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Beijing, Xi'an latest cities to offer subsidies to encourage residents to buy NEVs

CN EV Post

The Chinese capital city of Beijing released details of its policy to encourage local residents to purchase NEVs, following media reports of the city's plans without any details last month. Between March 21 and April 30, consumers who buy a NEV produced by a local carmaker in Xi'an will receive a subsidy of up to RMB 6,000 yuan.

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Volkswagen deepens partnership with Gotion to industrialize battery cell production in Germany

Green Car Congress

Based on a substantial shareholding agreement in May 2020, Volkswagen Group entered a strategic cooperation framework with the major Chinese battery producer headquartered at Hefei. will become the largest shareholder in Gotion High-Tech, with 26% of the shares, through a buy-in of around €1.1

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Are Homemade CPUs Alibaba’s Bid For Independence?

Cars That Think

But, impressive as that feat is, an even more significant chip design development by the Chinese tech giant may be making available the source code to a RISC-V CPU core its own engineers designed. The Chinese government is funding a lot of startups that are designing a variety of chips. parts or technology. In the wake of the U.S.

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UAW gears up for combat over battery assistant pay

Baua Electric

However despite the fact that it does, the agreement received’t robotically practice to EV battery staff at alternative amenities with out the buy-in of the automakers and their companions. The ones crops shall be run via other joint ventures, so the UAW has to have an organizing power and cut price in the neighborhood at each and every one.

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Tesla’s biggest retail shareholder is voting against Elon Musk’s $55 billion package

Baua Electric

The Indonesian-born Chinese American businessman is better known for founding SHI International Corp, a large private IT company that made him a billionaire. In comparison, Musk’s net invesment in Tesla is now negative after he sold tens of billions of dollars worth of stocks to buy Twitter. Koguan hasn’t sold.

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LIVE BLOG: Tesla Q1 2024 earnings call

Teslarati

Tesla will aim to optimize its buying process for it would be possible to “buying a car in under a minute.” Musk also mentioned that Tesla may buy back shares down the line. The analyst asked a follow-up question about Chinese competitors, which could copy Tesla’s vehicles.

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A familiar Tesla foe has placed a $530 million bet against the stock

Teslarati

In Shanghai, workers who are responsible for the construction of a new expansion of the Chinese plant indicated that there are no delays or halts. Volkswagen recently stated that it will continue buying the credits and will depend on them for another 3-5 years. Both of these reports have been disproven by local sources.

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