B.C. woman who lost $69K to fraudster wins right to sue bank on appeal:
cbc.ca/news/canada/british-columbia/b-c-woman-given-go-ahead-to-sue-bank-1.6731459
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| Last Updated | Jan 31 23 |
| Total Articles | 1 |
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TikTok ban: ByteDance would rather shut app down than sell, insiders say: TikTok owner ByteDance would prefer shutting down its loss-making app rather than sell ...
scmp.com/news/world/united-states-canada/article/3260400/tiktok-ban-bytedance-would-rather-shut-app-down-sell-insiders-say
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
- ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.
- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
Maximilian Krah: Public Prosecutor General's Office initiates preliminary investigations
t-online.de/nachrichten/deutschland/innenpolitik/id_100393116/maximilian-krah-generalstaatsanwaltschaft-leitet-vorermittlungen-ein.html
Quick Glance: Investigation of Possible Payments from China and Russia to Maximilian Krah
- The General Prosecutor's Office in Dresden has officially initiated investigations against Maximilian Krah due to potential financial flows from Russian and Chinese sources.
- The AfD lead candidate for the European Parliament elections, Maximilian Krah, is the subject of two preliminary investigations at the General Prosecutor's Office in Dresden.
- Towards the end of last year, Krah was questioned by the FBI about possible payments from Kremlin-related sources, allegedly carrying a four-digit sum of money at that time.
- On Monday evening, German authorities arrested Jian G., a close associate of Krah, who is suspected of spying for the Chinese intelligence service in Germany.
China warns Antony Blinken US must choose between ‘co-operation or confrontation’
ft.com/content/ef9d2f6f-3ef6-4249-af0c-649583e0ee43
Quick Glance: China warns US to Choose Cooperation or Confrontation with Antony Blinken
- Blinken expected to demand Beijing cease support for Russia
- Tensions rise over accusations of China aiding Russia in Ukraine
- US accused of hindering Chinese industrial growth through export controls
- US and China seek to stabilize relations before US election campaign
Inside the China-US Competition for AI Experts: Who’s winning the fight for top-tier AI talent?
bloomberg.com/news/articles/2024-04-25/inside-the-china-us-competition-for-ai-experts
How Volvo landed a cheap Chinese EV on U.S. shores in a trade war : A made-in-China electric vehicle will hit U.S. dealers this summer offering power and ...
nbcnews.com/business/autos/volvo-landed-cheap-chinese-ev-us-shores-trade-war-rcna149349
Reuters World News: Blinken in China, Trump immunity, Haiti violence and Russian censors
reut.rs/3vZMHJ7
Nidec faces market pressure as founder rips 'unfair' China EV war: TOKYO -- Cutthroat competition in China's electric vehicle sector has cast a shadow over ...
asia.nikkei.com/Business/Markets/Nidec-faces-market-pressure-as-founder-rips-unfair-China-EV-war
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RIP, SSF: Unpacking the PLA’s Latest Restructuring: The Strategic Support Force is no more, and its functions are being separated into three separate arms: the ...
thediplomat.com/2024/04/rip-ssf-unpacking-the-plas-latest-restructuring/
US Says China Moving Too Slowly on Protecting Intellectual Property: The Biden administration called on China to improve its protections of intellectual property ...
bloomberg.com/news/articles/2024-04-25/us-says-china-moving-too-slowly-on-protecting-intellectual-property
Von Notz in the Bundestag: "AfD is a shame for our country": Fierce exchange of blows in the Bundestag: The Greens are attacking the AfD head-on because of ...
zdf.de/nachrichten/politik/deutschland/afd-russland-china-spionage-bundestag-100.html
Quick Glance: AfD and Espionage: Intense Debate in Bundestag
- The Greens criticize the AfD for contacts with Russia and China.
- Von Notz calls the AfD a disgrace and anti-democratic.
- Faeser warns of espionage and criticizes the AfD objectively.
- Employee of AfD's lead candidate Krah arrested for espionage.
