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Tesla stops sales of its cheapest Model 3 in the U.S. due to U.S. sanctions
The standard rear-wheel drive version of Tesla, which used to be available for $39,000, used LFP batteries produced in China. Recently, the U.S. imposed sanctions and increased tariffs — the cost of the car soared so much that Elon Musk decided it would be easier to s…Read More
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Sales of electric vehicles in Germany are plummeting — 70% fewer cars were sold in August compared to the same period last year. Across the EU, the EV segment has seen a 44% drop. Overall, car sales have decreased by 18.3%.
The main issue? YouTube. People are realizing that a car priced at $50,000 in the EU would cost just $25,000 in China. T…Read More
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Are the “German quality” believers here?
Right after recalling 1.4 million cars in China due to airbag issues, BMW is now recalling 1.5 million vehicles due to brake system failures. The problem is very serious – it requires a trip to the service center and major specialist intervention.
Analysts predict that warranty servicing will cost a…Read More
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China’s trade balance has set a new historic record. Again.
By the end of August, the trade balance surplus increased to $91.02 billion. Analysts had predicted growth to $83 billion. If you look at the chart and the timing of the explosive growth, the answer becomes obvious. China hasn’t lost its trade ties with Russia, has replaced all for…Read More
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Intel might be sold to China – Qualcomm is interested in purchasing Intel Core’s division, which creates processors for PCs.
Intel itself denies any plans to sell parts of the business, but the numbers say otherwise – a 60% drop in stock value over six months, processor degradation, and the CEO’s prayers on Twitter hint at the inevi…Read More
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