China has distributed an additional 300 billion yuan ($42 billion) allocated for infrastructure projects through three state policy banks as of Wednesday, the official Securities Times reported on Thursday. The increased funding was part of policymakers’ support to spur growth in the world’s second-biggest economy by issuing debt to fund big public works projects. China‘s cabinet… Continue reading China offers loans of $42b for infrastructure spending
Category: Tech News
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Credit Suisse names Jing Wang as China securities venture CEO
Credit Suisse Group AG has named veteran banker Jing Wang as chief executive officer of its Chinese securities joint venture effective immediately, according to an internal memo reviewed by Reuters on Thursday. Wang recently worked as the bank’s head of China onshore wealth management. A Credit Suisse spokesperson confirmed the contents of the memo. The China joint venture, Credit Suisse Securities (China) Ltd,… Continue reading Credit Suisse names Jing Wang as China securities venture CEO
Blackrock, Indonesia’s INA, others to provide $300m financing facility for Traveloka
Indonesia Investment Authority (INA), the country’s sovereign wealth fund, has signed a $300-million financing facility with online travel agent Traveloka, according to a press statement on Thursday. BlackRock, Allianz Global Investors, Orion Capital Asia were among the other investors who joined the financing round. DealStreetAsia reported in June that INA was in talks to join… Continue reading Blackrock, Indonesia’s INA, others to provide $300m financing facility for Traveloka
New York follows California mandating zero-emissions vehicles by 2035
All new passenger cars, pickup trucks and SUVs sold in New York state must be zero emissions by 2035, Governor Kathy Hochul announced Thursday. “By revving up our clean transportation transition and making major investments to make EVs more accessible, we’re supercharging our fight against climate change,” Hochul tweeted. NEW: All new vehicles sold in… Continue reading New York follows California mandating zero-emissions vehicles by 2035
Finally. Lordstown Motors, Foxconn begin Endurance EV production
Taiwanese electronics manufacturer Foxconn has begun production of Lordstown Motors’s electric pickup truck. The news, which Bloomberg grabbed first, is a milestone for both companies: Foxconn as it diversifies from manufacturing consumer electronics like iPhones to electric vehicles, and Lordstown as it finally gets its much-anticipated Endurance truck off production lines and, hopefully, into customers’… Continue reading Finally. Lordstown Motors, Foxconn begin Endurance EV production
Google is shutting down its gaming service Stadia, giving out refunds
Google Just three years after its launch, Google is shutting down its streaming game service Stadia. The platform “hasn’t gained the traction with users that we expected,” Stadia GM Phil Harrison noted in a blog post. If you purchased any Stadia hardware through the Google Store, Google will offer you a refund. The same is… Continue reading Google is shutting down its gaming service Stadia, giving out refunds
Elon Musk says Tesla Cybertruck is waterproof enough to cross rivers and lakes – and even seas
Tesla The Tesla Cybertruck was introduced in 2019 as an electric vehicle that would have the functionality of a pick-up truck with the performance of a sports car. However, on Thursday Elon Musk suggested the vehicle will offer even more than that — and could “briefly” function as a boat. According to Musk, the cybertruck… Continue reading Elon Musk says Tesla Cybertruck is waterproof enough to cross rivers and lakes – and even seas
Tesla Cybertruck is going to be ‘waterproof enough’ to cross rivers
Elon Musk says that Tesla Cybertruck is going to be “waterproof enough” to cross rivers and serve as a boat for short periods. It looks like Musk read Electrek this morning when we reported on the world’s first fully electric amphibious 8×8 XTV vehicle because he quickly announced that the Tesla Cybertruck will pretty much… Continue reading Tesla Cybertruck is going to be ‘waterproof enough’ to cross rivers
Tesla employee was hit by a car in bizarre Supercharger ICEing incident
A Tesla employee was reportedly hit by a car in a bizarre ICEing incident at a Supercharger station in Austin, Texas. The police are now asking for the public’s help in finding the suspect. When used in reference to a charging station, the term “ICEing” in the EV community is used to describe the scenario… Continue reading Tesla employee was hit by a car in bizarre Supercharger ICEing incident
Elon Musk sets expectations for Tesla AI Day 2
Elon Musk has set some expectations for Tesla AI Day 2, which we now know is going to feature “lots of technical detail and cool hardware demos.” While it has been a long time since Tesla had a proper product unveiling event, the company started to hold somewhat regular annual events with specific subjects at… Continue reading Elon Musk sets expectations for Tesla AI Day 2