Volkswagen is requiring around 300 GWh battery cells per year by the current decade's end for the carmaker's ambitious launch of electric cars in Europe, Reuters reported on Wednesday.
During early Wednesday's US trading hours, the stock price of General Motors surged by 2.71%. The surge was attributed to a broad stock market recovery and the news that demand for electric vehicles has been growing in China.
Italy's luxury fashion group Prada posted a robust recovery in its operating profits in the last year's second half, driven by surging Asian sales as well as e-commerce push together with strict costs and investments controls.
On Wednesday, Facebook reported it was triggering Instagram Lite in 170 countries, a new "lite" version that would allow access to media content service for users with a poor internet connection.
Just Eat Takeaway.com forecasts further growth this year, as business surged during the coronavirus pandemic, helping the company meet estimates for the full-year 2020 earnings.
On Wednesday, General Electric announced that Ireland's AerCap Holdings would buy its aircraft-leasing unit for over $30B.
During Wednesday's European trading hours, global stock indices surged, as a previously started recovery continued on.
Germany's sportswear maker Adidas anticipates a strong recovery in its 2021 sales led by the Chinese market, sending the company's shares up 3.5% on the forecast.
On Tuesday, Tesla shares surged almost 20%, marking the biggest daily gain in 2021 and rebounding from its deep selloff, following a report on a rise in the electric carmaker's Chinese sales.
On Wednesday, Asian shares rebounded from a two-month low. MSCI's broadest index of Asia-Pacific shares outside Japan rose by 0.40%, a day after it hit a two-month low.
On Tuesday, the South Korean-based e-commerce firm Coupang Inc seeks over $58B in its IPO debut in the New York Stock Exchange on February 11, as the firm boost its offering price range.
China has launched a coronavirus vaccination passport for its citizens, the Department of Consular Affairs under the Chinese Foreign Ministry announced on Tuesday.
On Tuesday, a US judge has approved a $1.5B Daimler AG's emissions settlement with the US government.
JPMorgan Chase & Co announced on its website that it will discontinue its Chase Pay digital wallet at the end of the month, adding that customers will be able to keep using their Chase cards.
LG Energy Solution aimed to produce battery cells for Tesla electric cars in 2023 and considered potential production sites in the US and Europe, sources familiar with the matter said.
On Tuesday, Wall Street's main indexes edged higher, as the Nasdaq Composite Index surged by 399.55 points or 3.17% at 9:59 a.m. ET.
The US-listed Chinese electric carmakers Nio Inc, Xpeng Inc and Li Auto Inc are seeking Hong Kong listings this year, with each company aiming to sell not less than 5% of the enlarged share capital.
SoftBank Group-backed firm Coupang seeks a $58B valuation in its US initial market offering, following the e-commerce giant's move to boost its listing price range on Tuesday.
During early Tuesday's US trading hours, the stock price of Tesla recovered by more than 12.00%, after it had hit a record low of 540.00 on Friday.
On Tuesday, Ireland's AerCap Holdings has confirmed the on-going negotiations with General Electric to buy its aircraft-leasing business.
Norway has halted Rolls-Royce's scheduled asset sale to a Russian firm, citing security grounds for the Norwegian navy, according to the justice ministry's statement made on Tuesday.
The next NASA-SpaceX crew launch to the International Space Station is delayed to April 22, the space agency reported on Tuesday.
On Tuesday, Vivendi's investor group is set to claim $1.2B in damages from the media giant, alleging the company had made false statements related to finances of a two-decade-old merger deal.
During Tuesday's European trading hours, stock indices in Europe surged, extending Monday's record surge.