XPeng Inks Cooperation Agreement for New Smart EV Manufacturing Base in Wuhan
City of Wuhan supports XPeng to build a Smart EV manufacturing facilityNew facility has an annual capacity of 100,000 units with manufacturing and powertrain plantsCompany in pole position to accelerate auto sector’s EV penetration in China. XPeng Inc. , a leading Chinese smart electric vehicle company, today entered into a cooperation agreement with the City of Wuhan to build a new XPeng Motors Wuhan Smart EV Manufacturing Base.With an annual capacity by 100,000 units, the Company is well posi
Who would have imagined Ever Given, a cargo ship the size of NY Empire State Buildingwould have caused a complete paralyse of the Suez Canal where 12% of the world tradedepends on. This further disrupt the supply chain, which has seen major disruptions due to the pandemic and lockdowns.
Suez Canal blockage is delaying an estimated $400 million an hour in goods
KEY POINTS
Lloyd’s List calculates blockage is costing $400 million an hour.
Lloyd’s values the can