sold its 1 St. James’s Square headquarter in late 2020 for 250 million pounds as … Read more

Musk delivers first Tesla truck, but no update on output, pricing

Musk delivers first Tesla truck, but no update on output, pricing

Tesla ships first Semi to PepsiCo five years after unveiling it No details on orders or capacity for electric truck Semi uses existing Tesla motors, to feature new Supercharger Dec 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (PEP.O) without offering updated forecasts … Read more

Vietnam’s VinFast ships first electric vehicles to U.S. customers

Vietnam’s VinFast ships first electric vehicles to U.S. customers

HAI PHONG, Vietnam, Nov 25 (Reuters) – Vietnam’s electric vehicle maker VinFast said on Friday it had shipped its first batch of 999 cars to the United States, capping a five-year bid to develop an auto production hub in the Southeast Asian country for markets in North America and Europe. The first cars are expected … Read more

Hyundai breaks ground on $5.5 bln U.S. EV, battery plant

Hyundai breaks ground on $5.5 bln U.S. EV, battery plant

ELLABELL, Ga., Oct 25 (Reuters) – Hyundai Motor Co (005380.KS) broke ground on a $5.54 billion electric vehicle (EV) and battery plant in the United States on Tuesday, as South Korea’s biggest automaker grapples with an uncertain outlook for its EV sales in its top market. The investment is the largest in the state’s history … Read more

Biden awards $2.8 billion to boost U.S. minerals output for EV batteries

Biden awards $2.8 billion to boost U.S. minerals output for EV batteries

WASHINGTON, Oct 19 (Reuters) – The Biden administration said on Wednesday it is awarding $2.8 billion in grants to boost U.S. production of electric vehicle batteries and the minerals used to build them, part of a bid to wean the country off supplies from China. Albemarle Corp (ALB.N) is among the 20 manufacturing and processing … Read more

Sanctions-hit Kremlin stages ‘Russian Davos’ bereft of elite, Putin speaks Friday

Sanctions-hit Kremlin stages ‘Russian Davos’ bereft of elite, Putin speaks Friday

International economic forum June 15-18 in St Petersburg No Western bigwigs at ‘Russian Davos’ due to sanctions Putin to give big speech June 17, speak to media – aide June 14 (Reuters) – Russia for years hosted world leaders and business titans at its annual economic forum in St Petersburg, but the “Russian Davos” will … Read more

Tesla goes ahead with China hiring event after Musk job warning

Tesla goes ahead with China hiring event after Musk job warning

SHANGHAI, June 9 (Reuters) – Tesla was proceeding with an online hiring event in China on Thursday and added two dozen new job postings for the country, a week after Elon Musk threatened job cuts at the electric car maker and said the company was “overstaffed” in some areas. Tesla (TSLA.O) plans to hold the … Read more