Chinese Auto Giant Invests in Flying-Car Startup Volocopter
Billionaire Li Shufu’s Zhejiang Geely Holding Group agreed to invest in flying-car developer Volocopter GmbH as the Chinese auto giant diversifies into technologies that eventually could supplant the traditional gas guzzler.
September 9, 2019Trade Deal Before Presidential Election May Suit Beijing
President Donald Trump tweeted this week that any trade deal China might secure from America would get “much tougher” upon his re-election. The insinuation being of course that Beijing should really work something out before November 2020.
September 6, 2019Dorian Makes Landfall on Outer Banks Before Heading Out to Sea
Hurricane Dorian made landfall on the Outer Banks of North Carolina Sept. 6, battering the shore with driving rain and wind as it continues its march north and begins moving away from the U.S. coast.
September 6, 2019Tesla Gets Exemption From China’s 10% Tax on Car Sales
Tesla Inc. won exemption from a 10% Chinese tax on automotive sales, sidestepping trade tensions with the U.S. following CEO Elon Musk’s visit to the country.
August 30, 2019CNH Industrial Weighs Options for Iveco Truck Unit
CNH Industrial NV, the tractor maker backed by Italy’s billionaire Agnelli family, is evaluating options for its Iveco truck business as it seeks ways to unlock value, people familiar with the matter said.
August 29, 2019Buffett-Backed BYD Close to Battery Supply Deal With Audi
Volkswagen AG’s Audi luxury-car brand is in talks to add China’s BYD Co. as a supplier of batteries used in its premium electric vehicles, according to people familiar with the matter.
August 29, 2019Hydrogen a Climate Alternative for Steel
Steel could shed its reputation as a climate threat by using hydrogen instead of fossil fuels for as much as half of global output by 2050, according to BloombergNEF.
August 29, 2019Tesla’s Musk and Alibaba’s Ma to Debate AI in China
From Jack Ma to Pony Ma, the leading lights of China’s internet industry gather in Shanghai this week to showcase the country’s latest advances in artificial intelligence. But the real headliner could be American entrepreneur Elon Musk.
August 28, 2019Chinese Driverless Startup Pony.ai Strikes Pact With Toyota
Chinese autonomous-driving company Pony.ai struck a partnership with Toyota Motor Corp., a boon for the startup seeking to take on U.S. rivals such as Alphabet Inc.’s Waymo.
August 26, 2019China Hits US With Higher Tariffs on Soybeans, Cars, Oil
China announced plans to impose additional tariffs on $75 billion of American goods including soybeans, automobiles and oil — retaliation for President Donald Trump’s latest planned levies on Chinese imports that sent U.S. stock futures tumbling.
August 23, 2019