Vietnam’s Vinfast to build $2 bln electric vehicle factory in US

HANOI/SAN FRANCISCO, March 29 (Reuters) – Vietnam’s automaker VinFast said on Tuesday it has signed a preliminary deal to initially invest $2 billion to build a factory in North Carolina to make electric buses, sport utility vehicles (SUVs) along with batteries for EVs . The unit of Vietnam’s biggest conglomerate Vingroup (VIC.HM), said it plans … Read more

US FCC adds Russia’s Kaspersky, China telecom firms to national security threat list

WASHINGTON, March 25 (Reuters) – The Federal Communications Commission (FCC) on Friday added Russia’s AO Kaspersky Lab, China Telecom (Americas) Corp (0728.HK) and China Mobile International USA (0941.HK) to its list of communications equipment and service providers deemed threats to US national security. The regulator last year designated five Chinese companies including Huawei Technologies Co … Read more

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

Tesla, Lucid supplier LGES plans to build $1.4 bln battery factory in Arizona

An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. REUTERS/Kim Hong-Ji/File Photo Register now for FREE unlimited access to Reuters.com Register SAN FRANCISCO/SEOUL, March 23 (Reuters) – LG Energy Solution (373220.KS) (LGES), a supplier for electric car makers Tesla and Lucid, said on … Read more

China’s COVID curbs hit Toyota, Volkswagen and Apple supplier Foxconn

A medical worker in a protective suit collects a swab from a worker for nucleic acid testing at a Foxconn factory, following new cases of the coronavirus disease (COVID-19) in Wuhan, Hubei province, China August 5, 2021. Picture taken August 5 , 2021. China Daily via REUTERS Register now for FREE unlimited access to Reuters.com … Read more

Tesla’s long-delayed German gigafactory gets conditional green light

Tesla’s Gruenheide plant is first European gigafactory Objections against approval can be filed over next month Tesla wants to show it meets conditions in next two weeks POTSDAM, Germany, March 4 (Reuters) – Tesla Inc (TSLA.O) received a conditional go-ahead for its German gigafactory near Berlin on Friday, the state of Brandenburg said, ending months … 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