Global EV Sales Are On The Rise, Including Major Purchases as Industry Evolves

This month, we’re seeing the rapid emergence and growth of the electric vehicle industry. One of the most prominent companies in this space is set to expand its offerings by launching an EV subscription service that will allow its members to get a variety of models from different manufacturers. China’s electric vehicle sales are expected to reach 6 million in 2022 New estimates show that China’s electric vehicle sales are expected to grow significantly faster than previously expected. Passenger Car Association of China projects that sales of electric cars will reach 6 million this year, up from the previous estimate of 5.5 million. The ChineseRead More →

Key Technology & Companies Powering the Metaverse

The internet was first introduced during the 1960s as part of a US Department of Defense project known as ARPANET. It then went global in 2019 and ended up with around 4.3 billion addresses. The project, which was initially based in California, was eventually taken over by a global system. The rise of the internet has resulted in a huge increase in retail sales over the past two decades. From $27.6 billion in 2000 to $880 billion in 2021, the internet has created a trillion dollar market cap. Every company in the US with a market cap over $1 trillion is tied to the internet,Read More →

Weekly Preview: Earnings to Watch This Week (BIDU, COIN, DIS, NIO)

A better-than-expected jobs report was not enough to excite the market on Friday. The three major averages ended the day mixed, with the S&P 500 posting a gain of 0.13 percent, the Nasdaq Composite Index gaining 0.08 percent, and the Dow Jones Industrial Average falling by 0.08 percent. The US Department of Labor reported that the country’s economy added 528,000 jobs in July, which exceeded analyst expectations. In addition, the number of jobs created in June also exceeded the previous month’s. The US’ unemployment rate fell to 3.5%, which is its lowest level since the Great Depression. It was also lower than the 3.6% thatRead More →

Baidu Approval

Baidu said it received approval from Chinese cities to provide its ride-hailing service, which is mainly operated without a safety or driver in the vehicle. The company noted that it would charge passengers for its service in the cities of Shenyang and Wuhan. The company, which is the first Chinese firm to get this type of permit, said it would operate its service in Wuhan and Changchun from 9 a.m. to 5 p.m. It would also operate in a 30 square-kilometer area in the city of Chongqing. Baidu’s vice president for intelligence driving said that the company’s decision to launch its ride-hailing service in theseRead More →