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CHINA FACTORY GLUT
Korea taps Samsung, SK Hynix in $576 billion AI-chip drive to cement global leadershipThe plan, anchored by Samsung Electronics and SK Hynix, marks Lee's boldest push yet to align South Korea's AI and chip ambitions with his ...- Global clean-energy manufacturing supply far exceeds demandGlobal clean-energy manufacturing capacity now exceeds demand. Asia, led by China, dominates production, pushing prices down. This oversupp...
- Charting the global economy: War fuels inflation, saps sentimentSurging fuel costs from the Iran war are driving a rapid increase in global inflation and a significant drop in consumer confidence.
- Oil moves lower on Ukraine talks, weak China dataGlobal oil prices dipped again Tuesday as hopes for a Russia-Ukraine peace deal grew, potentially easing sanctions. Unprecedented U.S. secu...
- Inside factories in China, a struggle to survive Trump's tariffsDespite difficulties, some manufacturers remain optimistic, citing China's strength and their ability to endure, particularly in sectors wh...
- Inside factories in China, a struggle to survive Trump's tariffsChinese factories in Guangzhou face challenges as President Trump's tariffs reach 125%, causing order cancellations and uncertainty. Small ...
- Xiaomi says it has no plan to launch its electric car, SU7, in IndiaXiaomi's electric car, the SU7, won't be coming to India anytime soon. The company is prioritizing the Chinese market after successful init...
- Polysilicon prices forecast to rise on Chinese production cutsThe declines in production are being abetted by seasonal factors including a week-long public holiday in early October and drier weather re...
- The world needs more batteries — but not this manyThe oversupply of battery factories being constructed globally is set to exceed the demand for lithium-ion cells in the coming years, accor...
- China’s factory glut alarms the world but there’s no quick fixComplaints about China's factory overcapacity are growing, but Beijing is hesitant to make changes that could harm its fragile economy. The...
- 'It is desolate': China's glut of unused car factoriesThe facility, a former assembly plant and engine factory, had been a joint venture of a Chinese company and Hyundai, the South Korean giant...
- China's Xiaomi says it will start deliveries of its first EV model on March 28The smartphone maker, China's fifth-largest, said in a Weibo post it has 59 stores in 29 cities nationwide that will take orders. A launch ...
- China's Xiaomi unveils first electric vehicle, plans to become top automakerThe sedan, dubbed the SU7, will make its debut at a time when the world's largest auto market is wrestling with a capacity glut and slowing...
- Elon Musk expected to visit China this week, meet officialsMusk is expected to meet senior Chinese officials and to visit Tesla's Shanghai plant, two of the sources said.
- Chip clients evaluating supply chain resilience: Taiwan chipmaker UMCAsked on an earnings call about US and European chip designers shifting orders away from Chinese factories, UMC co-president Jason Wang sai...
- Tesla slashes China prices by up to 9% as analysts warn of 'price war'The price cuts, posted in listings on the electric vehicle (EV) giant's China website on Monday, are the first by Tesla in China in 2022, a...
- China's new solar policy may delay India's plan to make panelsIndia has an annual solar-cell manufacturing capacity of about 3 gigawatts while the average annual demand is 20 gigawatts, according to In...
- Zoomlion says to book Q3 loss on weak yuan, supply glutZoomlion expects to report a net loss of between 190 million yuan and 290 million yuan ($30 million to $45.7 million) for the June to Septe...
- Sugar, sugar it's like being canedIt’s a problem of plenty for the sugar sector in Maharashtra. The state might have outstripped US in sugar production.
- China unveils auto investment curbsChina announced curbs Tuesday on surging investment in its auto industry, extending controls already imposed in other fields in an effort t...
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