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SHOCKS to supply chains are engulfing a wider swath of the global economy as the pandemic rages on, threatening to stifle Asia’s trade-led recovery just as soaring freight rates make it harder for businesses to weather another year like 2020.
Nidec says it can make key component for EVs cheaper
SHANGHAI: China’s electric vehicle (EV) market is ready to switch into high gear in the new year as automakers scramble to offer lucrative deals to attract environmental protection-conscious buyers and embrace the country’s carbon neutrality goal in the years to come.
THE first half of 2020 has undeniably taught businesses, the world over, many valuable lessons. The impact of Covid-19 has been extensive, far-reaching and likely to be long-lasting.
PETALING JAYA: The local automotive industry, which is already seeing a boost in the form of an extended tax holiday this year, is also set to benefit from stronger economic growth and favourable foreign exchange.
BEIJING/YIWU: China's harsh winter and stunning manufacturing recovery this year have pushed up electricity demand across the country's industrial belt, complicating Beijing's drive to cut businesses' power usage and their reliance on polluting coal-fired energy.
German sportswear maker Adidas AG said on Monday it is considering strategic options, including a potential sale, for Reebok, 15 years after it bought the U.S.-focused brand to take on archrival Nike Inc on its home turf.