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Tesla will explore locations in India this month to set up an electric vehicle factory with an investment of up to $3 billion, according to a Financial Times report, in a boost to Prime Minister Narendra Modi's plans to bolster domestic manufacturing.
BANGKOK -- Thai petrochemical producer Indorama Ventures will pull back on acquisitions to focus on curbing debt, Group CEO Aloke Lohia told Nikkei, as the company grapples with growing competition from inexpensive Chinese products.
SEOUL -- Samsung Electronics unveiled a new line of AI-based home appliances on Wednesday, including refrigerators and washing machines equipped with screens and voice recognition, as the company hopes to use high-value-added products to fight off Chinese competition.
TAIPEI -- TSMC and Foxconn are not the only Taiwanese tech companies feeling compelled to expand abroad. Suppliers of chip and electronics tools, materials and plant builders are also venturing beyond the island as top clients undertake their biggest overseas expansion in decades.
HANOI -- From Samsung Electronics to LG, South Korean companies have long led foreign direct investment in Vietnam, making the Southeast Asian country a critical manufacturing hub in global supply chains. But they are now being pushed back by Chinese peers, according to the representative of the Korea Chamber of Commerce and Industry (KCCI) in the country.
Katsuji Nakazawa is a Tokyo-based senior staff and editorial writer at Nikkei. He spent seven years in China as a correspondent and later as China bureau chief. He was the 2014 recipient of the Vaughn-Ueda International Journalist prize.
SHANGHAI -- U.S. Treasury Secretary Janet Yellen is due to arrive Thursday in Guangzhou, on a mission to stabilize ties with China while pressing officials on industrial overcapacity that looms over the global economy.
MANILA - The Philippines is prepared to respond to China's attempts to disrupt its supply missions in the South China Sea and protect its troops stationed in the waterway, a top security official said on Wednesday (April 3).