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29.01.26 - 03:30
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Tesla reports first ever annual revenue decline as China′s EV giants zoom ahead (SCMP)
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Tesla confirmed that its annual revenues fell for the first time in the company's history last year, as the firm announced plans to pivot towards humanoid robots and possibly build its own semiconductor factories during an earnings call on Wednesday.
The US-based company reported total revenues of US$94.8 billion for 2025, down by 3 per cent compared with the previous year. But revenues and gross profits beat analysts' estimates in the final quarter of last year, coming in at US$24.9 billion and......
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29.01.26 - 03:27
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Century Aluminum To Construct First US Aluminum Plant In More Than 40 Years (ZeroHedge)
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Century Aluminum To Construct First US Aluminum Plant In More Than 40 Years
Authored by Naveen Athrappully via The Epoch Times (emphasis ours),
Illinois-based Century Aluminum Co. has entered into a joint development agreement with Emirates Global Aluminium (EGA) to construct the “first new primary aluminum production plant in the United States since 1980,” Century said in a statement on Jan. 26.
Employees work with aluminum ingots at a factory in Huaibei, Anhui province, China, on Feb. 9, 2022. STR/AFP via Getty Images
Primary aluminum production involves smelting alumina to produce new aluminum metal. This differs from secondary production, in which existing aluminum is recycled.
“The new plant, to be built in Inola, Oklahoma, as previously announced by EGA, is expected to produce 750,000 tonnes of aluminum per year, larger than previously envisioned and more than doubling current U.S. production. The Inola plant will create 1,000 permanent direct jobs at the facility and 4,000 jobs du...
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29.01.26 - 03:27
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GM CEO Warns Of ′Very Slippery Slope′ As Canada To Import Cheap Chinese EVs (ZeroHedge)
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GM CEO Warns Of 'Very Slippery Slope' As Canada To Import Cheap Chinese EVs
Shortly before Davos, Canada and China announced a 5-point 'strategic partnership' which includes slashing tariffs on Chinese EVs from 100% to 6.1% for the first 49,000 units, in exchange for China cutting tariffs on Canadian canola from 85% to 15% until at least the end of the year.
After Donald Trump stomped his feet and threatened to slap a 100% tariff on Canadian exports, PM Mark Carney assured the US that the deal with China was simply 'rectifying' some 'issues' that developed over the last several years.
Yet, the reduced EV tariffs remain...
In response, General Motors CEO Mary Barra told employees at an all-hands meeting that the EV deal is a risk to North American auto manufacturing, WSJ reports.
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Im...
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29.01.26 - 03:06
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Winery owner inspires daughter to build online video channel and take Chinese wine global (SCMP)
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Turning something you love into a thriving business is the dream of many people. And it is even more special when that passion passes down from one generation to the next.
Beijing native Chen Lizhong is one of the lucky people who has had the chance to accomplish both. She is the founder and owner of Tiansai Vineyards, a boutique winery located in Bayingolin Mongol autonomous prefecture, also known as Bazhou, in China's far-west Xinjiang region.
“Owning a winery had been my dream for years......
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29.01.26 - 02:48
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Japanese Market Slightly Higher (AFX)
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TOKYO (dpa-AFX) - The Japanese market is trading slightly higher in choppy session on Thursday after opening well in the red, extending the gains in the previous two sessions, following the mixed ......
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