more european drivers will have a chance to get to hide the wheel of a chinese electric car as germany is biggest rental company says of a bite, 100000 of them and clean energy is much use if there's no where to put it. we visit one company that's looking to make family size batteries more affordable and chris kolber, welcome to the program, has not taken a long mask now, says he will push ahead with a plan to buy a social networking site. twitter. he'd been due to face representatives of twitter in court later this month after he attempted to back out of the $44000000000.00 deal. mister musk accused the company of understating the number of fake accounts on the site that he's now informed twitter he wants to go ahead with the sale at just over the options like $54.00 a share, which is the amount originally agreed a wall street correspondence corridor told us how markets have been reacting to the news. well, i mean,

it was so interesting to see or, or quite obvious what wall street believes is going to happen. so investors seem to believe that this deal now will go through for the originally proposed $44000000000.52 and $54.00 and to $0.20 per share. and the stock term here on a tuesday went up from $42.00 to $52.00 a piece. so getting close to there is original acquisition price. so what might be even more interesting is also what happened to the tesla stock because that did move up even if investors are concerned that if you don't, moscow is going to buy a twitter that he has to sell some tesla stocks to actually come up or can afford the purchase price in total of $44000000000.00. so the reaction a was up beat wall street seems to believe it is likely at this point this, this deal will go through as actually agreed on earlier on in april jones quarter

reporting from a wall street there. now a short while ago i spoke to alison stewart, ellen, head of the advisory firm to the national marketing partners. and i asked her to explain to us why eat on musk is going to buy twitter now after all? yeah, well a few things have happened in the intervening months between him launching the lawsuit and survey one is that he is imminently being deposed by twitters lawyers, which means that he will have to swear an oath and will be subject to some very personal questions of his private alles several have been leaked and so i suspect the part of why he's decided to avoid the confrontation and proceed to suit is because actually it will probably be a little too painful and will reveal probably too much about his personal life. so

there's also a commercial motive, of course, behind all this to but a lot of it also has to do with him as a business leader and being exposed. 3 and so i think that's what's behind this, and i think one can also say that the number of fig accounts are, is actually close to what twitter has been saying. not what mr. must has been alleging allison, what time frame are we looking at here? when it comes to closing this so that's a really very much a function of how quickly lawyers can do the legal work in the background. i think a lot of it is also depending on what musk is wanting to achieve in this acquisition. so part of the terms, the deal i suspect, are going to be about how much leeway he has to move the twitter brand and fold it into this x super app that he's route to be exploring.

so with, with legal deals, it could happen within a week, it could happen within 6 months, very much it's driven by the legal process. so but in other words, it could be the case that ellen musk will own twitter, right in time for the mid term elections in the united states and to unlock donald trump's twitter camp. ah, well that is one possibility. there are several other possibilities. one is that he's not unlock donald trump's twitter account, but instead he lun. musk focuses his energy on commercially exploiting the opportunities that twitter has through its reach. and so really this is a business deal, i think more than it is a political motivation. i think elan musk is interested in making money and he sees twitter as a reads to doing so. allison, what will it mean to twitter as a company that it is now being acquired by a man that has been bad,

mouthing it in front of the whole world. and one that looks like he's going to undo changes that have been made to tackle fake news and hate speech. well, this is a great question because users and advertisers alive are paying very close attention to exactly this. and advertisers will talk, you know, speak with their bullets. and if they also are fearing there is taint from a platform that is not enforcing laws, ah, then you know, advisors will abandon them and so will users. so, you know, you may say, well, that's not happened at facebook, but actually it has happened at facebook and it's happening on other platforms that are not being responsible. so i think twitter is under the microscope, under mosques ownership to make sure that it lose users or advertisers, allison stored ellen of international marketing partners. thank you. thank you.

