China’s BYD expects sales bump, Xiaomi recalls more than 100,000 SU7s: 7 EV reads
From Hong Kong’s first potential electric car manufacturing plant to BYD eyeing a sales boost, here are seven EV stories you may have missed
1. Warren Buffett exits BYD amid China’s cutthroat EV market
Berkshire Hathaway, the investment firm controlled by US billionaire investor Warren Buffett, has liquidated its holdings in Chinese electric vehicle (EV) maker BYD, closing out a 17-year investment run that generated a more than 30-fold increase for the leading investment conglomerate.
2. Xiaomi recalls nearly 117,000 SU7s after fatal crash in China
Chinese EV manufacturer Xiaomi is recalling more than one-third of its cars owing to flaws in its driver-assistance software, following a fatal accident involving one of its SU7 sedans about six months ago.
3. World’s first methanol dual-fuel car carrier vessel visits Hong Kong
The world’s first methanol dual-fuel-powered car carrier vessel has visited Hong Kong on its maiden voyage to Europe, as the city moves towards becoming a green maritime fuel bunkering centre.