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As Cars Go Electric, China Builds a Big Lead in Factories - Governors Wind Energy Coalition

Governors Wind Energy Coalition As Cars Go Electric, China Builds a Big Lead in Factories Source: By Keith Bradsher, New York Times • Posted: Wednesday, May 5, 2021 Fueled with money from Wall Street and local officials, automakers plan to build eight million electric cars a year there, more than Europe and North America combined. The body for an electric Zeekr, made by Geely, inside the welding hall of a factory near Ningbo, China.Lorenz Huber for The New York Times ZHAOQING, China Xpeng Motors, a Chinese electric car start-up, recently opened a large assembly plant in southeastern China and is building a matching factory nearby. It has announced plans for a third.

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As cars go electric, China builds a big lead in factories

May 5, 2021 ZHAOQING, China – Xpeng Motors, a Chinese electric car startup, recently opened a large assembly plant in southeastern China and is building a matching factory nearby. It has announced plans for a third. Another Chinese electric car company, Nio, has opened one large factory in central China and is preparing to build a second several kilometers away. Zhejiang Geely, owner of Volvo, showed off an enormous new electric car factory in eastern China last month rivaling in size some of the world’s largest assembly plants. Evergrande, a troubled Chinese real estate giant, has just built electric car factories in the cities of Shanghai and Guangzhou and hopes to be making almost as many fully electric cars by 2025 as all of North America.

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Chinese Tech Stocks Rally After Anti-Monopoly Pledge as Regulators Sharpen Claws

Regulators fined Alibaba a record $2.8 billion over the weekend for stifling competition in online retail, then met with affiliate Ant on Monday and ordered it to restructure as a financial holding company. Then on Tuesday, the State Administration for Market Regulation warned 34 Chinese internet platforms in a meeting to learn from the crackdown on Alibaba and submit a plan for compliance with anti-monopoly practices within a month. Chinese regulators have focused their attention in recent months on Jack Ma s e-commerce giant and its fintech affiliate Ant Group, whose giant IPO was abruptly suspended in November. Authorities had begun investigating Alibaba in December, primarily for a practice of forcing merchants to choose one of two platforms, rather than allowing them to work with both.

Hong kongSina weiboJack maAnt groupAdministration for market regulationState administrationMarket regulationHong kong tradedஹாங் காங்பலா மாஎறும்பு குழுசந்தை ஒழுங்குமுறைஹாங் காங் வர்த்தகம் செய்யப்பட்டது

Chinese Tech Stocks Rally After Anti-Monopoly Pledge as Regulators Sharpen Claws

Chinese Tech Stocks Rally After Anti-Monopoly Pledge as Regulators Sharpen Claws
nbcconnecticut.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcconnecticut.com Daily Mail and Mail on Sunday newspapers.

Hong kongSina weiboJack maAnt groupAdministration for market regulationState administrationMarket regulationHong kong tradedஹாங் காங்பலா மாஎறும்பு குழுசந்தை ஒழுங்குமுறைஹாங் காங் வர்த்தகம் செய்யப்பட்டது

Chinese Tech Stocks Rally After Anti-Monopoly Pledge as Regulators Sharpen Claws

Chinese Tech Stocks Rally After Anti-Monopoly Pledge as Regulators Sharpen Claws
nbcphiladelphia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcphiladelphia.com Daily Mail and Mail on Sunday newspapers.