Lucid Motors, the California-based electric vehicle company, has secured an impressive $1 billion in funding as it gears up for the launch of its highly anticipated Gravity electric SUV.
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Investment in China
Cook emphasized Apple’s commitment to investing in China, citing the country’s strong economy and growing consumer base as key factors. He announced plans to open new Apple stores across China and increase production of Apple products in the country.
In a surprising turn of events, the state of Texas recently announced its decision to withdraw $8.5 billion in investments from BlackRock, one of the world’s largest asset management firms. This move has sparked controversy and raised questions about the state’s investment strategy.
Investors in Japan have a longstanding reputation for maintaining a significant portion of their portfolio overseas. This trend shows no signs of changing, despite recent shifts in global economic policies.
Treasury Secretary Steven Mnuchin has expressed interest in the potential acquisition of TikTok, the popular social media app owned by Chinese company ByteDance. Mnuchin sees the app as a valuable asset in the ongoing trade tensions between the US and China.
Fisker Inc., the electric vehicle company, saw a surge in its stock price today following reports of a potential investment from Nissan Motors. This news comes after a recent drop in Fisker’s stock value due to concerns about production delays.
China has just reported its lowest level of foreign direct investment since 1993, signaling a slowdown in investment from overseas businesses. The country received only $103 billion in foreign direct investment in 2020, a drop of 4% from the previous year.
Microsoft has announced plans to significantly expand its artificial intelligence infrastructure in Spain with a $2.1 billion investment. This move is part of the tech giant’s continued commitment to advancing AI technologies and driving innovation in the region.
