SoftBank ( SFTBY ) on Monday launched a Japan-based battery business aimed at building next-generation power infrastructure to support the rapidly increasing demand for electricity being driven by AI adoption. SoftBank will advance an end-to-end strategy spanning development through manufacturing to create innovative battery cells and advanced energy storage systems, it said in a statement. SoftBa...
SoftBank ( SFTBY ) on Monday launched a Japan-based battery business aimed at building next-generation power infrastructure to support the rapidly increasing demand for electricity being driven by AI adoption. SoftBank will advance an end-to-end strategy spanning development through manufacturing to create innovative battery cells and advanced energy storage systems, it said in a statement. SoftBank will utilize the AI data center it is developing on the former Sharp Corporation factory site in Sakai City, Osaka Prefecture, as a core hub to establish its AX Factory and the GX Factory. At the GX Factory, SoftBank plans to begin manufacturing battery cells and energy storage systems from the fiscal year ending March 31, 2028 (FY2027), with the aim of achieving mass production on a gigawatt-hour (GWh)-per-year scale by around FY2028. SoftBank Corp. ( SFTBY ) will partner with South Korea’s Cosmos Lab and DeltaX Co. to enable mass production from the fiscal year starting next April, the company said in a statement on Monday. More on SoftBank Group Corp. SoftBank Group: Positives And Negatives Offset Each Other SoftBank Group Corp. (SFTB:CA) Discusses New Business Strategy and Transition to Complete Chip Sales Transcript SoftBank Group Corp. (SFTB:CA) Discusses New Business Strategy and Transition to Complete Chip Sales - Slideshow SoftBank, Toppan unveil lightweight wing skin for solar HAPS aircraft PayPay, SoftBank affiliate price $879.8M IPO below marketed range
Saudi Aramco Chief Executive Officer Amin Nasser warned of a long disruption to oil markets from the near closure of the Strait of Hormuz, while the company reported a jump in profit following higher prices and its ability to redirect exports via a pipeline bypassing the vital waterway. Bloomberg's Anthony di Paola reports. (Source: Bloomberg)
Saudi Aramco Chief Executive Officer Amin Nasser warned of a long disruption to oil markets from the near closure of the Strait of Hormuz, while the company reported a jump in profit following higher prices and its ability to redirect exports via a pipeline bypassing the vital waterway. Bloomberg's Anthony di Paola reports. (Source: Bloomberg)
Good morning . Oil jumps after Donald Trump rejects Iran’s peace offer. Keir Starmer’s UK rivals circle before his make-or-break reset speech. And Google’s parent is poised to become the world’s biggest company. Listen to the day’s top stories . Oil surged after Donald Trump rejected Iran’s latest response to his proposal to end the war in the Middle East, prolonging the effective closure of the S...
Good morning . Oil jumps after Donald Trump rejects Iran’s peace offer. Keir Starmer’s UK rivals circle before his make-or-break reset speech. And Google’s parent is poised to become the world’s biggest company. Listen to the day’s top stories . Oil surged after Donald Trump rejected Iran’s latest response to his proposal to end the war in the Middle East, prolonging the effective closure of the Strait of Hormuz. Meanwhile, more than 40 nations will meet today to outline their military contributions to a European-led mission to escort ships through the crucial waterway once there’s a stable ceasefire. Keir Starmer will make a last-ditch effort to save his premiership with a speech today. Angela Rayner, one of the potential contenders in any UK leadership contest, warned the prime minister he had to urgently change the direction of his government. Labour’s dismal performance in local elections has pushed Reform’s Nigel Farage — once a ridiculed figure — closer to power . Trump, Xi Slated for Beijing Summit Amid Iran Conflict Watch the video US allies in Europe anticipate that Trump will withdraw more forces from the continent after he announced he would pull 5,000 troops out of Germany. Top diplomats forecast that Trump will announce more drawdowns , possibly including from Italy, and scrap a plan to station long-range missiles in Germany, people familiar with the matter said. Demand for affordable electric vehicles is soaring in Europe as the fuel price increases caused by the Middle East conflict spur lower-income households to go green . Inquiries about EVs costing less than €30,000 on Mobile.de, Germany’s largest car marketplace, have jumped 87% since the start of March, led by models like Renault’s Zoe. Repatriation flights of passengers aboard the MV Hondius cruise ship hit by a deadly hantavirus outbreak began yesterday with some departing for Spain, France, Canada and the Netherlands, and more planned for other nations. The World Health Organization recommend...