Rise in Revenue by 14% for BYD amidst persistent sales decline for competitor Tesla
In the dynamic world of technology and finance, there's always something new and exciting happening. Here's a roundup of some of the latest developments:
Santander's Openbank has made a significant move by rolling out Bitcoin, Ether, and more digital assets for European users, indicating a growing acceptance of cryptocurrencies in mainstream banking.
In the realm of cryptocurrency exchange-traded funds (ETFs), XRP and Dogecoin ETFs are set to launch this week, potentially opening up these digital assets to a wider investor base.
The tech giant, Nvidia, has seen its stock drop by 3% due to accusations of breaching China's anti-monopoly law, raising concerns about the company's business practices in the region.
BYD, a leading player in the electric vehicle (EV) market, reported impressive financial results for the first half of 2025. The company's net income stood at 15.5 billion yuan ($2.2 billion), and its revenue reached 371.3 billion yuan, marking a 23% increase. However, the company's stock lost $45 billion in value amid rising doubts over China's EV dominance. Despite this, BYD continued to ship EVs from its Thailand unit to new territories like the UK, Germany, and Belgium, and registered over 20,000 plug-in hybrids in the EU in the first half of 2025.
BYD's EV sales for H1 2025 totaled 2.15 million units, a 33% increase compared to 2024. Interestingly, BYD's EV registrations in Europe increased by 225% in July 2025. However, analysts believe that BYD's slower sales in July 2025 were due to weak local demand and tighter control of dealership inventory.
Tesla, another major player in the EV market, has seen a decline in its European sales. Tesla's sales in Europe fell by 40% in July 2025, marking the seventh consecutive month of decline. Despite this, Tesla registered 8,837 registrations in Europe in July 2025.
In the world of cryptocurrency, Monero's double-spending threat has grown after a block reorganization. Meanwhile, one user lost $1M USDC to a MEV bot after a mistaken transaction.
Investors are also keeping an eye on the moves of companies like Pantera Capital, which has backed Solana with a $1.1B bet, and Next Technology, which filed for a $500M common stock offering to buy more Bitcoin.
Larry Ellison, the co-founder of Oracle, is making waves in various industries, with his companies including OpenAI, Paramount, Warner Bros., and TikTok.
Lastly, the UAE M2 crypto exchange has changed its business model, and Pi Network is preparing for its mainnet transition after completing the final Testnet1 upgrade.
These developments underscore the rapid pace of change and innovation in the tech and finance sectors, and it will be interesting to see how these trends unfold in the coming months.
Read also:
- Industrial robots in China are being installed at a faster rate than in both the United States and the European Union, as the global market for these robots faces a downturn.
- Hyundai N affirms transition to hybrid performance-centric models, initiating with Tucson N
- EAFO Research Uncovers Crucial Elements in Electric Vehicle Adoption within the EU
- Stock markets in India anticipated a moderate opening, influenced by mixed signals from global markets.
