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Federal Reserves Kashkari: Some of the inflationary effects driven by tariffs will be delayed, but there will be some impact.Japans unemployment rate for May will be released in ten minutes.Feds Kashkari: Inflation is above 2% and must be restored to the 2% target.Feds Kashkari: The job market is still good and has not taken a sharp turn for the worse. We need to take a cautious approach until we understand the inflation associated with tariffs.On June 27, the Party Group of the National Development and Reform Commission published an article in the Study Times, pointing out that it is necessary to accelerate the construction of a modern industrial system. Promote the integrated development of scientific and technological innovation and industrial innovation. Accelerate the cultivation and development of new quality productivity, transform and upgrade traditional industries, cultivate and strengthen emerging industries and future industries, and carry out the "artificial intelligence +" action in depth. Make innovative enterprises stronger, better and bigger. Establish a national venture capital guidance fund, focus on cutting-edge fields such as artificial intelligence, quantum technology, and hydrogen energy storage, invest in seed-stage and start-up companies, appropriately take into account early and mid-stage small and medium-sized enterprises, and smooth the market-oriented management and exit mechanism of funds. Increase efforts to break the "involutionary" competition. Coordinate the role of the markets "invisible hand" and the governments "visible hand", promote mergers and reorganizations in a market-oriented manner, accelerate the elimination of inefficient and backward production capacity, increase high-end production capacity and high-quality supply, and coordinate the use of planning, layout, price and other means to guide the standardized development of the industry.

By 2023, Geely's Zeekr EV Brand Intends to Triple Sales And Expand in Europe

Charlie Brooks

Jan 06, 2023 11:37

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The CEO of Chinese electric vehicle manufacturer Zeekr, Andy An, told Reuters on Thursday that the company aims to triple sales to about 140,000 vehicles in 2023 and expand into Europe.


Zeekr, a brand created by the Chinese carmaker Geely, sold 72,000 automobiles in China in 2022. Its 001 model, priced at about 300,000 yuan ($43,600), competes on the increasingly competitive Chinese market with Tesla (NASDAQ:TSLA) Inc's Model Y crossover and other premium automobiles.


In response to rising competition from Chinese manufacturers like as Zeekr, Tesla has decreased pricing and output in China. In December, Tesla sales fell to their lowest point in the past five months.


This month, manufacture of the Zeekr 009 model will commence.


In an interview at the annual technology show CES 2023 in Las Vegas, An noted that Europe was a growth region for Zeekr. Later this year, Zeekr plans to begin selling vehicles equipped with Mobileye's driver assistance technologies.


Geely, the parent company of Zeekr, maintains a controlling ownership in Volvo Car AB, which serves as its European base.


Zeekr and Waymo, the robotaxi branch of Alphabet (NASDAQ:GOOGL), showed a ride service vehicle prototype at CES.


According to An, Zeekr intends to build vehicles for Waymo in China, but U.S. production is conceivable "depending on market conditions."


According to an official, Zeekr has no ambitions to enter the U.S. consumer market.


Last month, Zeekr filed for an initial public offering in the United States without disclosing the deal's size or timeline. Reuters had reported that Zeekr's IPO objective was to raise over $1 billion and be valued at over $10 billion.

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