Top Financial Media Stories Thursday, September 22: Facebook sued

Top Financial Media Stories Thursday, September 22: Facebook sued

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Reuters

Nio, CATL’s third-largest customer after Tesla, is reducing its reliance on the battery giant to achieve diversification

  • XPeng Inc XPEV has diversified its battery suppliers and doesn’t count industry giant CATL among its main suppliers, said Brian Gu, president of the Chinese electric carmaker.
  • According to Chinese consulting firm Gaogong Industrial InstituteXPeng was the third largest customer after CATL Tesla Inc TSLA and NIO Inc. NEVER in terms of battery volume installed in 2021.

Renault claims to meet EV targets well ahead

  • Renault SA RNLSY aims to have an 80% integrated electric vehicle (EV) chain before the original 2030 date.
  • Cooperation remained an important aspect for vehicles with internal combustion engines.
  • Lately, Qualcomm Inc QCOM, alphabet inc WELL Google Google have teamed up to design a vehicle experience for Renault’s next-generation electric vehicle, the new Mégane E-TECH Electric.

Honda plans to cut car production in Japan because of supply problems

  • honda motor co ltd HMC plans to reduce its car production at two Japanese plants by 40%.
  • The automaker made the decision after examining the prevailing Supply chain and logistics issues.
  • The cut raises concerns for the company as it prepares to make up for lost production in the first half of the year.

Bloomberg

More US-China tensions: China claims US has seized control of Post Space Research University Hack telecom network

  • US agents hacked into a state-funded Northwestern Polytechnical University known for its aerospace research programs and gained control of parts of China’s telecommunications network.
  • The National Security Agency’s cyber warfare unit “entered and controlled” unnamed telecom operators.
  • The US gained remote access to core networks through an email phishing attack on a leading university, opening a route to carriers.

Facebook parent sues for ‘secret bypass’ to circumvent Apple’s privacy rules and spy on users

  • Metaplatforms…


Read full story here https://www.benzinga.com/general/biotech/22/09/28962789/benzinga-before-the-bell-and-other-top-financial-stories-thursday-september-22

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