At the moment, deliveries for this year are likely to be less than last year. A challenging environment, the ev market globally is slowing and lots more competition is rising particularly in china which can make Electric Vehicles at low cost. Talk to me about Electric Vehicles at low cost. Talk to me about that Electric Vehicles at low cost. Talk to me about that competition, if people are thinking of making a switch, given the cost of living crisis, they might think they cant afford tesla, they should go for a cheaper chinese one, is that hurting the bottom line . We cheaper chinese one, is that hurting the bottom line . The bottom line . We are seeing a wave of chinese the bottom line . We are seeing a wave of chinese cars the bottom line . We are seeing a wave of chinese cars in the bottom line . We are seeing a wave of chinese cars in europe, l the bottom line . We are seeing a l wave of chinese cars in europe, the ports are full of chinese Electric Vehicles. They are not only chea
Divest its part in its company or it will be banned. So what were looking at now, this is the breakdown. We have the owners, bytedance with a 20 stake in the company. 60 is owned by Institutional Investors including Us Investment firms such as susquehanna and Sequoia Capital and 20 is owned by employees around the world. However, chinas, Secretary Has said they will oppose the sale of bytedance and seek to block a transfer of its technology. We heard from bytedance, from tiktok, rather, who said the media app ban would trample freedom of speech. Media app ban would trample freedom of speech. Thank you for getting freedom of speech. Thank you for getting us freedom of speech. Thank you for getting us across freedom of speech. Thank you for getting us across that, for getting us across that, monica. We will be watching developments in the middle east very closely after last fridays strike on a raft iran. Us officials have claimed israel was behind the Missile Attack on military targets i
On china amid a worsening Trade War with the us. The General Manager says the move to mexico makes economic and logistical sense. They already employ a50 people and have ambitious plans to expand. We hope, to triple or even quadruple production, he says. The intention here in mexico is to bring our Production Levels up to that of our factories in vietnam. Whether its furniture, T Shirts or car parts, the proximity to the us and the skilled Labor Force here makes mexico an attractive prospect to chinese companies. And as more chinese firms reach that same conclusion and set up factories here. Its been an important shot in the arm to the mexican economy, particularly post the covid pandemic. The Sofa Factory is located inside a Chinese Mexico Industrial Park in the city of monterrey. Demand for plots is sky high, with every available
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Massive Fire Erupts at Sofa Factory in Delhi's Mayapuri Industrial Area, Latest News A fire broke out in West Delhi's Mayapuri in which 9 people were injured