On June 16th, Jin10 Data reported that recently, BYD officially launched its new generation of mainstream transportation vehicle, BYD SEAGULL, in Ecuador. Currently, BYD has introduced multiple new energy vehicle models in Ecuador, including Han EV, Yuan PLUS, Dolphin, and Tang EV. Up to now, BYD has established 5 sales outlets in the passenger vehicle market in Ecuador, and plans to expand the sales network to 10 outlets by 2024.

Golden Ten Data on April 30, Indonesian industrial park developer Suryacipta Swadaya issued a statement on April 30 saying that BYD has selected the industrial park "Subang Smart City" (SubangSmartpolitan) as an electric vehicle factory site, covering an area of more than 108 hectares, making BYD the largest tenant in the park. BYD plans to build a comprehensive EV ecosystem in the "Subang Smart City", including an R&D center and training facilities equipped with the latest energy-saving and environmentally friendly technologies, the statement said. Suryacipta Swadaya said the land handover will take place in August this year. BYD plans to carry out construction in phases and is expected to be put into operation in January 2026.

On April 29, Morgan Stanley issued a report saying that according to Xiaomi, the company will cancel the new user subsidy of 8,000 to 14,000 coin yuan per car from May 1. This will effectively increase the retail price of the SU7 from 215,900 to 299,900 yuan in RMB coins to 223,900 to 307,900 yuan in RMB coins. The bank believes that this price increase will have a positive impact on the profit margin of Xiaomi's electric vehicles and enhance the brand value. Amid the fierce competition in the EV market on the mainland, most long of their peers are actively reducing prices to gain market share. In contrast, Xiaomi is increasing its average selling price, while its backlog is also more long than its long peers. Da Mo pointed out that if Xiaomi's differentiated pricing strategy can be sustained, it will create brand value and enjoy a premium premium for high-end products. The bank gave Xiaomi a target price of HK$20 and an "overweight" rating.

According to the Financial Times, Indonesia's sovereign wealth fund plans to invest up to longing $1 billion this year, making green energy one of its priorities. The country aims to become the epicenter of the energy transition with its vast nickel reserves. Eddie Povanto, chief financial officer of the Indonesian Investment Authority (INA), said the agency is negotiating potential investments in the EV ecosystem and geothermal energy, and is financing the early retirement of coal-fired power plants. He said the fund has invested $2.1 billion since its inception in 2021 and plans to invest between $500 million and $1 billion across all sectors this year. "Indonesia has the potential to become a regional or even global champion in the green economy of the future," he said. In addition to having the world's largest reserves of raw materials such as nickel, a metal used in batteries, Indonesia could also become a hub for electric vehicle production and carbon coins, he said. "We have been working with a number of strategic battery and electric vehicle companies, both within Indonesia and throughout Southeast Asia, to find investment opportunities. ”

PANews reported on February 28 that according to Bloomberg, citing people familiar with the matter, Apple will abandon a 10-year electric vehicle manufacturing plan. Apple disclosed the news internally on Tuesday, surprising the nearly 2,000 employees involved in the project, people familiar with the matter said. It is reported that Jeff Williams, chief operating officer, and Kevin Lynch, vice president in charge of this work, jointly made the decision. The duo informed employees that the project would begin to be tapered and that Long of the automotive manufacturing team would be transferred to an artificial intelligence department led by executive John Giannandrea. These employees will focus on generative AI projects, which is an increasingly important priority for the company. At the same time, the Apple Car team also has hundreds of hardware engineers and car designers. It is also possible for them to apply for jobs on other teams. The company will lay off employees, but it is not yet clear how many people will be laid off.

According to Jaran Mellerud, founder and analyst at MinerMetrics, BTC mining giants Marathon Digital and Riot Platforms are among the most overvalued crypto mining companies compared to their competitors. The key metric that supports Jaran Mellerud's claim is the company's value-to-sales ratio, and the higher the ratio, the more overvalued the company is. According to a Nov. 3 report by Mellerud, the miners with the highest EV/S ratios are Cipher 7.8, Marathon and Iris Energy at 5.6 each, and Riot at 5.5. Mellerud believes that Marathon Digital's high EV/S ratio is due to the increased attention it has received from institutions such as BlackRock.

