ITBEAR

Li Ke of BYD: Competition Fortifies Chinese Automakers, While European Rivals Shun It

October 12, 2024 – In an interview with German media, Li Ke, the Executive Vice President of BYD, asserted that the intense competition in the market has rendered Chinese automakers “exceptionally competitive,” whereas European automakers, on the other hand, are averting competition. Li Ke Li Ke spoke to the Frankfurter Allgemeine Zeitung’s Sunday edition regarding…

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Tesla’s Stock Tumbles 8% After ‘Historic’ Announcement; Market Cap Drops by $67 Billion

October 12, 2024 – In the local markets on October 11, Tesla’s shares plunged by 8.78%, closing at 217.8,whichresultedinamarketcapitalizationof695.79 billion. This significant drop wiped out $67 billion from the company’s valuation overnight. The preceding day, on October 10, Tesla unveiled its autonomous taxi and autonomous van models. However, due to the scarcity of detailed information,…

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Nissan Unveils Affordable V2G Technology for 2026 Launch

October 11, 2024 – Nissan Motor Corporation has unveiled its ambitious plan to introduce cost-effective Vehicle-to-Grid (V2G) technology in certain electric vehicle models starting from 2026. This marks a significant stride towards the company’s vision of a sustainable energy ecosystem. The V2G technology will empower electric vehicle owners to utilize the power stored in their…

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Samsung Electronics Initiates Comprehensive Restructuring, Shutting Down LED Business

October 11, 2024 – Samsung Electronics is reportedly undergoing a comprehensive organizational overhaul centered around its manufacturing sites, with plans to deploy research and development (R&D) personnel from its Device Solutions (DS) division, particularly the Equipment Technology Research Institute, directly into its fabrication plants (FABs). According to industry sources cited by Korean media outlet Maeil…

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Priced at $132K, First Police Tesla Cybertruck Hits the Road: Taxpayers Protest

October 11, 2024 – The inaugural police Tesla Cybertruck has hit the streets of Irvine, California, sparking controversy among taxpayers due to its hefty price tag of $132,000. This unique Cybertruck boasts customized police graphics, emergency lighting, and a bespoke interior tailored for its new role, with components crafted by Unplugged Performance and Whelen Engineering….

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Microsoft and Alphabet Top the 2024 Forbes Best Employers List, Samsung Electronics Drops to Third

October 11, 2024 – Forbes magazine has recently unveiled its 2024 list of the Best Employers, with Microsoft, Alphabet (the parent company of Google), and Samsung Electronics occupying the top three spots. This prestigious ranking was determined through a comprehensive survey conducted by Forbes and the German polling agency Statista. The survey reached out to…

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