Bloomberg On the outskirts of a small town less than 50 miles southeast of Phoenix, a 720,000 square foot electric vehicle factory is arising in the desert. If all goes as planned, a luxurious new battery-electric sedan will roll off its production line by year’s end. Lucid Motors, a US startup, is building the factory and slated to start manufacturing …

Bloomberg Facebook Inc. plans to hire more remote workers in areas where the company doesn’t have an office, and let some current employees work from home permanently if they’d like to. Chief Executive Officer Mark Zuckerberg said the firm plans to “aggressively open up remote hiring” starting immediately with the US, particularly for engineering talent. Based on internal employee surveys, …

Bloomberg Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the rollout of everything from wireless networks to artificial intelligence. In the masterplan backed by President Xi Jinping himself, China will invest an estimated $1.4 trillion over six years to 2025, calling on urban governments and …