Mercedes-Benz (Mercedes-Benz) announced that the company's electric strategy will be changed from "electric first" to "all-electric".According to the plan, all-electric models will be available in all market segments from next year; by 2025, each model will be available in an all-electric version. At the same time, three new pure electric model architecture platforms will be launched, which will be ready for the realization of full pure electric in the market where conditions permit by 2030. The company also raised its target of selling more than 25% of pure electric and plug-in hybrid models in 2025 to 50%.

Volvo Automobile Group (Volvo Car) will acquire Geely's full stake in the Chinese joint venture, a deal that will create a clearer ownership structure within Volvo and Geely Holdings.Zhejiang Geely Holdings Group bought Gothenburg-based Volvo from Ford more than a decade ago, and since then Volvo has shared ownership of its Chinese plant with parent Geely Holdings. Volvo has been focused on maintaining its position as a high-end western car brand, and full ownership of Chinese factories could make potential IPO more attractive to investors.

Faraday Future officially listed on the Nasdaq on Thursday at $13.78 / ADS, opening at $16.80, up 22% from its offering price, but its shares fell all the way after the opening, and Faraday Future broke out an hour after the opening.Faraday Future shares closed at $13.98, up 1.45% from the offering price, with a market capitalization of $4.5 billion. In the formal listing bell link, FF founder Jia Yueting, FF global CEO Bi Fukang did not take the stage.

BHP Group Ltd (BHP Group) has signed a supply agreement with Tesla, Inc. (Tesla) to supply nickel for electric car batteries from its Nickel West business in western Australia.The world's largest miner by market capitalization said it and Tesla, Inc. had also agreed to work together on the sustainable development of the battery industry's supply chain, such as using blockchain to track the process of raw materials from mines to products. BHP Group Ltd said demand for nickel in batteries is expected to increase more than sixfold over the next decade, mainly because of growing demand for electric vehicles.

Suzuki and Dafa Industries will contribute to a co-financing company focused on Toyota Motor Corp and committed to the research and development of commercial vehicle technology.The co-financing company was established in April by Toyota, Hino Motor and Isuzu Motor. The aim is to combine the technology of various enterprises to jointly develop cutting-edge technologies such as electrification and autopilot. Dafa is a wholly owned subsidiary of Toyota, while Suzuki is funded by Toyota by 5%, all of which have cooperative relations.

Nidec announced on July 21 that it would start discussions with Taiwan's Foxconn Group to set up a joint venture.Will develop and produce drive motors for pure electric vehicles (EV) that Hon Hai plans to get involved in. Foxconn will lead the Hon Hai Group's pure electric vehicle production and development project, which is attended by 1200 parts companies, and Nippon Electric has already participated in the project. The joint venture will further strengthen relations with Hon Hai, which is rumored to supply pure electric vehicles to Apple Inc of the United States.

Us cloud computing giant Salesforce.com Inc completed the acquisition of Slack, an enterprise chat and internal collaboration tool, on July 21.Salesforce.com Inc spent 27.7 billion dollars to make up for the deficiency of chat tools in his own enterprise software product line. In the near future, the company will not immediately change the function, brand or management personnel of Slack. Slack has brought about great changes in intra-enterprise communications and business collaboration in the past few years, after Slack sparked interest in mergers and acquisitions of Microsoft Corp. Slack has created a completely different field of corporate communications, and the importance of email, as Microsoft Corp's traditional advantage business, is declining rapidly.

Microsoft Corp (Microsoft) said on Wednesday that it would acquire CloudKnox, a cyber security start-up that develops software designed to help companies reduce the number of visits they provide to their cloud resources.Microsoft Corp did not disclose the specific terms of the deal. The deal represents another step for Microsoft Corp to expand his security business while striving to ensure the safety of Windows and other products.

The announcement of the CSRC on July 22nd showed that China Telecom Corporation's IPO application had been examined by the Development and Review Committee on the same day.From the announcement of the return to A shares to the success of the meeting, China Telecom Corporation took four months. This is also one of the second "communications giants" to successfully return to An after China Unicom. China Telecom Corporation applied for listing on the main board of the Shanghai Stock Exchange, with a public offering of no more than 12.1 billion A shares, with an estimated investment of 54.4 billion. Prior to this, China Mobile Limited publicly disclosed the prospectus on May 17 and will also apply for listing on the main board of the Shanghai Stock Exchange.

JPMorgan Chase & Co's board of directors awarded Jamie Dimon, the 65-year-old chief executive, a retention bonus in the form of 1.5 million options he can exercise in 2026.The award requires Dimon to stay at the bank and meet certain performance targets in order to receive a full bonus. The move is intended to send a message to people inside and outside the bank that Dimon will not leave soon, reflecting the board's desire for Dimon to continue to lead the company for a long time in the future.

AstraZeneca PLC (AstraZeneca) completed its acquisition of Alexion Pharmaceuticals on July 21, marking the company's foray into the field of rare disease drugs.Brother Alex's LOGO has added the word AstraZeneca Rare Diseases (AstraZeneca PLC rare Disease). Brother Alex has been delisted on NASDAQ.

Pfizer Inc (Pfizer) and BioNTech will start producing their COVID-19 vaccine in South Africa.According to the plan, production of the finished vaccine will begin in 2022, with the goal of producing more than 100 million doses a year. Us pharmaceutical group Pfizer Inc and German biotechnology company BioNTech have jointly developed the first regulatory approved COVID-19 vaccine, which is based on Messenger RNA (mRNA) technology. The two companies will work with Cape Town vaccine company Biovac Institute to enable their Cape Town plant to complete the final process of vaccine production, known as fill and finish, while still importing vaccine raw materials from Europe.

