Analysis
Yields at the longer end of China’s bond market have been crunched to record lows by the weight of available money.
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People
The move comes amid a global downsizing by the firm and a downturn in China’s markets.
Policy & Regulations
The stricter measures come amid a regulatory tightening across China’s financial sector.
BYD will use Nvidia’s next generation of in-vehicle chips, called Drive Thor.
Deals
The stake was worth around 836 million euros ($910 million) on Monday.
Longi’s website says the company had 60,601 employees as of April 2023.
He will be replaced by the unit’s current CFO, Yan Xiaolei.
The move will add momentum to Japan’s efforts to reboot its semiconductor industry.
Automation and tech advancement have become an industry priority.
Models of the brand will be priced between $14,000-21,000.