Tesla CEO Elon Musk stated his belief that Chinese electric vehicle (EV) manufacturers such as BYD would crush global competitors unless trade barriers were erected. BYD is a Chinese automaker backed by famous investor Warren Buffett. The firm dominated the Chinese market and surpassed Tesla in global sales. BYD has now set its sights on Europe with a manufacturing plant slated to open in Hungary in late 2024.
Tag: competition
$29 Flights are Back as Airlines Race to Fill in the Off-Season (Micro News for November 11, 2023 – November 17, 2023)
In the fourth quarter of 2023, there are about 260 million airline seats to fill, and airlines are offering deep discounts to get the planes to capacity. For example, Southwest Airlines has offered $29 one-way fares for off-peak travel. Most airlines are offering some type of discount given that most increased capacity to handle the high post-Covid travel demand.
Shopping for an EV? There Are Some Big Discounts Right Now (Micro News for October 21, 2023 – October 27, 2023)
Electric vehicle (EV) prices are falling due to increased competition in this sector of the automotive industry. In addition, early adopters already own EVs so the prices need to fall to attract the attention of the next group in the adoption cycle. Hybrid models are not facing the same market since they are more accepted by consumers and do not require charging stations.
How Amazon is Racing to Catch Microsoft and Google in Generative A.I. with Custom AWS Chips (Micro News for August 12, 2023 – August 18, 2023)
Amazon recognizes the need for more microchips that can be used to train and accelerate generative artificial intelligence (AI) and has a team in Austin working on the solution. Nvidia chips dominate this market, but they are becoming more expensive and harder to acquire. To satisfy the exploding demand, Amazon has two custom chips ready for launch that have capabilities that many other chips do not possess.
Pearson Economic News 