WADA to review Chinese doping case: Under-fire World Anti-Doping Agency (WADA) said on Thursday it would launch an independent review over its handling of a case ...
reuters.com/sports/wada-launch-independent-review-into-chinese-doping-case-2024-04-25/
Krah's work and Höcke's contribution: And suddenly the AfD leadership has a problem
n-tv.de/politik/Und-ploetzlich-hat-die-AfD-Fuehrung-ein-Problem-article24897494.html
Toyota teams up with Tencent for drive into China's EV market: BEIJING -- Toyota Motor said on Thursday that it is forming a strategic alliance with Chinese ...
asia.nikkei.com/Business/Business-deals/Toyota-teams-up-with-Tencent-for-drive-into-China-s-EV-market
Paid articlePaidQuick Glance: Toyota and Tencent Collaborate for Entry into China's EV Market
- Toyota announces strategic alliance with Tencent to develop artificial intelligence, cloud computing, and big data for electric vehicles in China.
- Japanese automaker Toyota has been facing challenges in the Chinese market due to aggressive pricing and marketing by local competitors.
- Collaboration with Tencent focuses on developing in-car software crucial for next-generation vehicles.
- Demand for electric vehicles in China is rapidly growing, and Toyota aims to accelerate in this sector.
Apple moves closer to China despite supply chain shifts: TAIPEI -- Apple is deepening its ties with China even as it further expands production in Southeast Asia ...
asia.nikkei.com/Business/Business-Spotlight/Apple-moves-closer-to-China-despite-supply-chain-shifts
Paid articlePaidQuick Glance: Apple deepens ties with China amidst supply chain shifts
- Apple is increasing the number of China-based suppliers and Chinese manufacturing sites while decreasing the number of suppliers from Taiwan, the U.S., Japan, and South Korea.
- The company is navigating a balancing act between politics and business by expanding its production in Southeast Asia and India.
- This trend is evident in Apple's latest official supplier list, highlighting China's growing importance.
🔊 What you need to know today:
-Blinken visits China, warns Beijing over Russia support
-US Supreme Court hears Trump’s immunity case
-Gang violence spreads as ...
reut.rs/3Uhk5D7
TikTok CEO expects to defeat US restrictions: 'We aren't going anywhere': TikTok's chief executive said on Wednesday that the company expects to win a legal ...
reuters.com/technology/tiktok-ceo-expects-defeat-us-restrictions-we-arent-going-anywhere-2024-04-24/
Reuters World News: Blinken in China, Trump immunity, Haiti violence and Russian censors
reut.rs/3vZMHJ7
New ASML boss Fouquet must navigate US/China chip war: ASML's new boss Christophe Fouquet faces a tricky balancing act in helping to steer Europe's biggest tech ...
reuters.com/technology/new-asml-boss-fouquet-must-navigate-uschina-chip-war-2024-04-25/
Gaza protesters clash with police at US universities: Demonstrators in Texas were met with state troopers as protests lead to arrests on campuses across the ...
bbc.com/news/av/world-us-canada-68851625
How does China feed its population? | NZZ: For Xi Jinping, food security is a top priority. But China's dependence on food imports is growing - a risk in the ...
nzz.ch/international/wie-ernaehrt-china-seine-bevoelkerung-nzz-ld.1827429
EU Raises Stakes With Chinese Medical-Device Probe: Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European ...
bloomberg.com/news/newsletters/2024-04-24/eu-raises-stakes-with-chinese-medical-device-probe
Quick Glance: EU Raises Stakes With Chinese Medical-Device Probe
- The EU launched a probe into Chinese medical-device procurement, prompted by concerns that the government in Beijing unfairly favors domestic suppliers, risking tensions ahead of Xi Jinping's upcoming visit.
- The investigation will collect information from companies and member states and must be concluded within nine months. If it confirms a lack of reciprocity, the EU could restrict Chinese access to its tenders.
- This move follows a decision last year to begin an anti-subsidy probe into electric vehicles made in China, potentially leading to new tariffs by July.
- Chinese leaders have rebutted European and US criticism of market distortion in favor of domestic firms, but doubts persist regarding Beijing's extensive use of public support.
