US$5 billion

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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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Tech

Chinese robotaxi firm WeRide gets California approval to test with passengers

China-based autonomous driving start-up WeRide has received approval from California to test its driverless vehicles with passengers, according to a…

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