BUSINESS Archives - Page 56 of 60

China's $27 Billion Semiconductor Fund Signals Tech Hegemony Battle with US 2024.03.12 China, emphasizing technological independence against U.S. high-tech regulations, has rolled up its sleeves to create a fund of at least $27 billion to foster its domestic semiconductor industry. The scale is expected to surpass the 200 billion yuan second fund in 2019, making it the largest ever. Reuters reported in September last year that the […]

World's Richest Person: Arnault Takes Lead, Bezos Falls to Second Place 2024.03.11 A power struggle for the title of “world’s richest person” is ongoing between Elon Musk, CEO of Tesla, Jeff Bezos, the founder of Amazon, and Bernard Arnault, Chairman of the French luxury group Louis Vuitton Moet Hennessy (LVMH). According to the Bloomberg Billionaires Index on the 10th, as of the 7th, Chairman Arnault has reclaimed […]

U.S. to Restrict Sale of Strategic Petroleum Reserves to China 2024.03.11 The U.S. Congress is pushing for a measure to prohibit the sale of strategic petroleum reserves to China. According to industry sources, on the 10th, U.S. bipartisan leaders agreed on the 3rd to continue operating a significant portion of government functions until the end of the fiscal year 2023 (October 2023 to September 2024) to […]

Tesla Launches Exclusive 2-Seater Model Y in France 2024.03.11 Tesla launched a new 2-seater Model Y in France on March 5, 2024. According to Tesla insiders, the new model has a storage capacity of 76.2 cubic feet ( about 2,158 liters ), offers a range of up to 351 miles (about 565 km) (WLTP cycle), and was launched as a vehicle for business that […]

Explore the Features of 'Hyundai Ioniq 6: 'Electric Car of the Year' 2023.12.12 [TheGuru=Jinwoong Yoon] Hyundai Ioniq 6 has been selected as the '2023 Electric Vehicle of the Year' by the US automotive publication The Driver...

China Stock Market Weekly: Watching Economic Indicators Amid Deflation Worries 2023.12.11 Chinese stocks will focus on November's real economic data and economic policies for next year. Last week, foreigners were net sellers of stocks in China's equity markets, continuing the bearish trend. This week, financial and real economic data will be released.

Nissan's Next-Gen LEAF Will Not Qualify for the IRA in the U.S. 2023.12.02 Nissan's next-gen Leaf, produced in the UK, loses a US IRA tax deduction, impacting its competitiveness in the market.

Michigan Installs First U.S. Road to Charge EVs Without Plugs 2023.12.02 Electreon and MDOT pioneered the U.S.'s first wireless charging road in Detroit's Corktown, testing electric vehicle charging technology.

Korea's First Female CEO Faces 3-Month Suspension – Shockwaves in Finance World 2023.11.30 KB Securities CEO Jeong Rim Park was suspended for 3 months for failing to control standards and the Lime Fund scandal.

All About the Porsche's Next-Gen Panamera: A Symphony of Performance and Luxury 2023.11.28 Porsche reveals 3rd-gen Panamera in Shanghai, emphasizing electrification, performance, and customizable options.

Hyundai Chairman Named Auto Industry Leader of 2023 in the U.S. 2023.11.27 Hyundai Motor Group's Chairman, Euisun Chung, was named Automotive Industry Leader of the Year by Automotive News for innovation and vision.

Florida Court Admits Tesla Driving Assistance System Defective 2023.11.24 Palm Beach County Judge acknowledges Tesla's flaws in driver assistance system, raises concerns about Autopilot terminology.

Inside the Britsh Royal's Exclusive Bentley: $12 Million Car that Carried Royalty 2023.11.24 President Yoon Suk Yeol and his wife ride in a Bentley state limousine during UK visit, previously owned by Queen Elizabeth II.

Lucid Motors Takes on Tesla with the Launch of Its New Electric SUV, Gravity 2023.11.22 Lucid Motors unveiled its large electric SUV called "Gravity" with impressive features, including a 710km range and aerodynamic design.

Hyundai and Kia Set New U.S. Sales Records for Ioniq 5 and EV6 2023.11.22 In October 2023, Hyundai Ioniq 5 U.S. sales jumped 88% YoY to 2,979 units, while Kia's EV6 increased 30%, selling 1,542 units.

Elon Musk Drops Bombshell: Tesla's $27K Model 2 in the Work 2023.11.20 Tesla is reportedly working on a cheaper electric car model with a price tag of less than $27,000, aiming to make EVs more affordable.

November Tire Alert: Don't Be Part of the 99.9% – Replace Your Tires Now 2023.11.20 Winter tire care is essential for safe driving. Choose winter tires, replace all four, and check tire pressure regularly.

Gold Glove Winner Ha-Seong Kim's Impressive Car Collection 2023.11.18 Gold Glove-winning MLB player Ha-Seong Kim owns a luxurious car collection, featuring an Aston Martin, Mercedes G-Wagon, and Cadillac XT6.

The Prelude Is Back: Honda's Concept Car Promises a Thrilling Drive Ahead 2023.11.18 In October's Japan Mobility Show, Honda unveiled a concept car named 'Prelude,' reviving the iconic sports coupe for a global launch.

Global Electric Vehicle Sales Surge by 34% in October, Despite Market Predictions 2023.11.17 Global EV sales rose in October, driven by China, with BYD and Tesla performing well despite subsidy cuts.

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