According to analysts and trade experts, the coup by Myanmar’s military is likely to dampen the interest of western companies in investing in the country and may even prompt big U.S. companies to relocate. In the first 11 months of… Read More ›
supply chain
Outbreak of COVID-19 variant in northern China will impact industrial production
On Tuesday, alleviating industry concerns that the new variant of the coronavirus disease that has been surging in northern China, Huang Libin, an official from China’s Ministry of Industry and Information Technology said, the outbreak will have an impact on… Read More ›
Tesla’s records stellar delivery targets, achieves major milestone
On Saturday, driven by a steady adoption of electric vehicles, Tesla Inc reported a better-than-expected 2020 vehicle deliveries and narrowly missed its CEO’s ambitious full-year delivery goal. The results come at a time when the global auto industry, like most… Read More ›
Indonesia signs $9.8 billion deal for constructing integrated electric battery factory from upstream to downstream
In a significant development South Korea has signed a memorandum of understanding (MOU) with a unit of South Korean giant LG Group for a battery investment deal valued at $9.8 billion electric vehicle (EV). The deal, signed on December 18,… Read More ›
China’s Contemporary Amperex Technology to invest $5 billion in lithium battery plant: Indonesia’s deputy minister
On Tuesday, in a statement Indonesia’s deputy minister at the coordinating ministry of maritime and investment affairs said, China’s Contemporary Amperex Technology (CATL) plans on investing $5 billion in a lithium battery plant in the country. The plant is scheduled… Read More ›
U.S. bans cotton imports from forced labor camps at Xinjiang, China
In a development that acknowledges the open secret of China using forced labor in its modern concentration camps in Xinjiang, the United States has banned the import of cotton from the quasi-military organization that uses detained Uighur Muslims in its… Read More ›
China’s financial network and tech supply chain vulnerable to U.S. pressure: PBOC Vice Governor
On Monday, in a report, a magazine by the China’s central bank, Fan Yifei, a vice governor of the People’s Bank of China (PBOC) said, China’s financial network as well as its technology supply chain faces a huge risk from… Read More ›
Tesla negotiating nickel supply contract with BHP Group to slash battery cost
According to sources familiar with the matter at hand, Tesla Inc is negotiating a nickel supply deal with the BHP Group as part of a broader effort to ramp up production and meet higher production targets in an effort to… Read More ›
Impact of COVID-19 in U.S. beef supply chain
In a significant development, the U.S. Department of Agriculture stated, it will be funding a $1 million research project to identify how COVID-19 could potentially enter the nation’s beef supply chain, starting from cattle in farms to packages of meat… Read More ›
FDI in Mexico touched $18 Billion in Q1, despite slowdown induced by Wuhan Coronavirus
In a significant development that underscores a relocation of supply chain to North America, preliminary figures published by Mexio’s Economy Minister stated, during the first half of 2020, Foreign direct investment (FDI) in Mexico touched $17.97 billion. Although, the figure… Read More ›
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