Etiqueta: News

Berkshire Hathaway exits longtime stake in Chinese EV maker BYD, ending 17 years of Buffett backing amid shrinking profits and rising competition.

Big news from Papenburg, Germany

Paolo Ardoino, the CEO of stablecoin issuing company Tether (CRYPTO: USDT), revealed on Sunday that major automobile companies have begun accepting USDT payments in Bolivia.

Over the weekend, BYD announced on a RedNote livestream that the U9 Xtreme version has now broken the overall production car top speed record, clocking in at 496.22 km/h (308.37 mph). The car had just set the EV top speed record of 472.41 km/h a few weeks ago.  In addition, in its first test at the Nürburgring, it set the EV lap record at 6:59.157. BYD also implied that the top speed was limited by the 500 km/h-rated tires, as the car was still accelerating at the recorded speed. And the lap time was also just the start, with the car electronically limited to 350 km/h.

The company's exports more than doubled in the first six months of this year.

Berkshire Hathaway has completed exited its extremely profitable equity investment in the Chinese electric vehicle maker BYD.

Chinese automaker BYD has revealed the Yangwang U9 Xtreme, clocking a record 308.4 mph and claiming the title of the world’s fastest production car.

Tesla vs. BYD – The Ultimate 2025 EV Stock Showdown 🚀🔋 - Tech Space 2.0

Housed in a standard 20-foot container, the battery delivers 10 MWh and reaches a volumetric energy density of 233 kWh per cubic meter, about 51 percent higher than the market average.