This is your Daily news briefing from Cheddar News
Ford Motor executive Chairman, Bill Ford Jr told CNN
that the US is quote not quite yet ready
to compete with China in the electric vehicle market.
He also noted China's ability to quickly produce evs on a large scale.
Back in February Ford announced a $3.5 billion
investment in the EV battery plant in Michigan
electric aircraft maker,
Eve and Blade Air Mobility are planning to ignite Eve's
upcoming flying car and to Blade's European route network.
Now,
Eve's CEO said the partnership would allow the company
to make travel more accessible and drive environmental improvements.
And Cinemark Summer Movie Clubhouse is making its return,
giving film favorite opportunity to see movies, forget this only $1.50.
Now, this deal starts on Wednesday and it runs every Wednesday through August 10th
with theaters and 35 participating states.
And that's a China news update. I'm Shannon Lanier in New York.