Chinese EVs: Nio reports Q2 losses, BYD sees record deliveries

Shares of Chinese EV maker NIO are tumbling this morning after reporting wider-than-expect second-quarter losses. At the same time, rival EV manufacturer BYD (BYDDY) sees surging profits and record delivery figures. Yahoo Finance Live examines the impact of the price wars becoming more apparent in China’s EV market. Video Transcript BRAD SMITH: We’re switching gears… Continue reading Chinese EVs: Nio reports Q2 losses, BYD sees record deliveries

BYD Powers Through China’s Auto Price War to Post Soaring Profit

(Bloomberg) — China’s top-selling auto brand withstood the price war raging in the country this year, with BYD Co. posting second-quarter profit that surged 145% and sending its shares climbing. Most Read from Bloomberg Net income more than doubled to 6.8 billion yuan ($930 million) after the company sold a record number of plug-in hybrid… Continue reading BYD Powers Through China’s Auto Price War to Post Soaring Profit

TONY STEWART, MATT HAGAN AND LEAH PRUETT GEAR UP FOR PRESTIGIOUS DODGE POWER BROKERS NHRA U.S. NATIONALS

INDIANAPOLIS, Aug. 29, 2023 /PRNewswire/ — There’s nothing like winning the Dodge Power Brokers NHRA U.S. Nationals, which stands alone as the pinnacle of drag racing. It’s a feeling Tony Stewart Racing’s Matt Hagan and Leah Pruett hope to enjoy at this weekend’s 69th annual spectacle at Lucas Oil Indianapolis Raceway Park, where it’s possible The… Continue reading TONY STEWART, MATT HAGAN AND LEAH PRUETT GEAR UP FOR PRESTIGIOUS DODGE POWER BROKERS NHRA U.S. NATIONALS

FirePoint Opens New Collaboration Facility Near Redstone Arsenal to Accelerate Army Aviation Innovation

Applied Innovation Center (AIC) Brings Together Emerging Technologies with the Army to Collaborate, Test & Deploy New Technology; Aerospace and Defense Industry Veteran Matthew Pfrommer Named Center Director HUNTSVILLE, Ala., Aug. 29, 2023 /PRNewswire/ — The FirePoint Innovations Center today marked the grand opening of its new Applied Innovation Center (AIC) in Huntsville, Alabama, a… Continue reading FirePoint Opens New Collaboration Facility Near Redstone Arsenal to Accelerate Army Aviation Innovation

Airport Sleeping Pods Market size to grow by USD 20.84 million from 2022 to 2027 | Benefits of Sleeping Pods to boost the market growth- Technavio

NEW YORK, Aug. 29, 2023 /PRNewswire/ — The airport sleeping pods market is expected to grow by USD 20.84 million from 2022 to 2027, progressing at a CAGR of 5.84% as per the latest Technavio market research report. Europe is going to have lucrative growth during the forecast period. About 37% of the market’s overall growth is expected to… Continue reading Airport Sleeping Pods Market size to grow by USD 20.84 million from 2022 to 2027 | Benefits of Sleeping Pods to boost the market growth- Technavio

China’s BYD H1 profit triples as deliveries break record

[1/2]Members of the press and the general public check out the Atto 3 electric SUV made by Chinese carmaker BYD, at the Fully Charged Live electric vehicle trade show in Farnborough, Britain, April 28, 2023. REUTERS/Nick Carey/File Photo Acquire Licensing Rights BEIJING, Aug 28 (Reuters) – China’s BYD Co Ltd (002594.SZ), on Monday said first-half… Continue reading China’s BYD H1 profit triples as deliveries break record

Horse and sports betting market to grow by USD 171.87 million from 2022 to 2027 | Increasing digital connectivity drives market growth – Technavio

NEW YORK, Aug. 29, 2023 /PRNewswire/ — The global horse and sports betting market size is estimated to increase by USD 171.87 million from 2022 to 2027. The market’s growth momentum will progress at a CAGR of 9.64%.  Continue Reading Technavio has announced its latest market research report titled Global Horse and Sports Betting Market Increasing digital connectivity… Continue reading Horse and sports betting market to grow by USD 171.87 million from 2022 to 2027 | Increasing digital connectivity drives market growth – Technavio

NorthStandard Chooses Clearwater Analytics for Investment Data Management

Adopts Clearwater within its Investment Operating Model Following the Merger of North P&I and The Standard Club BOISE, Idaho and LONDON, Aug. 29, 2023 /PRNewswire/ — Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that NorthStandard, one of the world’s preeminent marine insurers, has selected… Continue reading NorthStandard Chooses Clearwater Analytics for Investment Data Management

Chinese EV maker BYD’s H1 profit triples as deliveries break record

China’s BYD Co Ltd on Monday said first-half profit jumped 204.7% as the new energy vehicle maker broke its delivery record and retained its crown as China’s biggest-selling auto brand. Net earnings for the six months ending June 30 reached 10.95 billion yuan ($1.50 billion), up 204.7% from 3.6 billion yuan a year earlier, on… Continue reading Chinese EV maker BYD’s H1 profit triples as deliveries break record