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He Xiaopeng, the co-founder, chairman and CEO of XPeng Motors attends a news conference ahead of the Shanghai Auto Show, in Shanghai, China April 16, 2023.

XPeng CEO says its software, AI upgrades to enter 'super fast cycle'

Sarah Wu |Updated 1 minutes ago |2 min read

By Sarah Wu BEIJING (Reuters) - Chinese electric vehicle (EV) maker XPeng on Thursday said its software and artificial intelligence training upgrades will enter a "super fast cycle" from May, and that it hopes use of its platform will expand to ...

A VinFast electric taxi operated by Vietnam-based fleet operator Green SM is pictured in Hanoi, Vietnam, October 10, 2023.

VinFast chief planning to invest another $1 billion of his fortune in EV maker

Reuters |Updated 1 minutes ago |1 min read

HANOI (Reuters) - Vietnamese billionaire Pham Nhat Vuong said on Thursday he had plans to support Nasdaq-listed electric vehicle maker VinFast with an additional $1 billion from his own fortune, and was also considering listings for other ...

The logo of NIO seen on an ET7 car model is pictured at the NIO House, the showroom of the Chinese premium smart electric vehicle manufacture NIO Inc. in Berlin, Germany August 17, 2023.

Chinese EV startup Nio sets starting price for new version of ET7 sedan

Reuters |Updated 1 hour ago |2 min read

BEIJING (Reuters) - Chinese electric vehicle (EV) startup Nio has set the starting price of the new version of its ET7 sedan at 428,000 yuan ($59,063), its chief executive said on Thursday. Deliveries of the ET7 are near 30,000 units since ...

Higher gas prices are expected to have bumped up inflation in March.

All fuel prices drop in Newfoundland and Labrador overnight Thursday, April 25

Atlantic Briefs Desk |Updated 4 hours ago |1 min read Premium content

Prices for all fuels came down in Newfoundland and Labrador overnight Thursday, April 25.  The Public Utilities Board announced gas prices decreased by up to 2.9 cents per litre (cpl), setting the maximum cost of a litre of regular unleaded ...

Mercedes-Benz logo on display at the Everything Electric exhibition at the ExCeL London international exhibition and convention centre in London, Britain, March 28, 2024.

Mercedes says it will continue to invest in China tie-ups

Sarah Wu |Updated 1 hour ago |1 min read

By Sarah Wu BEIJING (Reuters) -Mercedes Benz's China chief said on Thursday the company would continue to invest in tie-ups with Chinese partners like internet firm Baidu, noting China was crucial to its global strategy. China was "the most dynamic ...

A man walks past the sign of BYD, the electric vehicle maker from China, during its launch ceremony in Jakarta, Indonesia, January 18, 2024.

BYD unveils third ultra-luxury model under Yangwang brand

Reuters |Updated 1 hour ago |1 min read

BEIJING (Reuters) - Chinese electric vehicle maker BYD unveiled the U7, its third ultra-luxury model under the Yangwang brand, on Thursday, as it makes a push upmarket to increase profitability amid an intensifying price war. Last year, BYD added ...

A passerby walks past an electric monitor displaying recent movements of various stock prices outside a bank in Tokyo, Japan, March 22, 2023.

Stocks hit by tech slump; yen flails at intervention zone

Ankur Banerjee |Updated 1 hour ago |3 min read

By Ankur Banerjee SINGAPORE (Reuters) - Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the ...

A Nissan logo is pictured during the media day for the Shanghai auto show in Shanghai, China April 16, 2019.

Nissan unveils four concept cars to fuel China comeback

Reuters |Updated 1 minutes ago |1 min read

BEIJING (Reuters) - Nissan Motor unveiled four concept cars for the Chinese market on Thursday as the Japanese automaker looks to stage a reversal from recent years of losing share in the world's largest auto market. Nissan introduced two battery ...

Visitors film around Xiaomi's first electric vehicle, the SU7, displayed at an event in Beijing, China, Dec. 28, 2023.

Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June

Reuters |Updated 1 hour ago |2 min read

BEIJING (Reuters) - Chinese smartphone maker Xiaomi has locked in 75,723 orders for its sporty SU7 electric sedan as of April 24, and aims to deliver over 10,000 units in June, founder Lei Jun said on Thursday. The delivery target sets a record ...

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023.

Fragile yen could make BOJ's Ueda tilt more towards hawkish stance

Leika Kihara |Updated 1 minutes ago |3 min read

By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) -The yen's slide to fresh 34-year lows is likely to force Bank of Japan Governor Kazuo Ueda to walk a delicate line in guiding monetary policy this week as he tries to maintain a calibrated path to ...

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