Li Auto has once again reduced prices on its electric vehicles in China, leading to a decline in its share prices. The automaker lowered prices by 18,000 to 30,000 yuan on its L7, Li L8, Li L9, and Li MEGA models. Customers who bought these models earlier in the year will receive cash refunds. This move comes amidst increasing competition in the Chinese electric vehicle market, where manufacturers are aggressively pricing their vehicles to attract customers.
The Fallout TV show has introduced a major revelation about the nuclear apocalypse, suggesting that Vault-Tec, not China, may have triggered the war. However, this theory has been met with skepticism, and there is evidence to suggest that China may still have been the first to attack.
Russia anticipates Chinese President Xi Jinping’s presence at the upcoming BRICS summit in Kazan, Russia. The summit will prioritize collaborations in politics, economics, culture, and humanitarianism. Notably, several nations have expressed interest in joining the BRICS grouping.
Tesla has implemented significant price reductions for its vehicles in the United States, China, and Germany. The company’s Model Y, Model X, and Model S vehicles have seen a $2,000 decrease in the US, while the price of Full Self-Driving software has been lowered from $12,000 to $8,000. Tesla has also reduced prices in China and Germany, with the Model 3 seeing a price cut of 14,000 yuan ($1,930) in China. This recent round of price cuts comes amid a decline in Tesla’s stock value, which has fallen to its lowest point in 15 months. Tesla’s stock may continue to face selling pressure due to an upcoming earnings report that is expected to show a decline in demand and a potential negative free cash flow quarter.
A former parliamentary researcher and another British man have been charged with spying for China by the Crown Prosecution Service. The two individuals, identified as Christopher Cash and Christopher Berry, will make their first appearance in court on April 26th.
In a catastrophic event described as a “once in a century” horror, southern China is facing widespread flooding that has claimed the lives of eleven people and left millions without homes. The city of Qingyuan in Guangdong Province has been severely impacted, with videos shared on social media showing torrents of water demolishing walls and bridges.
Three German citizens have been arrested on suspicion of spying for China and illegally exporting a special laser with potential military uses. The suspects allegedly acted for Chinese intelligence since before June 2022 and violated German export laws. One suspect allegedly acted as an agent for an employee of China’s Ministry of State Security, obtaining information on military technologies in Germany.