Space travel: Three astronauts launched to the Chinese space station “Tiangong”: The spacecraft “Shenzhou 18” took off from the Gobi Desert late Thursday evening ...
spiegel.de/wissenschaft/weltall/chinesische-raumfahrt-drei-astronauten-zu-weltraumstation-tiangong-gestartet-a-f48998b6-b65a-4075-b1be-b3280fdf5292
China vs. USA: TikTok controversy could strengthen democracy: China's stance on TikTok could inadvertently promote digital ethics and pave the way for stricter ...
t-online.de/digital/kolumne-nicole-diekmann/id_100392090/china-vs-usa-tiktok-kontroverse-koennte-demokratie-staerken.html
Huawei’s new Pura 70 series smartphone poses a threat to iPhone sales in China, say analysts
scmp.com/tech/big-tech/article/3259655/huaweis-new-pura-70-series-smartphone-poses-threat-iphone-sales-china-say-analysts
Hacker attacks: What China can use stolen data for: China collects personal information on Americans and other foreigners. This data on millions of people helps ...
nzz.ch/technologie/china-hacker-datenleak-wozu-china-die-vielen-gestohlenen-daten-verwenden-koennte-ld.1825055
If Britain is so bothered by China, why do these .gov.uk sites use Chinese ad brokers?
theregister.com/2024/04/24/ads_on_gov_uk_websites/
Micron secures $13bn in US support to expand chipmaking capacity: Idaho-based memory chipmaker is latest beneficiary of funding from 2022 Chips Act
ft.com/content/084c5cce-3734-4c28-8cab-ee1ecaa7e402
Deterring China one big reason US aiding Ukraine: The Senate overwhelmingly approved a US$95.3 billion foreign aid funding package for Ukraine ...
asiatimes.com/2024/04/deterring-china-one-big-reason-us-aiding-ukraine/
Quick Glance: Biden signs Comprehensive Military Aid Package for Ukraine, Israel, and Taiwan
- President Biden announces the signing of a substantial $95 billion military assistance package for Ukraine, Israel, and Taiwan, with a significant portion of the funds directed towards Ukraine.
- Despite initial resistance from Republicans in Congress, Biden has signed the aid package, highlighting the reinforcement of allies and ensuring prompt deliveries to Ukraine.
- The assistance for Ukraine includes weapons and military equipment valued at around $1 billion, encompassing artillery shells and air defense missiles.
- Military analysts do not foresee significant changes on the frontlines in eastern Ukraine, while the US support aims to aid Ukraine in operations in southern Ukraine, particularly focusing on Crimea and the Black Sea.
Strong electric car sales expected for 2024, but charging grid needs work: International Energy Agency points out obvious: Infrastructure needs to meet demand
theregister.com/2024/04/24/iea_reports_strong_electric_car_demand/
China harbors ship linked to North Korea-Russia arms transfers, satellite images show
english.alarabiya.net/News/world/2024/04/25/china-harbors-ship-linked-to-north-korea-russia-arms-transfers-satellite-images-show
Ad group WPP trails rivals with decline in organic revenue: Britain's WPP became a clear laggard among global ad companies with a drop in organic revenue drop in ...
reuters.com/business/media-telecom/ad-group-wpp-reports-16-drop-first-quarter-organic-growth-2024-04-25/
Huber on ntv Frühstart: "The AfD is a danger for Germany": The top candidate is no longer acceptable, the AfD is a danger to Germany: clear words from CSU ...
n-tv.de/politik/Die-AfD-ist-eine-Gefahr-fuer-Deutschland-article24896930.html
Reuters World News: Blinken in China, Trump immunity, Haiti violence and Russian censors
reuters.com/podcasts/podcast-blinken-china-trump-immunity-haiti-violence-russian-censors-2024-04-25/
Russian President Vladimir Putin to visit China in May as Moscow seeks to bolster ties with Beijing
scmp.com/news/world/russia-central-asia/article/3260396/russias-vladimir-putin-says-plans-visit-china-may
EU conducts ‘dawn raid’ on Chinese security equipment supplier: Separate Brussels probe targets Chinese medical market amid growing trade tensions with Beijing
ft.com/content/4aa9b10f-93bf-4af3-b5e0-e2865ad78af7
Huge fossilised footprint of dinosaur found in China belongs to a megaraptor: Huge fossilised footprint of dinosaur found in China belongs to a megaraptor
wionews.com/science/huge-fossilised-footprint-of-dinosaur-found-in-china-belongs-to-a-megaraptor-714852
China's Fake-Fashion Retailers Thrive on TikTok, Reddit, Discord: Eager buyers of Pandabuy’s questionable luxury goods declare they’re done ...
