Author: Daniel snow

Customers look at BYD electric cars at an auto show in Yantai, in eastern China’s Shandong province on April 10, 2025. Stringer | Afp | Getty ImagesBEIJING — Competition in China’s electric car market just got fiercer with consequences for the domestic economy and even the global auto market.Industry giant BYD last week announced a slew of discounts — some of nearly 30% or more — across several of its lower-end battery-only and hybrid models. The budget-friendly Seagull compact car saw its price drop to 55,800 yuan ($7,750).Other major Chinese automakers have begun following suit.”BYD’s action this time has made…

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Jensen Huang, co-founder and CEO of Nvidia, during the Computex conference in Taipei, Taiwan, on May 20, 2025.Annabelle Chih | Bloomberg | Getty ImagesNvidia shares jumped in premarket trading on Thursday after posting a positive set of earnings, sparking a rally in global semiconductor stocks.Shares of Nvidia were 5.22% higher at 05:06 a.m. ET after the company posted better-than-expected earnings and revenue on Wednesday, even as it took a hit from U.S. semiconductor export restrictions to China.Nvidia has been seen by investors as a bellwether for the broader semiconductor industry and artificial intelligence-related stocks, with its latest strong numbers sparking…

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