Month: July 2023
NIO – Latest Analyst Update Sees ~20% Upside
NIO is a prominent electric vehicle (EV) manufacturer that has garnered significant attention in the automotive industry. The company is…
Duke Energy to sell distributed generation portfolio in $364 million deal
(Reuters) – Utility firm Duke Energy said on Wednesday it would sell its commercial distributed generation business to private equity…
Western businesses must find a way to work with China-Stellantis CEO
MILAN (Reuters) -The head of carmaker Stellantis said Beijing’s decision to restrict exports of two metals widely used in semiconductors…
Stellantis unveils new platform underpinning move to electric vehicles
MILAN (Reuters) – Stellantis on Wednesday unveiled its new ‘STLA Medium’ vehicle platform, the first of four new electric-centric bases…
Apple loses London appeal in 4G patent dispute with Optis
LONDON (Reuters) – Apple Inc infringed two telecommunications patents used in devices including iPhones and iPads, London’s Court of Appeal…
Tesla, BYD’s China deliveries hit record high in Q2
By Qiaoyi Li and Brenda Goh BEIJING/SHANGHAI (Reuters) -U.S. automaker Tesla and its chief Chinese rival BYD achieved record deliveries…
Beijing jabs in US-China tech fight with chip material export curbs
By Amy Lv and Brenda Goh BEIJING/SHANGHAI (Reuters) -Companies caught out by China’s decision to restrict exports of two metals…
Oil prices rise 2% as market weighs supply cuts against economic outlook
By Natalie Grover LONDON (Reuters) -Oil prices climbed 2% on Tuesday as markets weighed August supply cuts by top exporters…
European shares steady, interest rate uncertainty remains
By Amruta Khandekar and Shreyashi Sanyal (Reuters) -European shares were steady in thin trading on Tuesday, with a lack of…