bloomberg.com/news/articles/2024-04-23/china-s-fake-fashion-retailers-thrive-on-tiktok-reddit-discord
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Xpeng's Gu says robotaxis won’t be a real business for at least five years: Xpeng, a China-based electric car startup that is also selling in Europe ...
cnbc.com/2024/04/25/xpengs-gu-says-robotaxis-wont-be-a-real-business-for-at-least-five-years.html
U.S. Solar Factories Say Biden Isn't Doing Enough To Protect Them From China: The White House launched a $7 billion “solar for all” program earlier this week ...
huffpost.com/entry/biden-solar-manufacturing-china_n_6629183ce4b06e0c270ad0d4
Tesla needs to fire Elon Musk as CEO if it wants to save itself: Tesla is in trouble: sales are falling and competition from China is ramping up ...
businessinsider.com/tesla-fire-elon-musk-new-ceo-evs-china-sales-earnings-2024-4
Quick Glance: Elon Musk must be removed as CEO to save Tesla
- Tesla is struggling with declining sales, layoffs, and issues in China.
- Elon Musk is blamed for the company's state and his departure could save Tesla.
- Tesla has failed to craft a strategy for chaotic times, resulting in a shrinking market share in China.
Tesla offers zero down payments on Model 3, Model Y in China: Tesla Inc has offered zero down payments on its Model 3 and Model Y vehicles in China ...
reuters.com/business/autos-transportation/tesla-offers-zero-down-payments-model-3-model-y-china-2024-04-24/
Apple smartphone shipments in China plummet 19% in 2024 : Apple’s challenges in china continue in the first quarter of 2024. The company's smartphone ...
wionews.com/videos/apple-smartphone-shipments-in-china-plummet-19-in-2024-714439
Harvey Weinstein's 2020 rape conviction overturned by N.Y. appeals court: New York's highest court on Thursday overturned Harvey Weinstein's 2020 rape conviction ...
ctvnews.ca/world/harvey-weinstein-s-2020-rape-conviction-overturned-by-n-y-appeals-court-1.6861400
Quick Glance: Harvey Weinstein’s 2020 Rape Conviction Overturned
- New York's highest court overturned Harvey Weinstein's 2020 rape conviction, disappointing those who celebrated historic gains during the #MeToo era.
- The ruling was based on legal technicalities and did not exonerate Weinstein's behavior, according to #MeToo advocates.
- Weinstein, convicted in Los Angeles for another rape, will face retrial in New York, despite remaining in prison.
- The court criticized the admission of uncharged sexual acts as evidence, deeming it an abuse of judicial discretion.
EU conducts ‘dawn raid’ on Chinese security equipment supplier: Separate Brussels probe targets Chinese medical market amid growing trade tensions with Beijing
ft.com/content/4aa9b10f-93bf-4af3-b5e0-e2865ad78af7
North Koreans in China vanish as border reopens: HELONG, China: After fleeing famine in North Korea, Kim Cheol Ok laid low in China for decades - until a doomed ...
channelnewsasia.com/asia/north-koreans-vanish-china-border-reopens-escape-4290816
Political scientist: Espionage allegations are unlikely to harm the AfD: Few people will reconsider their attitude towards the party, says political scientist ...
stimme.de/ueberregional/deutschland-welt/politik/inland/politologe-spionage-vorwuerfe-afd-politik-russland-china-art-4913588
Tuscany's luxury suppliers feel chill from China and changing trends: Waning Chinese demand for luxury goods has compounded the problems of Tuscany's traditional ...
reuters.com/business/retail-consumer/tuscanys-luxury-suppliers-feel-chill-china-changing-trends-2024-04-24/
Quick Glance: Impact of Decreasing Chinese Demand on Tuscany's Luxury Suppliers
- The declining demand for luxury goods from China has exacerbated the challenges faced by Tuscany's traditional leather companies as major fashion houses adjust their strategies.
- Last month, the world's largest luxury group, LVMH, reported a decrease in revenue in Asia.
- Certain specialized suppliers have opted to focus on creating exclusive products for niche markets instead of collaborating with prominent fashion brands.
- Amidst industry shifts, concerns arise in Tuscany regarding the potential permanent loss of unique skills integral to the allure of "Made in Italy."
