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Here's what we're serving up today:

• Almost Dethroning the EV King 🔋

• Asteroids ☄️

• Trending Tools ⚒️ 

Almost Dethroning the EV King 🔋

We have a quick question for you. Ready?

Question: Which company is on track to be the largest EV manufacturer by the end of this year?

Now, you might be thinking easy-peasy right? Well, whatever you guess is, it’s very likely that it’s wrong. The answer is ….*drumroll*

Answer: BYD.

If you guessed Tesla, well, you definitely aren’t alone.

But in case you weren’t aware, BYD, which is short for “Build Your Dreams”, is the Chinese manufacturing giant that’s been taking on Tesla in the EV wars.

Have a look at their EV unit sales in comparison to Tesla.

In the race of EV dominance, BYD has transformed itself from the underdog to Top-Dawg, rising from China’s 5th largest automaker to the largest one in the country, surpassing behemoths like Volkswagen and Toyota.

Even though Tesla still outpaces BYD in BEVs produced, the Chinese maker is quickly catching up and is projected to close the year toppling the EV king.

🥇 Tesla: Still the Usain Bolt of the electric car world, Tesla deliveries fell to 435K vehicles this quarter missing the analyst expectation of 455K.

🥈 BYD: BYD is not just tailgating Tesla; they're in the fast lane boasting a faster growth rate of 95% YoY. With 431K units sold, they're almoooost there with Tesla.

There are a couple of reasons for BYD’s rise to power.

1/ BYD has become the go-to choice for budget-conscious buyers. While Tesla's busy playing the socialite of the electric car world, BYD's bringing EVs to the people.

2/ They control the entire supply chain which helps them to optimize costs.

3/ BYD has also enjoyed a decade of government subsidies that’s helped it go from zero to hero.

☄️ Asteroids ☄️

Cruise, GM's self-driving car subsidiary, has launched its robotaxi service in Houston from 9 p.m. to 6 a.m. in select neighborhoods. They're offering $5 flat fares for a limited time to boost demand. 🚗 🚕 

Threads is rolling out an edit button, and it’s not locked behind a paywall. It can let you fix typos within 5 minutes. However, unlike X, Threads won't show edit history, potentially raising concerns about misuse. 🤔📲

UK regulators have given the green light to Microsoft's $68.7 billion deal to acquire Activision Blizzard, with a condition to sell cloud gaming rights to Ubisoft. 🇬🇧✅

⚒️ Trending Tools ⚒️

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