Inside China’s electric drive for swappable car batteries

DETROIT/BEIJING, March 25 (Reuters) – A year ago Tesla dismissed the alternative path of electric car battery swapping as “riddled with problems and not suitable for widescale use”. It seems Beijing disagrees. In fact, China is pushing hard for swappable batteries for electric vehicles (EVs) as a supplement to regular vehicle charging, with the government … Read more

Foreigners banned from selling Russian stocks as market set for limited reopening

March 23 (Reuters) – Russia plans to resume some stock trading on Thursday after a near month-long hiatus, with 33 ruble securities to be traded on the Moscow Exchange. Non-residents will have to wait, though – they will be barred from selling stocks and OFZ ruble bonds until April 1. Trading in blue chips, including … Read more

Boeing 737 MAX jet headed toward China completion plant – source

MAX has been grounded in China for three years Return had been expected early this year China historically accounted for 17% of deliveries – Jefferies BEIJING/SYDNEY, March 15 (Reuters) – A Boeing (BA.N) 737 MAX jet that took off from Seattle on Monday is en route to the manufacturer’s completion plant in China, an industry … Read more

Musk says Tesla, SpaceX see significant inflation risks

SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, US, June 13, 2019. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register March 13 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk … Read more

Nike, IKEA close Russian stores as sanctions, trade restrictions bite

March 3 (Reuters) – Sneaker maker Nike and home furnishings firm IKEA shut down stores in Russia on Thursday, as trade restrictions and supply constraints added to political pressure for companies to stop business in Russia because of its invasion of Ukraine. French bank Societe Generale (SOGN.PA) said it was working to cut its risks … Read more

Boeing, Exxon, Apple join Western firms spurning Russia over Ukraine

Ford suspends operations in Russia Apple stops iPhone sales in Russian market ESG investors press Western firms to act March 2 (Reuters) – Boeing (BA.N) suspended maintenance and technical support for Russian airlines and US energy firm Exxon Mobil (XOM.N) said it would exit Russia, joining a growing list of Western companies spurning Moscow over … Read more