The build-out comes as new energy vehicle adoption remains strong. In 2025, China produced 16.626 million new energy vehicles and sold 16.49 million units, up 29% and 28.2% respectively, data from the China Association of Automobile Manufacturers showed.
"What an interesting Black History month this has turned out to be," he wrote. Black History month takes place in February in the US.
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But he warns that consolidation will likely lead to fewer films getting made, as happened after Disney bought Fox.
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