China warns EV makers to stop price-cutting to protect the economy

Overcapacity and oversupply are causing ‘involution’ and putting growth at risk, manufacturers toldChina is urging its electric vehicle industry to stop cutting prices and rein in production amid fears that persistent deflation is imperilling economic growth.In recent months Chinese officials have talked repeatedly of the need to combat “involution” in sectors suffering from overcapacity, such as EVs, referring to the phenomenon of investing more effort and money for diminishing returns. Continue reading...

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US government proposes easing some restrictions on drones traveling long distances

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