Search results for tax credit
AI & Enterprise
Race to foster AI data centres; industry calls for deregulation and tax credits
Industry figures called for developing AI data centres as \"AI factories\" that produce computing resources, citing job creation and regional balanced development. At a forum hosted by the Korea Telecommunications Operators Association in Seoul, an SK Telecom executive urged attracting big tech AI computing demand and building domestic production hubs, while calling for deregulation and tax credits. Speakers also outlined planned sub-regulations for a special AI data centre law, including power-capacity criteria, streamlined permits and special zones outside the capital region.
Industry
Rivian rises to No. 2 in U.S. EV sales in third quarter behind Tesla, overtaking Chevrolet
U.S. electric vehicle maker Rivian rose to the second-biggest EV brand in the United States in the third quarter, behind Tesla, after ranking 10th a year earlier. Rivian sold 19,239 vehicles, up 45.7 percent, for a 7.2 percent market share, helped by the new R2 SUV and a surge in electric delivery van sales. Chevrolet slipped to third, though GM brands combined still led Rivian.
Industry
GM to close Michigan plant that made Cadillac batteries in summer 2027
General Motors will close its Brownstown battery assembly plant in Michigan in the summer of 2027 as electric vehicle demand slows and the automaker reshapes its production strategy. The facility has produced high-voltage batteries for the Cadillac Celestiq and components for the Chevrolet Corvette E-Ray. Headcount has fallen to fewer than 12. GM has also exited battery joint venture plans in Indiana and a Lansing project, and ended fuel-cell cooperation with Honda.
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Mobility
Europe hits record, North America down 44 percent as EV sales diverge
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Industry
Solar cell domestic production tax credit pushed; Hanwha Solutions says no effect without direct pay
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Industry
Oil-importing countries save $20 billion as EV use expands
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Mobility
U.S. EV market rebounds in Q3, up 7.7 percent, Tesla dominates
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Industry
LG Energy Solution Q3 operating profit 756.0 billion won, up 26 percent year on year
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Industry
Ioniq 5 holds ground in U.S. market despite loss of tax credit
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Mobility
U.S. EV sales drop after tax credit ends, power demand also shifts
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Mobility
Tesla Q3 delivery forecasts diverge, seen at 420,000 to 482,000
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Mobility
Harvard study says EVs to make up 32 percent of U.S. new car sales by 2030
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Industry
U.S. effectively bars Chinese batteries for power grids, putting energy storage market on alert
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Industry
U.S. midterm election nears as Korean battery makers face crossroads over AMPC tax credit defence line
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Industry
Semiconductor export boom swells Korea budget, setting up September parliamentary clash
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Industry
Global regulation outpaces plant buildout, speeding up Korean anode materials shift
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Games & Commerce
Five game industry associations call for tax credit for game production costs
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Mobility
Tesla runs out of California EV rebates in five days