From Tesla heading south of the border to the internet's new daddy – Here's your March 2 news briefing
Kinks in the global supply chain and tensions between the US and China have a lot of American firms looking elsewhere for manufacturing.
Manufacturing
Tesla goes south of the border with a new Monterrey plant
Kinks in the global supply chain and tensions between the US and China have a lot of American firms looking elsewhere for manufacturing.
Samsung makes a comeback in India with local manufacturing
The tech scene in India is buzzing with activity.
Tesla launches new factory with “Cyber Rodeo” in Texas
Tesla is holding a big party deep in the heart of Texas to celebrate the opening of a new US$1.1 billion production plant that will help the company produce cars and batteries that are really important for its growth plan.
The party – dubbed the “Cyber Rodeo” – is supposed
Indian government wants Tesla to buy US$500 million of local car parts
The backstory:
* Several foreign carmakers, like Ford Motor Company, have exited the Indian market over the past five years. It’s reported that all the different government regulations, fees and processes, along with relatively minimal industrial infrastructure, meant that it wasn’t as simple as just moving in and setting
America needs China in its battle to halt the COVID-19 pandemic
As the coronavirus spread more widely, the world began competing for a limited supply of resources, highlighting critical flaws in US manufacturing.
China has long served as the world’s manufacturing hub but the COVID-19 pandemic has only laid bare the United States’ intense reliance on China, as the US
China’s evolving economy, explained
Reports indicate that Beijing believes it is time for China to transition from being the world’s manufacturing hub to being a normal advanced economy – albeit a massive one.
The era of explosive Chinese growth is over. This is not the opinion of external analysts who spend their time forecasting