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Daily Archive: December 8, 2022
BYD becomes 3rd largest shareholder of local lithium supplier
BYD has made a strategic investment of RMB 2 billion in Chengxin Lithium, acquiring a 5.11 percent stake.
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Bank of America says 2 global chip stocks could rise by 75% on EV car sales
The Wall Street bank said a shortage of semiconductors during a boom in electric vehicle sales could help raise profits at a handful of chip makers.
Tesla China exec Tom Zhu to succeed Elon Musk as EV maker’s global CEO, report says
Zhu's CEO role will be global, but his responsibilities will likely be limited to Tesla's automotive business and not include its self-driving and robotics programs, the report said, citing different sources.
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