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  • Billionaire Jack Ma is giving up control of Ant Group. Jack Ma further retreats from his online empire following China’s unprecedented tech crackdown. The company is offering 10 individuals, including the founder, management, and staff, voting rights independently, effectively removing Ma’s control of Ant,* according to an announcement on Saturday. The adjustment will not change the economic interests of any shareholders.
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  • U.S. EV sales jolted higher in 2022 as newcomers target Tesla. Auto makers sold 807,180 fully electric vehicles in the U.S. last year, or 5.8% of all vehicles sold, up from 3.2% a year earlier. Tesla still dominates the U.S. EV market,* accounting for 65% of total sales last year, Motor Intelligence’s estimates show. That figure was down from 72% in 2021, as legacy car companies roll out more models.

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