BEIJING, Nov 4 (Reuters) – Tesla’s (TSLA.O), opens new tab China-made electric vehicle sales fell 9.9% to 61,497 units in October from a year earlier, reversing a 2.8% increase in September, data from the China Passenger Car Association showed on Tuesday. Sales of the U.S. automaker’s Model 3 and Model Y vehicles made at its…
COPENHAGEN, Nov 4 (Reuters) – Volvo Cars <VOLCARb.ST, opens new tab> sold 60,455 cars in October, down 2% compared to the same period last year, the Sweden-based company said on Tuesday. “This month’s sales figures reflect the challenging market conditions that continue to impact our business,” Chief Commercial Officer Erik Severinson said in a statement….
Nov 3 (Reuters) – Electric aircraft maker Beta Technologies has raised $1.01 billion in its U.S. initial public offering on Monday, pricing its shares above its indicated range and underscoring the strong pipeline of new listings in the resurgent IPO market. The Vermont-based company sold 29.9 million shares at $34 apiece, above its indicated range…
BEIJING, Oct 31 (Reuters) – China’s Shenzhou-21 space rocket and its crew including the youngest member of its astronaut corps blasted off on Friday atop a Long March-2F rocket from the Jiuquan Satellite Launch Centre in northwest China, Chinese state media reported. It was the seventh mission to the permanently inhabited Chinese space station since…
LITTLETON, Colorado, Oct 30 (Reuters) – China’s booming car sector has upended the entire global carmaker industry over the past decade, especially its EV producers which have supplanted combustion engine cars in sales at home and have flooded global markets with record exports. But the country’s electric vehicle output and exports may now hit reverse…
Alphabet’s strong cash flow supports capital spending Investors cautious of AI investments with unclear returns Zuckerberg acknowledges risks of over-investing in AI Oct 30 (Reuters) – Three of the biggest U.S. technology companies flagged plans on Wednesday to accelerate capital spending over the next year but investors were most accepting of Google-parent Alphabet’s (GOOGL.O), opens…
SAN FRANCISCO, Oct 29 (Reuters) – OpenAI is laying the groundwork for an initial public offering that could value the company at up to $1 trillion, three people familiar with the matter said, in what could be one of the biggest IPOs of all time. OpenAI is considering filing with securities regulators as soon as…
BEIJING, Oct 30 (Reuters) – China has announced it will arrange for a Pakistan astronaut to perform short-term missions as part of China’s space station missions, state news agency Xinhua said on Thursday. The astronaut from Pakistan will train alongside Chinese astronauts, Xinhua said. Sign up here. Reporting by Liz Lee and Qiaoyi Li; Editing…
ORLANDO, Florida, Oct 28 (Reuters) – Another wave of U.S. tech euphoria lifted Wall Street to new highs on Tuesday, this time in the shape of a deal between Microsoft and OpenAI, a day ahead of a clutch of U.S. Big Tech earnings and the Federal Reserve‘s policy decision. In my column today, I look…
People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik HONG KONG, June 30 (Reuters Breakingviews) – To divine the fate of Hong Kong’s market, look to two of the year’s biggest offerings: Contemporary Amperex Technology (300750.SZ), opens new tab, the…