BYD overtakes Tesla: implications for global investors
Elon Musk’s Tesla, a trailblazer and industry leader in the electric vehicle industry, has been dethroned for the first time by Chinese manufacturer BYD as the top-selling EV manufacturer worldwide.  ,
A closer look at the broader implications for international investors ‘ involvement in China in 2024 is required in light of this change in dynamics, which is characterized by BYD recording higher sales than Tesla in the previous quarter.
Tesla’s quick ascent to fame in the EV industry has come to be associated with creativity, cutting-edge technology, and Elon Musk-like leadership.  ,
But, BYD’s new ascent to the top spot in EV sales gives the sector a fresh perspective. Although Tesla has been a leader, BYD’s success highlights the rising global demand for electric cars, particularly in China, the largest automarket in the world.
BYD’s success can be attributed to its proper focus on the EV industry, which makes use of its power engineering experience and a wide range of products, including electric cars and trucks in addition to passenger cars.
The company’s comprehensive strategy for electric freedom has been well received by both consumers and businesses, putting BYD at the top of the global EV business.
The growth of international buyers ‘ interest in China is one significant consequence of BYD’s surpassing of Tesla.  ,
A positive culture has been created for home businesses like BYD to prosper as a result of the Chinese government’s dedication to promoting the green market and its strong policy support for the EV industry.  ,
Buyers are likely to become more interested and confident in allocating funds to the Chinese market as they see the success of Taiwanese companies in the world market.
Beijing’s visible commitment to leading the world in electric vehicles is consistent with efforts to make the transition to environmentally friendly and sustainable transportation.  ,
Chinese automakers are extremely expanding their footprint in foreign markets, opening up new opportunities for investors looking to gain exposure to the rapidly expanding EV industry. The government’s influence in the sector is not limited to local consumption.
Additionally, BYD’s success features a larger trend in Chinas ‘ technical skills and its ability to compete with recognized international players. In addition to catching up to their American counterparts, Chinese businesses are even redefining market dynamics through innovation.
China’s status as a formidable power in research, development, and technology is challenged by this change, which also challenges the conventional view of the nation as an industrial hub.
The changing panorama of China’s EV market emphasizes the significance of growth for international buyers.  ,
Investors must carefully weigh the risks and benefits associated with allocating money to Chinese assets as the Chinese industry matures and presents compelling expense opportunities. While there is still a chance for high profits, it is crucial to comprehend the regulatory environment, market relationships, and company-specific factors.
It is apparent in my opinion that BYD’s overtaking Tesla as the best-selling electric vehicle manufacturer in the world signals a significant change in global automotive industry dynamics, which investors will notice.  ,
I think it will probably pique more people’s attention in funding Chinese property this year.
Nigel Green is the CEO and founder of the deVere  Group. @nigeljgreen on Twitter, follow him.
Who is the mysterious new AT writer ‘Han Feizi’?
We need to add some information to a recent Reddit thread that was started by one of the Asia Times readers who posted, uncommentingly, the link to an article by our newest contributor—a Beijing-based financial industry veteran by the pen name” Han Feizi,” titled” From low trust to high in China.”
Snake5k was the first to respond, recalling that” the exact same explanations as this guy Han Feizi” had been made by a” suspended” Twitter/X users using the handle Doggy_Dog1208.
Bransbrother came in second, claiming that” Han Feizi does no exist.” Is n’t this publisher just Doggy_Dog1208? a third audience, correct s230- sue internet, questioned.
Very good, yes, snake5k retorted.
In actuality, nobody these days uses the control Doggy_Dog1208 to publish on X. ( A badge of honor from Elon Musk’s enforcers? ) X claims that it was indeed suspended. However, there is currently a DoggyDog1208 bill that is effective and does not distinguish between Dog and Dog. Like the previous bill, DogDog1208 does discuss the exact topics that Han Feizi finds interesting in a similar manner.
However, the theories put forth by two Facebook participants that a Han-Doggy connection exists failed to stop bransbrother, who was obviously just getting warmed up, from jumping into speculative speculation. I apologize, but does anyone have any reason to be wary of this artist? Bransbrother enquired.
Bransbrother first suggested that Han might be a hanjian ( traitor to the Han Chinese state and/or Han ethnicity ), and then he came to that conclusion.
