GERMAN PARLIAMENT REJECTS RETURN TO NUCLEAR POWER

Moonshot AI secured about $2 billion in a funding round led by Meituan’s venture arm, lifting its valuation above $20 billion. Annual recurring revenue exceeded $200 million in April, driven by subscriptions to its Kimi chatbot and AI model services, according to HF Capital, which advised some investors. Moonshot and Meituan representatives confirmed the investment, while the company declined further comment.

Canadian officials are debating how to distribute the new 49,000-unit low-tariff quota for Chinese-made EVs, including potential caps per manufacturer. The system, effective March, initially allows 24,500 import permits through Aug. 31 on a first-come, first-served basis, while ensuring equitable access. Discussions include giving priority to Chinese automakers with Canadian operations and managing allocations to prevent dominance by any single company, according to people familiar with the matter.