Tesla begins Model 3 delivery in China ahead of schedule

Tesla announced Friday during an event in Beijing that it’s beginning delivery of the Model 3 in China, at least a week earlier than expected. Elon Musk’s electric car company said in January it planned to start deliveries of the vehicle in China in March. State-funded Chinese news site The Paper also reported Friday that a ship carrying more than 1,600 Model 3 vehicles had arrived in Shanghai. In January, Tesla broke ground on its factory in Shanghai and production is expected to begin in the s


Tesla announced Friday during an event in Beijing that it’s beginning delivery of the Model 3 in China, at least a week earlier than expected. Elon Musk’s electric car company said in January it planned to start deliveries of the vehicle in China in March. State-funded Chinese news site The Paper also reported Friday that a ship carrying more than 1,600 Model 3 vehicles had arrived in Shanghai. In January, Tesla broke ground on its factory in Shanghai and production is expected to begin in the s
Tesla begins Model 3 delivery in China ahead of schedule Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: evelyn cheng, mason trinca, the washington post, getty images
Keywords: news, cnbc, companies, china, schedule, model, ahead, worlds, electric, begins, vehicles, tesla, company, delivery, yearthe, week, chinese


Tesla begins Model 3 delivery in China ahead of schedule

Tesla announced Friday during an event in Beijing that it’s beginning delivery of the Model 3 in China, at least a week earlier than expected.

Elon Musk’s electric car company said in January it planned to start deliveries of the vehicle in China in March.

State-funded Chinese news site The Paper also reported Friday that a ship carrying more than 1,600 Model 3 vehicles had arrived in Shanghai.

In January, Tesla broke ground on its factory in Shanghai and production is expected to begin in the second half of this year.

The company has said manufacturing in the world’s largest market for electric cars would help reduce transport and tariff costs. The automaker said in October it operates at a 55 percent to 60 percent cost disadvantage compared with its Chinese peers.

Tesla’s revenues from China fell 13 percent last year to $1.8 billion, the company disclosed in a filing with the U.S. Securities and Exchange Commission on Feb. 19.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: evelyn cheng, mason trinca, the washington post, getty images
Keywords: news, cnbc, companies, china, schedule, model, ahead, worlds, electric, begins, vehicles, tesla, company, delivery, yearthe, week, chinese


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Tesla begins Model 3 delivery in China ahead of schedule

Tesla announced Friday during an event in Beijing that it’s beginning delivery of the Model 3 in China, at least a week earlier than expected. Elon Musk’s electric car company said in January it planned to start deliveries of the vehicle in China in March. State-funded Chinese news site The Paper also reported Friday that a ship carrying more than 1,600 Model 3 vehicles had arrived in Shanghai. In January, Tesla broke ground on its factory in Shanghai and production is expected to begin in the s


Tesla announced Friday during an event in Beijing that it’s beginning delivery of the Model 3 in China, at least a week earlier than expected. Elon Musk’s electric car company said in January it planned to start deliveries of the vehicle in China in March. State-funded Chinese news site The Paper also reported Friday that a ship carrying more than 1,600 Model 3 vehicles had arrived in Shanghai. In January, Tesla broke ground on its factory in Shanghai and production is expected to begin in the s
Tesla begins Model 3 delivery in China ahead of schedule Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: evelyn cheng, mason trinca, the washington post, getty images
Keywords: news, cnbc, companies, china, schedule, model, ahead, worlds, electric, begins, vehicles, tesla, company, delivery, yearthe, week, chinese


Tesla begins Model 3 delivery in China ahead of schedule

Tesla announced Friday during an event in Beijing that it’s beginning delivery of the Model 3 in China, at least a week earlier than expected.

Elon Musk’s electric car company said in January it planned to start deliveries of the vehicle in China in March.

State-funded Chinese news site The Paper also reported Friday that a ship carrying more than 1,600 Model 3 vehicles had arrived in Shanghai.

In January, Tesla broke ground on its factory in Shanghai and production is expected to begin in the second half of this year.

The company has said manufacturing in the world’s largest market for electric cars would help reduce transport and tariff costs. The automaker said in October it operates at a 55 percent to 60 percent cost disadvantage compared with its Chinese peers.

