In a statement He Xiaopeng, the CEO of Chinese electric-car maker Xpeng said, automakers in China may have to suspend production in May if suppliers from Shanghai and surrounding areas do not resume work. China’s zero tolerance policy towards COVID-19 have… Read More ›
In a statement Mercedes-Benz said, it expects its factories to exclusively produce electric vehicles (EVs) from the second half of this decade; however, it will steer clear of building EV-only plants but instead keep production lines flexible, in line with market… Read More ›
In a statement Toyota Motor Corp said, production at its auto plants in Ontario has come to a grinding halt following truckers protesting Canada’s COVID-19 mandates which has caused a shortage of parts. “Due to a number of supply chain, severe… Read More ›
In a statement Western Digital Corp said certain materials at two of its manufacturing facilities in Japan, that are operated by its joint-venture partner Kioxia Holdings Corp, have become contaminated leading to a reduction in the availability of flash storage devices…. Read More ›
On Monday, in a statement Toyota Motor Corp said, it will suspend production at five domestic factories in January 2022 following chip shortages and the outbreak of the Omicron variant of COVID-19. The suspension of production will impact around 20,000 vehicles,… Read More ›
According to three sources familiar with the knowledge at hand, Apple Inc’s negotiations with China’s BYD and CATL over battery supplies for its planned electric vehicle have stalled after the Chinese company refused to set up teams and build U.S. plants… Read More ›
In signs of a worsening power crisis in China, the country’s largest provincial economy warned of worsening power shortages despite Beijing’s best efforts to boost coal supply and boost electricity production. According to analysts, China’s power crisis is expected to… Read More ›
In a significant development, BlackRock, HSBC and Swiss Re are among the companies who are seeking to create a risk management and disclosure framework aimed at channeling capital towards environmentally projects and away from ones which damage nature. Earlier this year in… Read More ›
In a statement, Vietnam’s People’s Committee of the northern province of Bac Giang ordered four industrial parks, including three which house the production facilities of Taiwan’s Foxconn to temporarily shut down because of a COVID-19 outbreak. The People’s Committee said these… Read More ›
On Wednesday, in a significant development, Unilever Plc said by 2030 it aims to remove fossil fuels from its cleaning products and will be investing 1 billion euros to that end, including cutting down on carbon emissions created by the… Read More ›
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