BYD Co Ltd
Chinese EV giant BYD says it has a backup plan if it’s cut off from Nvidia chips
The Chinese electric car manufacturer BYD presents its models at the Open Space Area during the IAA Mobility in Munich, Bavaria, Germany, on September 12, 2025. Eyeswideopen | Getty Images News | Getty Images BYD has a backup plan if it gets cut off from the Nvidia chips it currently uses in its cars, a […]
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CNBC Daily Open: Hindsight could give the Fed a stern lesson on its rate cut
U.S. Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy, in Washington, D.C., U.S., Sept. 17, 2025. Elizabeth Frantz | Reuters The U.S. personal consumption expenditures price index for August comes out Friday. The Federal Reserve will hope the report shows […]
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Buffett’s Berkshire totally exits its profitable stake in Chinese EV maker bought because of Munger
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett. You can sign up here to receive it every Friday evening in your inbox.) Berkshire totally exits its profitable stake in Chinese EV maker Berkshire Hathaway has completely exited its extremely profitable equity investment in the Chinese electric vehicle maker BYD. […]
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Tesla sales plunge 40% in Europe as Chinese EV rival BYD’s triple
Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025. Tom Brenner | The Washington Post | Getty Images Sales of Tesla cars in Europe plunged in July, in the company’s seventh consecutive month of declines, while Chinese rival BYD saw […]
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China’s EV industry is spending more on factories abroad than at home for the first time
Brazilian President Luiz Inacio Lula da Silva and China’s Great Wall Motor (GWM) CEO Mu Feng attend the opening of the GWM automobile factory on August 15, 2025, in Sao Paulo, Brazil. China News Service | China News Service | Getty Images BEIJING — Chinese electric car companies are increasing investments in overseas factories as […]
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CNBC Daily Open: That’s not how revisions to jobs numbers work
U.S. President Donald Trump boards Air Force One on August 1, 2025 at Joint Base Andrews, Maryland. Anna Moneymaker | Getty Images News | Getty Images After U.S. jobs figures for May and June were revised significantly downward by the Bureau of Labor Statistics — slashing a combined 258,000 from previous figures — President Donald […]
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China’s BYD breaks delivery growth streak as EV price war reshapes competition
Despite a July slowdown, BYD retains its lead in China’s competitive EV market. Anna Barclay | Getty Images News | Getty Images China’s largest EV maker BYD posted its first monthly delivery decline this year, amid stiff competition from a price war that has attracted attention from policymakers in Beijing. While other major Chinese electric […]
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This Chinese jeweler is using traditional techniques to challenge Cartier — and it’s starting in Singapore
Key Points One of the latest stores to enter Singapore’s iconic Marina Bay Sands is Laopu Gold, a Chinese jewelry upstart intent on becoming a global luxury brand. NBA player Victor “Wemby” Wembanyama picked up a Laopu pendant necklace while visiting Beijing last month. In May, Cartier-parent Richemont warned investors about Laopu’s rise. Source
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Amazon deploys its 1 millionth robot in a sign of more job automation
An Amazon logistics center in Mecklenburg-Western Pomerania, Dummerstorf, Germany, on Nov. 27, 2024. Picture Alliance | Picture Alliance | Getty Images Amazon announced Monday its millionth worker robot, and said its entire fleet will be powered by a newly launched generative artificial intelligence model. The move comes at a time when more tech companies are […]
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CNBC Daily Open: Tariffs led us down a different timeline for interest rates
U.S. Federal Reserve Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs, on Capitol Hill on June 25, 2025 in Washington, DC, U.S. Kent Nishimura | Getty Images News | Getty Images It’s the what-could-have-beens that hurt the most. The childhood sweetheart who moved to a different country. The early […]
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