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190107 -- SHANGHAI, Jan. 7, 2019 Xinhua -- Tesla CEO Elon Musk speaks at the groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, east China, Jan. 7, 2019. U.S. electric carmaker Tesla Inc. on Monday broke ground on its Shanghai factory, becoming the first to benefit from a new policy allowing foreign carmakers to set up wholly-owned subsidiaries in China. The new plant, Tesla s first outside the United States, is located in Lingang Area, a high-end manufacturing park in the southeast harbor of Shanghai. It is designed with an annual capacity of 500,000 electric cars. Tesla signed the agreement with the Shanghai municipal government in July 2018 to build the factory. In October, the company was approved to use an 864,885-square-meter tract of land in Lingang for its Shanghai plant. Xinhua/Ding Ting CHINA-SH PUBLICATIONxNOTxINxCHN

News

April 21st, 2024

Tesla continues the discount battle

The discount spiral caused by China's overcapacity continues. Tesla once again lowered its prices in China.

By Redaktion Table

August 8, 2020, Munich, Bavaria, Germany: A demonstrator in Munich, Germany wears a mask with the Uyghur/East Turkestan flag with the Chinese flag on a hand symbolizing the oppression they face in the Xinjiang Province of China. Bringing attention to the deteriorating situation in the Xinjiang Province of China, German Uyghurs demonstrated at Munich s Marienplatz. Potentially 11 million Uyghurs live under oppression in China with 150 of the largest concerns in Europe have economic interests in the region and Uyghurs in their supply chain, such as Nike, Volkswagen, Apple, BMW, Samsung, Huawei, Sony, and others. There are some 800 Uyghurs in the exile community in Munich. Munich Germany - ZUMAb160 20200808_zbp_b160_005 Copyright: xSachellexBabbarx

News

April 21st, 2024

Authorities ban WhatsApp from the Apple App Store

Most Western social media services such as WhatsApp, X or Threads could only be used in China via VPN services anyway. Now, Apple is no longer even allowed to offer them on its App Store.

By Felix Lee

News

April 19th, 2024

Croatia faces difficult government formation

No party has won an absolute majority in the parliamentary elections in Croatia. Right-wing nationalists could now become the kingmakers as possible coalition partners.

By Redaktion Table

Netzausbau und Energiewende - der Transport von Windenergie vom Norden in den Süden der Bundesrepublik krankt immer noch am schleppenden Ausbau des Stromnetzes.

News

April 19th, 2024

Bidding zone split: Commission calls for agreement with neighbors

In the dispute over a possible split of the German electricity bidding zone, the Commission does not want to exert any pressure on Germany at present. At a Europe.Table Live Briefing, however, the Directorate-General for Energy also made an appeal to the German government.

By Manuel Berkel

News

April 19th, 2024

35 parties and political associations from Germany admitted to the election

The Federal Election Committee has announced how many parties and political groups from Germany will be standing in the European elections. One party has successfully defended itself against rejection.

By Redaktion Table

News

April 19th, 2024

Study: Climate action should be incorporated into Germany's Basic Law as a joint task

The German Institute of Urban Affairs (Difu) has examined how local German municipalities should fund climate action measures. The result: Climate action should be enshrined in the Basic Law as a joint task.

By Carsten Hübner

News

April 19th, 2024

Economic Committee votes in favor of deposit protection reform

MEPs vote in favor of a European fund to provide additional protection for bank customers' money. The savings banks are firmly opposed to the reform.

By Till Hoppe

Der Schriftzug des Versicherungsunternehmens Allianz SE auf dem 125 Meter hohen Treptower in Berlin. Foto: bildgehege Allianz *** The lettering of the insurance company Allianz SE on the 125-meter Treptower in Berlin Photo bildgehege Allianz

News

April 18th, 2024

Allianz fund subsidiary allowed to do business in China

The insurance group Allianz has been given the green light for its fund business in China and thus access to the 3.8 trillion US dollar market for open-ended investment funds. This market has been open to foreign companies since 2019.

By Redaktion Table

News

April 18th, 2024

Study: ASEAN only offers 'pseudo-diversification'

According to a study by the Konrad Adenauer Foundation, the European economy cannot do without China. Even the emerging ASEAN countries only ostensibly contribute to derisking.

By Redaktion Table

VELDHOVEN, 06-05-2020, ASML Hq, Headquarters ASML. ASML Headquarters PUBLICATIONxINxGERxSUIxAUTxONLY x8044503x Copyright:

News

April 18th, 2024

China remains important market for ASML despite embargo

Under pressure from the US, the Netherlands joined a US embargo against the People's Republic. ASML's business in China nevertheless remains the most important pillar of the semiconductor machine manufacturer.

By Amelie Richter