From declined car deliveries to a supply shortfall in costlier smartphones, businesses across Asia are facing the brunt of an unprecedented shortage and high demand for semiconductor microchips.
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Kuaishou, Chinese short video, and live-streaming app, brought electric vehicles to its e-commerce platform in March 2021, teaming up with SGMW and GM China. This is Kuaishou's first attempt at selling a vehicle through live shopping.
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SOHU reported that 222,855 Chinese EVs were exported overseas in 2020, of which 72,677 were exported to Europe, an increase of 211% year-on-year. Many Chinese EV makers are eyeing the European market. Europe is buying electric vehicles at a record pace and it is the world’s biggest EV market, as consumers are encouraged by government subsidies and dozens of new hybrids.
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