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VinFast Auto (VFS) Quietly Pumps the Brakes on Its India Manufacturing Plans
Fatima Gulzar 4 min read Trade VFS on Coinbase VinFast Auto Ltd. (NASDAQ:VFS) has suspended plans to manufacture three electric vehicles in India and told suppliers to "hold all activities" on those programs while it reassesses costs, according to two sources and a company memo reviewed by Reuters. The paused...
Another Chinese EV myth busted as GAC, Geely, and Leapmotor ace Euro NCAP
Somewhere, a guy in Pit Vipers is recording a Facebook video from the front seat of his pickup claiming that Chinese EVs aren’t just inferior to American V8 iron – they’re unsafe, too. Unfortunately for him, the latest EVs from GAC, Geely, and Leapmotor just aced the brutally demanding Euro...
Symtomax cannabis scam, exposed by OffshoreAlert in 2020, goes into liquidation in Portugal
By 7 hours ago Six years after OffshoreAlert exposed Symtomax’s €12 million bond offering as a fraud, the cannabis group’s Portuguese operating entity has been petitioned into liquidation without ever producing any product. Separately, one of its shareholders and officers, Carla Maia, was sentenced to six-and-a-half years in prison last...
China’s hypercompetition goes global as Beijing frets over backlash
At its headquarters in the eastern Chinese city of Wuxi, Autolink is locked in a relentless race to be the top producer of components that power artificial intelligence in electric vehicles. On the fourth floor, machines mount thousands of parts onto circuit boards. The company has increased production lines for...
Man Drives Tesla. Then He Gets A Letter Demanding $500 Because He Doesn’t Pay Gas Tax: ‘INSANE’
A Tesla driver says he opened what he thought was routine vehicle registration mail from Pennsylvania and found a $250 bill instead. Archie (@__archie), who lives in Pennsylvania, says he received a letter from the state Department of Transportation that he initially assumed contained an updated registration card. Then he...
Customs seizes $1.3m cannabis buds, poisons at HK airport, mainland man arrested
Hong Kong Customs arrested a 38-year-old mainland man at Hong Kong International Airport on Saturday after seizing about 6 kilogrammes of suspected cannabis buds and two boxes of products containing suspected Part I poisons in his carry-on baggage. The man had arrived from Bangkok and was taken into custody. He...


