expansion in the United States. After pausing plans in January to scale production in Texas for lithium-ion binder materials, the company is now reassessing the prospective market and determining whether to proceed with its delayed development strategy by this summer.
Recently, amidst economic instability and global challenges, numerous financial institutions are reassessing their strategies. One such player is Banco Santander SA, Spain's largest bank. According to anonymous sources familiar with the matter, the bank is exploring the possibility of selling its controlling stake in its Polish subsidiary, Santander Bank Polska SA. This decision could be significant for the future trajectory of both the bank and its stock performance in international markets.
French energy giant TotalEnergies has made a significant move to bolster its presence in the renewable energy sector by signing agreements with RES, the world's largest independent renewable energy company. The projects being acquired in Canada amount to nearly 1 gigawatt, marking a strategic step not only in expanding the company's portfolio in Canada but also signifying broader ambitions on a global scale.
The recent approval by the Federal Energy Regulatory Commission (FERC) marks a significant development in the country's energy system. The decision to expand the territory of the Southwest Power Pool (SPP) makes it the first regional energy system to span both the western and eastern interconnections of the United States. This milestone is pivotal not only for the energy sector but also for the economy, impacting the national electricity market.
BYD Co. $1211.HK , one of the leading global electric vehicle manufacturers, has announced its plans to build a third factory in Europe. This step is aimed at expanding its presence in the market, particularly in light of increased tariffs on electric vehicle imports from China. Stella Li, the company's Executive Vice President, shared insights about potential locations and timelines for the decision during a recent press conference in Frankfurt.
