Strategy and Technology - BYD emphasizes its position as a technology company with differentiated solutions and strategies, supported by 120,000 R&D engineers and 45 patents per day [1][2] - The company aims to bring total solutions, including solar panels and charging stations, to various markets [3][4] - BYD plans to invest in flash charging infrastructure, particularly in South Africa, with an initial investment of 200 to 300 units by the end of next year [11][12] Global Expansion - BYD intends to play strongly in both China and overseas markets [2] - The company is focusing on expansion in Africa, especially South Africa, by providing technology and innovative solutions [5] - BYD has no current plans to enter the U S market [12] - BYD's facility in Hungary is expected to be operational by the end of this year, with car production ramping up in Q1 next year, positioning the company for local production in Europe [13] Product and Technology - BYD promotes its DMI (Do More Intelligence) super hybrid technology, highlighting its reliability and range of 50 to 200 kilometers on electric power and 1500 to 2000 kilometers with a full tank of gas [7][8] - The company focuses on convincing customers through test drives to demonstrate the cost savings and benefits of their EVs [9][10]

So let's talk a little bit more about what exactly you said last week. It was the guidance for revenue growth and profit. If you map it out to 2030, I believe that that only targets about 5% annual growth.So is that Ferrari being cautious prudently here or do you actually see something troubling ahead when it comes to the luxury market. I think that the plan we showed last week is equally ambitious as the last one. I think that three years ago we committed to deliver and we delivered on our promises we are ...

Core Points - China's new export regulations on rare earth elements could significantly impact major tech companies like Apple and Tesla, as well as US military contractors, serving as a strategic bargaining tool in trade negotiations with the US [1][4][10] - The requirement for foreign entities to obtain special licenses for exporting products with over 0.1% rare earth metals from China will take effect on December 1, creating uncertainty for US companies [2][5] - The announcement has led to a surge in stocks of US-based rare earth mining companies, with some experiencing increases of 20% or more [3] Industry Impact - China holds a near-monopoly on the global supply of rare earth metals, controlling approximately 70% of mining and 90% of processing capabilities, which gives it significant leverage in international trade [7][10] - The new licensing requirements are expected to complicate supply chains, potentially leading to higher prices for consumers in the US [5][14] - The US is facing challenges in ramping up domestic production of critical minerals due to China's restrictions on technology exports related to mining and processing [14][18] Military Implications - Licenses for products with military applications are likely to be denied, which raises concerns about the availability of rare earth elements for defense technologies [6][10] - The potential for a total embargo on rare earth exports from China remains a concern, especially in the context of rising geopolitical tensions, such as the situation regarding Taiwan [13]

Ferrari is going electric. Yes, that's Ferrari. The one famous for its rowing and giant.The ultimate muscul car now trading gas for batteries. Why. One of the answers is China.Lower tarries and taxes could make the Ferrari electric a strategic fit for China where the government has long favored electric vehicles over fuel thirsty imports. Electrica reaches a top speed of 190 mph with a range of about 330 m, comparable to Tesla's Model Y, but shorter than that of a Mercedes-Benz EQS. But remember, Ferrari is ...

Five things to know ahead of today's opening bill. Senate Democratic leader Chuck Schumer now urging President Trump to meet with Democrats as a government shutdown draws closer. On Friday, the Senate voted to block dueling Republican and Democratic proposals to keep the government funded on a short-term basis.Now, funding expires at the end of the month. And the parent company of Saxith Avenue now reportedly in talks to sell 49% of Burgdorf Goodman for about $1 billion. The Wall Street Journal reporting th ...

Electric car sales are soaring in China, but EV drivers are more likely to get into accidents and file costly insurance claims, posing a challenge for auto insurers https://t.co/92aZJArkvD ...