The Chinese company BYD is set for massive expansion this year. Henry Tricks writes the economist Trumpeter column. He says it took 13 years to get to producing 1 million hybrids and EVs, but then it took only a year to get to the second million. Byd already has factories in different countries around the world.
The petrostates of the Gulf are modernising their economies, growing more tolerant and liberalising their social contracts as they prepare for a world run on fewer hydrocarbons—but who will be left behind? A Chinese maker of electric vehicles prepares to steal a march on Tesla. And a look at Britain’s newest islands reveals they are made of wet wipes.
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