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Added on the 06/06/2019 11:26:40 - Copyright : Wochit
The head of the International Energy Agency urges the United States and China to put aside their 'tensions' and align on climate change, warning in an interview that geopolitical fractures risked holding back the clean energy transition. Speaking at the African Climate Summit in Nairobi, Fatih Birol told AFP that these international rifts, partly stoked by Russia’s invasion of Ukraine, are “becoming more and more pronounced”. SOUNDBITE
Images of Tesla chief executive Elon Musk taking his private jet to leave for Shanghai after the Beijing visit during which he has met multiple Chinese government officials. IMAGES
On Monday, Tesla's stock hit a record high. The increase comes amid a report from Reuters that Tesla gained approval from China to sell its Model Y SUV in the country. Tesla has built up its manufacturing capabilities in Shanghai to produce the Model Y SUV. The company already sells its Model 3 in the country. Business Insider reports the company sold 13,000 vehicles in the country last month.
Tesla’s issues with faulty production and inconsistent quality extend outside the U.S. market: As first reported by Bloomberg, the automaker is set to recall close to 30,000 of its imported Model S and Model X cars from China, citing problems surrounding the vehicle’s suspension systems. Per a statement from China’s State Administration for Market Regulation—a relatively new and broadly empowered agency with functions similar to the SEC, CFTC, FDA, and USPTO in the United States—Tesla’s Beijing branch issued recalls for 29,193 Model X or Model S cars made between September 17th, 2013 and January 15th, 2018. The vehicles built during that roughly four-and-a-half year window may have rolled off the factory line with major suspension defects.
Tesla has been experiencing supply chain issues due to the coronavirus.
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