Tesla’s revenues from China fell 13 percent last year to $1.8 billion, the company disclosed in a filing with the U.S. Securities and Exchange Commission on Feb. 19.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: evelyn cheng, mason trinca, the washington post, getty images
Keywords: news, cnbc, companies, china, schedule, model, ahead, worlds, electric, begins, vehicles, tesla, company, delivery, yearthe, week, chinese


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China banks: Record lending shows stimulus is kicking in, analysts say

New loans in China surged to a record high in January — and analysts say it could be a sign that government stimulus is “finally kicking in,” which may be good news for the economy. The slowdown was in part due to official efforts to reduce alarmingly high debt levels which started three years ago. Clamping down on credit, in particular non-traditional forms of lending known as “shadow banking,” suppressed economic activity and pushed growth lower. But the onset of the tariff war with the United


New loans in China surged to a record high in January — and analysts say it could be a sign that government stimulus is “finally kicking in,” which may be good news for the economy. The slowdown was in part due to official efforts to reduce alarmingly high debt levels which started three years ago. Clamping down on credit, in particular non-traditional forms of lending known as “shadow banking,” suppressed economic activity and pushed growth lower. But the onset of the tariff war with the United
China banks: Record lending shows stimulus is kicking in, analysts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: kelly olsen, tomohiro ohsumi, bloomberg, getty images
Keywords: news, cnbc, companies, analysts, taxes, tariff, china, shows, record, kicking, worlds, slowdown, war, stimulus, taking, yearsthe, banks, united, growth, high, lending, say


China banks: Record lending shows stimulus is kicking in, analysts say

New loans in China surged to a record high in January — and analysts say it could be a sign that government stimulus is “finally kicking in,” which may be good news for the economy.

The world’s second-largest economy expanded 6.6 percent in 2018, the slowest growth in 28 years.

The slowdown was in part due to official efforts to reduce alarmingly high debt levels which started three years ago. Clamping down on credit, in particular non-traditional forms of lending known as “shadow banking,” suppressed economic activity and pushed growth lower.

But the onset of the tariff war with the United States and the pace of the slowdown forced a rethink. Last year, authorities began taking steps to encourage banks to lend more, cut taxes and support small- and medium-sized companies.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: kelly olsen, tomohiro ohsumi, bloomberg, getty images
Keywords: news, cnbc, companies, analysts, taxes, tariff, china, shows, record, kicking, worlds, slowdown, war, stimulus, taking, yearsthe, banks, united, growth, high, lending, say


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AP Moller-Maersk Q4 earnings: US-China trade war cited as headwind

Danish shipping group A.P. Moller-Maersk reported fourth-quarter earnings in line with expectations on Thursday, but warned a long-running trade conflict between the world’s two largest economies could hamper growth in 2019. Earnings before interest, tax, depreciation and amortization (EBITDA) came in at $1.12 billion for the final three months of 2018, above the $1.07 billion forecast by analysts in a Reuters poll. The company said it expects EBITDA as calculated under International Financial R


Danish shipping group A.P. Moller-Maersk reported fourth-quarter earnings in line with expectations on Thursday, but warned a long-running trade conflict between the world’s two largest economies could hamper growth in 2019. Earnings before interest, tax, depreciation and amortization (EBITDA) came in at $1.12 billion for the final three months of 2018, above the $1.07 billion forecast by analysts in a Reuters poll. The company said it expects EBITDA as calculated under International Financial R
AP Moller-Maersk Q4 earnings: US-China trade war cited as headwind Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: sam meredith, balint porneczi, bloomberg, getty images
Keywords: news, cnbc, companies, mollermaersk, worlds, uschina, 2018, q4, financial, company, ap, ebitda, cited, earnings, headwind, growth, war, billion, trade


AP Moller-Maersk Q4 earnings: US-China trade war cited as headwind

Danish shipping group A.P. Moller-Maersk reported fourth-quarter earnings in line with expectations on Thursday, but warned a long-running trade conflict between the world’s two largest economies could hamper growth in 2019.

Earnings before interest, tax, depreciation and amortization (EBITDA) came in at $1.12 billion for the final three months of 2018, above the $1.07 billion forecast by analysts in a Reuters poll.

Shares of the company slipped more than 9 percent after results.

The company said it expects EBITDA as calculated under International Financial Reporting Standards (IFRS) for this year of around $5 billion.

“Although we had a challenging start to 2018, looking at our financial performance, we increased earnings despite significantly higher bunker fuel prices and lower than expected container volume growth in the second half of 2018,” Soren Skou, CEO of A.P. Moller-Maersk, said in a statement on Thursday.

