The solar sector shows how China conducts industrial policy: It chooses industries to dominate, floods them with loans and lets companies fight it out.
Category: Factories and Manufacturing
-
Explosion Reported at Jose Cuervo Tequila Factory in Mexico
The explosion occurred on Tuesday in the city of Tequila, near Guadalajara. The scale of the damage was not immediately clear.
-
Tesla Q2 Earnings Report Reveals 45% Profit Drop Amid Weak E.V. Sales
The company led by Elon Musk is selling fewer electric cars, and its big bets on driverless taxis and artificial intelligence could take many years to pay off.
-
Ford Will Make Gasoline Trucks Not Electric Vehicles in Canada Plant
Ford will build large pickups at a Canadian factory that it had previously slated to produce electric vehicles, sales of which have slowed in recent months.
-
China Is Holding a Major Meeting on the Economy That You Can’t Watch
President Xi Jinping will preside over a conclave to draft a new economic program. The stakes are high, but expectations for big changes are modest.
-
China’s Economy Slows as Housing Troubles Squeeze Spending
After a strong start to the year, spending has weakened as a real estate downturn weighs on consumers and companies. Communist Party leaders are meeting this week to discuss what to do about it.
-
China Reaches Record Trade Surplus, Raising Alarm Abroad
China’s factories have begun an export blitz, prompting worries around the world about the effect on economies elsewhere.
-
Biden Offers $1.7 Billion to Help Factories Build Electric Vehicles
A Jeep plant that closed last year will be among those that will benefit from federal grants meant to help automotive manufacturers and protect jobs.
-
U.S. Creates High-Tech Global Supply Chains to Blunt Risks Tied to China
The Biden administration is trying to get foreign companies to invest in chip-making in the United States and more countries to set up factories to do final assembly and packaging.
-
Boeing Agrees to Plead Guilty to Felony in Deal With Justice Department
As part of the deal, stemming from fatal 737 Max crashes in 2018 and 2019, the company agreed to pay a fine of nearly half a billion dollars and strengthen its safety programs.
-
As the E.V. Revolution Slows, Ferrari Enters the Race
Growth in electric vehicle sales has been slowing, but the Italian luxury carmaker is stepping up investment and setting ambitious targets.