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At the Mnet Asian Music Awards (MAMA) 2024, K-Pop artists Rosé and J.Y. Park showcased their latest hits. Rosé's collaboration 'APT' gained immense popularity, while J.Y. Park celebrated 30 years in the industry with new music and performances, highlighting the evolving landscape of K-Pop.
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Volkswagen has announced the sale of its assembly plant in Urumqi, Xinjiang, to a subsidiary of Shanghai Lingang Development Group. This move comes as the company shifts focus towards electric vehicles, extending its joint venture with SAIC Motor until 2040. The sale addresses both economic pressures and human rights concerns in the region.
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Formula One has announced a five-year extension for the Chinese Grand Prix at the Shanghai International Circuit, set for March 21-23, 2025. This comes as the sport aims to grow its fanbase in China, which now boasts 150 million followers, despite the absence of its first Chinese driver, Zhou Guanyu, next season.
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Cadillac, backed by General Motors, will enter Formula 1 in 2026, marking the first new team since 2016. The team will be led by Graeme Lowdon as principal and will initially lease engines from Ferrari. This entry follows a revised bid after earlier rejections and aims to capitalize on F1's growing U.S. presence.
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As electric vehicle (EV) sales surge, traditional internal combustion engine (ICE) cars still hold a significant market share. Companies like Nio and Geely are adapting strategies to balance EV and ICE production, while Audi launches its Q6 e-tron in the US, showcasing advancements in EV technology.