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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How Senate Republicans want to change the tax breaks in Trump’s big bill
House and Senate Republicans are advancing differing tax cut proposals, particularly on state and local tax deductions and child tax credits, as they work to finalize a significant tax and spending bill. Key differences include the House’s temporary increase of the child tax credit to $2,500 and a higher SALT deduction cap of $40,000, while the Senate opts for a permanent $2,200 credit and retains the $10,000 SALT cap, with negotiations expected in the coming...
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