“However, profitability needs to improve,” he added.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: sam meredith, balint porneczi, bloomberg, getty images
Keywords: news, cnbc, companies, mollermaersk, worlds, uschina, 2018, q4, financial, company, ap, ebitda, cited, earnings, headwind, growth, war, billion, trade


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South Korea’s SK Hynix plans to spend $107 billion building four memory chip plants

South Korea’s SK Hynix on Thursday said it would spend $107 billion building four factories, as the memory chip maker seeks to maintain its competitiveness in the face of Chinese efforts to become a leading chipmaking nation. The chip fabrication plants will be built on a 4.5 million square meter site south of Seoul beginning 2022, complementing two existing domestic factories that will receive a separate 55 trillion won ($49 billion) investment over the next decade. “Though there is not enough


South Korea’s SK Hynix on Thursday said it would spend $107 billion building four factories, as the memory chip maker seeks to maintain its competitiveness in the face of Chinese efforts to become a leading chipmaking nation. The chip fabrication plants will be built on a 4.5 million square meter site south of Seoul beginning 2022, complementing two existing domestic factories that will receive a separate 55 trillion won ($49 billion) investment over the next decade. “Though there is not enough
South Korea’s SK Hynix plans to spend $107 billion building four memory chip plants Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: seongjoon cho, bloomberg, getty images
Keywords: news, cnbc, companies, worlds, plants, demand, koreas, kim, sk, spend, memory, hynix, plans, building, networks, chip, south, factories, billion


South Korea's SK Hynix plans to spend $107 billion building four memory chip plants

South Korea’s SK Hynix on Thursday said it would spend $107 billion building four factories, as the memory chip maker seeks to maintain its competitiveness in the face of Chinese efforts to become a leading chipmaking nation.

The chip fabrication plants will be built on a 4.5 million square meter site south of Seoul beginning 2022, complementing two existing domestic factories that will receive a separate 55 trillion won ($49 billion) investment over the next decade.

The plans for the factories, producing DRAM and next-generation chips, come as chipmakers prepare for a surge in demand to power new technology such as fifth-generation (5G) communication networks and artificial intelligence, even as a slowdown in smartphone sales kills off a two-year chip boom.

“Though there is not enough chip demand for autonomous cars now, I believe there will be much more demand for self-driving vehicles in the next 10 years or as early as in 2023 or 2024,” said analyst Kim Young-gun at Mirae Asset Daewoo.

“That will create more chip demand for SK Hynix,” as will the commercialization of 5G networks over the next few years, Kim said.

The plan also intensifies an arms race between South Korea, the world’s biggest exporter of memory chips, and China, which has been aggressively encouraging chipmaking investment to curb reliance on imports amid a trade spat with the United States.

China is the world’s largest chip consumer, importing $270 billion worth in 2017 – more than its total imports of crude oil.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: seongjoon cho, bloomberg, getty images
Keywords: news, cnbc, companies, worlds, plants, demand, koreas, kim, sk, spend, memory, hynix, plans, building, networks, chip, south, factories, billion


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South Korea’s SK Hynix plans to spend $107 billion building four memory chip plants

South Korea’s SK Hynix on Thursday said it would spend $107 billion building four factories, as the memory chip maker seeks to maintain its competitiveness in the face of Chinese efforts to become a leading chipmaking nation. The chip fabrication plants will be built on a 4.5 million square meter site south of Seoul beginning 2022, complementing two existing domestic factories that will receive a separate 55 trillion won ($49 billion) investment over the next decade. “Though there is not enough


South Korea’s SK Hynix on Thursday said it would spend $107 billion building four factories, as the memory chip maker seeks to maintain its competitiveness in the face of Chinese efforts to become a leading chipmaking nation. The chip fabrication plants will be built on a 4.5 million square meter site south of Seoul beginning 2022, complementing two existing domestic factories that will receive a separate 55 trillion won ($49 billion) investment over the next decade. “Though there is not enough
South Korea’s SK Hynix plans to spend $107 billion building four memory chip plants Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: seongjoon cho, bloomberg, getty images
Keywords: news, cnbc, companies, worlds, plants, demand, koreas, kim, sk, spend, memory, hynix, plans, building, networks, chip, south, factories, billion


South Korea's SK Hynix plans to spend $107 billion building four memory chip plants

South Korea’s SK Hynix on Thursday said it would spend $107 billion building four factories, as the memory chip maker seeks to maintain its competitiveness in the face of Chinese efforts to become a leading chipmaking nation.

