The Business Times

Companies & Markets

The human cost of Xiaomi’s rapid pivot from smartphones to EVs

A Nio Firefly electric vehicle is displayed during a media day for the Auto Shanghai show in Shanghai, China April 23, 2025. REUTERS/Go Nakamura

Nio’s October deliveries surge 92.6% to 40,397 electric vehicles

BYD faces pressure from the prolonged period of discounting that has underpinned its rapid ascent in the Chinese EV market.

BYD shares fall as profit slump piles pressure on EV giant

ST20251024-202596400487-Lim Yaohui-Esther Loi-escharger26/ Electric vehicle (EV) charging points in T41 car park near Block 828 Tampines Street 81 behind Soka Gakkai Singapore (SGS) Headquarters on Oct 24, 2025. More than 8 in 10 HDB carparks have been equipped with EV charging points, with around 150 more carparks to join the pack. Deployment for the remaining 150 carparks will be completed after 2025 due to factors such as technical constraints and taking in community preferences to balance the parking needs of various users, said LTA. (ST PHOTO: LIM YAOHUI)

Nearly half of Cat A COEs go to EVs, which account for 43% of new sales so far in 2025

The shutdown has exacerbated existing staffing shortages, threatening to cause widespread disruptions similar to those that helped end a 35-day government shutdown in 2019.

Lack of air traffic controllers hits almost half of major US airports

As of September, the Singapore Registry of Ships had 4,230 vessels with nearly 127.8 million gross tonnage in total – the highest since 2013.

Singapore registry adds 94 ships in September, bucks declining trend since 2016, as US and China tussle over port fees

Audi, historically a major profit driver for its parent, has been hit hard by tariffs in the US and sliding market share in China.

Audi cuts outlook on intense competition, economic woes

The US automaker has been preparing the investment for months against a backdrop of heightened tensions between New Delhi and Washington.

Ford to invest 32.5 billion rupees in India defying Trump’s local push

Tata Group has a 74.9% stake in the airline, with Singapore Airlines holding the rest.

Air India seeks 100 billion rupees lifeline from SIA and Tata: report

The airline is selling 380,000 discounted tickets until Nov 6.

SIA earnings likely to stay ‘pressured’ despite over 380,000 discounted tickets: analysts

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