Federal Judge Clears Way for Jury Trial in Elon Musk’s Fraud Lawsuit Against OpenAI and Microsoft 
Micron to Buy Powerchip Fab for $1.8 Billion, Shares Surge Nearly 10% 
Anthropic Appoints Former Microsoft Executive Irina Ghose to Lead India Expansion 
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition 
Walmart International CEO Kathryn McLay to Step Down After Two and a Half Years 
BYD Shares Rise in Hong Kong on Reports of Battery Supply Talks With Ford 
Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling 
xAI Restricts Grok Image Editing After Sexualized AI Images Trigger Global Scrutiny 
TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings 
California Attorney General Orders xAI to Halt Illegal Grok Deepfake Imagery 
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales 
One Percent Rule Checklist For Safer Forex Trading Risk 
China Considers New Rules to Limit Purchases of Foreign AI Chips Amid Growing Demand 
Sanofi Gains China Approval for Myqorzo and Redemplo, Strengthening Rare Disease Portfolio 
Syrah Resources and Tesla Extend Deadline on Graphite Supply Dispute to March 
Great Wall Motors will spend $542.26 million to upgrade its Russian plant under a special investment contract with the Russian Ministry of Industry and Trade.
The contract is designed to stimulate large companies to increase their investment in Russia, offering tax incentives and eligibility for state procurement.
The plant, located in the city Tula, 200 kilometers south of Moscow, will be improved in terms of its capabilities in localized production of core components, such as engines, transmissions, and vehicle control systems.
According to Denis Manturov, Russian minister of industry and trade, a higher level of localization will help increase Great Wall Motors' competitiveness in the Russian market.
Great Wall's sales in Russia in the first eight months grew 85 percent from last year.
The Tula plant, with an investment of $500 million, started production in June 2019 of several models, including the Haval F7 and the Haval H9.
The carmaker's local employees account for 70 to 80 percent of the company's overseas business.
Great Wall already has subsidiaries in Australia and South Africa and is planning to establish agencies in South America and the Middle East.
The company aims to sell 70,000 vehicles overseas this year, accounting for around 7 percent of total sales.
