News & Insights Across Asia
Tesla plans to lay off over 10% of its global workforce amid declining sales, impacting approximately 14,000 employees. CEO Elon Musk aims to reduce costs and boost productivity as the company prepares for future growth.
Tesla and BYD are leading the global surge in electric vehicle sales in 2023, with experts highlighting the significant contribution of Chinese EV manufacturers like GAC.
Since its establishment, the Shanghai Free Trade Zone has become a model of success in China’s reform and opening-up, attracting global businesses and pioneering financial innovation.