An analysis by Reuters showed that automakers would send $300 billion to develop electric vehicles in the next 10 years. German carmaker Volkswagen will spend $34 billion on initiatives related to electric cars and will buy batteries for $57 billion. The concern will produce 50 models of electric vehicles and 30 hybrid models by 2025. Interest in electric cars is associated with the development of technology and the tightening of climate and environmental standards. Almost half of the investment in electric cars - more than $135 billion - will be sent by China. For the first time in 20 years, the country recorded a decline in car sales. Output fell 6% in 2018. According to Bloomberg and the China Automobile Manufacturers Association (CAAM), sales of electric vehicles will increase by a third to 1.6 million.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...