china

Faraday Future named former Jaguar Land Rover executive Xuefeng "Chris" Chen as the chief executive of its China division as the company prepares to enter the world's largest electric vehicle market and develop its binational market strategy.

With a new Chinese investor, Faraday is focused on developing its market in China, which is over triple the size of the U.S. market, according to a 2019 report by the International Energy Agency.

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First it was 90 days, then an additional 15, and then the forced TikTok sale faded from national consciousness as the presidential election altered the priorities of the country and the Trump administration. Now the Biden administration appears to be hitting the brakes. In court filings, government lawyers filed an uncontested motion to postpone the cases related to a potential ban of the popular social media app.

The request also suggests status reports at 60-day intervals, and states the administration plans to conduct its own evaluation of the matter.

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Tensions between the U.S. and China — the world's two largest economies — and the pandemic are making U.S. investors rethink supply chains once largely dependent on Asia.

That's one of the takeaways from a virtual panel hosted Thursday by the Asia Society Southern California and dot.LA on venture capital in Southern California and Asia.

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