Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Erste Group Plans Tender Offer to Boost Poland Bank Stake 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Tesla Semi Rollout Begins at Nevada Factory 
Oracle Shares Fall as New Mexico AI Data Center Faces Power Delays 
Trump, Xi Focus on Trade and AI at White House Summit 
Airbus Finds A321neo Fuselage Quality Issue 
Oura IPO Draws Strong Demand Ahead of $2.2 Billion Offering 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
FDA Approves Mirum’s Atebrioz for Rare Bone Disorder FOP 
Solidigm Eyes $150 Billion IPO as SK Hynix Expands AI Storage Push 
Suzuki Targets Faster Car Development to Keep Pace With Chinese Rivals 
SpaceXAI to Double Nvidia Chips at Colossus 2 by Year-End 
Add as a preferred source on Google
General Motors revealed early this week that it has widened its design studio in China. The American carmaker will be focusing on the development of electric cars as it will not design and produce vehicles that run on gas any longer.
GM’s future goal for its fleet
According to Reuters, General Motors expanded its design studio in China as it is preparing to stop the production of diesel vehicles. The biggest automaker in the United States is aiming to completely get rid of gas cars by the year 2035.
Moreover, GM would like to get a bigger share of the electric vehicles market in China, which currently has the biggest EV market in the world today. The company also wants to extend its business from software to services after its electric cars are sold.
Selling EV batteries is also part of the company’s goal, and most importantly, by 2025, General Motors would like to reach an annual sales target of more than one million units of electric vehicles in the U.S. and China. To achieve its goal, GM is investing $35 million.
GM’s new studio in China
General Motor’s new advanced design studio is said to be one of the three that exist in the world. In this facility, the company will be designing EVs for future generations. It was built by redesigning the existing studio located on the same site as its tech center in Shanghai.
The expanded Advanced Design Center in Shanghai is now double in size and boasts 5,000 square meters of work area. Currently, GM is also hiring a new design team and staff for the studio. It is looking to hire designers, digital modelers, virtual reality experts, physical modelers, and support staff.
“Innovation allows us to adopt the best solutions available in a quick and agile way. We believe we now have the right strategy and the right technologies,” GM Authority quoted Julian Blissett, General Motor’s executive vice president and president of GM China, as saying in a statement. “We also believe that with facilities like the new GM China Advanced Design Center and its growing team of professionals, we have the right organizations and people to bring the most desirable products to China’s consumers in the new era of electrification and connectivity,” he added.