The likelihood is that this story was created by a strange Asia Times team writer, not just some hanjian Chinese person. According to legend, the writer’s name is Han Feizi. However, in the third century BCE, Han Fei ( or frequently also known by that name ) was a Chinese Legalist political philosopher. Another title for one of his Legalist texts is Han Feizi. One could argue that the writer is who he claims to be and that this is just a surname. But why would the artist initially require a false? None of the articles he has written—in terms of subject, politics, etc.—would have a bad financial, business, social, or personal impact on him. And the majority of people wo n’t realize that Han Feizi is the name of a historical figure from China because they are unaware of it and have no knowledge of Chinese history.
Bransbrother did n’t seem to find it ironic that he and the other Reddit debaters on the thread were also posting under aliases when discussing this. Asia Times, he continued, “probably is just your regular American big business and financial interests.”
” It is my contention that this Asia Times article is a fake article/news,” Bransbrother said. Additionally, the artist is a fraud.
That served as the signal for snake5k to dive up in:
This article seems quite non-Chinese, but the creator is obviously European because he makes numerous references to his own career. Han Feizi is undoubtedly a surname, and Asia Times is the only publication that uses it. The mask is peculiar, I agree, but it’s not always shady. TBH I’m not certain what his overall thesis is, other than the fact that, in general, the West undervalues China, which I concur with.
The thread’s most recent comment, from Tserrieddnich HuiGuo, asked:” After further discussion of the specific article in question:
But which is simpler, hiring these individuals or making them up on the spot? Maintaining several “personalities” may be necessary for that, which I believe is unlikely for anti-China propagandists given their general lack of intelligence.
a brief history
When Asia Times was first established as a newspaper printed paper based in Bangkok in 1995, it started dealing with similar problems right away. The Thai internet tycoon Sondhi Limthongkul owned the newspaper at the time.
Additionally, the editor in chief was Thai. An English-language publishing written and edited by and for Asians was required by the business unit.
Asians were the focus of the initial information staff’s recruitment efforts. Some replied.
However, there were also challenging situations, like Japan. Most seasoned, prestige-conscious Chinese journalists were reluctant to join an unnamed publishing with headquarters in a Third World Asian nation. The report hired me, then a senior of nearly 20 years as an Asia-based journalist, after several of them had declined offers to be Tokyo bureau chief.
Skeptics appeared to be eagerly anticipating for a mistake. A letter to the editor was sent by a purported Nepalese reader pointing out that” Bradley Martin is not an Asian” ( likely one of our Western rivals having some fun with the new competition ). I acknowledged the fact in a tongue-in-cheek op-ed element in response, but added that I intended to fix the issue surgically.
( Since then, if I may stray for a moment, such issues have become so tense in some places that humor is less effective at defending. ) My personal roots are in white Southern British, and the protagonist of my book is half Korean American. A Hong Kong artistic agent declined to symbolize me, saying that the publishing sectors in New York and London had image if I appropriated the Asian side of the main character’s culture.
Returning to the goal of this article, which is to add information to a debate on the Reddit thread, let’s think about Bransbrothers ‘ try to categorize Asia Times as one of” standard Western large business and financial pursuits.”
The original Asia Times did n’t do well financially with print. Soon, the papers was just online. Over the years since the writer’s establishment, ownership has also changed. However, despite all the changes, Asian, or more specifically Chinese in the present, continues to be Asia Times ‘ largest shareholder, just as it was back then.
The use of nicknames among our artists has been uncommon. The author of” The Decline of the West” was channeled ironically by David P. Goldman in the most notable instance when he wrote a column under the pen name Spengler. ( Asia Times has never been particularly positive about the future of the West. )
In a 2009 paragraph, Spengler revealed his true identity and explained why he had felt the need to go undercover.
Around 1999, I began penning a column called ROAH ( short for Really Old Asia Hand ) in which I channeled the long-missing Thai silk king Jim Thompson ( speaking of stories concocted “out of whole cloth” ). My arrogance was that after Rip van Winkle left, former OSS detective Thompson had returned as a centenarian. Since his mysterious departure in Malaysia’s Cameron Highlands in 1967, ROAH was prone to awe at the modifications that had occurred in the area.