The chip fabrication plants will be built on a 4.5 million square meter site south of Seoul beginning 2022, complementing two existing domestic factories that will receive a separate 55 trillion won ($49 billion) investment over the next decade.

The plans for the factories, producing DRAM and next-generation chips, come as chipmakers prepare for a surge in demand to power new technology such as fifth-generation (5G) communication networks and artificial intelligence, even as a slowdown in smartphone sales kills off a two-year chip boom.

“Though there is not enough chip demand for autonomous cars now, I believe there will be much more demand for self-driving vehicles in the next 10 years or as early as in 2023 or 2024,” said analyst Kim Young-gun at Mirae Asset Daewoo.

“That will create more chip demand for SK Hynix,” as will the commercialization of 5G networks over the next few years, Kim said.

The plan also intensifies an arms race between South Korea, the world’s biggest exporter of memory chips, and China, which has been aggressively encouraging chipmaking investment to curb reliance on imports amid a trade spat with the United States.

China is the world’s largest chip consumer, importing $270 billion worth in 2017 – more than its total imports of crude oil.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: seongjoon cho, bloomberg, getty images
Keywords: news, cnbc, companies, worlds, plants, demand, koreas, kim, sk, spend, memory, hynix, plans, building, networks, chip, south, factories, billion


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SpaceX powering Israeli spacecraft in first privately-funded moon mission

An Israeli spacecraft powered by SpaceX rockets will be launched late Thursday in the world’s first privately-funded moon mission. The spacecraft, named Beresheet — the Hebrew word for “genesis” — will be launched from Cape Canaveral Air Force Station in Florida at 8:45 p.m. Around 30 minutes after being launched out of the atmosphere, the spacecraft will separate from the rocket. Beresheet is projected to land on the moon on April 11 after travelling 4 million miles, making it the longest journ


An Israeli spacecraft powered by SpaceX rockets will be launched late Thursday in the world’s first privately-funded moon mission. The spacecraft, named Beresheet — the Hebrew word for “genesis” — will be launched from Cape Canaveral Air Force Station in Florida at 8:45 p.m. Around 30 minutes after being launched out of the atmosphere, the spacecraft will separate from the rocket. Beresheet is projected to land on the moon on April 11 after travelling 4 million miles, making it the longest journ
SpaceX powering Israeli spacecraft in first privately-funded moon mission Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: chloe taylor
Keywords: news, cnbc, companies, powered, word, spacecraft, israeli, spacex, million, launched, moon, spent, privatelyfunded, worlds, mission, travelling, station, powering


SpaceX powering Israeli spacecraft in first privately-funded moon mission

An Israeli spacecraft powered by SpaceX rockets will be launched late Thursday in the world’s first privately-funded moon mission.

The spacecraft, named Beresheet — the Hebrew word for “genesis” — will be launched from Cape Canaveral Air Force Station in Florida at 8:45 p.m. ET, powered by SpaceX’s Falcon 9 rocket.

Around 30 minutes after being launched out of the atmosphere, the spacecraft will separate from the rocket.

Beresheet is projected to land on the moon on April 11 after travelling 4 million miles, making it the longest journey to the moon in history.

The spacecraft cost around $100 million to construct — a fraction of the billions spent by governments in similar projects, and the lowest-budget probe ever to be deployed to the moon. Its landing would see Israel become the fourth country in history to reach the moon, after Russia, the U.S., and China.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: chloe taylor
Keywords: news, cnbc, companies, powered, word, spacecraft, israeli, spacex, million, launched, moon, spent, privatelyfunded, worlds, mission, travelling, station, powering


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Top 10 most innovative companies, according to Fast Company

Apple has been dethroned as the world’s most innovative company, according to Fast Company. The tech giant fell to No. 17 in Fast Company’s 50 most innovative companies in the world for 2019, after taking the top spot last year. “They didn’t really break new ground with their devices, and hardware sales were sluggish,” Fast Company senior editor Amy Farley told CNBC on Wednesday.


Apple has been dethroned as the world’s most innovative company, according to Fast Company. The tech giant fell to No. 17 in Fast Company’s 50 most innovative companies in the world for 2019, after taking the top spot last year. “They didn’t really break new ground with their devices, and hardware sales were sluggish,” Fast Company senior editor Amy Farley told CNBC on Wednesday.
Top 10 most innovative companies, according to Fast Company Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: michelle fox, heidi petty, getty images, kevork djansezian, getty images sport, source, stitch fix
Keywords: news, cnbc, companies, tech, taking, spot, according, innovative, worlds, fast, told, yearthey, world, companies, company


Top 10 most innovative companies, according to Fast Company

Apple has been dethroned as the world’s most innovative company, according to Fast Company.

