Japan’s small EV battery suppliers feel the heat in race for scale

Smaller companies play a big role in Japan’s electric vehicle battery supply chain, indirectly supporting the likes of Toyota Motor and Tesla. But many are struggling to keep pace with the speed and scale of investment needed as EV demand booms, threatening to create bottlenecks in an industry that Tokyo is keen to promote.

Morning Bid: Japan’s FX no-show, Meta plunges

U.S.-Sino relations took another twist after the U.S. Senate voted in favor of legislation that would ban TikTok in the United States if its Chinese owner ByteDance fails to divest the popular short video app over the next nine months to a year.