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3 weeks ago | 
asiafinancial.com | BYD plant |Vishakha Saxena |Jim Pollard
Concern Grows Around Firing of Ethnic Chinese Scientist in US Wang Xiaofeng, a prominent cybersecurity researcher, was removed from Indiana University last week after the FBI raided his two homes in the state BYD Mexico Plant in Limbo as ‘China Fears EV Tech Leaking to US’ The Xi Jinping administration fears a plant in the country would give Mexico unrestricted access to BYD’s advanced technology and EV know-how, insiders claim BYD Shares Hit Record on Charging Tech Twice as Fast as Tesla The...
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4 weeks ago | 
asiafinancial.com | BYD plant |Jim Pollard
There was good and bad news on the global trade front from the White House on Wednesday. The bad news was that the US will now apply 25% tariffs on vehicles made by foreign carmakers who want to sell their autos in the United States. This was a direct blow that knocked billions off transport stocks across Asia and the rest of the world on Thursday.
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1 month ago | 
asiafinancial.com | BYD plant |Jim Pollard
A surge of investor support has boosted Xiaomi – the world’s third-biggest smartphone maker – and its ambitious move into the manufacturing of electric vehicles. Popular support saw a share sale by the Chinese company scaled up and resulted in the firm raising $5.5 billion. The company sold 800 million shares at HK$53.25 each, it said in a statement to the Hong Kong Stock Exchange on Tuesday.
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1 month ago | 
asiafinancial.com | BYD plant |Jim Pollard
China has urged some of the world’s top business people to help counter “rising instability and uncertainty”. At a global business gathering in Beijing on Sunday, Chinese Premier Li Qiang called for countries to open their markets, as the country braces for more US tariffs.
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1 month ago | 
asiafinancial.com | BYD plant |Jim Pollard
US President Donald Trump has denied a report that Elon Musk will be briefed about the US military’s top-secret plan for a possible war with China. The report, by The New York Times, said that Musk – the billionaire business mogul now overseeing the slashing of US government personnel and spending programmes deemed “wasteful” – was due to be briefed by the Pentagon on Friday morning about the plan for any war that could potentially break out with China.
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1 month ago | 
asiafinancial.com | BYD plant |Jim Pollard
The Modi government in India has decided to end a $23-billion incentives programme that aimed to lure manufacturers away from China. The four-year-old Production-Linked Initiative scheme aimed to raise the share of manufacturing in the economy to 25% by 2025 but failed to get near that mark because of slow payouts and excessive red tape. Participating firms only reached production goals in a small number of the 14 sectors targeted, according to four official sources who spoke to Reuters.
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1 month ago | 
asiafinancial.com | BYD plant |Jim Pollard
Stocks of South Korean and Japanese defence suppliers have shot up this year amid expectation that European nations will buy more military equipment from North Asia. Shares in Hanwha Aerospace, South Korea’s top artillery company, have soared by close to 130% over the past six months, while Japan’s largest defence contractor Mitsubishi Heavy Industries (MHI) has risen by 45.5% over the same period.
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1 month ago | 
asiafinancial.com | BYD plant |Jim Pollard
The Vietnamese government plans to ease foreign ownership limits on banks as part of moves to restructure the banking system. Some private banks will be able to have up to 49% foreign ownership – up from 30% – if they take over struggling financial institutions, it said. The government did not name any eligible banks in the statement posted on its website, but said the exemption did not apply to state-owned commercial banks.
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1 month ago | 
asiafinancial.com | BYD plant |Jim Pollard
There appear to be problems with President Donald Trump’s plan to revive US shipbuilding by imposing large fees on China-linked ships that carry cargo to American ports. Trump’s plan to charge Chinese vessels a fee of about $1.5 million is looking uncertain because exporters are struggling to find US-built or US-flagged ships to send goods abroad. And that is causing US coal inventories to swell and stoking uncertainty in the embattled agriculture market, according to a report by Reuters.
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1 month ago | 
cnevpost.com | BYD Mexico |BYD plant |BYD Global |Phate Zhang
Chinese authorities are concerned that Mexico would gain unrestricted access to BYD's advanced technology and know-how and may even possibly allow the US access to it, according to the Financial Times. Domestic automakers would need approval from China's Ministry of Commerce to produce overseas, which it has yet to grant.
