News

Nissan has named Ivan Espinosa as its new CEO, effective April 1, 2024. Espinosa, who has been with the company since 2003, has extensive experience in product planning and development, and will take over from Makoto Uchida, who is stepping down after facing pressure due to declining earnings and the collapse of merger talks with Honda.

BYD unveiled a new EV platform with ultra-fast charging capabilities, aiming to address "charging anxiety" among drivers and further solidify its position as a major player in the global EV market. The platform boasts charging speeds twice as fast as Tesla's superchargers, enabling cars to travel 400 km on a 5-minute charge.

Asian stocks got a mixed start to the week as uncertainty over President Trump's tariffs persisted, with China leading losses and Japan's Nikkei edging higher. Meanwhile, Wall Street rebounded after a volatile week, with the Federal Reserve Chair easing market concerns and U.S. job growth accelerating.

U.S. stocks rebounded on Monday after last week's plunge, with the S&P 500 rising 0.6% and the Dow Jones Industrial Average climbing 0.9%. Investors remain cautious, however, as they await the Federal Reserve's decision on interest rates later this week and continue to worry about President Trump's trade war.

Japan successfully launched the Michibiki No. 6 satellite, a key component of its satellite navigation program, marking the H3 rocket's fourth consecutive successful launch and a step towards achieving independence from foreign satellites. This launch brings Japan closer to its goal of completing a fully independent seven-satellite network by March 2026.