Apple, P&G, and More: Global Brands Bet on China's Comeback 2024.02.05 Apple, despite 13% plunge in Greater China sales..."Very optimistic about China" P&G "China poised to add about 200 million middle-class consumers" Increased competition from local players - China's economic slowdown is a risk factor Apple and Procter & Gamble (P&G),.

Nvidia Takes on Huawei in AI Semiconductor Market with Budget-Friendly Chips for China 2024.02.03 Nvidia is reportedly selling new AI semiconductors to China at low prices. The semiconductors are expected to have weaker features than Huawei's products, but at a lower price. Nvidia has reportedly started taking pre-orders in the Chinese market.

Strong iPhone Sales Drive Apple's Q4 Earnings, China Market Declines 2024.02.03 [iNews24 Yongsam Kwon] In last year’s last quarter, Apple beat market estimates, ending a five-quarter run of negative growth. However, the “iPhone ban” and other reasons caused its sales in China, a crucial market, to drop dramatically. Apple announced on the 1st (local time) that it recorded $119.58 billion in sales and $2.18 in net […]

Kia Dominates Last Month's Sales Charts as the Best-Selling Car 2024.02.02 Kia sold a total of 249,940 vehicles in the global market in January. The best-selling car was the Sportage with 45,905 units, followed by the Sorento and Seltos. In Korea, the Sorento was the top seller with 9284 units...

Hyundai India Achieves Record Domestic Sales in January 2024 2024.02.02 [TheGuru=Yoon Jin-woong] Hyundai Motor Company set a fast pace in the Indian market last month. The automaker's efforts to penetrate the domestic market with its overseas strategic small sport utility vehicle (SUV) model, the Creta, resulted in the most sales ever...

Toyota Faces Quality Issues: Cuts Production and Delays New Car Development 2024.02.02 Falsifying quality-related data to gain certification Reduced operating hours, early retirements, and insufficient inspections Popular cars, other plants also take extraordinary measures to restore production quality and trust Japan's Toyota Motor Corp. will reduce the upper limit on operating hours at its automobile plants in Japan by 30 minutes this year...

Microsoft and OpenAI Considers Investing in Humanoid Robotics 2024.02.01 The two companies are considering investing up to $100 million together Big tech company Microsoft (MS) and ChatGPT developer OpenAI are in talks to invest in humanoid robot development startup FigureAI...

China's Economy Slows: Manufacturing PMI Contracts for Fourth Straight Month 2024.02.01 China's manufacturing PMI rose to 49.2, showing signs of recovery, but recession fears remain. Small and medium-sized enterprises are especially struggling, and economic growth targets have been lowered. Deflationary pressures are mounting as prices fall and wages decline...

Chinese Automaker Dongfeng Reveals the eπ 007: A Tesla Rival on a Budget 2024.02.01 Chinese automaker Dongfeng eπ 007 Dongfeng Motors is a reasonably large automobile company in China. South Korea is well-known for its partnership with Kia, establishing Dongfeng Yueda Kia. Like many large Chinese automakers, Dongfeng has several sub-brands, one of which is the electric vehicle brand eπ. Recently, eπ unveiled a new car named 007. The design […]

Kia's EV9 Nominated as Finalist for Women's Worldwide Car of the Year 2024.02.01 [TheGuru=Jinwoong Yoon] Kia's flagship dedicated EV model, the EV9, has been named a finalist for the 2024 Women's World Car of the Year (WWCOTY)...

Korea's KAI Achieves Milestone in Boeing A-10 Wing Structure Project 2024.02.01 Airframe Business Division shipped the 200 units of A-10 wing structure200 units produced within two years of initial delivery The Boeing A-10 wing structure supply project of Korea Aerospace Industries (KAI) is going smoothly. KAI focuses on fulfilling the contract by shipping 200 wing structures worth 330 billion won (approximately $278 million) scheduled to be […]

XREAL's $60 Million Investment Boost: Ready to Challenge Apple's Vision Pro 2024.01.31 A visitor tries on Xreal's smart glasses 'Air 2 Ultra' at CES 2024 in Las Vegas, Nevada, U.S., on Jan. 10.

The first Lamborghini EV coming in 2028 2024.01.31 [iNews24 reporter Song Dae-Sung]Lamborghini's first pure electric car will be launched in 2028.

Trump's 'America First' Policy: A 60% Tariff Threat Looms Over Foreign Cars 2024.01.31 "I want all kinds of cars to be made in the U.S." Former President Donald Trump (pictured), who is seeking to return to power in November's U.S. presidential election, has been making a series of "America First" pledges...

Lamborghini Aims for 50% CO2 Emission Reduction by 2025, 80% by 2030 2024.01.31 Lamborghini announced on January 30, 2024 that it is expanding its decarbonization strategy...

Tesla Continues to Expand Chinese Market 2024.01.31 Tesla's sales in China continue to grow. Tesla sold 484,507 vehicles in the fourth quarter of 2023, up 19.55% year-over-year, including 39...

US Court Rules Tesla Board Improperly Set Elon Musk's $56 Billion Package 2024.01.31 74 trillion won package including wages and stock purchases Court "Board set wages unfairly" Board of directors, including brother, set wages Tesla CEO Elon Musk's wages are expected to be cut...

Chinese EV Giant BYD Expects Nearly 90% Jump in 2023 Net Profit 2024.01.31 China's BYD has projected strong growth in net profit for 2023 due to record sales of new energy vehicles, Chinese electric vehicle portal cnevpost reported...

Volkswagen's China Gamechanger: Electric Vehicle Sales Soar by 23.2% in 2023 2024.01.31 Volkswagen sold 3.24 million new vehicles in China in 2023, up 1.6 percent year-on-year, including 192,800 battery electric vehicles, up 23.2 percent. By model, the ID.3 was the best-selling model with more than 75,700 units...

Tesla's Billion-Dollar Vision: $10 Billion in Capital Expenditure This Year 2024.01.31 On January 29, 2024, Tesla announced that it will increase its capital expenditure plan to $10 billion this year. This comes on the heels of spending $8.9 billion in 2023...

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