In the early days of digital publishing, the man who was publishing Asia Times at the time did n’t like my column. Since I was n’t a fan of his, there was some balance there. ( Have I mentioned that he and his wife, Sondhi, a close friend of the owner of Asia Times at the time, had converted some space in the newsroom into an infant nursery? ) Please do n’t start me. )
The publication ordered the column to be spiked as I sat across from him at his office in Bangkok. As the handling editor, I told him bluntly but honestly that he was a businessman and therefore unqualified to pass for an editorial judgment. The editor immediately fired me because I was as easily triggered as Donald Trump in the TV Assistant time.
That self-employed editor did n’t last for very long, and now, years later, I’m back at Asia Times. Recently, I’ve considered bringing the Actually Old Asia Hand again for his own ovation as well. It’s doubtful, but perhaps not completely impossible, that Jim Thompson just drank a elixir and dozed off in the mountains like the fictional Washington Irving character while avoiding being eaten by tigers or killed by Communist guerrillas. If so, and if he’s still alive, ROAH is getting close to turning 118 right then.
Asia Times users who are fans of channeled older men are in luck on two works, though, even if bringing Thompson up turns out to be nothing more than a desire. 1 ) Spengler also favors us with the odd release. And now 2 ) we’re gratefully getting the sporadic gift from Han Feizi.
Han has n’t spoken to me, and I’m not sure of his real identity, but he goes into great detail about life in the Chinese diaspora in his columns. Han has revealed his true identity to a few different senior editors of the Asia Times, and they claim he is of Chinese ancestry. That, in my opinion, dispels any concerns about social appropriation.
Han is not using that handle as his Asia Timesbyline if he is DoggyDog1208, which I would n’t be at all surprised to learn is the same.
In fact, some critics may come to the conclusion that pen-naming yourself after a black singer is grounds for bringing charges of first-degree cultural appropriation if he were to sign off that way on our home page ( even just for lack of something better to accomplish ).
Since the globe was able to wait years for Spengler to address the issue in his own situation, I suppose we can wait at least that much for Han to explain why a surname is necessary.
Let me extend a warm welcome to our new contributor to the very exclusive ( three member ) Channelers ‘ Club of Asia Times writers. I may whisper the password, but I must keep the secret hand a secret. ” So’s your old man,” it says.
Bradley K. Martin works as an associate director for Asia Times.
Hundreds cut off after Japan quake that killed 78
NANAO, Japan: Three days after a devastating earthquake left at least 78 people dead, more than 50 people were reported missing on Thursday ( Jan 4 ) as Japanese rescuers struggled to reach hundreds who were still cut off from assistance. More than a few communities in central Japan, whereContinue Reading
Condominium security guard pocketed Louis Vuitton wallet dropped by resident, gets jail
SINGAPORE: A security guard pocketed the valuables rather than giving them back to their rightful owner when a bystander picked up and handed the resident’s dropped wallet, which contained S$ 500 ( US$ 376 ).
A 56-year-old Malaysian man named Murugaiya was given a three-week prison term on Wednesday, January 3, for his crime.
He admitted guilt to one matter of rude theft, a criminal breach of trust.
According to the court, the victim, a 46-year-old guy, dropped his bag and tips on August 27 of last year at the entrance to The Alcove Condominium, where he resided.
According to court documents, the bag was a dark Louis Vuitton pocket valued at S$ 1,800.
A bystander happened to pick up the wallet and locks days after the victim left and picked them up.
Murugaiya, who was manning the surveillance table at the property, received the budget from the bystander right away. It contained at least S$ 500.
Murugaiya, however, kept the funds and pocket and brought them home with him.
The sufferer met with Murugaiya and his supervisor the following day to discuss his misplaced budget.
Murugaiya later acknowledged taking the wallet and signed a document stating that it was with him along with his supervisor.
On August 29, 2023, the victim received his locks back, but only a day later, he got his pocket, which was missing S$ 490.
There was only S$ 10 left in the budget, and it was never retrieved.
Murugaiya did not offer any compensation.
After the survivor reported it to the police, Murugaiya was detained and arrested in December 2023.
Given Murugaiya’s lack of prior convictions, the attorney asked for at least four weeks in jail.
