Business
XPeng CEO says its software, AI upgrades to enter 'super fast cycle'
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 ...
VinFast chief planning to invest another $1 billion of his fortune in EV maker
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 ...
Chinese EV startup Nio sets starting price for new version of ET7 sedan
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 ...
All fuel prices drop in Newfoundland and Labrador overnight Thursday, April 25
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 says it will continue to invest in China tie-ups
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 ...
BYD unveils third ultra-luxury model under Yangwang brand
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 ...
Stocks hit by tech slump; yen flails at intervention zone
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 ...
Nissan unveils four concept cars to fuel China comeback
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 ...
Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June
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 ...
Fragile yen could make BOJ's Ueda tilt more towards hawkish stance
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 ...