He said the product would be a trial run for the latest technologies and business models of Volvo Cars. Polestar's CEO said the first batch of 500 cars were being built for customers who embraced new technologies, appreciated the cutting-edge design and were passionate about driving a car offering heightened road performance.
He warned locals against fuel theft, noting that "besides being unlawful, it puts your life and that of the families at risk."
He said the industry is being redrawn by digitalization and global socio-economic shifts. The company has invested in the long-term, including innovating play, innovating the retail ecosystem and investing in new market entries.
He told the budget committee of the 193-member UN General Assembly that if he had not worked since January to cut spending then "we would not have had the liquidity to support" the annual gathering of world leaders last month.
He said the market's growth is also hampered by the difficulty in researching the areas 5,000 meters below sea level with today's technologies.
He said the white paper issued by China earlier this month on trade consultations with the United States proved China's good preparation.
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He told China Daily that the country's integrated industry system, efficient infrastructure, huge domestic market, well-educated human resources, the considerable economic growth rate and the application of new technologies have created an incomparable investment environment for foreign companies.
He said the efforts to boost insufficient infrastructure are expected to continuously increase, as the economy is undergoing downward pressure.
He said the world will be observing the proposals more closely than ever because of how China has handled the pandemic more successfully than many Western countries.
He said the government has already placed meters at 4,086 spots in six districts as well as along 37 roads in Tongzhou district, the capital's subcenter.