China’s EV makers target drivers who can’t afford a Tesla

China buys more electric vehicles than any other country, and most sales occur in big cities such as Beijing and Shanghai. EV buyers there can afford to spend 300,000 yuan ($43,000) on a sedan like the Tesla Model 3. Fang Yunzhou, chairman of one of Tesla Inc.’s local rivals, has a different customer in mind: a consumer who lives in a less affluent small city or even a farmer in the countryside. “Our goal is to provide a real product affordable for the whole market, rather than a rich kid’s…

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With $4 billion Chinese investment, desi start-ups wary of FDI-policy tweak

BENGALURU/NEW DELHI: Start-ups are wary of the government move to change the FDI policy in an attempt to restrict investment from China. The move could lead to a further slowdown of FDI investments in an already tough year coming through private equity and venture capital funds, especially in India’s startups, investors told TOI. Chinese investments in India’s startup ecosystem were also reported to have risen to $3.9 billion in 2019, up from around $2 billion in the previous year. A majority of India’s most valued internet companies — Flipkart, Paytm,…

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Dia Mirza Shares Her COVID-19 Concerns as UN Missionary

Actress-producer Dia Mirza has expressed concern over the COVID-19 outbreak. Along with several other celebrities and entrepreneurs who are advocates and alumni of United Nations (UN) Secretary-General’s Sustainable Development Goals (SDG), she hopes that aid reaches the remotest corners of the world. In a statement issued on April 3, Dia, and other SDG advocates like Jack Ma (founder of Alibaba Group), have said that they stand in solidarity with those affected. The statement calls for urgent global action to protect and support vulnerable countries in “Africa, the Middle East, South…

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