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GM to work closely with CATL in its China EV push: executive

SHANGHAI (Reuters) – General Motors (GM.N) will “work very closely” with Chinese electric vehicle battery maker Contemporary Amperex Technology Ltd (CATL) (300750.SZ) as it ramps up electric production in the world’s biggest auto market, a senior executive said.

FILE PHOTO: Buick’s electric vehicle(EV) Velite 6 of GM is unveiled during the media day for Shanghai auto show in Shanghai, China April 15, 2019. REUTERS/Aly Song/File Photo

The Detroit automaker said in March it would invest $20 billion by 2025 in electric and automated vehicles as it races to catch up with Elon Musk’s Tesla Inc (TSLA.O) in the sector.

“We have already established a good working relationship and supply agreement with CATL,” said Julian Blissett, GM’s China president. “We will work very closely with CATL in the future.”

“We are not planning on importing any major components for new energy vehicles. The drive units,

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With remote work plan, Facebook dashes hopes of paycheck arbitrage

SAN FRANCISCO (Reuters) – With Facebook’s adoption of permanent remote work on Thursday, Chief Executive Mark Zuckerberg has untethered one of Silicon Valley’s biggest companies from the place that incubated it.

FILE PHOTO: A Facebook logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

But he also dashed a Silicon Valley dream: that tech workers would be able to take their generous salaries with them as they flee the Bay Area’s crushing housing costs, dirty sidewalks and crowded roadways.

As lockdowns dragged into their third month, message boards popular with well-paid tech workers have lit up with fantasies of working long-term from tropical beaches and spacious houses in affordable small towns in the Midwest.

“Does that mean I could apply for a job in Silicon Valley and work remotely from, say, the Caribbean? Asking for a friend,” wrote one user on Blind, an

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Facebook’s Zuckerberg embraces remote work beyond Silicon Valley

SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) will permanently embrace remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg said on Thursday, accelerating the tech sector’s geographic diversification away from its home in Silicon Valley.

FILE PHOTO: Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing on Capitol Hill in Washington, U.S., October 23, 2019. REUTERS/Erin Scott

Zuckerberg said the world’s largest social network would start “aggressively opening up remote hiring” in July, expecting that about half its workforce would eventually do their jobs outside Facebook’s offices over the next five to 10 years.

The company would take a more “measured approach” with existing employees based on job function and past performance, he said, and set a January 1, 2021 deadline for staff to update the company on their new locations for tax purposes.

The move is the most significant yet

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Facebook’s Zuckerberg embraces remote work outside Silicon Valley

FILE PHOTO: Facebook’s campus is seen on the edge of the San Francisco Bay in Menlo Park, California in this aerial photo taken January 13, 2017. REUTERS/Noah Berger

SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) will permanently embrace remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg told employees on Thursday, accelerating the tech sector’s geographic diversification away from its home in Silicon Valley.

Zuckerberg said the world’s largest social network would start “aggressively opening up remote hiring,” expecting that about half its workforce would work remotely over the next five to 10 years.

The company would take a more “measured approach” with existing employees based on job function and past performance, he said, and set a January 1, 2021 deadline for staff to update the company on their new locations.

Facebook, which has already said it will stick to plans to hire 10,000 engineers and

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