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According to Japans Kyodo News, Japans Defense Minister and Foreign Minister will attend next weeks NATO summit.Russia claims that a drone attack struck an oil terminal in St. Petersburg.The General Staff of Ukraine denies that Russian troops have occupied Kostyandinka in eastern Ukraine.On July 4th, French Health Minister Stéphane Rister stated in an interview with France 1 television on July 3rd that she supports a lifetime ban on the sale of tobacco products to those born in 2009 and later. The French National Health Insurance Fund released its annual report on July 2nd, indicating that France has one of the highest smoking rates in Europe and needs a systematic anti-smoking policy to improve public health and reduce long-term public health expenditures. The report called for a ban on the sale of tobacco products to those born in 2009 and later, creating a smoke-free generation. Rister stated on July 3rd that she "personally strongly supports" the anti-smoking recommendations made by the National Health Insurance Fund in its annual report. Rister also emphasized that her personal stance does not equate to government decisions, and the government will discuss with "all stakeholders" before making a decision.July 4th - Micron Technology officially launched the expansion project of its western Japan factory, with a total investment of 1.5 trillion yen, for the production of advanced memory chips. This expansion is part of its global capacity expansion plan aimed at meeting the needs of the artificial intelligence industry; the Japanese government will provide subsidies of up to 500 billion yen to share the construction costs. This factory expansion will help Micron improve the energy efficiency and data transmission efficiency of chips required for artificial intelligence services and autonomous vehicles. The expanded production line is expected to be operational and shipping around the summer of 2028.

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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