Business adjustment: GM cuts thousands of jobs, reviews operations after VP departure
Recently, American automaker GM announced a new round of layoffs, eliminating about 1,000 employees from its software and services departments, reducing GM's total number of employees by about 1.3%. This round of layoffs will help GM reduce costs and increase efficiency. GM previously announced that it plans to reduce costs by $2 billion by the end of 2024.GM's spokesman pointed out that in order to accelerate building the company's future and prioritize investments for maximum profit, the compa
AshleyAug 20, 2024
CHANGAN AVATR and HUAWEI sign an Equity Transfer Agreement to develop intelligent vehicles
On the evening of August 19, CHANGAN announced that Avatr Technology is planning to sign a "Equity Transfer Agreement" with HUAWEI in Chongqing, China, on the morning of August 20. The agreement stipulates that Avatr Technology will purchase 10% of the shares in Shenzhen Yingwang Intelligent Technology Co., Ltd. held by HUAWEI, with a transaction amount of 11.5 billion RMB. Calculated based on the amount of capital contributed by Avatr Technology and its shareholding ratio, the valuation of Ying
AshleyAug 20, 2024
Trumps considers cancelling tax incentives for electric vehicles and offering Musk the cabinet
As reported, on local time 19th, U.S. Republican presidential candidate Trump stated in an interview with the media that if elected, he would consider cancelling the federal tax exemption of up to $7500 for purchasing electric vehicles, and is willing to consider offering the CEO of Tesla, Musk, a position in the U.S. cabinet or as an advisor."Tax deductions and tax incentives are typically not a good thing." After attending a campaign event in York City, Pennsylvania, Trump responded to questio
AshleyAug 20, 2024
Recommended to cease use, Hydrogen power in the Paris Olympics: Exploring Toyota Mirai!
On July 26, the Paris Olympics officially kicked off, with the opening ceremony's performance astonishing countries around the world. Performances showcased France's humanities, history, arts, and expression of freedom. Toyota is the official partner car for the Paris Olympics. Toyota will use its hydrogen-powered vehicle, the Mirai, to escort the Olympics.While recent scientists and engineers have expressed hopes that the Olympics will stop using Toyota's hydrogen-powered vehicle, the Paris Oly
AshleyJul 29, 2024
GAC-AION Thai Intelligent Ecological Factory Completed, Second Generation AION V Synchronized Global Offline
On July 17, GAC-AION held the completion of the Thai Intelligent Ecological Factory and the global launch of the second generation AION V, which marks a new chapter in GAC-AION's globalization strategy, and the Thai Intelligent Ecological Factory is an important part of its global production network.The first phase of the Thailand Intelligent Ecological Factory has an annual production capacity of 50,000 units, which will gradually be expanded to 100,000 units. It can achieve parallel production
AshleyJul 17, 2024
BYD is about to build a factory in Cambodia: it may be the second power point in Southeast Asia!
On July 16, Cambodian Prime Minister Hun Manet posted on social media that he had met with Liu Xueliang, general manager of BYD's Asia Pacific auto sales division, and that BYD planned to invest in setting up an electric vehicle assembly plant in Cambodia, which could assemble 20,000 electric vehicles annually. This implies that the Cambodian plant will become BYD's second production base in Southeast Asia. The first production base is located in Rayong, Thailand, which has just completed constr
AshleyJul 17, 2024
Tesla's stock drops due to the delay in Robotaxi! Have you ever experienced autonomous driving?
Recently, according to media reports, Tesla plans to postpone the launch of Robotaxi (self-driving taxi) from August to October, so as to give the project team more time to make more prototypes.Tesla's share price plunged on the news, its shares fell 5 per cent. As of the close of the US stock market, Tesla's share price has widened to 8.44%, at $241.03 / share. The total market capitalization is now $768.7 billion, which wipes out about $70.9 billion in market value and ends an 11-day winning s
AshleyJul 12, 2024
Benz will set up a battery research and development center at its headquarters in Germany! The target is to reduce the cost by more than 30%
On July 9, according to a news release on the Mercedes-Benz official website, the company plans to establish a battery R&D center at its headquarters in Stuttgart, Germany. The goal is to develop high-performance batteries with "Mercedes-Benz DNA" and reduce battery costs by more than 30% in the next few years.The official news shows that on July 8 local time, Mercedes-Benz held the completion ceremony of the battery R&D and production center "Mercedes-Benz eCampus" at its Stuttgart headquarters
AshleyJul 10, 2024
The EU will impose tariffs on Chinese electric vehicles as originally planned, effective on July 5!
On July 4 local time, the European Commission announced that after a nine-month anti-subsidy investigation into China's Battery Electric Vehicles (BEV), it has decided to impose temporary anti-subsidy duties on imports of electric vehicles from China.The temporary duties will take effect on July 5, 2024, and last for up to four months. The temporary duties apply to certain Chinese manufacturers, respectively: BYD 17.4%, GEELY 19.9%, SAIC 37.6%. Other cooperative but unsampled Chinese manufacture
AshleyJul 5, 2024
Latest Progress of Tesla Optimus: Capable of Walking and Working, will it be the New Employee in the Factories in the Future?
The World Artificial Intelligence Conference will be held from July 4 to 6 this year at the Shanghai Expo Center in China. The electric car company Tesla will present the latest research results of the humanoid robot Optimus at this conference. It is reported that Optimus has now been able to perform tasks in factories, and it is expected that more than 1,000 Optimus humanoid robots will be working in Tesla factories by 2025.On June 14, Tesla officially revealed the development of Optimus, indic
AshleyJul 3, 2024
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