Weekly Round-up

This week in development…

  • Indian officials have expressed interest in joining the China-backed Asian Infrastructure Investment Bank, proposed by Beijing last year as an alternative to the Japan and U.S. controlled Asian Development Bank. Indian officials will submit a report with recommendations to Prime Minister Narendra Modi within the next two months.
  • U.S. electric auto manufacturer Tesla Motors announced a new deal with state telecom giant China Unicom to install over 400 electric charging stations in 120 Chinese cities.  The deal comes against the backdrop of new government policy aimed at supporting the development of a domestic electric and hybrid car industry.  China is the world’s largest auto market, and there is pressing need to develop cleaner and more efficient vehicles to meet expanding demand.
Tesla Supercharger stations soon to come to China

Tesla plans to install hundreds of new charging stations around China

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