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BUSINESS

  • Elon Musk Praises Chinese Electric Cars as Most Competitive Globally Top 10 global EV sales: traditional automakers absent, Elon Musk praises Chinese competitiveness, especially Tesla China and BYD.
  • US SEC Chair Expresses Concerns About AI-Driven Market Crises SEC Chairman Gensler warns of AI risks in financial markets, calls for regulation amid global efforts to address AI challenges.
  • Global Investors Flee Chinese Stocks in Unprecedented Exodus Foreign capital withdrawal from the Chinese stock market hit a record high last month, totaling 44.6 billion yuan.
  • Record High Short-Term Interest Rates in China Raise Liquidity Alarm Bells China's short-term interest rates reached 50%, causing liquidity concerns; People's Bank may lower the reserve requirement ratio (RRR).
  • Toyota's Future-Ready Pickup Truck: IMV 0 Wows Dads at 2023 Japan Mobility Show Toyota unveils IMV 0 concept: versatile electric pickup truck for 2025 launch, focusing on cost-effectiveness and customization.
  • Tesla's Model Y Performance Gets Pricier in China: What You Need to Know Tesla increases the price of its top Model Y by 14,000 yuan in China to 363,900 yuan due to strong demand.
  • Volvo Reports Impressive Q3 Performance With a 22% Surge in EV Sales Volvo Q3 operating profit, excluding joint ventures and associates, surged by 75% to $677.6 million, with strong sales and cost savings.
  • Porsche Drives Forward: Strong Q3 2023 Performance After IPO Success Porsche reports impressive Q3 results with 12.6% sales growth, exceeding profit margins, and strong global demand.
  • California Suspends GM Cruise's Robotaxi Permit Over Safety Issues The state of California has suspended GM Cruise's autonomous driving trial permit within the U.S. due to safety concerns.
  • Hyundai's $5.5 Billion EV Plant in Georgia Nears Full Foundation Completion Hyundai's U.S. electric vehicle assembly and battery plant progress rapidly, with 99.9% of foundation work completed in one year.
  • Bitcoin on Fire: What's Driving the 15% Price Explosion? Bitcoin's price jumped over 15% due to growing expectations of an early Bitcoin spot ETF launch after BlackRock's ETF application progress.
  • BMW's Mega Investment in US Electric Vehicle Production BMW is investing $1.7 billion in the USA for an EV battery factory and plans to produce six electric vehicle models by 2030.
  • Tesla's New Tech Monitors Your Yawns and Blinks to Prevent Drowsy Driving Tesla's new drowsy driver alert uses internal cameras to monitor and alert drowsy drivers in European vehicles.
  • MIT Professor Praises Late Samsung Chairman's Visionary Who Saw Beyond Possibility Prof. Scott Stern lauds late Chairman Lee's visionary Samsung leadership in mobile, alliances, tech, and design.
  • Shockwave in Electric Truck Industry: Volta Trucks Faces Bankruptcy Swedish electric truck startup Volta Trucks is filing for bankruptcy due to issues with its battery supplier, Proterra.
  • CEO's Playbook: How a Top Woman Leader Runs a World-Class Hotel Hotel Shilla is focusing on luxury upgrades, exemplified by its long-term partnership with Chanel in Jeju.
  • Electric Car Prices Drop, Now More Affordable for Americans The average price of battery-electric vehicles in the U.S. drops to $56,830, driven by Tesla's price reductions and an increase in sales.
  • Ford to Temporarily Cut F-150 Lightning Production at Michigan Plant Ford temporarily reduces shift at Rouge Electric Vehicle Factory, affecting 700 jobs, citing supply chain issues, not UAW strike-related.
  • Car Lover's Dilemma: Manufacturers Prioritize 'Features' Amid Security Debate Automakers prioritize software and biometric tech, but face cybersecurity risks, including potential hacking vulnerabilities in vehicles.
  • 5 Little-Known Facts About Electric Cars that Owners Often Miss Stay safe with electric cars: cautious charging, accident response, and flood precautions for eco-friendly driving.
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