Would be interested to get an update from the company re the changes to the car industry unfolding as detailed below. Just to keep investors in the loop re unfolding developments and how the CXZ technologies will dovetail with such events.
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Chinese companies dominate the world’s production of electric motors and have control of much of the world production of key raw materials needed for electric cars, including lithium, cobalt and rare earth metals. How G.M. will shift its industrial capacity isn’t entirely clear, and the company didn’t mention China in its announcement last weekOther players: Daimler and Toyota have jumped into joint electric-car ventures with Chinese manufacturers. Ford Motor’s new all-electric Mustang Mach-E will be made in China as well as Mexico. So far, no Chinese company has produced an electric car that can rival Tesla in capturing the world’s imagination, although one, NIO, is trying.
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