China Nio shares soar 20% as EV deliveries more than double in April

Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Shares of Chinese electric vehicle maker Nio Inc jumped 20% Thursday after its vehicle deliveries more than doubled in April. Hong Kong-listed shares of the company jumped … Read more

Apple adds suppliers in China despite efforts to spread out production, underscoring country’s major supply chain role

Apple added eight Chinese suppliers and removed four contractors on the mainland during its past financial year ended September, the first time since 2021 that the US tech giant introduced more suppliers from the country than it cut, according to its newly published supplier list. Despite Apple’s recent efforts to diversify its supply chain and … Read more

Tesla shares slide, Li Auto sinks as EV makers slash prices

Pedestrians walking past a Tesla store in Shanghai, China, on March 14, 2024. CostFoto | Nurphoto | Getty Images Tesla shares sank 3% in premarket trading Monday, while China’s Li Auto plummeted to an 11-month low, after both companies slashed prices of their electric vehicles in various markets amid intense competition. U.S. EV giant Tesla … Read more

Tech venture capital firm GGV’s Asia business weighs a foray into private debt after split from US counterpart

The Asia partnership, which is led by Jenny Lee and Jixun Foo in Singapore, has been rebranded as Granite Asia. Its name comes from Granite Global Ventures, GGV’s original handle when the firm was founded in 2000. Singapore-based Granite Asia is headed by senior managing partners Jenny Lee (above) and Jixun Foo. Photo: Bloomberg The … Read more

India’s Millions of Dairy Farms Creating Tricky Methane Problem

BENGALURU, India —  Abinaya Tamilarasu said her four cows are part of the family. She has a degree in commerce from a local college, but prefers being home milking cows and tending to her family’s land. “Our family cannot let farming go, it’s a way of life for us,” said the 28-year-old, who lives on … Read more

brain tumour: Apollo Hospital unveils first ZAP-X brain tumour treatment in South Asia – The Economic Times Video

The Apollo Hospital in Delhi, which has been the forerunner of healthcare and challenged limits to providing exceptional care, has unveiled ZAP-X, an innovative technology designed for the treatment of brain tumours in sessions lasting 30 minutes. Follow @EconomicTimes Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all … Read more

China EV shares are feeling the heat as price war concerns grow

New cars of the “Dolphin” model from Chinese car manufacturer BYD are in the harbor.  Picture Alliance | Picture Alliance | Getty Images Chinese electric vehicle makers shares listed in Hong Kong fell on Tuesday as worries of price wars in the sector grew. China’s EV market, the world’s largest and most crowded, is seeing … Read more

Alibaba’s South Asian e-commerce unit Daraz to conduct new round of lay-offs

“Reluctantly, we will bid farewell to many valued members of the Daraz family,” acting chief executive James Dong said in an internal memo published on the company’s website on Tuesday. Alibaba, owner of the South China Morning Post, acquired Daraz in 2018. “Despite our efforts to explore different solutions, our cost structure continues to fall … Read more

Electric air transport set to take off with air taxis, cargo deliveries

A model of a Wisk Aero LLC electric vertical takeoff and landing (eVTOL) air taxi during the Singapore Airshow in Singapore, on Wednesday, Feb. 21, 2024.  Bloomberg | Bloomberg | Getty Images SINGAPORE — Among displays of defense jets, passenger airliners and high-tech aviation equipment at the Singapore Airshow were electric air transport vehicles — … Read more

How ‘quiet luxury’ is subtly taking over investor portfolios

VIENNA, AUSTRIA – NOVEMBER 25, 2022: Karin Teigl is seen wearing Hermès yellow leather mini Kelly, Baum & Pferdgarten green leather jacket, Lumina beige cropped turtleneck sweater and vintage checked green yellow pants. Jeremy Moeller | Getty Images Quiet luxury was one of last year’s biggest viral fashion trends on social media — but unlike … Read more