Tesla Inc’s Elon Musk joined Apple Inc’s Tim Cook, Mercedes-Benz Group AG’s Ola Källenius and other car and technology company bosses in emphasising the importance of maintaining ties with China in his first visit to the country since before the pandemic.

Musk echoes Apple, Mercedes CEOs on importance of China ties

Jensen Huang, chief executive officer of chip phenom Nvidia Corp, is getting the kind of treatment usually reserved for celebrities and sports stars during a trip to Taiwan.

Nvidia CEO gets rock star reception in Taiwan with AI stock surge

Nvidia Corp became the world’s first chipmaker with a US$1 trillion (RM4.6 trillion) market capitalisation, joining the ranks of just five American companies with valuations that high.

Nvidia surpasses US$1 trillion market valuation in massive AI bet

Qualcomm Inc is betting the future of artificial intelligence (AI) will require more computing power than what the cloud alone can provide.

Qualcomm says AI will demand more power than just the cloud

France will inaugurate on Tuesday (May 30) a battery-making gigafactory, the first of four such plants European and Asian companies plan to build in the north of the country.

The development by Automotive Cells Company, a joint venture between Stellantis, Mercedes and TotalEnergies, involves total investment of €2 billion (US$2.2 billion or RM9.86 billion) — with the French state and local authorities providing nearly half.

France inaugurates first of four gigafactories in the north

Grab will seek for new growth opportunities, although a geographical expansion is unlikely, as it continues to focus on Southeast Asia, Citi Investment Research analysts Alicia Yap and Nelson Cheung noted in their May 26 report.

Grab to explore new growth opportunities although geographical expansion unlikely

KUALA LUMPUR (May 30): Malaysia is one of the best countries for the electric vehicle (EV) industry, as it ticks all the right boxes for investments and exports, said the Electric Vehicle Association Of Malaysia (Evam).

Malaysia one of the best countries for EV industry, says association

China's Great Wall Motor Co Ltd is finalising plans to invest up to US$30 million (RM138.24 million) to set up a new battery pack assembly plant in Thailand, where it will start making a compact electric car next year, according to a company official.

China's Great Wall Motor plans EV battery assembly, research in Thailand

JAKARTA (May 30): Indonesia could receive an estimated US$31.9 billion in investments for projects tied to the battery supply chain by 2026, a senior government minister said on Tuesday, as the government looks to encourage value-added production.

Indonesia sees US$32 bil investment in battery chain — government official

It’s not every day that Cathie Wood labels a stock-market darling of the innovation economy too expensive.

But Nvidia Corp’s outsized jump has prompted an unusually sceptical response from the manager of the ARK Innovation ETF (ticker ARKK).

Too rich for Cathie Wood, Nvidia shares stretch valuation limits

Indonesia’s largest taxi operator will turn to BYD Co for 80% of its electric-vehicle (EV) fleet while reviewing its Tesla Inc orders as lower-cost models win out in the country.

BYD outbids Tesla to power Indonesian taxis

Shares in Chinese electric-vehicle maker Li Auto Inc have more than doubled from last year’s low and are tipped for further gains even as a slowing economy and price war hamper its rivals.

The Beijing-based automaker unexpectedly reported profits for the past two quarters by churning out a regular line-up of new models and keeping costs contained. Analysts remain bullish: Citigroup Inc predicts the firm’s shares will climb another 88% by year end, while Morgan Stanley raised its target price by more than 40% this month.

Li Auto seen winner of China EV race with 107% gain

The Big Tech rally of this year has further to run as the risk of a US recession drives investors into stocks that offer profitable growth in lean times, according to the latest Markets Live Pulse survey.

Big Tech rally will only grow further as recession worries reign, investors say

Buffeted by earthquakes and the potential of conflict with China, Taiwan’s leaders want to accelerate plans to make the island more resilient to communications breakdowns and direct attacks on its digital infrastructure.

It could be an impossible task.

Tech

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