But, she claimed that Murugaiya, a security official tasked with ensuring the safety of the premises, house, and unit residents, had been given “high quality and level of confidence.”
According to Deputy Public Prosecutor Ashley Poh, any condominium resident who gives a missing item back to the accused may have great faith that the item would be returned to its rightful owner properly.
She continued by saying that the victim did n’t receive the wallet back until after speaking with Murugaiya and his boss.
According to Ms. Poh,” the full value of the item misappropriated in the first place, before the accused was confronted, amounted to at least S$ 2, 300 in worth.”
Murugaiya could have been imprisoned for up to seven times, fined, or both for a criminal breach of trust caused by deceptive theft.
Commuter seen trying to pull open MRT doors to plead guilty to charges
SINGAPORE: A district court heard on Thursday ( Jan 4 ) that a commuter who was observed repeatedly attempting to open train doors intends to plead guilty.
The scenario of 47-year-old Singaporean Vanessa Wang Zi Qi, who is listed as a man in demand sheets, was heard once more on Thursday night.
Wang is accused of trying to draw open the doors at Braddell, Ang Mo Kio, and Yio Chu Kang MRT facilities in November and December, as well as kicking a man in the foot at the depot. Wang also faces four costs.
Wang responded through his attorney Mr. Jared Lee that he would be entering a guilty plea when asked to provide an inkling of his plea. Wang was scheduled to enter a guilty plea by the court on Friday.
An offender who is found guilty of public nuisance may spend up to three months in prison, receive a fine of S$ 2, 000 ( US$ 1, 500 ), or both.
A three-year prison sentence, a fine of up to S$ 5,000, or both are the penalties for intentionally hurting someone.
Chinese provinces warn of thick fog, dozens of Shanghai flights delayed
China: On January 4, a number of Chinese provinces experienced exceptionally heavy fog, which caused dangerously low visibility, closed highways, delayed flights out of Shanghai, and prompted weather forecasters to issue numerous warnings and advisories. According to China’s National Meteorological Centre, some areas of southern Jiangsu and southeastern Anhui hadContinue Reading
Japan Airlines pilots ‘unaware of fire’ at first
There were eight disaster exits, but due to the fire, the departure started from two presentations at the front of the plane.
The telephone system was broken, so the cockpit may not offer the go-ahead, but there was only one other exit on the back left that was safe from the fire, according to JAL.
The personnel in the rear decided it was time for the passengers to exit the vehicle and opened it as they were instructed to do.
They instructed the people using megaphones and their own tones.
The entire aircraft had to be evacuated in 18 minutes, with the pilot arriving on the tarmac last at 6.05 p.m. ( Singapore time ).
Numerous fire vehicles attempted to put out the flames as the whole aircraft quickly turned into an inferno. That procedure ended up requiring eight days.
” The windows were not opening, and there was a smokey smell in the air. Therefore, I believe all worried,” a lady told reporters at the airport.
Sincerely, I believed we would n’t make it. Another lady told broadcaster NHK,” So I texted my family and friends to suggest that my helicopter is burning right now.
According to Terence Fan, an expert in the airline industry from Singapore Management University, passengers “followed instructions in a text fashion,” and others praised passengers for leaving their cabin bags behind.
The aircraft itself is not intended to endure the blaze, so removal policies are specifically designed for this.
According to the airport, at least one pet dog and one rabbit had to be left on the aircraft and perished.
China unveils new images of its next-generation aircraft carrier
China: New photos of China’s most cutting-edge aircraft carrier, including next-generation start tracks that you start a wider variety of plane from its deck, were released by the Chinese state media.
The Fujian was entirely designed and constructed internally when it was first displayed to the people in June 2022.
The plane ship is larger and technologically more advanced than the Shandong, commissioned in 2019, and the Targets, which China purchased used from Ukraine in 1998 and internally refitted. It has yet to perform its primary sea trials.
The Fujian was seen being towed by a smaller ship on state television late on Tuesday ( Jan 2 ), with all three tracks of its electro-magnetic catapult system visible on its deck.
State television quoted a Chinese official as saying,” In the new year, we will capture every minute, work with dedication, and seek for combat readiness as soon as possible.”
