XPeng Inks Cooperation Agreement for New Smart EV Manufacturing Base in Wuhan
City of Wuhan supports XPeng to build a Smart EV manufacturing facilityNew facility has an annual capacity of 100,000 units with manufacturing and powertrain plantsCompany in pole position to accelerate auto sector’s EV penetration in China. XPeng Inc. , a leading Chinese smart electric vehicle company, today entered into a cooperation agreement with the City of Wuhan to build a new XPeng Motors Wuhan Smart EV Manufacturing Base.With an annual capacity by 100,000 units, the Company is well posi
7 Hot Stocks To Buy for an Explosion in Consumerism
The U.S. economy is expected to boom in Q2, with these hot stocks benefiting as consumers open their wallets.The coronavirus pandemic had a chilling effect on the economy in 2020. Millions of Americans were out of work, stores were physically shut down and there was a growing list of retail bankruptcies. Last June, the World Bank predicted Covid-19 would gut the global economy, triggering the “worst recession since World War II.”Economists are far more optimistic these days. With vaccines making
Who would have imagined Ever Given, a cargo ship the size of NY Empire State Buildingwould have caused a complete paralyse of the Suez Canal where 12% of the world tradedepends on. This further disrupt the supply chain, which has seen major disruptions due to the pandemic and lockdowns.
Suez Canal blockage is delaying an estimated $400 million an hour in goods
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Lloyd’s List calculates blockage is costing $400 million an hour.
Lloyd’s values the can