Volkswagen Group China has begun producing battery systems at a new factory in Hefei, China for its MEB platform EVs in the country. The initial capacity of the plant will be 150,000-180,000 EV packs per year, and marks VW’s first wholly-owned battery manufacturing venture in the country. Construction in China happens at breakneck speed, and
Tesla has started discounting new inventory Model Y and Model 3 vehicles again in an apparent new end-of-quarter delivery push. While Tesla has historically often used price reductions as a way to create demand, but until recently, the automaker has refrained from straight discounts on vehicles. That changed when Tesla started discounting new inventory vehicles
Amid an intensifying EV price war in China, Volkswagen is launching a new flagship electric sedan. VW’s joint venture (JV), FAW-Volkswagen, officially opened ID.7 Vizzion pre-orders in China starting at 237,700 yuan ($33,200). Volkswagen unveiled the ID.7 Vizzion, the JV’s version of its new global flagship electric sedan, at the 2023 Shanghai Auto Show in
Opec logo displayed on a smart phone with Opec seen in the background, in this photo illustration. On 10 September 2023. In Brussels, Belgium. (Photo illustration by Jonathan Raa/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Meetings of the influential Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+,
The King presented K-pop band Blackpink with honorary MBEs a day after hailing them as environmental champions. Charles handed medals to South Korean megastars Jennie Kim, Jisoo Kim, Lisa Manobal and Rose Park at Buckingham Palace. They were joined by the country’s President Yoon Suk Yeol and First Lady Kim Keon Hee during their state
The UK achieving herd immunity from COVID was a “clearly ridiculous goal of policy” and “very dangerous”, England’s chief medical officer has told the public inquiry into the pandemic. Giving evidence for a second day on Wednesday, Professor Sir Chris Whitty said 80% of the population would have had to have contracted coronavirus to achieve
Motorists could face a charge to travel on some Welsh roads in future to meet clean air targets. The Welsh government has increased the circumstances under which charging schemes could be introduced on trunk roads. Charges may now be introduced on roads in order to reduce or limit air pollution, as part of the amendments
National Insurance is to be cut by two percentage points, the chancellor has announced, as he pledged to “honour the triple lock in full” and increase Universal Credit by inflation. Delivering his autumn statement in the Commons, Jeremy Hunt said the main 12% National Insurance rate would fall to 10% from 6 January – saving
For the president, it was personal. That was certainly the tone struck in a late night statement on the hostage deal from the White House. “Jill and I have been keeping all those held hostage and their loved ones close to our hearts these many weeks, and I am extraordinarily gratified that some of these
Austria outplayed a toothless Germany to win 2-0 in their friendly on Tuesday, ending their year on a high while piling more pressure on the embattled Euro 2024 hosts who had Leroy Sane sent off early in the second half. Marcel Sabitzer‘s low drive in the 29th minute put the dominant hosts, who have qualified
Ante Budimir‘s second international goal was enough for Croatia to book their place at the Euro 2024 finals in Germany following a 1-0 victory over Armenia in Zagreb on Tuesday, enough for a top two finish in qualification Group D. Croatia camped in the Armenia half without creating clear-cut chances until Budimir’s headed goal two
Open Extended Reactions Italy could face a difficult group at Euro 2024 with indifferent qualifying form meaning they will be in Pot 4 for the finals draw next month. The finalised draw pots have been created based on group position and points in qualifying. Italy, who are the holders after beating England on penalties in
Nicolas Otamendi scored with a towering header to give Argentina a 1-0 away win over Brazil in a bad-tempered World Cup qualifier that was delayed by half an hour on Tuesday after police clashed with fans at Maracana Stadium. It was Brazil’s first-ever home loss in a World Cup qualifier, having entered the game 51-13-0 in
The hostage release deal has been delicately structured after weeks of negotiation and many false starts. After ratification by Israel’s war cabinet, security cabinet and full cabinet, Benjamin Netanyahu now has the support of Israel’s security establishment. Some 50 hostages will be released, in phases, all with Israeli citizenship. Roughly 12 every day. We understand
Binance’s Co-founder and CEO Changpeng Zhao speaks during the 2022 Web Summit in Lisbon, Portugal, on November 1, 2022. Nurphoto | Getty Images Binance’s VIP users were granted a set of special privileges, including an early heads-up from the crypto exchange if they were under investigation by law enforcement, according to the U.S. Treasury’s Financial Crimes
Associated Press Nov 21, 2023, 05:16 PM ET Open Extended Reactions MALAGA, Spain — Finland upset defending champion Canada to reach the semifinals of the Davis Cup for the first time on Tuesday. Otto Virtanen and Harri Heliovaara defeated Alexis Galarneau and Vasek Pospisil 7-5, 6-3 in the decisive doubles match to give the 14th-ranked
The King dropped some references to South Korean popular culture as he hosted the country’s president at a state banquet at Buckingham Palace. Listening to the King’s banquet address were singers Jennie Kim, Jisoo Kim, Lisa Manobal and Rose Park from the K-pop band Blackpink, South Korea’s biggest girl group who became the first Korean
Tesla has launched its new Supercharger congestion fee at select stations in an attempt to shorten charging session times. Back in 2019, Tesla introduced a new feature at Supercharger stations to help shorten charging sessions during busy times. The automaker started to limit owners’ state of charge (SOC) to 80% at select high-traffic sites. Most people
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT A pedestrian walks by a sign at a LinkedIn office on July 26, 2023 in San Francisco, California. Justin Sullivan | Getty Images The status of OpenAI is uncertain at the moment. But Microsoft wants the startup’s employees to know they still have a home.
Zhao Changpeng, founder and chief executive officer of Binance, speaks at the Blockchain Week Summit in Paris, France, on Wednesday, April 13, 2022. Benjamin Girette | Bloomberg | Getty Images Binance chief Changpeng Zhao will plead guilty to criminal charges and step down as the company’s CEO as part of a $4.3 billion settlement with