Tech

Headache for Musk and Tesla as Chinese EV slashes prices

Published

6 months ago

March 5, 2024

Ahron Young

China’s leading electric vehicle (EV) manufacturer BYD has unveiled a new version of its best-selling car at a price lower than its predecessor.

It signals a fierce price battle in the world’s largest automobile market.

In a bid to maintain its competitive edge, BYD has slashed prices for several models, following similar moves by rivals.

The price change represents a significant 12% reduction compared to the final sales price of its predecessor.

Analysts suggest that BYD’s aggressive pricing strategy aims not only to capture a larger share of the domestic market but also to enhance profitability through increased exports.

As competition intensifies and consumer preferences evolve, manufacturers like BYD are strategically adjusting their pricing strategies to remain competitive and sustain growth both at home and abroad.

News

Apple’s iPhone 16 event puts AI back into the spotlight

Published

2 days ago

September 10, 2024

ticker NEWS

Apple has unveiled its long-awaited artificial intelligence-boosted iPhone 16 and promised improvements in its Siri personal assistant.

Apple CEO Tim Cook emphasised the company’s commitment to innovation, aiming to redefine the future of consumer technology with seamless AI integration. #featured #trending #hotshots #hot shots

Leaders

Elon Musk is projected to become the world’s first trillionaire

Published

3 days ago

September 9, 2024

ticker NEWS

Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

Leaders

Brazil bans X in a sign of politics and tech colliding

Published

1 week ago

September 2, 2024

ticker NEWS

Brazil top court justices to vote on a total ban of Elon Musk’s X social media platform in the region.

X was taken down in Brazil, one of its largest markets, following a decision by Justice Alexandre de Moraes, who has been locked in a months-long feud with Elon Musk. #featured #trending