Kim Jong Un's Push for Economic Self-Sufficiency: What You Need to KnowNorth Korea’s Chief Secretary Kim Jong Un attended a groundbreaking ceremony for a local industrial factory in Sungcheon County. (Photo=Rodong Sinmun-News1) North Korea is currently developing local industrial factories in 20 cities and counties. According to North Korean media, these factories, including essential food, daily necessities, and clothing, are being constructed to align with each […]
Goldman Sachs Slashes Tesla's Target Price Over Production ConcernsGlobal investment bank Goldman Sachs has downgraded Tesla’s stock price. This reflects concerns about production issues and market conditions despite the price increase of Tesla’s main models. On the 18th, Goldman Sachs lowered Tesla’s target stock price from $220 to $190, maintaining a neutral investment opinion. The $190 is based on applying a 50-time multiplier […]
China's BYD Sends Delegation to Mexico for Electric Car Factory ReviewOn March 9, 2024, it was reported that the Chinese firm BYD dispatched a delegation to Mexico to consider building an electric car factory there. According to a Mexican government official, last week, BYD executives met with government officials and Chinese suppliers located in Jalisco, including ITI, which manufactures machinery for automotive parts. The cost […]
Elon Musk's Tesla Faces Setbacks: Stock Plummets Amid Factory SabotageTesla’s stock price has taken a severe hit, with its market capitalization evaporating by over $76 billion in just two days. This is mainly due to a series of setbacks in China and Germany, coupled with a global slowdown in the growth of the electric vehicle market. On May 5 (local time), Tesla’s stock closed […]
Tesla's Gigafactory in Berlin Halts Production After Suspected Arson AttackOn the 5th, Tesla’s Gigafactory in Berlin, Germany, halted production due to a fire suspected of an arson attack by a group at a nearby substation facility. According to Reuters and other foreign media reports, a fire broke out at the Steinfurt substation near the Tesla factory. The fire did not spread inside the Tesla […]
Hyundai Motor America Revs Up Factory Workers' Pay: 28% Raise by 2028Hyundai Motor America plans to increase factory workers' wages by 25% by 2028, following similar moves by Honda and Toyota.
UAW Strike Widens: GM's Spring Hill Factory Hit, 20,000 Workers Now on StrikeGM expands strike to Spring Hill factory, impacting production in multiple facilities, with estimated losses exceeding $800 million in Q3.
Urine Beer: Viral Video Shows Tsingtao Worker Urinating in Brewery Tank A video exposing the use of urine in the production of Tsingtao Beer at a Chinese factory has been unveiled.
Ford to Temporarily Cut F-150 Lightning Production at Michigan PlantFord temporarily reduces shift at Rouge Electric Vehicle Factory, affecting 700 jobs, citing supply chain issues, not UAW strike-related.
Tesla's Gigafactory Shanghai Surpasses 2 Million Units in Cumulative ProductionTesla's Gigafactory Shanghai hit 2 million units produced in 13 months after reaching 1 million, credited to its Shanghai business environment.
Kim Jong Un's Push for Economic Self-Sufficiency: What You Need to Know North Korea’s Chief Secretary Kim Jong Un attended a groundbreaking ceremony for a local industrial factory in Sungcheon County. (Photo=Rodong Sinmun-News1) North Korea is currently developing local industrial factories in 20 cities and counties. According to North Korean media, these factories, including essential food, daily necessities, and clothing, are being constructed to align with each […]
Goldman Sachs Slashes Tesla's Target Price Over Production Concerns Global investment bank Goldman Sachs has downgraded Tesla’s stock price. This reflects concerns about production issues and market conditions despite the price increase of Tesla’s main models. On the 18th, Goldman Sachs lowered Tesla’s target stock price from $220 to $190, maintaining a neutral investment opinion. The $190 is based on applying a 50-time multiplier […]
China's BYD Sends Delegation to Mexico for Electric Car Factory Review On March 9, 2024, it was reported that the Chinese firm BYD dispatched a delegation to Mexico to consider building an electric car factory there. According to a Mexican government official, last week, BYD executives met with government officials and Chinese suppliers located in Jalisco, including ITI, which manufactures machinery for automotive parts. The cost […]
Elon Musk's Tesla Faces Setbacks: Stock Plummets Amid Factory Sabotage Tesla’s stock price has taken a severe hit, with its market capitalization evaporating by over $76 billion in just two days. This is mainly due to a series of setbacks in China and Germany, coupled with a global slowdown in the growth of the electric vehicle market. On May 5 (local time), Tesla’s stock closed […]
Tesla's Gigafactory in Berlin Halts Production After Suspected Arson Attack On the 5th, Tesla’s Gigafactory in Berlin, Germany, halted production due to a fire suspected of an arson attack by a group at a nearby substation facility. According to Reuters and other foreign media reports, a fire broke out at the Steinfurt substation near the Tesla factory. The fire did not spread inside the Tesla […]
Hyundai Motor America Revs Up Factory Workers' Pay: 28% Raise by 2028 Hyundai Motor America plans to increase factory workers' wages by 25% by 2028, following similar moves by Honda and Toyota.
UAW Strike Widens: GM's Spring Hill Factory Hit, 20,000 Workers Now on Strike GM expands strike to Spring Hill factory, impacting production in multiple facilities, with estimated losses exceeding $800 million in Q3.
Urine Beer: Viral Video Shows Tsingtao Worker Urinating in Brewery Tank A video exposing the use of urine in the production of Tsingtao Beer at a Chinese factory has been unveiled.
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.
Tesla's Gigafactory Shanghai Surpasses 2 Million Units in Cumulative Production Tesla's Gigafactory Shanghai hit 2 million units produced in 13 months after reaching 1 million, credited to its Shanghai business environment.
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