Uncategorized – Page 140 – I wish I had more to offer

US new vehicle sales rise on strong demand, better supply

July 5 (Reuters) – New vehicle sales in the United States for top global automakers rose in the second quarter on improving supply and pent-up demand, signaling that rising interest rates have not yet had a meaningful impact on purchases. Vehicle production took a hit after the pandemic disrupted supply of semiconductor chips and other… Continue reading US new vehicle sales rise on strong demand, better supply

China’s Xpeng sees sales turnaround in second half with new EV model

SHANGHAI, July 5 (Reuters) – Chinese electric-vehicle maker Xpeng (9868.HK) forecast sharp growth in deliveries in the second half of the year thanks to its new model that is taking on Tesla (TSLA.O) with competitive prices and smart-driving technologies. Xpeng has received a “significant” amount of orders for its newly launched G6 pure electric crossover,… Continue reading China’s Xpeng sees sales turnaround in second half with new EV model

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TAIPEI, July 5 (Reuters) – Taiwan’s Foxconn, a major iPhone assembler for Apple Inc (AAPL.O), said on Wednesday that second quarter revenue dropped 13.8% year-on-year but the outlook for the third quarter was brighter ahead of peak shopping season at the end of the year. Foxconn (2317.TW), formally called Hon Hai Precision Industry Co Ltd… Continue reading Untitled

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Tesla, BYD’s China deliveries hit record high in Q2

BEIJING/SHANGHAI, July 4 (Reuters) – U.S. automaker Tesla (TSLA.O) and its chief Chinese rival BYD (002594.SZ) achieved record deliveries of their China-made vehicles in the second-quarter, China Passenger Car Association (CPCA) data showed, as a fight for market share heats up. Tesla sold 93,680 China-made electric vehicles (EVs) in June, up 18.72% from a year… Continue reading Tesla, BYD’s China deliveries hit record high in Q2

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TOKYO, July 5 (Reuters) – Financial firm SBI Holdings (8473.T) said on Wednesday it would help Taiwan’s Powerchip Semiconductor Manufacturing Corp (PSMC) (6770.TW) establish a factory in Japan as the country looks to revive it chip industry. SBI will establish a company to aid with planning and fundraising, including lobbying for government subsidies, and will… Continue reading Untitled

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BEIJING/SHANGHAI, July 5 (Reuters) – China’s export controls on metals used in making semiconductors are “just a start”, an influential trade policy adviser said on Wednesday, as it ramps up a tech fight with the U.S. days before U.S. treasury secretary Janet Yellen visits Beijing. Shares in some Chinese metals companies rallied for a second… Continue reading Untitled

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LONDON, July 5 (Reuters) – Cyber insurance rates dropped around 10% in June compared with a year earlier, reversing recent sharp rate rises, as claims proved smaller than expected, broker Howden said in a report on Wednesday. Cyber insurance rates more than doubled in 2021 during the COVID-19 pandemic, driven by a rise in so-called… Continue reading Untitled