AsiaBusinessOutlook >> Tesla Signed Deal to Buy Nickel Worth $5bn from indonesian companies

US carmaker Tesla has signed contracts worth about $5 billion to buy materials for electric vehicle batteries from nickel processing companies in Indonesia, a senior cabinet minister has said..., Tesla Signed Deal to Buy Nickel Worth $5bn from indonesian companies

AsiaBusinessOutlook >> Huawei's second quarter revenue increased slightly from a year ago

Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020., Huawei's second quarter revenue increased slightly from a year ago

AsiaBusinessOutlook >> Samsung SDI and Stellantis to establish EV battery venture in U.S.

South Korea's Samsung SDI said it had entered an agreement for a joint venture with automaker Stellantis NV to produce electric vehicle battery cells and modules in the United States...., Samsung SDI and Stellantis to establish EV battery venture in U.S.

AsiaBusinessOutlook >> Rio Tinto signs $3.3bn Deal for Control of Mongolian Copper Mine

Mining giant Rio Tinto reached in-principle agreement to get control of Oyu Tolgoi, a huge mine in Mongolia with the world’s largest known copper and gold deposits...., Rio Tinto signs $3.3bn Deal for Control of Mongolian Copper Mine

AsiaBusinessOutlook >> BASF, Eramet to Conclude USD 2.6B partnership on Indonesia nickel smelter

According to the CEO of BASF, a partnership agreement worth $2.6 billion between the German mining company BASF and the French company Eramet is being finalised to invest in an Indonesian nickel smelting facility. According to.. , BASF, Eramet to Conclude USD 2.6B partnership on Indonesia nickel smelter

AsiaBusinessOutlook >> Volkswagen Along with its Chinese Partner SAIC Motors names Jia Jianxu as General Manager

Volkswagen's joint venture with China's SAIC Motor announced on Monday that Jia Jianxu, a veteran executive at the state-owned Chinese automaker, has been appointed as its new general manager. Jia, who was born in 1978, has more than 20 years of e..., Volkswagen Along with its Chinese Partner SAIC Motors names Jia Jianxu as General Manager

AsiaBusinessOutlook >> Tesla To Set Up A Factory In Shanghai To Build Megapack Energy Storage Units

Tesla Inc. will build a factory in Shanghai to manufacture the Megapack energy storage product, according to Chinese state media outlet Xinhua on Sunday. Xinhua reported from a signing ceremony in Shanghai that Elon Musk's automaker will break gro..., Tesla To Set Up A Factory In Shanghai To Build Megapack Energy Storage Units

AsiaBusinessOutlook >> Panasonic to Supply EV Batteries to Subaru

Panasonic Holdings has begun to consider providing electric vehicle batteries to Subaru, according to a source on July 28. According to the report, the two companies are soon to announce their intention to sign a basic supply agreement for EV bat..., Panasonic to Supply EV Batteries to Subaru

AsiaBusinessOutlook >> Infineon Inks Agreement with Kia and Hyundai for Chip Supply

Infineon, a German chipmaker, announced on Oct 18 that it has secured a multi-year arrangement with Hyundai and Kia to supply power semiconductors for the production of electric vehicles. Infineon said in a statement that it will create and reserv..., Infineon Inks Agreement with Kia and Hyundai for Chip Supply

AsiaBusinessOutlook >> Renault Offloads 28% of its Stake in Nissan to a French Trust

France and Renault's stake in Nissan fell to 15 percent from about 43 percent, giving the French trust 28.4 percent of the Japanese automaker, the companies said in an alliance statement, putting them on equal footing. A new deal to restructure Re..., Renault Offloads 28% of its Stake in Nissan to a French Trust