Ramp up maritime security, ex-Japan diplomat warns
As global politics become more intense, especially in Asia and the South China Sea, the leader of the Foreign Policy Institute Japan has suggested that Thailand enhance its coastal protection.
Former Chinese diplomat Kunihiko Miyake just paid a visit to the Japanese embassy in Thailand.
Mr. Miyake also discussed how the shifting political position has been affecting Asia and Thailand in particular with the Bangkok Post on this occasion. On the outside of an occasion titled” Geography of Asia: Japanese Perspective,” he conducted the interview.
Mr. Miyake pushed for more cooperation between the two nations. He claimed that Thailand is regarded as a strategic place with strong ties to its neighbors.
Due to the Gulf of Thailand’s presence in the South China Sea, he claimed that the main danger may be nautical in nature.
Because it is one of the key locations for shipping products to other countries and is significantly more cost-effective and less expensive than trains, the Gulf of Thailand is regarded as among Thailand’s sources of wealth and safety.
If Thailand is still a thriving commercial nation, you will need sea-based communication to the north part of East Asia, the Gulf of Thailand, Europe, and other locations to obtain more energy. This is Thailand’s politics, he claimed.
Mr. Miyake continued by stating that Thailand is more geographically diversified but does not have hostile relations with any of its neighbors, whereas Japan is an island nation and, as a result, is greatly dependent on maritime trade.
The South China Sea continues to be a possible risk in the event of any disagreement with China, despite the fact that China is somewhat geographically removed.
The water sections are what they want to handle. According to Mr. Miyake, they want to overthrow the powerful US naval hegemony in this region.
Similar to the Vietnamese, Thailand has been greatly reliant on water, but they have different issues with the Chinese. The Philippines are also in the same situation. This is why Thailand is necessary because, in my opinion, it is a very valuable jewel in the Asean region. He continued,” You are a great status quo power, and you want it to stay this way as an independent, democratic country.
Additionally, he advised Thailand to maintain its close ties with the United States. He claimed that the US is eager to safeguard and advance Thailand’s pursuits.
Japan’s perspective
According to him, Japan and the US have mutually beneficial relationships. Because the US has outposts in Okinawa close to Taiwan, making Japan carefully valuable, he noted, Washington needs Japan to assist in deterring China.
Therefore, they require us, and we require them. However, since 1945, we have primarily needed one another. Because we support one another, we continue to use America in a great impression, and they do the same for us.
We want to maintain either our current standing or that of the status quo. But let’s maintain the status quo and use Americans to protect us. To the best of my knowledge, Thailand is also a status quo authority, and they [the US] are never making any changes in Thailand, according to Mr. Miyake.
Thailand is at the center of this region, but the rest of Asean is depending on you, the US wants to stabilize it, he continued.
He responded that Japan is not a great military power and that it wo n’t be one again when asked how Japan and Thailand could improve their maritime communications and assist Thailand in navigating its way through an era of intense geopolitical change.
However, he pointed out that the nation also needs to stabilize its maritime provinces with like-minded nations.
The best thing we can do is assist like-minded countries in supplying maritime law enforcement tools, training, or assistance, such as beach watch skills.
” For this reason, we have been helping Vietnam and the Philippines. However, if you have a military or beach guard, we can help you out greatly. I believe we just installed a detector system in the Philippines.
Thailand must use this kind of mechanism to create its own defenses even if it is not viewed as a form of military power. It is still very defense identification radar to spot potential threats. Therefore, in order to protect your waters, you probably need more ships with a more qualified coast guard crew. That is one illustration, he said.
world ideas
Additionally, he suggested that Thailand’s intellectuals, including journalists, may embrace a variety of world perspectives rather than concentrating primarily on one area.
” Japan is not just Japan- China, Japan, and the US.” We have ideas and passions on a global scale. As a result, we began with Asean in the 1970s and then traveled to the Middle East to learn difficult classes.
” We are currently picking up a bit from Europe.” Therefore, those three regions are no distinct from one another. Sadly, whether you like it or not. Thailand and those regions are not separated both.
I believe that you can advance your national interest in this region of the world, not only in Asean but also in East Asia, the Indo-Pacific, Europe, and the Middle East, if you contribute to those [areas ] intellectually, in a sort of strategic thinking.
