The Obtain: transport China’s EVs, and new greener magnets

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

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 world automotive commerce.

There’s rising urge for food for BYD’s automobiles abroad. In 2023, BYD exported over 240,000 autos, up from 55,000 in 2022. But it surely’s run right into a snag: to get essentially the most monetary profit from its exploding reputation overseas, it’s having to broaden past the automotive commerce into the transport enterprise. Learn the complete 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 observe on all issues taking place 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 seemingly have at the least one factor in frequent: they each depend on highly effective everlasting magnets to operate. However the supplies for these magnets might quickly be briefly provide. 

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