GOTHENBURG, Sweden -- Despite the headwinds facing electric vehicles in the U.S. under President Donald Trump, Volvo Car will start making a new EV there in late 2026 as planned, CEO Hakan Samuelsson told Nikkei in a recent interview.
Australian dollar, Brazil real rise as investors favor China ties
TOKYO -- Currencies of commodity-producing countries are diverging, as investors flock to those tied closely to China amid growing concerns over the U.S. economy.
Uber-backed Lime rolls out electric bikes in Japan, pivoting from e-scooters
TOKYO -- Micromobility startup Lime is shifting gears in Japan, launching e-bikes after struggling with its introduction of electric scooters.
Marubeni targets 80% cut in AI data center power use with Spanish tie-up
TOKYO -- Japanese trading house Marubeni debuts a service this month aimed at reducing data center power consumption for generative artificial intelligence, after teaming with a Spanish startup.
Buyout firm EQT sets sights on Japan's Kakaku.com, sending stock up 24%
TOKYO -- Kakaku.com shares surged here Thursday following the news that Swedish private equity group EQT was exploring a takeover of the Japanese consumer web portal.
How security concerns derailed MBK's bid for Japan's Makino Milling
TOKYO -- Japan's recommendation that private equity firm MBK Partners drop its bid to buy Makino Milling Machine on national security grounds reflects a tightening grip on core dual-use technologies that could stymie foreign investment.
Thailand's Siam Cement to freeze Vietnam petrochemical plant over Iran war
BANGKOK -- Thailand's Siam Cement Group will suspend operations at a petrochemical plant in Vietnam due to supply chain issues caused by the Iran conflict.
Japan investor NSSK to seek takeover of Makino Milling Machine
TOKYO -- Nippon Sangyo Suishin Kiko (NSSK), a Tokyo-based private equity firm, plans to make a takeover proposal to Japanese machine tool maker Makino Milling Machine, sources told Nikkei on Thursday.
Beijing's auto bash and Coupang under scrutiny
Hello from Hong Kong. This is Cissy, and I will be taking you through #techAsia this week.
The biggest news in the Chinese tech sector these days has been around DeepSeek, as everyone is wondering whether the AI startup will finally release its long-delayed V4 model this week, and of course, what kind of chips it will be trained on. If its model performance turns out to be as good as expected -- or even better -- and it is trained on domestic chips, that would
Hong Kong adds millions to PwC's penalties over Evergrande audit
HONG KONG -- Accounting giant PricewaterhouseCoopers has agreed to pay 1 billion Hong Kong dollars ($128 million) to independent minority shareholders of China Evergrande Group for its failure to properly audit the property developer, currently in liquidation.