Shares of China’s BYD surged over 6% after unveiling a new “Super e-Platform” technology that promises to charge electric vehicles quickly, achieving 400 kilometers of range in just 5 minutes. Chairman Wang Chuanfu aims to make charging as fast as refueling a gasoline car, leaving competitors in awe. Analyst Xing Lei praises BYD’s advancements as groundbreaking and a blow to foreign rivals, signaling the company’s continued focus on electrification.
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Bank of Japan keeps rates steady as Trump tariffs cast a shadow over economic outlook
Japan's central bank maintained its key policy rate at 0.5% in a unanimous vote, amidst concerns over the potential impact of President Donald Trump's trade policies. BOJ policymakers noted the economy has recovered moderately but highlighted uncertainties surrounding trade and wage-setting behavior. Analysts are divided on the timing of the next rate hike, with Governor Kazuo Ueda expressing worries about overseas economic developments. Full Article
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