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Letting the yuan depreciate could blunt the impact of US trade tariffs. And China's central bank has considered the possibility of the yuan dropping to 7.5-per-dollar to counteract trade shocks.
The companies, which have set up a 50/50 joint venture, said they will invest $4.33 billion in a factory in Zaragoza. They expect to start making batteries by the end of 2026.
The country's top EV maker has gained a greater share of the global auto market and now looks poised to top its 4-million worldwide sales target – and overtake Ford and Honda
German supplier warns it can no longer supply antimony to US clients, as China's export curbs begin to impact Western supply chains
Trump's son has cited Vietnam among countries that "ripped off" the US, according to a video shown at a conference in Hanoi last week set up by American business chambers
Exports of plug-in hybrids and conventional hybrids accounted for 18% of China's total vehicle sales to Europe. That was double their 9% share in the first quarter.
US carmaker says it will record non-cash charges of more than $5 billion on its joint venture with SAIC in China, one for the rejig of operations, and another on its reduced value
Malaysian trade minister says he has told many Chinese businesses not to invest in the country if they only want to rebadge their products there to avoid US tariffs
The Commerce Ministry in Beijing announced an immediate halt on Tuesday to exports of gallium, germanium, antimony and superhard materials to the US
Critics said a handful of oil producers fought efforts at UN talks in Korea to cut plastic production and were only willing to act on plastic waste
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Energy: The Big Picture
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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Transport InsightsAnglo-American Puts World’s Biggest Hydrogen Truck to WorkMining giant Anglo-American has unveiled a prototype of what it says is the world’s largest hydrogen-powered mining truck
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Energy InsightsWhat is China’s Tokamak Fusion Reactor?The goal of the Experimental Advanced Superconducting Tokamak project is to unlock the secret to clean and limitless energy on earth, with minimal waste products
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Energy InsightsDoes US Warning to India Point to More Russian Oil Restrictions?The US state department says it is aware of talks between Russia and India concerning the purchase of oil. It has no objection to India buying Russian oil, provided it buys at discount
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Market InsightsKazakhstan Unrest Poses Risks for World EconomyHundreds of people have died and thousands have been detained in Kazakhstan during the worst violence seen in the Central Asian nation since it became independent in the early 1990s. The unrest in Kazakhstan poses risks for energy markets, and even cryptocurrencies.
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