Chinese Oil Importer Signals Decreased Demand, Impacts Crude Prices
Supertankers bound for China dwindle to a nearly two-year low, signaling potential softness in demand and impacting crude prices.
BYD Investment in New Plant to Advance Access to EU EV Market
BYD's plan to construct a $1 billion plant in Turkey aims to enhance its presence in the European Union amid looming tariffs on Chinese EV imports.
Artificial Intelligence Drives Surge in Electric Demand and Costs
The increasing energy demand from AI technologies is pushing electricity prices higher, prompting concerns over grid reliability and rising costs.
EU Imposes Tariffs on Chinese Electric Vehicles
The European Union implements higher duties on Chinese EVs to address unfair competition concerns, signaling a significant trade escalation.
China Includes Tesla in Government Procurement List
Tesla's placement on a Chinese government procurement list marks a significant move, highlighting China's open approach to non-Chinese brands.
Challenges Faced by America's Power Grid Amid AI Advancements
The impact of Gen AI architecture on the US power grid draws concern, emphasizing significant cost challenges, according to Baird strategist Ted Mortonson.
BYD Expands Electric Vehicle Manufacturing Into Thailand
BYD's unveiling of its new EV plant in Rayong, Thailand, signifies an expansion into Southeast Asia with an annual capacity of 150,000 vehicles.
Tesla Delays Indian Plant Amid Uncertainties
Elon Musk's Tesla faces setbacks in India as the billionaire hesitates on fresh investment, potentially due to capital constraints and global market challenges.
Fourth July Projected Gas Prices Reach Three-Year Low
GasBuddy forecasts a reduction in national average gas prices this Independence Day, a welcome development for consumers.