In the EV world, these problems have hurt Tesla, XPeng, and NIO, among others. But NIO’s founder, chairman, and CEO is now saying that things should start looking up by the spring. “I am very confident that in the near future, China supply chain and the auto industry will return to normal,” NIO leader William Li.
“My preliminary estimate, with the factor of the upcoming Lunar New Year, is I believe the overall supply chain should be stabilized by next March or April,” he added. But the question is: is this a trustworthy projection, or is it Li grasping at a bit of hope and trying to inject some more consumerism into the population? We’ll find out in a few months.
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Stitch Fix CEO Elizabeth Spaulding Steps Down, As Company Cuts 20 Percent of its Salaried WorkforceAmid a slumping business, Elizabeth Spaulding has relinquished her role as chief executive officer and a member of the board of directors of StitchFix.
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Asia stocks hit 4-month high on reopening of Chinese economyAsian shares rose on Thursday on investor hopes for China's emergence from the COVID-19 pandemic, while the dollar stayed under pressure even as the U.S. Federal Reserve had a warning against market bets on interest rate cuts this year.
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Asia stocks scale 4-month high on reopening of Chinese economyAsian shares rose on Thursday on hopes for China's emergence from the pandemic, while the dollar found support after analysts spotted a warning against betting too heavily on rate cuts this year in minutes from the last Federal Reserve policy meeting.
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Auto Industry Expected to Post Worst U.S. Sales Year in More Than DecadeThe U.S. auto industry is expected to report a drop in overall sales for 2022, as supply-chain snarls left dealerships with little inventory How about a recession that occurred in the first and second quarter. Oh ya. You didn't report that. Remember the 2 consecutive quarters of negative GDP growth is by definition a recession. We had that! Lower your goddamn prices….fucking thieves Hi guys. Are you interested in learning how to trade the forex market and you do not have the funds or what you think is required to start learning? I’m hosting a free intro to forex class on a closed WhatsApp group. link to the group.
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