Tag: china
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Volkswagen launches ID.6 SUV in China, and only in China
Volkswagen has announced the launch of the new ID.6 all-electric SUV. The vehicle is a mainstay in the German automaker’s plan to infiltrate some of the Chinese electric vehicle market that has quickly established itself as one of the most competitive globally. Volkswagen’s ID.6 is catered specifically to the Chinese market, and the automaker has…
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As China revs up battery production, Dem lawmakers see another Middle East nightmare
The clean energy economy is being made in China. Washington Democrats are launching a late-stage rush to lure it back home. The Biden administration and Congressional Democrats plan to pump taxpayer money into the battery sector — investing in research, backing risky start-ups and developing tax incentives and grant programs to bring not just battery…
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Tesla mulls cars tailored to China amid mounting criticisms
Tesla is working on vehicles tailored to Chinese customers as complaints about the standard of its electrical cars send shock waves through the internet in the country. The American EV giant is mulling new products which are going to be designed from the ground up to get China, Grace Tao, a vice president in Tesla,…
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Huawei To Invest $1 Billion Into EVs And Autonomous Car Technologies
Technology giant Huawei has revealed it will invest $1 billion researching electric vehicle and self-driving car technologies. Huawei has partnered with BAIC Group, Chongqing Changan Automobile Co. and Guangzhou Automobile Group Co. to co-develop self-driving vehicles. These vehicles will include Huawei badging and help the company rival fellow tech giant Xiaomi which recently committed to…
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FAW-Volkswagen Will Buy Green Credits From Tesla In China
Even the FAW-Volkswagen joint venture in China will buy credits from Tesla in order to satisfy local environmental regulations. Like any other markets, China conducts a credit system designed to encourage automobile manufacturers to create fuel-efficient, or electrified, vehicles. According to Reuters, carmakers get green credits that they can use to counter against damaging credits…
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Warren Buffett’s Berkshire Hathaway has scored a 30x gain on its BYD investment. Here’s the story of its bet on the Chinese electric-vehicle company.
BYD Creator and CEO Wang Chuanfu, Charlie Munger, and Warren Buffett Observe at a car launch. REUTERS/Jason Lee Warren Buffett’s Berkshire Hathaway has even now also scored a 30-fold gain on its BYD investment.It spent $232 million in 2008 for a stake worth $7.4 billion today.Here’s the narrative of Berkshire’s bet on the Chinese electric-vehicle…
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Geely And Foxconn Team Up To Build Cars For Other Brands
After its recent deal with Chinese EV startup Byton, Foxconn has combined forces with another carmaker in Geely. Collectively, they will provide contract manufacturing for other car companies. On Geely’s conclusion, this venture will let it distribute its EV-focused platform to other manufacturers, according to individuals knowledgeable about the firm ’s plans. This is their…
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Tesla China steps up marketing on Model 3 as competition heats up
Tesla China is stepping up its marketing campaign for its Model 3 as competition in the country gets more strong. While the Model 3 was the hottest EV at China in 2020, there is a healthy flow of competition as 2021 rolls round, and Tesla is sharing official firm videos of the upgrades that it…
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Tesla’s EV Dominance Of China Could Be Threatened In 2021
Tesla is dominating the electric car market in China but this past year, it is forecast to face unprecedented challenges from its rivals. This calendar year, Tesla has offered approximately 120,000 vehicles in China, making the Asian country the carmaker’s largest economy behind the United States. As striking as that amount is, some analysts think…
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A major Apple supplier is reportedly using forced labor from thousands of Uighur workers to make glass for iPhones
Apple CEO Tim Cook reacts during the Economic Summit held for the China Development Forum in Beijing, China, Saturday, March 23, 2019. AP Photo/Ng Han Guan Longtime iPhone glass supplier Lens Technology reportedly uses forced labor from Uighur minorities in its factories, according to the Washington Post, which examined a new report from Tech Transparency…