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Contrary to several media reports, Mercedes is not involved in the CATL plant in Hungary – but the German automaker will be the largest customer. In this way, the supply chains are to be diversified and localized. This is part of the Stuttgart company's e-offensive, for which Chinese partners continue to play a critical role. Meanwhile, CATL could face a shortage of skilled labor in Hungary.
By Christian Domke Seidel
In a leaked memo to his employees, Huawei founder Ren Zhengfei paints a deeply pessimistic picture of his company's prospects – and for the Chinese economy.
By Redaktion Table
