Business
LG Energy Solution Q3 profit likely up 34% on US EV sales rush
The company has signed a US$4.3 billion deal to supply Tesla with energy storage system batteries, as the US automaker looks to reduce…
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Sales
Business
Tesla’s China shipments rise at start of busy sales season
The carmaker shipped 90,812 units from the plant last month, up 2.8% from a year earlier SHIPMENTS from Tesla’s Shanghai factory increased…
Business
Porsche’s China sales slump 21% on muted luxury demand
The manufacturer is shaking up its leadership and cutting jobs as part of a broader effort to get back on track Porsche’s sales in China…
Business
US approves some Nvidia UAE sales in step of Trump AI diplomacy
Gulf nations have been subject to US restrictions on advanced AI chip shipments since 2023, over concerns that the technology could be…
Business
BMW cuts annual guidance on weak China sales, tariff costs
The slack demand for luxury EVs is hitting automakers already dealing with muted growth in Europe and duties in the US BMW lowered its…
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Mercedes posts worst quarterly China sales since 2016 as demand crisis deepens
Mercedes-Benz Group’s China sales tumbled 27 per cent in the third quarter to their lowest level in almost a decade as luxury demand in…
Business
Applied Materials warns of sales hit from latest curbs on China
The long-awaited rule seeks to prevent sanctioned companies from using affiliates to access restricted US goods Applied Materials, the…
Business
Tesla sales surge to record on rush to snag US tax credit
The deliveries tally offers a preview of the earnings results the company will report Oct 22 Tesla reported a surprise increase in…
Business
BYD sees first sales decline in 18 months amid fierce competition in China’s EV market
The decline comes as the company slashed its sales goal for this year by 16% to 4.6 million units Electric vehicle juggernaut BYD’s…
Business
BYD outsells Tesla in EU for second month, Stellantis returns to sales growth
CHINESE EV maker BYD sold three times as many new cars in the European Union last month than in August 2024, surpassing US competitor…
Business
Apple’s iPhone 17 sales open to strong demand for pro models
The company faces lofty expectations from Wall Street for holiday period sales, despite global economic concerns and the threat of future…
Business
FedEx sees sales growth in sign of parcel demand rebound
The company expects revenue to grow by as much as 6% this year compared with a 1.2% average gain forecast by analysts FedEx reinstated its…
Business
China sets 2025 auto sales target below association forecast, vows tighter regulation
China is targeting 32.3 million in vehicle sales in 2025, the country’s industry ministry said, below the 32.9 million units projected for…
Business
China’s credit expansion slows on weak demand, slower bond sales
China has been struggling to overcome the collapse of demand for borrowing linked to the property sector China’s credit growth slowed from…
Business
Global EV sales growth slows to 15% in August, research firm says
GLOBAL sales of fully electric and plug-in hybrid vehicles grew 15 per cent in August from a year ago, marking the slowest rate since…
Business
Deutsche Bank hires trio for Asia Pacific credit trading, sales
Deutsche Bank hired three for its Asia Pacific credit trading and sales desk, underscoring high demand for staff, as finance professionals…
Business
Apple’s India sales hit record US$9 billion after big retail push
Apple’s annual sales in India hit a record of nearly US$9 billion in the last fiscal year, signalling growing consumer demand for its…
Business
Salesforce projects weak sales growth, fuelling AI anxiety
Salesforce projected lacklustre quarterly sales growth, suggesting its artificial intelligence (AI) product is not yet paying off as…
Business
Tesla’s sales collapse continues in Europe’s biggest EV markets
Tesla’s sales slump is dragging on across almost all of Europe’s biggest electric vehicle markets, costing the company significant share…
Business
Xpeng, smaller EV makers kick sales goals in China as BYD stalls
As BYD weathers a rough patch atop China’s market for new-energy vehicles, other, smaller players are surpassing their sales goals by…
Business
Retail S-Reits see lower cost of debt and positive rental reversions as retail sales improve
[singapore] Seven Singapore-listed real estate investment trusts (S-Reits) with local retail assets have posted mixed results in revenue…
Business
Toyota Keeps Rolling With Record July Sales as EV and Hybrid Demand Surges
This article first appeared on GuruFocus. Toyota (TM, Financials) just had another solid month and it's starting to feel like clockwork.…
Business
Europe car sales gain most in 15 months as consumers warm to EVs
Europe’s new-car market rose the most in 15 months in July, as consumers shrugged off concerns over the global economy to splash out on…
Business
Lego Bets on Asia as sales hit record and market share climbs
After posting record half-year sales figures on Wednesday (Aug 27), Lego said it would sustain its momentum by doubling down on the market…