QtrendsChina EV market faces headwinds as robotaxi race heats up
China's electric vehicle deliveries continued their downward trend in June, with about 1 million units sold — down 7 percent year on year — exacerbating concerns about the industry's health. Meanwhile, Nissan is entering Shanghai's Formula E race to promote its EVs in China and offering subsidies of up to $3,500 on new EVs, making them cheaper than used cars. The broader question emerging is whether China can replicate its EV success in the robotaxi sector.
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Walmart is lowering prices on summer BBQ items, and President Trump says the move came at his request. However, Walmart's official statement on the price cuts makes no mention of the administration's role. Trump has called Walmart 'patriotic' for reducing beef prices, a stark reversal from his previous criticism of the retail giant. The disagreement over who deserves credit highlights the political sensitivity of grocery prices heading into the election cycle.
Microsoft has laid off approximately 4,800 employees, with significant cuts across its Xbox division. The company plans to spin off four gaming studios as part of what it describes as a 'reset' and 'significant restructure' of its gaming operations. The layoffs affect multiple teams and mark another round of consolidation in the gaming industry after a series of high-profile acquisitions by Microsoft.