Chinese automaker BYD reported annual revenue of 777 billion yuan ($107 billion) for 2024, surpassing U.S. rival Tesla, with a 29% increase driven by hybrid vehicle sales. Chairman Wang Chuanfu highlighted BYD’s achievement of producing 10 million new energy vehicles, positioning the company as a global industry leader. BYD also unveiled a new battery technology that promises quick EV charging, potentially revolutionizing the electric vehicle market with 400km range in just five minutes of charging.
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WeightWatchers files for bankruptcy protection to eliminate debt burden
WeightWatchers Files for Chapter 11 BankruptcyWeightWatchers has filed for Chapter 11 bankruptcy protection to eliminate $1.15 billion in debt and pivot towards telehealth services, with support from nearly 75% of its debt holders. The company, which recently ventured into prescription weight-loss drugs through its acquisition of Sequence, reported a 10% revenue decline in Q1 but a 57% increase in clinical subscription revenue. Interim CEO Tara Comonte emphasized the commitment to holistic health solutions as shares...
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