Business
Thermal Battery Maker Antora Raises $550M as AI Strains Power
Antora Energy has raised $550 million in Series C funding to scale its thermal battery systems, which store electricity as heat and…
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Maker
Business
Tesla dethroned as the world's top EV maker
Elon Musk’s Tesla is no longer the top electric vehicle seller in the world as demand at home has cooled while competition heated up…
News
Tank maker KNDS has 350 orders so far for new Leopard 2 model
The Franco-German armaments group KNDS has received 350 orders from five countries for the latest version of the Leopard 2 battle tank, a…
Business
EV maker Seres steps out of Huawei’s shadow with Hong Kong listing debut
For years, Seres Group leaned on Chinese technology champion Huawei Technologies to transform an assembler of cheap minivans into the…
Politics
NATO drone maker says the West needs to stop overengineering its weapons
A Latvian drone maker told Business Insider that the war in Ukraine should change how the West approaches weapons. "At times we…
News
EV truck maker Rivian is laying off hundreds amid a slowdown in demand
The electric truck and SUV company Rivian will lay off hundreds of employees in an attempt to save cash as federal support for electric…
Business
Chinese battery maker CATL expects Hungarian production to start by early 2026
The battery maker has been extending its lead in the EV battery market, with a 38% share globally in 2024, up from 36% a year earlier…
Business
Chinese solar maker calls turning point for embattled industry
To help fix the industry, major firms intend to establish a fund of at least 50 billion yuan this quarter to purchase and shut down over…
Business
Whisky maker Suntory’s CEO resigns after possible purchase of illegal supplements
Suntory Holdings CEO Takeshi Niinami, one of Japan’s best-known business leaders, has resigned from the beverage group following a police…
Business
ChatGPT maker touts how AI benefits Californians amid safety concerns
OpenAI, the maker of popular chatbot ChatGPT, outlined how artificial intelligence is creating jobs and making Californians more…
Politics
A Ukrainian weapons maker is building a new unjammable drone with a 100-kilometer reach. It says 'the war has changed.'
A Ukrainian company says it's developing a new fiber-optic drone with a range of up to 100 kilometers. This would be a major upgrade for…
Business
Chinese drone maker DJI shut out of Washington with US market at risk
Chinese-owned and operated DJI Technologies is up against an end-of-year deadline to keep its US business alive, and the drone maker is…
News
'Call of Duty' maker goes to war with 'parasitic' cheat developers in L.A. federal court
Two summers ago, the Santa Monica-based company behind the popular video game “Call of Duty” sent a letter to a 24-year-old man in…
Business
Thai coconut water maker IFBH’s shares jump in Hong Kong debut
Shares of Thai coconut-water maker IFBH rose as much as 67 per cent on their first day of trading in Hong Kong following a HK$1.16 billion…
Business
AI toys and games? Barbie maker Mattel teams up with OpenAI to create new products
Your next toy or game may be able to converse with you. Mattel, the El Segundo toy maker behind Barbie and Hot Wheels, said Thursday that…
Business
Toyota sends first half of US$500 million pledge to air taxi maker
Joby says recently it now aims to start commercial services in Dubai by early 2026 after having previously targeted the end of this year…
Business
Denso in talks to buy Temasek-backed seed maker for US$500 million
Denso is in final talks to buy a Temasek-backed seed supplier for around US$500 million, as the Japanese vehicle parts supplier deepens…
Business
China EV maker XPeng set to turn profitable, says CGSI, lifting target price for the stock
Chinese EV maker XPeng could soon turn profitable, as strong vehicle sales and consensus-beating financials paint a bullish outlook,…
Business
Labubu maker Popmart flagged for global expansion potential; CGSI initiates coverage
[Hong Kong] CGS International (CGSI) has initiated coverage on Pop Mart’s stock with an “add” rating, citing the group’s transformation…
Business
Labubu maker Pop Mart flagged for global expansion potential; CGSI initiates coverage
CGS International (CGSI) has initiated coverage on Pop Mart’s stock with an “add” rating, citing the group’s transformation from a toy…
Business
23andMe sells gene-testing business to DNA drug maker Regeneron
Bankrupt genetic-testing firm 23andMe agreed to sell its data bank, which once contained DNA samples from about 15 million people, to the…
Politics
Barbie Maker Mattel Plans to Raise Prices Because of Trump’s Tariffs
Less than a week ago, President Trump suggested that children may have to make do with fewer toys this year. “Well, maybe the children…
Business
IPhone maker Hon Hai’s April sales surge 26% ahead of US tariffs
Hon Hai Precision Industry, the main contract manufacturer for Apple and Nvidia, said its April revenue rose 26 per cent, likely boosted…
Business
Chinese EV maker Nio’s challenges bleed into its bond prices
A rally in the price of Nio’s convertible bonds is not enough to allay concerns over the Chinese electric vehicle (EV) maker’s financial…