Investing.com -- Chinese automaker Changan plans to build a factory in Europe to support its future sales on the continent, a company executive said on Wednesday.
"We’re committed to being in Europe, making in Europe for Europe," said Nic Thomas, Changan’s European head of marketing, sales and service, during a test drive of the automaker’s electric Deepal S07 SUV at an event outside London. "We’re working on local manufacturing solutions here."
Thomas indicated that... (continue reading...)
Investing.com -- OpenAI stated Wednesday it has not formed a partnership with Robinhood (NASDAQ: HOOD) regarding the stock tokens that the trading platform introduced earlier this week.
Robinhood launched tokens on Monday that would give its customers in the European Union exposure to OpenAI and SpaceX.
In a post on X, OpenAI clarified: "These ’OpenAI tokens’ are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it. Any... (continue reading...)
(Reuters) -OpenAI said on Wednesday it had not partnered with Robinhood for the stock tokens the trading platform unveiled earlier this week.
On Monday, Robinhood said it would grant 5 euros worth of OpenAI and SpaceX tokens to eligible users in the EU who register to trade stock tokens by July 7.
But in a post on X, OpenAI said it did not endorse the tokens and was not involved in the offering.
In response, a Robinhood... (continue reading...)
(Reuters) -Electric automaker Lucid on Wednesday reported a 38% rise in second-quarter deliveries, which, however, missed Wall Street expectations amid economic uncertainty.
Demand for Lucid's pricier luxury EVs have been softer as consumers, pressured by high interest rates, shift towards cheaper hybrid and gasoline-powered cars.
Lucid delivered 3,309 vehicles in the quarter ended June 30, compared with estimates of 3,611 vehicles,... (continue reading...)
By Juveria Tabassum
(Reuters) -Shares of Nike and other apparel makers rose on Wednesday after U.S. President Donald Trump said he had struck a trade deal with Vietnam that would impose a lower than initially expected tariff rate on many imports from the Southeast Asian country.
After months of negotiations, Trump's trade deal with Vietnam includes a 20% tariff on imports from Vietnam, lower than an initial 46% rate he had announced in... (continue reading...)
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