A launch event for BYD’s Dolphin Surf electric vehicle in Paris on May 21. Such low-priced models have led investors to fear a deeper price war in the industry. The Dolphin Surf will retail for €22,990 ($26,100). Cyril Marcilhacy/Bloomberg Wang Chuanfu, the billionaire cofounder of Chinese electric vehicle giant BYD, saw his wealth drop by
Hyderabad: Former Telangana minister K.T. Rama Rao (KTR) found himself at the centre of a social media storm after claiming credit for BYD’s potential $10 billion investment in the state. Citing the BRS government’s EV & ESS policy and their 2022-23 negotiations, he hailed it as the “fruition of a long-term plan.” But netizens weren’t
CLN KraneShares Key News Asian equities were mixed overnight in a quiet session following Friday’s global index rebalance and the expiration of U.S. futures and options. Hong Kong and India, which has picked up recently after its correction, outperformed while the Philippines and Indonesia underperformed. The Wall Street Journal is reporting Trump’s April 2 tariff