Volkswagen AG
Taking on China from Russia’s border: Inside Europe’s biggest rare earths factory
A view of the NEO magnetic plant in Narva, a city in northeastern Estonia. A plant producing rare-earth magnets for Europe’s electric vehicle and wind-energy sectors. Xinhua News Agency | Xinhua News Agency | Getty Images NARVA, Estonia — Europe’s big bet to break China’s rare earths dominance starts on Russia’s doorstep. The continent’s largest […]
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What’s going on at Nexperia? Dutch chipmaker issues urgent plea to its China unit
This photograph shows a general view of Nexperia headquarters in Nijmegen on November 6, 2025. John Thys | Afp | Getty Images Dutch chipmaker Nexperia has publicly called on its China unit to help restore supply chain operations, warning in an open letter that customers across industries are reporting “imminent production outages.” Nexperia’s Dutch unit […]
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Here’s what’s behind Tesla’s 3-year sales low in China
Tesla sales in China dropped to a three-year low in October, raising concerns the electric vehicle maker could see its first full-year sales decline in the country this year. Fierce competition from local rivals such as NIO and Li Auto — both reporting this week — and a bruising price war in the face of […]
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Dutch halt state intervention at Chinese-owned chipmaker Nexperia, paving way for exports to resume
This photograph shows a general view of Nexperia headquarters in Nijmegen on November 6, 2025. John Thys | Afp | Getty Images The Dutch government on Wednesday said it suspended its intervention at Chinese-owned chipmaker Nexperia, following constructive talks with Chinese authorities. “We see this as a show of goodwill,” Dutch Economy Minister Vincent Karremans […]
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Population 1,400: I stayed on a tiny Greek island where EVs take charge
Astypalea’s Chora, or capital. Ed Moskalenko | Getty Images The tiny, butterfly-shaped Greek island of Astypalea has all the ingredients for a relaxing vacation: myriad beaches with clear waters, great seafood and a castle perched above a traditional white town with winding alleys and views across the Aegean Sea. It’s also less developed than its […]
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Nexperia parent shares jump 6% as Beijing signals thaw in tensions with Netherlands
This photograph shows a general view of Nexperia headquarters in Nijmegen on November 6, 2025. John Thys | Afp | Getty Images Shares of Wingtech Technology, parent company of chipmaker Nexperia, extended gains on Monday after Beijing agreed to further talks with a Dutch delegation, easing concerns about a global auto supply crunch. Shanghai-listed Wingtech Technology […]
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Xpeng to let other carmakers use its partly-autonomous driving system
Key Points Chinese electric car company Xpeng is releasing a new version of its driver-assist system that it says significantly reduces the need for human intervention. The company is opening the tech to other companies, starting with Volkswagen. Xpeng also claimed the new system outperforms Tesla’s Full Self-Driving in certain aspects. Source
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CNBC Daily Open: Outside AI, the market isn’t looking that hot
CFOTO | Future Publishing | Getty Images The “everything store” might have secured its biggest customer yet. On Monday, Amazon announced that it had signed a $38 billion deal with OpenAI, offering the ChatGPT maker access to Amazon Web Services’ infrastructure. On the one hand, the move isn’t too surprising — a continuation of OpenAI’s spending spree […]
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Goldman just updated its global list of top stocks — and gives 5 over 70% upside
Goldman Sachs has updated its top global stock picks for November, with five stocks being rated with an over 70% upside. The names come from the bank’s “Conviction List – Directors’ Cut,” a monthly list of recommended stocks to buy that is decided by a subcommittee. In Europe, the committee added Danish logistics firm DSV […]
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Tesla faces widening federal probe into door handle safety issues
Tesla models Y and 3 are displayed at a Tesla showroom in Corte Madera, California, on Dec. 20, 2024. Justin Sullivan | Getty Images Tesla has been ordered to provide records to U.S. federal auto safety regulators to comply with a sweeping investigation into possible safety defects with the company’s flush-mounted, retractable door handles that […]
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