Tesla to Lay Off 10% of Global Workforce Amid Falling Sales
Tesla plans to cut over 10% of its global workforce, affecting around 14,000 employees, due to disappointing first-quarter sales and a strategic push for cost reductions.
Automotive
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Chancellor Scholz’s Chongqing Visit Boosts Sino-German Industrial Ties
Chancellor Scholz’s visit to Chongqing reinforces Sino-German industrial collaboration, highlighting significant investments and robust trade growth in 2023.
China’s 2024 Strategy: Boosting Foreign Investments in Auto & Food Sectors
China’s 2024 government report aims to attract foreign investments in automotive and food sectors. Leaders from Volvo and Tyson share insights on market growth and appeal.
Chinese Mainland Seeks to Boost Foreign Investments: Insights from Volvo and Tyson Executives
The 2024 Chinese mainland report aims to enhance the business environment for foreign enterprises. Volvo and Tyson executives discuss growth prospects in automotive and food industries.
Geely’s Global Push: Overseas Sales Surpass Domestic Amid Uncertain Times
Geely Holding Group’s overseas sales surpassed domestic in 2023, showcasing its global resilience and strategic confidence amid worldwide uncertainties.
China’s NEV Exports Soar 27% in January 2024
China’s new energy vehicle exports surged by 27.1% in January 2024, reaching 95,000 units and capturing over a quarter of the total passenger vehicle exports.
EU Targets Chinese Electric Vehicles in New Anti-Subsidy Investigation
The EU launches an anti-subsidy investigation into Chinese electric vehicle imports, citing market distortion concerns amidst rising exports and manufacturing prowess.
EU Launches Anti-Subsidy Probe on Competitive Chinese EVs
The EU has launched an anti-subsidy probe into Chinese electric vehicles, citing artificially low prices. However, China’s advancements in EV technology and manufacturing efficiency present a strong competitive stance in the global market.