AsiaBusinessOutlook >> LG Energy signs battery-grade lithium supply contract with Compass Minerals

South Korean battery maker LG Energy Solutions said it had entered into a non-binding deal for battery-grade lithium supply with Compass Minerals while negotiations for a final agreement were ongoing..., LG Energy signs battery-grade lithium supply contract with Compass Minerals

AsiaBusinessOutlook >> Malaysia's Tenaga Nasional to Spend Big on Clean Energy Shift

Malaysian utility Tenaga Nasional Bhd (TNB) plans to spend about 20 billion ringgit ($4.5 billion) a year over the next three decades to fast-track its move to clean energy, the company said..., Malaysia's Tenaga Nasional to Spend Big on Clean Energy Shift

AsiaBusinessOutlook >> "Spark.NXT" : A Look Around The Massive 76-Acre Bosch Campus

Bosch unveiled its new smart campus in Bangalore on June 30th, with a capacity of around 10,000 employees. Spark.NXT, a new 76-acre smart campus, is the name of the..., "Spark.NXT" : A Look Around The Massive 76-Acre Bosch Campus

AsiaBusinessOutlook >> China's Sinopec Corp. And Susco Dealers Form Joint Venture to Explore Low Carbon Energy Alternatives

In an effort to strategically restructure the petroleum and petrochemical sector, the central government created Sinopec Group in July 1998 on the foundation of the former China Petrochemical Corporation. In August 2018, it was additionally incorp..., China's Sinopec Corp. And Susco Dealers Form Joint Venture to Explore Low Carbon Energy Alternatives

AsiaBusinessOutlook >> Foxconn To Increase Production Capacity in Mexico To Cater To EV Demand

Foxconn and other Taiwanese technology suppliers are increasing production capacity in Mexico to meet rising demand for electric vehicles (EVs) and servers made in North America. Based on the report, which cites a person with..., Foxconn To Increase Production Capacity in Mexico To Cater To EV Demand

AsiaBusinessOutlook >> Pertamina To Adjust Investments To Accommodate Transition to Renewables

Pertamina, Indonesia's state energy firm, is redesigning its refinery expansion plans to meet shifting demands from the transition to renewable energy, according to its chief executive. Pertamina's 2015 refinery development plan calls for the comp..., Pertamina To Adjust Investments To Accommodate Transition to Renewables

AsiaBusinessOutlook >> CATL to Invest in new Project Worth USD 3.5B to Produce Lithium Materials

CATL, the Chinese battery giant, plans to invest up to 23.8 billion yuan ($3.5 billion) in a new project to recover waste batteries and produce lithium materials. CATL's subsidiary, Guangdong Bangpu Recycling Technology Co Ltd, will invest in and ..., CATL to Invest in new Project Worth USD 3.5B to Produce Lithium Materials

AsiaBusinessOutlook >> Foxconn Hires Jun Seki as Chief Strategy Officer For its EV Division

Foxconn announced the appointment of Jun Seki, a former Nissan Motor Co and Nidec Corp executive, as its chief strategy officer for electric vehicles, adding a high-profile auto executive to bolster its industry ambitions. Seki, who was once consi..., Foxconn Hires Jun Seki as Chief Strategy Officer For its EV Division

AsiaBusinessOutlook >> Japan's Sumitomo Metal Mining Showcases High Annual Profit, Declares Dividends

Sumitomo Metal Mining of Japan raised its full-year net profit and dividend forecasts on Wednesday, citing higher-than-expected nickel, copper, and gold prices. Net profit is now expected to be 158 billion yen ($1.2 billion) for the fiscal year en..., Japan's Sumitomo Metal Mining Showcases High Annual Profit, Declares Dividends

AsiaBusinessOutlook >> China Germany's Largest Trade Partner, Trade Deficit Worth USD 320B

Trade between Germany and China rose to a record level last year, making the Asian country Germany's most important trading partner for the seventh year in a row despite political warnings in Berlin about excessive dependence. Goods worth around 2..., China Germany's Largest Trade Partner, Trade Deficit Worth USD 320B