Bloomberg Technology BYD Sales Soar, AI to Protect Kids Online, Airbus CEO on Defense Tech
19 snips
Mar 24, 2025 Hari Ravichandran, CEO of Aura, discusses groundbreaking AI tools aimed at enhancing youth mental health and online safety. Jeffrey Katzenberg, Managing Partner at WndrCo, shares insights on the media's role in these developments. Guillaume Faury, CEO of Airbus, talks about ambitions for sustainable aviation fuel and the industry's path to carbon neutrality by 2050. The conversation also touches on BYD's surge in electric vehicle sales, eclipsing Tesla, and the evolving landscape of parenting in the digital age.
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BYD's Success
- BYD's 2024 revenue surpassed Tesla's, exceeding $107 billion despite selling fewer cars.
- BYD offers a broader range of vehicles, including plug-in hybrids, and more affordable prices.
BYD's Strategy
- BYD's consistent strategy involves offering a wide range of vehicles, including plug-in hybrids, at affordable prices.
- This approach allows them to achieve scale that Tesla hasn't yet matched.
Chinese Funding
- BYD and Xiaomi have raised substantial capital in secondary offerings in China.
- The active Asian markets contrast with the slower IPO environment in New York.