Toyota Motor Corp.’s new Chief Executive Officer Koji Sato unveiled the beginnings of a long-awaited plan to electrify the automaker’s vehicle lineup during his first press conference, but stopped short of outlining concrete steps about how exactly the company will match its EV rivals abroad.
Samsung Electronics Co. said it’s cutting memory chip production after reporting its slimmest profit since the 2009 financial crisis, a significant step toward ending a supply glut that had cratered prices across the industry. Shares rose.
Toyota Motor Corp.’s new Chief Executive Officer Koji Sato unveiled the beginnings of a long-awaited plan to electrify the automaker’s vehicle lineup during his first press conference but stopped short of unveiling concrete steps around how the company will match its EV rivals.
South Korea will provide 7 trillion won ($5.3 billion) of financial support over the coming five years for local battery makers that are seeking to build plants in North America, a response to President Joe Biden’s historic climate bill that encourages electric car production in the US and the sourcing of EV supply chain components outside of China.
The US, Japan and South Korea urged countries to repatriate North Korean workers illegally sent abroad to earn cash for Kim Jong Un’s regime, as Pyongyang appears to be easing Covid-based border restrictions that left them in limbo.
Putting a temporary pause on artificial intelligence development would only hand an advantage to competitors in China, former Google CEO Eric Schmidt said, after more than 1,000 researchers signed a letter warning of the consequences of moving too quickly on AI research.
China’s small-cap growth shares are leading gains in onshore markets as Beijing’s push for self-reliance boosts optimism around home-grown tech names.
Shows like The Glory and Squid Game have become worldwide hits
Dogecoin fell as much as 9% as some Twitter users began to see their home buttons on the social media platform revert back to its iconic blue-bird logo after a few days of being replaced by the dog meme associated with the cryptocurrency.
Volkswagen AG believes that electric-vehicle incentives put in place by President Joe Biden’s Inflation Reduction Act will help the company more than double its share of the US market.