Shenzhou-18 caps over two decades of Chinese human spaceflight: China will send three astronauts into low-Earth orbit on Thursday in the country's 13th crewed ...
reuters.com/technology/space/shenzhou-18-caps-over-two-decades-chinese-human-spaceflight-2024-04-24/
No more facial scans needed at check-in, China tells hotels: Guests can now present a smart ID card. Residents say people are constantly scanned in public anyway ...
rfa.org/english/news/china/china-hotel-facial-scans-04252024142020.html
Polestar may use US plant to sell cars to Europe as EU-China tension rises: Chinese-backed Swedish electric vehicle (EV) maker Polestar Automotive is preparing ...
reuters.com/business/autos-transportation/polestar-may-use-us-plant-sell-cars-europe-eu-china-tension-rises-2024-04-24/
EU launches investigation into Chinese medical device market: BRUSSELS (Reuters) -- The European Commission launched an investigation on Wednesday into Chinese ...
asia.nikkei.com/Politics/International-relations/EU-launches-investigation-into-Chinese-medical-device-market
A Daughter Reflects on What Philadelphia’s Chinatown Meant to Her Mother. - StoryCorps
storycorps.org/stories/a-daughter-reflects-on-what-philadelphias-chinatown-meant-to-her-mother/
Giga-Byte denies sending servers with restricted Nvidia chips to China - Focus Taiwan
focustaiwan.tw/business/202404240007
Taiwan's president-elect appoints new team, says island's security difficult
asiaone.com/asia/taiwans-president-elect-appoints-new-team-says-islands-security-difficult
Blinken visits Beijing: now the US wants to sanction Chinese banks: The threat from Washington is already affecting payment transactions between Russia and China ...
berliner-zeitung.de/wirtschaft-verantwortung/blinken-besucht-peking-jetzt-wollen-die-usa-chinesische-banken-sanktionieren-li.2208744
China taking preventative measures to head off US secondary-sanction threat: Russia’s economy is feeling squeezed.
eurasianet.org/china-taking-preventative-measures-to-head-off-us-secondary-sanction-threat
China envoy calls on U.S. to define 'national security boundaries': WASHINGTON -- China's ambassador to the U.S. has called out Washington ...
asia.nikkei.com/Politics/International-relations/US-China-tensions/China-envoy-calls-on-U.S.-to-define-national-security-boundaries
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Chinese swimmers head to Paris Olympics under a cloud amid row over handling of drugs tests
cnn.com/2024/04/23/sport/china-swimming-doping-paris-olympics-spt-intl/
First on ARD, now on ZDF: Maybrit Illner invites Tino Chrupalla for a discussion: Under the title "Russia, China, espionage - does the AfD represent German ...
tagesspiegel.de/kultur/erst-in-der-ard-nun-im-zdf-maybrit-illner-ladt-tino-chrupalla-zum-gesprach-11566889.html
China Says US’s $8 Billion Taiwan Aid Bill Sends ‘Wrong Signal’: China called on the US to rein in support for Taiwan, after a bill providing some $8 billion in ...
bloomberg.com/news/articles/2024-04-24/china-repeats-criticism-of-us-taiwan-aid-as-bill-passes-senate
Victims of China floods race to salvage property: QINGYUAN: Victims of severe floods in southern China raced on Wednesday (Apr 24) to salvage property from the ...
channelnewsasia.com/asia/victims-southern-china-rain-floods-guangdong-race-salvage-property-4288016
China Rolls-Royce seller lets man of modest means live the dream in car showroom, tells him ‘try hard to succeed’
scmp.com/news/people-culture/trending-china/article/3258629/china-rolls-royce-seller-lets-man-modest-means-live-dream-car-showroom-tells-him-try-hard-succeed
US overtakes mainland China as Taiwan’s main export market, sign of ‘strategic shift’ amid tech decoupling
scmp.com/economy/global-economy/article/3260212/us-overtakes-mainland-china-taiwans-main-export-market-sign-strategic-shift-amid-tech-decoupling
Mitch McConnell Wants Military-Spending Buildup After Big Win on Ukraine Aid: The Senate minority leader is pushing to boost defense spending to confront China ...
