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China's auto industry is unlikely to return to 'golden era,' NIO CEO says

China's auto industry is unlikely to return to 'golden era,' NIO CEO says

By Ju-min Park and Qiaoyi Li BEIJING, May 28 (Reuters) - China's auto industry has likely moved past its "golden era," NIO Chief Executive William Li said on Thursday, as a downturn in domestic car sales extended into May.
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China's April industrial profits grow at fastest pace in more than two years

China's April industrial profits grow at fastest pace in more than two years

BEIJING, May 27 (Reuters) - China's industrial profits in April grew at the fastest pace since November 2023, despite financial pressures stemming from softening domestic demand and rising component costs exacerbated by the Middle East crisis.
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Ferrari's New Electric Luce Faces Market Challenges Amidst Chinese EV Dominance

Ferrari's New Electric Luce Faces Market Challenges Amidst Chinese EV Dominance

Ferrari's New Electric Luce Faces Market Challenges Amidst Chinese EV Dominance
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Chinese brands gain as Europe car sales rise

Chinese brands gain as Europe car sales rise

By Mathias de Rozario May 27 (Reuters) - Demand for electrified cars kept Europe's auto market growing in April, offsetting weaker petrol and diesel demand and helping Chinese brands extend their market share, data from the European Automobile Manufacturers' Association showed on Wednesday.
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Nvidia sends blunt message on China AI chip demand

Nvidia sends blunt message on China AI chip demand

Nvidia (NVDA) is suffering from a China problem. However, it has a China opportunity as well. CEO Jensen Huangsaid the company’s prediction of a $200 billion central processing unit market includes China, showing that Nvidia still anticipates strong long-term demand in one of the world’s most ...
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Morning Bid: Wrong sort of 'boom' to start the week

Morning Bid: Wrong sort of 'boom' to start the week

By Mike Dolan May 26 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets After a long weekend in the United States and many other countries, markets returned ready to cheer signs that an Iran peace plan was near agreement, with world crude
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Nvidia chief Jensen Huang to join board of Beijing's Tsinghua University, FT reports

Nvidia chief Jensen Huang to join board of Beijing's Tsinghua University, FT reports

May 27 (Reuters) - Nvidia CEO Jensen Huang has agreed to join the advisory board of a Beijing university that counts Apple's Tim Cook as chair, the Financial Times reported on Wednesday, citing people familiar with the matter. Huang, who joined U.S.
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Hidden tunnels, fake doors: China probes mining tragedy that killed 82

Hidden tunnels, fake doors: China probes mining tragedy that killed 82

BEIJING, May 26 (Reuters) - Unmarked tunnels, missing trackers and fake doors have been uncovered during an initial probe into the deadliest mining tragedy in China in over 15 years, with the government vowing to leave no stone unturned, state media reported on Tuesday.
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Louis Navellier says oil price drop hides bigger opportunity

Louis Navellier says oil price drop hides bigger opportunity

According to the Iranian Revolutionary Guards Corps (IRGC), the possibility of a return to war with the U.S. was “low,” which sent crude oil prices plunging. Nonetheless, I am adding more energy companiessince their forecasted sales and earnings remain strong. Some of the energy stocks in our ...
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Tesla's Optimus robot plan hits major snag

Tesla's Optimus robot plan hits major snag

Tesla CEO Elon Musk let investors know early on that 2026 would be an expensive year for the company. Coming off of its first-ever decline in revenue and its second consecutive year of falling deliveries in 2025, 2026 was always going to be a pivotal year for the electric vehicle maker. Musk ...
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Pony.ai Continues Expansion Despite Safety Review in China

Pony.ai Continues Expansion Despite Safety Review in China

Pony.ai Continues Expansion Despite Safety Review in China
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Ferrari bets on generational tech shift with Luce five-seat EV

Ferrari bets on generational tech shift with Luce five-seat EV

By Giulio Piovaccari ROME, May 25 (Reuters) - Ferrari presented its first fully electric car on Monday, marking a high-stakes shift by the luxury sports car maker as competitors including Porsche and Lamborghini scale back their EV ambitions, citing weak demand.