Despite China’s overall economy coming down with a bad cold last year, its EV players are upstaging the world’s most valuable auto company.
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Chinese electric vehicle giant BYD announced revenue of just over $28 billion in the three months ending September.
A couple of China-based EV giants had good news to share in spite of a weakened consumer at home and fresh tariffs from the EU and Canada.
Uber announced a new partnership with BYD to get 100,000 of its drivers into the company’s electric vehicles.
US manufacturers might not have the best grasp on what drivers want. The ones who seem to know reside about 6,000 miles away in Japan.
Tesla’s sales fell for the second straight quarter, marking its first back-to-back sales drops since 2012. But its stock still rose 10%.
It’s the latest in several moves — announced in swift succession — that suggest a radical overhaul in Zuckerberg’s thinking about Meta.
Executives at top financial services firms expect to cut as many 200,000 jobs in the next five years and significantly increase revenues.
The investment company says advisors and investors should break from the traditional strategy and take on more defensive positions this year.