and i to some of the other global business stories making news boards say oil cartel, opec plus is considering a major production cut of up to $2000000.00 barrels per day. if agreed on. it would be the 1st major reduction since then them again 2020 saudi arabia is believed to be pushing for the move to boost slumping prices. all new smartphones and camera sold and the european union will have to use the same type of charger from 2024. the european parliament has passed a law making u. s. b c. the standard socket support to say the measures will reduce the electronic waste and cut costs for consumers. apple who is known for making a barrel and chargers has argued it'll stifle innovation. micron technology is planning to invest of $200000000000.00 in a computer to a factory in upstate new york from the company says the complex will be the largest

in the country. there's president biden recently signed an act that provides billions of dollars and subsidies to ship makers in intent to spur competitiveness with china and say, with china, german rental companies 60 says it will buy some 100000 electric cars from chinese company b, y, d over the next 6 years, 6 says several 1000 of those cars will be available for rental this year. they will be 1st offer to customers in germany, france, the netherlands and britain more will be ordered in different stages until 2028. b y d is one of the world's largest producers of electric vehicles and is currently making its way into the german market that get more, those from dw corresponded so song, han, anti paid. so we know that china has been an important market for western car makers. how important is europe now? to chinese producers? all let me give you some other numbers 1st. in the 1st 8 months of this year,

tennis auto export more, more than 1800000 units up. i'm 52 percent a year on year among then asked for of new energy vehicles. 340000 units, an increase of 97.4 year on year. the reason why i'm talking about these numbers is because china's new energy vehicle as force, grew melly due to the rapid rise of the european market, which is now accounted for nearly 50 percent of the proportion, relatively strong performance. and so what sort of strategy are chinese car makers following on the european market? well, although europe has a strong automotive industry base, it moves relatively slowly when doing electrification and intelligence steering. and they are not too many products available in the market while the new energy products of chinese car companies can well meet the needs of the european market

for china from 2021. the european market overtakes the asian market to become the top market for new energy vehicle exports. chinese cars have a price advantage over their european counterparts. statistics show that the price difference is around 50 percent. so when car makers like mercedes adi and even forced him to be a bent abandoned in there, um for the uh, for the mid rent price chinese companies are trying to get into this niche. so diane are correspondent, i pay. so thank you. now being able to power a growing fleet of electric cars is one of the reasons why germany aims to expand its use of renewable energy. but the sun is always shining and the wind is more is blowing not to have power around the clock. battery storage is needed. they call it the giga factory. this is where the startup test volt is based in the heart of germany. the company produces battery storage units. a single module stores 10

kilowatt hours, which can power the needs of a 4 person household per day. the modules can be connected to one another and industrial companies are keen on acquiring them. them to work as a wake of the ukraine war. companies want to sustainable, secure, and affordable energy supply. and that's why customers call us and say, i need electricity stores. i want to freeze my electricity cost. it's the only way to become independent of rising electricity prices. that is what the town of course creamer in eastern germany wanted with its new solar farm there. price $0.06 per kilowatt hour of solar power plus $0.10 for storing it. that's half of what it costs from the power grid. when even should the weather's good? and although solar plants produce extra electricity that we can store at that facility. but if the weather is overcast or in the evening, we can take it out of storage. the community could be a model for germany, but there are still only a few giant storage facilities installed in the country. that's because large scale

expansion has its challenges. athena, with a big missing building block, is the raw material. batteries are often built using rare minerals right now we have to manage to use cheaper easily available raw materials like sodium, with new battery cell generations. and then a large scale nationwide expansion is also possible. so that will really manage to supply europe or parts of europe. 247, a truly self sufficient, green, affordable, safe way for video for, for them to produce as much as possible. despite the global computer chip storage, the company has developed a new storage model here there and what's next theme failure. we had to respond extremely quickly and we're able to reduce the amount of chips we need is our products by 80 percent of kathy go. when phones on products that has helped us to grow away growing 100 percent this year over last year. and you know,

i'm from flights and foil, i'm not woodson. today the company already has or does work more than 100000000 euros. and just recently, investors injected further capital into the startup. the money will be used to build another giga factory soon. and remind her of a top story at this hour years billionaire. earl lawson will push ahead with his plan to buy social networking side twitter after earlier attempting to back out of the $44000000000.00 deal. that's a short thanks for watching. i'm chris cobra. blend of a successful day ah, [000:00:00;00]

with ah, what of these mountains of waste could just disappear? sustainable packaging is urgently sought. bags made from algae, boem from mushrooms the future of sustainability. when will new technologies become ah, made in germany? in 30 minutes on d. w. a b, william had

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discover the world around you. subscribe to d w documentary on youtube with ah, this is the w news live from berlin. the you agrees fresh sanctions against russia after it's illegal annexations in ukraine. brussels promises a tough response with planned penalties for moscow to include