The tech giant fell to No. 17 in Fast Company’s 50 most innovative companies in the world for 2019, after taking the top spot last year.

“They didn’t really break new ground with their devices, and hardware sales were sluggish,” Fast Company senior editor Amy Farley told CNBC on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: michelle fox, heidi petty, getty images, kevork djansezian, getty images sport, source, stitch fix
Keywords: news, cnbc, companies, tech, taking, spot, according, innovative, worlds, fast, told, yearthey, world, companies, company


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Top 10 most innovative companies, according to Fast Company

Apple has been dethroned as the world’s most innovative company, according to Fast Company. The tech giant fell to No. 17 in Fast Company’s 50 most innovative companies in the world for 2019, after taking the top spot last year. “They didn’t really break new ground with their devices, and hardware sales were sluggish,” Fast Company senior editor Amy Farley told CNBC on Wednesday.


Apple has been dethroned as the world’s most innovative company, according to Fast Company. The tech giant fell to No. 17 in Fast Company’s 50 most innovative companies in the world for 2019, after taking the top spot last year. “They didn’t really break new ground with their devices, and hardware sales were sluggish,” Fast Company senior editor Amy Farley told CNBC on Wednesday.
Top 10 most innovative companies, according to Fast Company Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: michelle fox, heidi petty, getty images, kevork djansezian, getty images sport, source, stitch fix
Keywords: news, cnbc, companies, tech, taking, spot, according, innovative, worlds, fast, told, yearthey, world, companies, company


Top 10 most innovative companies, according to Fast Company

Apple has been dethroned as the world’s most innovative company, according to Fast Company.

The tech giant fell to No. 17 in Fast Company’s 50 most innovative companies in the world for 2019, after taking the top spot last year.

“They didn’t really break new ground with their devices, and hardware sales were sluggish,” Fast Company senior editor Amy Farley told CNBC on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: michelle fox, heidi petty, getty images, kevork djansezian, getty images sport, source, stitch fix
Keywords: news, cnbc, companies, tech, taking, spot, according, innovative, worlds, fast, told, yearthey, world, companies, company


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UK defense think tank warns that allowing Huawei into 5G network is ‘irresponsible’

A British defense and security think tank has warned that it would be “naive” and “irresponsible” to let Chinese telecommunications company Huawei supply equipment for the U.K’s ultra-high speed 5G mobile networks. Huawei, the world’s largest producer of telecoms equipment, has been under the spotlight over allegations that the Chinese government could use its equipment for spying. The United States has urged its allies to boycott Huawei technology over the alleged security threats that might co


A British defense and security think tank has warned that it would be “naive” and “irresponsible” to let Chinese telecommunications company Huawei supply equipment for the U.K’s ultra-high speed 5G mobile networks. Huawei, the world’s largest producer of telecoms equipment, has been under the spotlight over allegations that the Chinese government could use its equipment for spying. The United States has urged its allies to boycott Huawei technology over the alleged security threats that might co
UK defense think tank warns that allowing Huawei into 5G network is ‘irresponsible’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: kelly olsen
Keywords: news, cnbc, companies, think, tank, huawei, defense, 5g, security, worlds, uk, allowing, network, chinese, naive, company, irresponsible, worst, united, warns, equipment


UK defense think tank warns that allowing Huawei into 5G network is 'irresponsible'

A British defense and security think tank has warned that it would be “naive” and “irresponsible” to let Chinese telecommunications company Huawei supply equipment for the U.K’s ultra-high speed 5G mobile networks.

Huawei, the world’s largest producer of telecoms equipment, has been under the spotlight over allegations that the Chinese government could use its equipment for spying.

The United States has urged its allies to boycott Huawei technology over the alleged security threats that might compromise foreign communications networks. But the Shenzhen-based company and the Chinese government say those concerns are unfounded.

“Allowing Huawei’s participation is at best naive, at worst irresponsible,” according to a report by the Royal United Services Institute. The Financial Times first reported on the story on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: kelly olsen
Keywords: news, cnbc, companies, think, tank, huawei, defense, 5g, security, worlds, uk, allowing, network, chinese, naive, company, irresponsible, worst, united, warns, equipment


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