News and my thoughts from the last week (25 Mar 2024) - Huawei, BYD & AI
Huawei's auto unit expected to become profitable this year, exec says Huawei's automotive business is expected to turn a profit this year, bolstered by mid-to-high-end models built in partnership with automakers, the unit's chairman said. - CNEVPost
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Another great example of sanctions backfiring. In 2019, due to US sanctions, Huawei was banned from using Android, the operating system on which most of its devices ran. The US thought this would be a killer blow to the company. Undeterred, Huawei decided to develop its own homegrown OS - HarmonyOS - something everyone at the time said was impossible, due to the enormous complexity of the task. Fast forward 5 years, HarmonyOS is now running on no less than 700 million devices in China and is about to overtake Apple’s iOS. - X user Arnaud Bertrand
Used Tesla cars lost nearly 30% of their value since last February, as Elon Musk kept cutting prices of new vehicles in order to stay competitive. - Notebookcheck
The Los Angeles Police Department has formed a task force to counter a rise in gangs from Latin America that have been targeting luxury homes in Southern California. - NY Post
Copper scrap exports to China were forecast to nearly double to 24,967 tons in the Q1 from a year earlier. That was likely to account for 73% of the country’s total copper scrap exports. - KED Global
Magnetic-electrical disks will reportedly feature 90% less power consumption compared to hard disk drives and 20% less power consumption than tape drives while having 2.5x the performance of tape drives. - Tom’s Hardware
BYD, Xpeng and GAC Aion’s Hyper brand announced expanded collaborations with Nvidia on Monday BYD, will use Nvidia’s Drive Thor chips to enable increased levels of autonomous driving and other digital functions, Nvidia says - SCMP
Hapag-Lloyd CEO predicts early peak season for ocean shipping
Expect a softer March then a volume build, Habben Jansen says - FreightWaves
AI is here to stay. Do not miss the train or we maybe left behind.
Currently, the half-day express delivery service has been expanded to 20 cities such as Hangzhou, Shanghai, Chengdu, Guangzhou and Shenzhen across the country. - China Daily
BYD to begin producing EVs in Indonesia in 2026, local official says
BYD plans to hold a groundbreaking ceremony for a factory in Indonesia this July, a senior local official said. - CNEVPost
GDP growth, strong job market and sticky inflation are reasons for interest rate hikes. If decisions are made based on data, it is uncharacteristic to suggest any number of rate cuts. This would make sense if it is politically driven - to suggest such intent.
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from X user Robin Dhar
BYD launched the new Seagull EV Honor Edition (Dolphin Mini overseas) earlier this month with a “shocking price” starting at around $9,700 (69,800 yuan). - Electrek
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