Walmart's Big Bet: $2.3 Billion Deal to Acquire Vizio Signals Shift in Retail Strategy 2024.02.21 Walmart has finally acquired TV manufacturer Vizio. Walmart announced on the 20th (local time) that they agreed to acquire TV manufacturer Vizio for $2.3 billion. This indicates Walmart’s high expectations for future advertising revenue. Walmart stated that through this transaction, they can not only sell advertisements through Vizio’s TVs but also gain more opportunities to […]

Microsoft's $2.1 Billion Investment Spurs AI Growth in Spain 2024.02.21 Microsoft, a giant software company in the United States, is investing in Spain for AI expansion following Germany. Bradford L. Smith, Vice Chairman and President of Microsoft, posted on social media on the 19th (local time) that they are investing $2.1 billion to expand AI and cloud infrastructure in Spain. Microsoft’s investment in Spain comes […]

Global Investors Flee China: Germany Shifts Focus to U.S. Amid Economic Concerns 2024.02.21 China's slowing economy and conflict with the United States are accelerating the "flight to China" of foreign investors, with German investment in China declining and US investment increasing. FDI is also falling, and stock market outflows are accelerating...

Chinese Battery Domination Defies U.S. Inflation Reduction Act 2024.02.21 The U.S. Inflation Reduction Act (IRA), which does not subsidize electric vehicles with Chinese batteries, has been ineffective. Chinese batteries have dominated the market in the U.S. and other parts of the world. To get subsidized, domestic battery companies have to go to North America or the U.S...

U.S. Allies Gear Up Against China's Trade Offensive in Electric Vehicles 2024.02.21 US expresses concern over China's dumping attempts. Respond with allies and build a public 'battery united front'. Opportunities for Korean companies. Strategies to combat Chinese overcapacity and low processing taxes. U.S., EU pressure China's EV industry. China's overcapacity could hurt global markets...

Xiaopeng Guns for BYD Throne with 40% Boost in Investment 2024.02.21 Chinese electric car startup Xiaofeng is aiming to take the lead in the industry by hiring more developers and increasing its R&D budget this year. It will focus on autonomous driving technology, launching new models and expanding overseas markets. The company is aiming to become the market leader in the competition with Villardi.

Thinking of Buying a Used Tesla? Here's Why You Might Regret It 2024.02.21 Is it different for used vehicles?Should consider this before purchasing Tesla, which has driven innovative changes in the electric vehicle market by recording high sales worldwide, is also very popular in South Korea. Many people are looking for used vehicles due to high new vehicle prices and waiting periods for delivery, but if people buy […]

Korean Won, Chinese Yuan Set to Gain as US Interest Rates Expected to Drop 2024.02.21 The South Korean won, Chinese yuan and Indian rupee are expected to strengthen this year as the U.S. cuts its benchmark interest rate...

Adobe (ADBE) Faces Tough Competition as OpenAI's Sora Enters Video AI Market 2024.02.20 According to an analysis, Adobe (ADBE), a company that sells software for creating and editing content such as graphics, text, and video, faces concerns about intensifying competition after the unveiling of Open AI’s video AI Sora. Adobe’s stock price fell 7.4% on the 16th (local time). This is interpreted as a result of heightened competition […]

Investors Eye 'Sora': OpenAI's Breakthrough Technology Ignites Stock Market 2024.02.20 The era of true multimodal AI has begun The importance of multimodal AI is increasingly recognized in the global artificial intelligence (AI) market. Open AI / Ascannio-shutterstock.com Global AI companies like OpenAI and Google are accelerating their competition to secure multimodal AI technology that can comprehensively analyze and understand complex data such as images, […]

Chinese Electric Car Maker HiPhi Faces Financial Crunch, Delays Salaries 2024.02.20 HiPhi, Which Once Outperformed Tesla in a Range TestStruggles Amid Overheated Competition in the Chinese Electric Car Market The Chinese electric vehicle brand HiPhi, which made headlines in Korea for its distinctive design and performance reminiscent of a transforming robot, is reportedly facing a forced pay cut and a six-month production halt due to financial […]

China's BYD Aims for Luxury Electric Car Market Domination, Eyes Tesla 2024.02.20 Plans to Launch Various Luxury Models This YearPursuing Brand Value EnhancementDomestic Slowdown Leads to Overseas Strategy, Targeting 400,000 ExportsGlobal Competitors on Edge: “Demise without Trade Barriers” Following its achievement as the world’s top seller of electric cars last year, China’s BYD is setting its sights on the luxury car market this year. According to Bloomberg […]

BYD Launches Qin Plus EV Honor Edition: Electric Cars Now Cheaper Than Gasoline 2024.02.20 On February 19, 2024, China’s BYD launched the new Qin Plus EV Honor Edition model. At the same time, BYD emphasized that through the launch of this new model, electric vehicles are officially opening a new era with lower prices than gasoline vehicles. BYD is well known for its low-cost electric cars, such as the […]

Apple Set to Release Foldable Phone in September 2026, Expects 5 Million Units Sold 2024.02.20 [AlphaEconomy=Jee Sun Kim, Correspondent] Apple has finalized the timing of its foldable phone sales.Apple has also confirmed that it has reorganized its workforce to develop the foldable phone...

Goldman Sachs Predicts S&P 500 to Hit 5200 by Year-End 2024.02.20 Amid the U.S. stock market continuously breaking records this year, investment bank Goldman Sachs has raised its year-end forecast for the Standard & Poor’s (S&P) 500 index. According to Bloomberg, on the 19th (all local time), Goldman Sachs revised its year-end S&P 500 forecast from the previous 5100 to 5200. This is a 3.9% increase […]

Samsung's Foldable Panel Receives U.S. Military Certification for Durability Standards 2024.02.20 Proven Durability From Freezing, Temperature Fluctuations, Falls, and Acceleration Samsung Display’s foldable panel has received “military spec” certification from the U.S. Department of Defense’s durability standard test. Samsung Display is the first to receive the certification for its foldable panel. Samsung Display announced on the 19th that its 7-inch foldable panel, used in the latest […]

Aptera Motors Reveals Electric Vehicle with Record-Breaking 994-Mile Range on Single Charge 2024.02.20 Electric Vehicle Startup Aptera’s EVDrives 994 miles (1,600 km) on a Single ChargeCurrently Nearing the Mass Production stage The concept of mobility, a term encompassing all means of transportation, is gradually evolving. Ten years ago, in 2014, when the BMW i8 was released, not many people thought electric cars would be as widely adopted as […]

China Leads Global New Energy Vehicle Market with Two-Thirds Sales Share 2024.02.20 China's sales of new energy passenger vehicles accounted for nearly two-thirds of the world's total last year, according to industry data. China's new energy vehicle sales accounted for two-thirds of the world's total in 2023, according to the China Passenger Vehicle Association...

Volkswagen Announces $1 Billion Investment in Mexico for EV Business Expansion 2024.02.19 The Volkswagen Group is making a split investment in its Mexican plant complex. The Mexican division of the Volkswagen Group announced on the 17th (local time) that it will invest about $1 billion in a second split investment to activate its electric vehicle (EV) business at its existing business site in central Mexico. The investment […]

Apple Faces Record 500 Million Euros Fine from EU for Antitrust Violations 2024.02.19 The European Union (EU) is reported to plan to impose its first fine on Apple for alleged violation of antitrust laws./Reuters Yonhap News The European Union (EU) plans to impose a fine of 500 Million Euros on Apple for alleged antitrust violations. With the full implementation of the Digital Markets Act (DMA) next month, conflicts […]

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