Elon Musk And Warren Buffett Just LAUNCHED Next-Gen Tesla Battery!

BYD, the Warren Buffett-backed Chinese electric carmaker, plans to supply Tesla with batteries "very soon," according to a senior executive at the company, according to a Chinese state-owned broadcaster. Wanna know more?

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BYD, backed by Warren Buffett, has recently surpassed Volkswagen as the world's third most valuable vehicle manufacturer, buoyed by the prospects of China's thriving NEV sector.

On Wednesday, shares of the Shenzhen, Guangdong province-based company closed up 3.98 percent. This increased its market capitalization to $142.7 billion, dwarfing Volkswagen's $101.6 billion.

BYD is the only Chinese automaker among the top ten most valuable peers globally, but it trails Elon Musk's Tesla and Toyota of Japan.

Tesla is the most valuable automaker, valued at $742.5 billion as of Wednesday, more than three times the value of Toyota, despite the fact that Toyota's shipments last year were more than ten times Tesla's.

According to analysts, BYD's growth demonstrates the potential of the global NEV sector, and the trend is even more visible in China, which has been the world's largest market for such vehicles since 2015.

Even in April, when China's car market hit a decade low, NEV sales increased 44.6 percent to nearly 300,000 units, according to the China Association of Automobile Manufacturers.

NEV deliveries in the country totaled 1.56 million in the first four months, up 110 percent from the same period last year. According to the CAAM, this accounted for 20% of total vehicle sales in China from January to April.

BYD, China's largest NEV manufacturer, ceased production of conventional gasoline-powered vehicles in March to focus on fully electric and hybrid vehicles.

It sold over 100,000 vehicles in April, up 136 percent year on year, becoming China's only major automaker to see monthly sales growth.

May saw 114,183 units delivered, a 152.8 percent increase over the same month last year.

Chinese NEV startups did well as well, with four companies delivering over 10,000 units in May. Three of them saw year-on-year sales more than double during the month.

They expect the trend to continue as they release new models.

Li Auto will unveil its second model, a full-sized SUV, later this month, and Nio will release three new models this year, including the ET7 sedan, which will compete with BMW's 7 Series.

Toyota began pre-sales of its first electric SUVs in China in late April, becoming the country's latest major international brand to enter the heated NEV race.

According to Huaxi Securities, as NEVs have become a viable alternative to gasoline-powered vehicles in China's major cities, there is great potential in the vast countryside as well.

According to the brokerage, vehicles sold in third-tier or smaller cities will account for 44 percent of total vehicle sales in China in 2021, but only 32 percent in the NEV segment.

Since June, 26 automakers have joined forces to promote NEVs in rural areas, offering over 70 electric models to buyers in rural areas.

Analyst Huang Xili of Soochow Securities expects the campaign to increase NEV sales by around 100,000 units this year, to 5.25 million units, up from 3.5 million in 2021.

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The world's richest man and Tesla CEO Elon Musk is once again in the news. This time the reason is his transgender daughter. It is reported that Elon Musk's daughter has filed a petition to change her name. In this petition, Elon Musk's daughter has said that - 'She no longer lives with her biological father and she does not want to have a relationship with her father in any way.

दुनिया के सबसे अमीर शख्स और टेस्ला के CEO Elon Musk एक बार फिर चर्चा में हैं। इस बार वजह उनकी ट्रांसजेंडर बेटी है। खबर है कि, एलन मस्क की बेटी (Xavier Alexander Musk) ने अपना नाम बदलने के लिए एक याचिका दायर की है। अपनी इस याचिका में एलन मस्क की बेटी ने कहा है कि - 'वो अब अपने बायलोजिकल पिता के साथ नहीं रहती और वो अपने पिता के साथ किसी भी तरह से संबंध जुड़ा नहीं रखना चाहती।

#ElonMusk #ElonMuskDaughter #XavierAlexanderMusk

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⁣Elon Musk on why he chose "Tesla" as company's name...

⁣Elon musk 9th child#elonmusk #shorts #facts #youtubeshorts #ytshorts

⁣Australian National Review Founder discuses “ how some,even in 2023 still believe in the Covid fraud “
Part 5



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⁣Australian National Review Chief Editor, Property Millionaire, and Co-Founder of 21st Century U answers the question “What's going to happen to the Bitcoin price particularly with the US Government trying to destroy it“?


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⁣EV Owners in Freezing Chicago Are Learning a Hard Lesson About ‘Green’ Technology

⁣Trump, for the first and only time, gives somber retelling of assassination attempt on his life: "I had God on my side. I'm not supposed to be here tonight."

⁣‘I think the vaccine is poison’: Tucker Carlson says refusing the Covid jab is one of his greatest achievements

“Whatever you think of how toxic it is, it clearly doesn't work. And so, why is this still on the schedule? And why doesn't anyone say that? I just feel like we're living in this moment where the most obvious things go totally ignored,” he said.

Where’s the lie?

⁣Jamie discusses with Dave Oneegs about the Great Debate Perth and the impeding medical disaster coming from the Covid vaccine- Part 2

⁣PART 1. Why relocating to Bali?

Recent interview with one of Indonesia's leading experts on why so many are investing in Bali property or choosing to relocate from the West. (THREAD)

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⁣Australia Claims Foreign Interference Holds an Opposing View to the Government

⁣PRESIDENT TRUMP:

“For the past 9 years, you and I fought side by side against the most sinister and corrupt forces on earth. And in our magnificent victory on November 5th, you showed them once and for all that this nation does NOT belong to THEM—this nation belongs to YOU.”

Source: https://t.me/LauraAbolichannel/66997

⁣Trump speaks with Putin - will we see peace finally in Ukraine ?

⁣Marina Bay City -A new city being born

CLASSIC CARTOONS

⁣WATCH: Klaus Schwab's hunger agenda and the switch to eating crickets continues to be carried out around the world.

More than 200,000 chickens and about 500,000 fresh eggs were destroyed in Argentina.

All because of an allegedly confirmed case of "bird flu".

✝ READ LINK ✝
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C. Douglas Golden
May 2023


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