The US is expected soon to release for trial a new screening mechanism for investment in China. The requirement would be one strand in a broad-based set of new policies under President Joe Biden aimed at boosting American manufacturing and cutting US reliance on China for manufacturing and technology.
The new China investment comes at a tense moment for Musk’s relationship with customers in the world’s biggest consumer market as well as the ruling Chinese Communist Party under President Xi Jinping. Despite success in China – where Tesla makes about a quarter of its revenue – the rise of home-grown plug-in hybrid and EV challengers, including Warren Buffett-backed BYD, has seen Tesla lose market share.
Those concerns deepened after Musk last year started dispatching Starlink satellites to support Ukraine against invading Russian forces.
Wasn't that a song by Traffic?
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: businessposthq - 🏆 8. / 71 Lire la suite »