A number of states in the United States have announced a historic $26 billion settlement with pharmaceutical companies over thousands of opioid crisis lawsuits, paving the way for communities across the country to get funding to address the unabated addiction to painkillers.The deal has been negotiated for more than two years by three major US drug distributors, McKesson, AmerisourceBergen and Cardinal Health, and drugmaker Johnson & Johnson & Johnson.

Ryohin Keikaku, which runs MUJI, a daily grocery store, said on July 21 that it would open 50 stores a year in China from fiscal year 2024 to August 2024.The speed of opening a shop is twice as fast as it is now. In addition to increasing the number of goods planned locally in China, it will also promote the hiring of senior executives. Good products plan to enter the Chinese market in 2005. By the end of May, with Shanghai, Beijing and other cities as the center, the number of stores had reached 294, accounting for 30% of the total.

UBER TECHNOLOGIES INC (Uber) will buy transportation management software and logistics company Transplace from private equity firm TPG for $2.25 billion (including $750 million of Uber shares).Uber said the deal would create an industry-leading freight technology operating system to achieve a comprehensive end-to-end shipper-to-carrier solution. TPG bought Transplace from Greenbriar Equity Group in 2017 for about $1 billion.

Financial report information

Hyundai Motor reports second-quarter results for 2021. Quarterly operating profit increased by 219.5% year-on-year to 1.886 trillion won. In the same period, sales rose 38.7% year-on-year to 30.3261 trillion won. Global market sales rose 46.5 per cent year-on-year to 1.031349 million vehicles (200682 at home and 830667 overseas), while domestic sales fell 11 per cent, but overseas sales surged 73.6 per cent.

Kia initially verified that its operating profit in the second quarter of 2021 increased by 924.5% year-on-year to 1.4872 trillion won. In the same period, sales increased by 61.3% year-on-year to 18.3395 trillion won. Net profit increased by 963.2% year-on-year to 1.3429 trillion won. On the sales side, Kia's global sales rose 46.1 per cent year-on-year to 754117 vehicles, while domestic sales fell 8.2 per cent year-on-year and overseas sales surged 70.9 per cent.

South Korean steel giant POSCO reports second-quarter results for 2021. According to the caliber of the consolidated financial statements, operating profit in the second quarter surged 1194.12% year-on-year to 2.2 trillion won, a record high. Sales in the second quarter were 18.29 trillion won, up 33.31% from a year earlier, while net profit was 1.81 trillion won, up 1710% from a year earlier. Look at POSCO head office alone, second-quarter sales of 9.277 trillion won, operating profit of 1.608 trillion won, net profit of 1.318 trillion won, sales and operating profit ring score increased 18.9% and 49.8%.

Intel Corp (Intel) announced financial results for the second quarter of fiscal year 2021. Quarterly revenue was $19.631 billion, roughly flat from $19.728 billion in the same period last year, while net profit was $5.061 billion, down 0.9 per cent from $5.105 billion in the same period last year. By department, customer computing group's second-quarter net revenue was $10.109 billion, data center group revenue was $6.455 billion, Internet of things group revenue was $1.311 billion, non-variable storage solutions group revenue was $1.098 billion, and programmable solutions group revenue was $486 million.

Texas Instruments Inc (TI) reports results for the second quarter of 2021. The quarterly net profit of common shareholders belonging to the parent company was $1.931 billion, up 39.93% from a year earlier, and revenue was $4.58 billion, up 41.4% from a year earlier.

Twitter reports results for the second quarter of fiscal year 2021. Quarterly revenue was $1.19 billion, up 74% from $683 million in the same period last year; net profit was $65.6 million, compared with a net loss of $1.378 billion in the same period last year.

Snap Inc released his financial results for the second quarter of fiscal year 2021. Quarterly revenue was $982.1 million, up 116 per cent from $454.2 million in the same period last year, while the net loss was $151.7 million, 53 per cent lower than the net loss of $326 million in the same period last year.

Blackstone Group Inc Group (Blackstone) reports second-quarter results for 2021. Total quarterly revenue was $5.291 billion, compared with $2.516 billion in the same period last year, while net profit attributable to the company was $1.309 billion, compared with $568 million in the same period last year. Net accrued performance income (Net Accrued Performance Revenues) was $6.8 billion ($5.60 per share), an increase of 150 per cent year-on-year. Total assets under management (AUM) was $684 billion, an increase of 21% year-on-year.

Abbott Laboratories (Abbott) reports results for the second quarter of 2021. Quarterly net sales were $10.223 billion, up 39.5% from a year earlier, while net profit was $1.189 billion, up 121.5% from a year earlier. By business, sales in the nutrition business were $2.108 billion, up 11.9% over the same period last year; sales in the diagnostic business were $3.247 billion, up 62.8%; sales in the pharmaceutical business were $1.18 billion, up 16.4% over the same period last year; and sales in the medical device business were $3.666 billion, up 51.3%. In the second quarter, global sales related to COVID-19 testing were $1.3 billion.

Biogen reports second-quarter results for 2021. Quarterly revenue was $2.775 billion, down 25 per cent from a year earlier. Quarterly net profit attributable to the company was $449 million, down 71 per cent from a year earlier.

American Airlines (American Airlines) reports second quarter 2021 results. Quarterly revenue was $7.478 billion, up 361% from a year earlier; net profit was $19 million, compared with a net loss of $2.067 billion in the same period last year. Passenger revenue in the second quarter was $6.545 billion, compared with $1.108 billion in the same period last year; freight revenue was $326 million, up 151% from a year earlier; and revenue from other businesses was $607 million, up 58.1% from a year earlier. Operating profit was $441 million in the second quarter, compared with an operating loss of $2.486 billion in the same period last year.