” I want Thai scholars to rethink Thailand’s passions in that context after having a broader and more global proper perspective.” Not in the framework of the Indochina island or Asean. That is the best way to maximize Thailand’s regional attention, he continued.
High-end DUV ban: China’s damage coming into focus
Following the Netherlands ‘ tightening of export regulations, China’s options for immersion deep- ultraviolet ( DUV) lithography systems that it can purchase from ASML have become more limited.  ,
According to a recent statement from ASML, the French government has largely revoked its authorization for the delivery of the NXT: 2050i and Nxt: 2100i printing systems to China starting this year.
In China, there is some hopeful thinking on screen. Numerous island news websites reported on Wednesday that ASML had” entirely” shipped all high-end Detector printing equipment to China by the January 1 date. They cited a report that was released on Tuesday by the pro-Beijing Chinese paper China Times.  ,
However, the pre-scheduled supplies of ASML’s DUV devices had just “basically” been finished by the end of 2023, according to the classic China Times report.
It turns out that there is a huge difference between fully and basically coud.
ASML has not yet delivered goods for about 35 billion dollars ( US$ 38.2 billion ) worldwide, according to Shen Bo, chairman of the organization in China. Many of those commands, he claimed, were from China.
The company announced in June that all shipments of its most sophisticated soaking Detector printing systems, the NXT: 2000i, and later immersion systems may require import licenses from the French government. Actually, the new regulations were supposed to go into effect on September 1st, 2023, but that date was later changed to January 1, 2024.
ASML did not disclose whether its import permit for the package of NXT: 2000i printing has been revoked in its most recent declaration.  ,
However, if it is also revoked, just the NXT: 1980 series immersion DUV machine—which can produce up to 7nm chips in various exposures and 38 nanometers in solitary exposure—can be bought by Chinese customers.  ,
impacted delivery
According to Bloomberg, the Biden administration contacted ASML “weeks before” the January 1, 2024 trade restrictions date and asked the company to stop some pre-scheduled shipments of its DUV equipment to its Foreign clients.  ,
According to the review, only a small number of machine ships were impacted.
Since its initial sale to the nation in 1988, ShenBo claimed in November that his firm had shipped 1400 printing, testing, and detecting machines to China. He omitted to break down the number.
Caijing.com reported next November that there were fewer than five ASML networks in China that were as sophisticated as NXT: 2000i, according to an unnamed expert in the chip-making sector. According to the report, there should be fewer than 80 Series: 1980Di in China as a whole.  ,
According to a report published in November, top investment manager at Huayi Ventures Fang Liang claimed that the US, the Netherlands, and Japan were limiting the export of their printing equipment to China as well as their components, raw materials, essential process parameters, manufacturing environment facilities.
He claimed that sending front-line specialists had also been constrained and that many Chinese chipmakers were having trouble finding printing parts.
NXT:1980Di
China provided ASML with about 2.92 billion dollars in profit in 2022. The amount increased to 5.28 billion dollars in the first three rooms of 2023.  ,
According to some experts, China’s plan to buy more NXT: 1980Di was the reason for the rise in supplies there in 2023. However, some observers speculated that NXT: 1980Di shipments from the Netherlands to China might eventually be outlawed. In addition,  ,
The Bureau of Industry and Security ( BIS ) of the US Department of Commerce announced on October 17, 2023, that lithography equipment with a maximum “dedicated chuck overlay (DCO )” value of 1.5 to 2.4 nm cannot be shipped from the United States to China.
The DCO price is a measure of the effectiveness of scanning. Accuracy increases with price decreases.
As a result of the new regulations, the BIS has prohibited the shipment of ASML’s 2000Di and 1970Ci, which have maximum DCO principles of 1.6 and 2nm, both, from the US to China. There has n’t been any indication yet that the Dutch government will do the same.
ASML announced on Monday that it has learned more about the scope and effects of US export control laws from subsequent conversations with the US government.
It stated that it is completely committed to abiding by all applicable laws and regulations, including trade control policy, in the nations where it conducts business.
Read: The tech wars’ following entrance will be chip packaging.
At , @jeffpao3 is Jeff Pao’s Twitter account.