
Warren Buffett-backed BYD’s EV sales soar to monthly record
Sales of new energy vehicles at BYD, China’s top-selling electric vehicle maker, more than doubled in December.
Sales of new energy vehicles at BYD, China’s top-selling electric vehicle maker, more than doubled in December.
The company finally broke the 1 million-unit mark in 2022.
2022 saw the worst annual performance on the S&P/ASX 200 since 2018.
The Dow fell 9% in 2022, while the S&P 500 fell 20% and the tech-heavy NASDAQ 34%.
During the stock market’s worst year since 2008, energy stocks have greatly outperformed other assets.
Economic conditions remain challenging for stocks as slower growth and tighter monetary conditions pressure valuations.
Markets turn quiet in the approach to holidays.
The world’s biggest mining company by market cap wants to boost its exposure to raw materials used in electric vehicles and clean energy production.
Australian miners are uniquely positioned to benefit from recovering demand for steel in China.
We expect the risk focus will shift as earnings downgrades gather pace.