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Why China’s Carmakers Are Racing Into Humanoid Robots — Tesla’s Bet, Copied
Chinese automakers, facing declining car profit margins, are heavily investing in humanoid robots, mirroring Tesla's strategy. Xpeng's robotics arm recently secured significant funding, highlighting a broader trend across the sector with companies like BYD and Chery also developing humanoid robots. While hardware manufacturing is a strength for these companies, catching up to Tesla in AI development remains a key challenge.
Lucid (LCID) denies rumors of bankruptcy after intraday share price crashed 50%
Lucid Group, also known as Lucid Motors, has vehemently denied reports suggesting the electric vehicle company was considering bankruptcy. The company issued a statement calling the claims 'completely false' following a significant intraday stock price crash of approximately 50 percent. Despite the denial, Lucid's stock experienced volatility and trading halts.
BUS BOUND: Let’s RIDE DLC Expands The Fleet With Two New Electric Buses
The Let's Ride DLC for the city transport simulation game Bus Bound is now available on Xbox Series X|S, PlayStation 5, and PC. This DLC introduces two new electric buses from RIDE, a subsidiary of BYD: the 40-foot K9MD and the 60-foot articulated K11M, offering players more sustainable options for their public transport networks.
Morning Legal Briefs
This article briefly touches on two legal matters: BYD being added to a US list due to alleged Chinese military ties, and Louis Rossmann taking Samsung to court over its SSD warranty policy. The latter is presented as a personal grievance with a linked NSFW video.
BYD is assuming financial liability if you crash while using its self-driving tech
BYD is demonstrating significant confidence in its self-driving technology by assuming financial liability for any accidents that occur while the system is in use. This move underscores the company's commitment to the safety and reliability of its autonomous driving features.
BYD's next all-electric hypercar is a convertible that's coming to Europe first
BYD's subbrand Denza has unveiled the Denza Z, an all-electric hypercar with over 1,000 horsepower, capable of accelerating from 0 to 60 mph in under two seconds. The hypercar will be available in hard-top and convertible configurations and will feature BYD's DiSus-M intelligent suspension and Flash Charging system. The Denza Z is slated for a European release first, with an appearance at the Goodwood Festival of Speed in the UK.
Report: US government may compel Tencent to divest gaming investments
The US government, under the Trump administration, is reportedly considering forcing Tencent to divest its gaming investments due to national security and data privacy concerns. Investigations initiated under the Biden administration have raised questions about Tencent's access to data from millions of American players through its stakes in companies like Epic Games and Riot Games.
