North Asia

Musk Cancels Low-Cost EV Plans Amid Tough China Competition

The now-defunct entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000

3 weeks ago

Nikkei Meltdown After Fed Puts Dampener on Rate Cut Hopes

The Nikkei index in Tokyo saw a second straight weekly loss, down 3.4% over the past five sessions, as it…

3 weeks ago

TSMC Restarts Taiwan Fabs After Earthquake Shutdowns

The global chip leader had paused production at its sites after the 7.2-magnitude quake which triggered landslides

3 weeks ago

Indian Stocks Miss Out On Traditional Pre-Election Rally

The country's parliamentary elections are set to begin this month and the incumbent Narendra Modi-government is hoping to gain a…

3 weeks ago

TSMC Predicts $60m Hit From Taiwan’s Biggest Quake in 25 Years

The world's top chipmaker said impacts from the quake could hit its Q2 earnings, but the costs could be much…

3 weeks ago

Japan Approves $3.9bn of Cash Backing For Chipmaker Rapidus

Japan has already handed over subsidies worth about $2.18 billion to the chip firm, which is backed by NEC, SoftBank,…

3 weeks ago

‘Unhinged’ Musk ‘Driving Away Potential Tesla Buyers’ – Reuters

Consumer interest in Tesla has more than halved since November 2021, according to a new poll that found the carmaker’s…

3 weeks ago

BYD’s EV Victory Over Tesla May Be Short-Lived As Sales Cool

The drop in numbers comes despite steep discounts BYD has handed out on its vehicles, signalling that Tesla's global clout…

3 weeks ago

Korea ‘Artificial Sun’ Sets Record At 100 Million Degrees – CNN

Scientists say successfully sustaining nuclear fusion can potentially create unlimited energy without the burden of carbon emissions

3 weeks ago

China Stocks Lead Asia Rally, Nikkei Drops Under Yen Pressure

Expectations of an easier US monetary policy also boosted investor sentiment across Asia after inflation data on Friday fuelled rate-cut…

3 weeks ago

In Battle for China EV Market, Xiaomi’s ‘Thor’ Takes on Elon Musk

Xiaomi co-founder and CEO, Lei Jun, believes his newly launched electric sedan is a direct competitor of Tesla — both…

4 weeks ago

Huawei Profits Jump 144% in Fastest Growth Since US Sanctions

Huawei remained relatively muted about its achievement, doing away with the press conference and launch event it has held every…

4 weeks ago