GLP-1 Weight Loss Pills Set to Reshape Food and Fast-Food Industry in 2025 
Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling 
South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge 
Warner Bros. Discovery Shares Slide Amid Report of Potential Paramount Skydance Lawsuit 
RBA Signals Possible Interest Rate Hike in 2026 as Inflation Pressures Persist 
BOJ Minutes Reveal Growing Debate Over Interest Rate Hikes and Inflation Risks 
ByteDance Plans Massive AI Investment in 2026 to Close Gap With U.S. Tech Giants 
Russian Stocks End Lower as Energy and Mining Shares Weigh on MOEX Index 
BlackRock-Backed Global Ports Deal Faces Uncertainty Amid Cosco Demands 
China to Tighten Crude Steel Output Controls and Export Regulation Through 2030 
Japan Approves Record ¥122.3 Trillion Budget as Takaichi Seeks Fiscal Balance 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccine Portfolio 
Taiwan Stock Market Ends Higher as Semiconductor and Energy Shares Lead Gains 
FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement 
Oil Prices Hold Steady in Asia as Geopolitical Tensions Support Market 
Lebanon Cabinet Approves Financial Gap Law to Tackle Ongoing Economic Crisis 
Japan Plans $189 Billion Bond Issuance as Record Budget Signals Expansionary Fiscal Policy 
General Motors revealed early this week that it has widened its design studio in China. The American carmaker will be focusing on the development of electric cars as it will not design and produce vehicles that run on gas any longer.
GM’s future goal for its fleet
According to Reuters, General Motors expanded its design studio in China as it is preparing to stop the production of diesel vehicles. The biggest automaker in the United States is aiming to completely get rid of gas cars by the year 2035.
Moreover, GM would like to get a bigger share of the electric vehicles market in China, which currently has the biggest EV market in the world today. The company also wants to extend its business from software to services after its electric cars are sold.
Selling EV batteries is also part of the company’s goal, and most importantly, by 2025, General Motors would like to reach an annual sales target of more than one million units of electric vehicles in the U.S. and China. To achieve its goal, GM is investing $35 million.
GM’s new studio in China
General Motor’s new advanced design studio is said to be one of the three that exist in the world. In this facility, the company will be designing EVs for future generations. It was built by redesigning the existing studio located on the same site as its tech center in Shanghai.
The expanded Advanced Design Center in Shanghai is now double in size and boasts 5,000 square meters of work area. Currently, GM is also hiring a new design team and staff for the studio. It is looking to hire designers, digital modelers, virtual reality experts, physical modelers, and support staff.
“Innovation allows us to adopt the best solutions available in a quick and agile way. We believe we now have the right strategy and the right technologies,” GM Authority quoted Julian Blissett, General Motor’s executive vice president and president of GM China, as saying in a statement. “We also believe that with facilities like the new GM China Advanced Design Center and its growing team of professionals, we have the right organizations and people to bring the most desirable products to China’s consumers in the new era of electrification and connectivity,” he added.