on.wsj.com/44cEZI9
‘Audio deepfake’ of Marcos Jnr ordering military action against China prompts Manila to debunk clip
scmp.com/week-asia/politics/article/3260229/audio-deepfake-marcos-jnr-ordering-military-action-against-china-prompts-manila-debunk-clip
Chinese tourist reunites with Thai rescuers after being pushed off cliff by husband in 2019
scmp.com/week-asia/people/article/3260202/chinese-tourist-reunites-thai-rescuers-after-being-pushed-cliff-husband-2019
Ukraine and the Middle East: the West's stakes are rising: The Moscow-Beijing-Tehran axis is using the two current flashpoints in world politics to test its ...
faz.net/aktuell/politik/ausland/ukraine-und-nahost-der-einsatz-des-westens-steigt-19673814.html
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Ahead of Blinken Visit, China Condemns U.S. for Placing Missile Launchers in the Philippines
democracynow.org/2024/4/24/headlines/ahead_of_blinken_visit_china_condemns_us_for_placing_missile_launchers_in_the_philippines
Chinese, Cambodian martial artists present joint performance at famed Angkor: SIEM REAP: China's Shaolin Kung Fu martial artists and Cambodian Bokator ...
thestar.com.my/aseanplus/aseanplus-news/2024/04/24/chinese-cambodian-martial-artists-present-joint-performance-at-famed-angkor
Espionage for China: Are critics monitored in Germany?: The suspected spy in the office of AfD politician Krah is also said to have spied on critics of China ...
faz.net/aktuell/politik/inland/spionage-fuer-china-werden-kritker-in-deutschland-ueberwacht-19676570.html
Paid articlePaid
Supreme Court to examine mandatory minimum sentences for child pornography offences
montrealgazette.com/news/national/supreme-court-to-examine-mandatory-minimum-sentences-for-child-pornography-offences
Les Leyne: Aboriginal title for Haida Gwaii raises questions for private landowners
timescolonist.com/opinion/les-leyne-aboriginal-title-for-haida-gwaii-raises-questions-for-private-landowners-8643521
Quick Glance: What Lies Ahead for TikTok in the US?
- The US Senate has unanimously approved a bill that could potentially lead to the banning of TikTok within nine months, unless its Chinese owner, ByteDance, withdraws from the video-sharing app due to concerns about national security threats.
- President Joe Biden has confirmed his intention to sign the legislation on Wednesday.
- ByteDance acquired the well-known karaoke app Musical.ly and rebranded it as TikTok back in 2017. It has become one of the fastest-growing applications in the United States, boasting 150 million monthly subscribers.
Huawei retakes crown in China handset market as Apple sinks to fifth: TAIPEI/TOKYO -- Huawei has returned to the top of China's smartphone market after ...
asia.nikkei.com/Business/China-tech/Huawei-retakes-crown-in-China-handset-market-as-Apple-sinks-to-fifth2
Paid articlePaid Chinese President Xi to Visit Hungary on May 8-10, Minister Says: Chinese President Xi Jinping will visit Hungary from May 8 to 10 as part of a trip to Europe ...
bloomberg.com/news/articles/2024-04-25/chinese-president-xi-to-visit-hungary-on-may-8-10-minister-says
Agency bars Chinese telecom carriers from offering US broadband services: The Federal Communications Commission said on Thursday it is ordering the U.S ...
reuters.com/business/media-telecom/agency-bars-chinese-telecom-carriers-offering-us-broadband-services-2024-04-25/
Nothing off the table in US response to China overcapacity, Yellen says: The Biden administration is not taking any options off the table to respond to China's ...
reuters.com/world/nothing-off-table-us-response-china-overcapacity-yellen-says-2024-04-25/
More than 1 in 5 cars sold on Earth this year will be electric: 17 million electric vehicles will be sold in 2024, according to the International Energy Agency
qz.com/ev-electric-car-global-sales-growth-iea-report-1851434801
Quick Glance: New Global Record: Electric and Hybrid Car Sales Surge in 2024
- Electric and plug-in hybrid car sales will reach a new global record in 2024 despite slowing growth in some markets, according to forecasts from the International Energy Agency (IEA).
- The IEA predicted that 17 million battery electric vehicles and plug-in hybrid electric vehicles will be sold in 2024, up over 20% from 2023.
- The IEA also mentioned that most electric cars are expected to be priced equivalently to petrol cars by 2030 as prices decrease. Tesla recently reduced prices to maintain its market share against strong competition from Chinese rivals like BYD, the world's largest battery electric car producer.
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