According to Bloomberg on October 23, Vijay Shekhar Sharma, founder of Indian mobile payment platform Paytm, announced the launch of the investment fund "VSS Investments Fund" with a total size of 300 million (about 26.43 million yuan) rupees. The fund is sponsored by VSS Investco, an entity owned and controlled by Sharma. Other outside investors will also participate in the fund and will be actively managed by professional investment managers. The new fund will invest in AI and electric vehicle (EV)-related start-ups that are incubated in India and specialize in serving Indian consumers and businesses.

According to a report by Science and Technology Innovation Board Daily on September 11, Inceptive, a start-up company that uses artificial intelligence for the development of mRNA vaccines, recently announced the completion of a US$100 million Series A financing to enhance its artificial intelligence platform and molecular design capabilities. Investors include a16zBio+Health (from top venture firm a16z), NVentures (the venture capital arm of NVIDIA), Obvious Ventures (founded by Twitter co-founder Ev Williams), S32 (the founder was the founder and former chief executive of Google Ventures executive officer). The company’s founder is Jakob Uszkoreit, a former Google Brain scientist and one of the eight creators of Transformer.

According to a report by Science and Technology Innovation Board Daily on September 11, Inceptive, a start-up company that uses artificial intelligence for the development of mRNA vaccines, recently announced the completion of a US$100 million Series A financing to enhance its artificial intelligence platform and molecular design capabilities. Investors include a16zBio+Health (from top venture firm a16z), NVentures (the venture capital arm of NVIDIA), Obvious Ventures (founded by Twitter co-founder Ev Williams), S32 (the founder was the founder and former chief executive of Google Ventures executive officer). The company’s founder is Jakob Uszkoreit, a former Google Brain scientist and one of the eight creators of Transformer.

Tesla Didn't Sell Bitcoin, EV Giant Holds Hold as Bitcoin Rallyes to $30,000 Tesla has released its much-anticipated second-quarter 2023 earnings report, which showed no signs of bitcoin moves from the electric car giant last quarter. The report shows that despite the current macroeconomic environment, the company's quarterly production and deliveries hit record highs, with single-quarter revenue approaching $25 billion. An important aspect of the report is the section of Tesla’s balance sheet, which shows the company’s holdings of digital assets, specifically Bitcoin (BTC). As of June 30, 2023, Tesla held digital assets of $184 million, flat from the previous quarter. Tesla's decision to keep its bitcoin holdings is significant, as it shows the company's confidence in the digital asset's long-term potential. This is in line with Elon Musk's previous statements about bitcoin and other cryptocurrencies, in which he expressed support for the underlying technology and its potential to transform the financial industry. Bitcoin BTC, the largest cryptocurrency by market capitalization and trading volume, has now breached the $30,000 mark, recovering from Tuesday's sharp drop to $29,996. Despite hitting a new yearly high of $31,800 on July 13, Bitcoin’s bullish momentum suddenly dissipated, resulting in a more than 1.6% retracement over the past 14 days. However, the cryptocurrency is still up 12% in 30 days. If BTC price falls further and fails to consolidate above the $30,000 mark, Bitcoin will have the advantage of the 50-day moving average, which can act as a strong support level at $29,100. However, sudden price swings have become more common in recent months as the crypto winter thaws. Typically, when Bitcoin experiences a price drop, a period of consolidation ensues. As long as BTC does not fall below the 50-day and 200-day moving averages, it can be seen as a short-term victory for Bitcoin bulls who have experienced a new round of selling pressure. It remains to be seen whether Bitcoin's recent support level can hold and prevent another attempt at lower. (Data source: Ronaldo Marquez)