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New Business

BYD allots US$5 billion for forex derivatives trading to hedge risks from yuan volatility

BYD, the world’s largest electric vehicle (EV) maker, has earmarked US$5 billion for foreign exchange derivatives trading to reduce risks…

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New Business

China’s CATL to build US$4.3 billion EV battery plant in Spain with Fiat owner Stellantis

China’s Contemporary Amperex Technology (CATL), the largest maker of batteries for electric vehicles (EVs), is building its third plant in…

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