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Tesla Acquires Land in Shanghai to Build Megapack Battery Plant

The company paid $31.13 million for use rights to a 48.7-acre plot near an existing Tesla plant that currently produces Model 3 and Model Y vehicles.

A Tesla Inc. showroom in Shanghai, China, on Sunday, Oct. 16, 2022. Photo: Qilai Shen/Bloomberg

Capital Product Partners Finalizes $3B Acquisition of 11 LNG Vessels

Capital Product Partners entered into an umbrella agreement with Capital Maritime & Trading Corp. and Capital GP on November 13, 2023 to acquire 11 LNG vessels from Capital Maritime.

Photo: iStock.com/Автор

U.S. Considers More Tariffs on Chinese Electric Vehicles, Other Goods

Officials from the White House and various Cabinet agencies have been discussing whether to hike duties on certain Chinese exports, said people familiar with the matter who spoke anonymously.

Photo: iStock.com/c8501089

ArcelorMittal Signs $2.7B Natural Gas Supply Deal with Mexico’s CFE

ArcelorMittal said that the contract would provide its operations in Lazaro Cardenas in the state of Michoacan with gas from Waha, Texas.

Saint-Denis, France. Photo: iStock.com/HJBC

Ocean Shipping Gears up to Meet Low Carbon Fuel Target

The International Maritime Organization’s goal is that near-zero greenhouse gas emission fuels shall represent at least 5% of the energy used by shipping in 2030, while striving to hit 10%.

Photo: iStock / audioundwerbung

Orsted to Go Ahead with Building Giant U.K. Offshore Wind Farm

The final investment decision on the 2.9-gigawatt project shows that the offshore wind industry is picking back up after a crisis year.

Photo: iStock.com/vice_and_virtue

U.S. Chipmaker to Sell Chinese Factories to Local Company

North Carolina-based Qorvo said that it had signed an agreement to sell its circuit assembly operations in Beijing and Dezhou to the iPhone assembler Luxshare Precision Industry.

San Jose, California. Photo: iStock.com/Sundry Photography

U.S. Semiconductor Manufacturing Bill Makes It Through Senate

The bill would allow the U.S. Department of Commerce’s SelectUSA program to develop new strategies to attract foreign investment to the U.S. semiconductor manufacturing sector.

Photo: iStock / William_Potter

BP Suspends Oil and Gas Shipment through Red Sea

BP is the first oil company to directly halt its own shipping, after five major ocean carriers halted service through The Bab al-Mandab strait.

Gas prices are likely to rise because of disruption to shipping in the Arabian Gulf. Photo: iStock.com/jetcityimage

Shanshan Considers €1.3B Battery Materials Factory in Finland

Shanghai Shanshan Lithium Battery Material Technology Co. Ltd has reserved a plot to construct a plant in the GigaVaasa industrial zone on the western coast of Finland.

Photo: Bloomberg

TotalEnergies Building 216 MW Solar Plant in South Africa

The senior vice president of renewables at TotalEnergies, Vincent Stoquart, said that the venue will be made up of a solar plant as well as a 500-megawatt-hour battery storage system.

Photo: iStock.com/Bilanol

California Nuclear Plant's Operations Extended Through 2030

The California Public Utilities Commission agreed to extend the shutdown of the state’s last functioning nuclear power plant through 2030 instead of closing the venue down in 2025.

Photo: iStock.com/karelnoppe

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