The Chinese economy shrank in the first quarter, its first contraction of the modern era, but now has resumed its surging ways. Prosperous families play a disproportionate role in the Chinese economy as a result. The show has also showcased China’s transformation from a technological laggard to the world’s largest market for electric cars, which customers have been snapping up in recent months. NIO announced an upgrade to the self-driving software on its electric cars to allow them to merge with highway traffic and exit by themselves. Polestar, a joint venture of Volvo Cars and its Chinese parent, Zhejiang Geely, announced plans for mass manufacture of electric cars next year in Chengdu, China.

Source: bd News24 September 28, 2020 06:56 UTC