Earlier this month, an enormous ship picked up over 5,000 electrical vehicles from two ports in northern and southern China. 5 days later, it handed by Singapore, and it’s now headed for India. Nevertheless, its remaining vacation spot is in Europe, the place a lot of the vehicles shall be offered. 

The ship’s title is BYD Explorer No.1. As the primary of an enormous fleet that BYD is constructing, it displays the Chinese language firm’s ambition to determine a seafaring enterprise that helps its new function within the international automobile commerce.

There’s rising urge for food for BYD’s vehicles abroad. In 2023, BYD exported over 240,000 automobiles, up from 55,000 in 2022. However it’s run right into a snag: to get probably the most monetary profit from its exploding recognition overseas, it’s having to broaden past the automobile commerce into the transport enterprise. Learn the total story.

—Zeyi Yang

To learn extra about BYD’s transport ambitions, take a look at the newest version of China Report, our weekly e-newsletter supplying you with the within monitor on all issues occurring in China. Join to obtain it in your inbox each Tuesday.

How new magnets might speed up local weather motion

The motor in your vacuum cleaner and the one in your electrical car probably have at the least one factor in frequent: they each depend on highly effective everlasting magnets to perform. However the supplies for these magnets might quickly be briefly provide.