Vale Indonesia, the Indonesian operation unit of the Brazil-based mining giant Vale, is set to begin three nickel mining and processing projects in Sulawesi, Indonesia together with Chinese mining company Huayou and US-based Ford Motor, according to multiple media outlets.

Nikkei Asia reported that auto parts supplier Denso is collaborating with Japanese engineering group Obayashi in testing wireless charging pavements for electric vehicles (EV) in Japan.

Macroeconomic factors and changing investment strategy have taken their bites on China’s semiconductor startups. As Financial Times reported, weakening market demand, especially in the consumer sector, has changed investment strategy, hitting Chinese startups in the process. In 2020, approximately 23,100 semiconductor companies were founded, while 1,397 chip companines closed. While 2021 saw the creation of 47,400 new semiconductor companies, the number of shutdown also rose to 3,420. Between January and August 2022, it is estimated that 3,400 Chinese semiconductor companies ran out of business.