South Korea Weighs AI Profit Sharing as Samsung and SK Hynix Earnings Surge 
Astera Labs and Rocket Lab Surge After Nasdaq-100 Inclusion Announcement 
SpaceX Sets IPO Price at $135 Per Share Ahead of Historic Nasdaq Debut 
Oracle Stock Falls Despite Earnings Beat as Company Plans $40 Billion Financing for FY2027 
Intesa Sanpaolo Launches €30.6 Billion Bid for Monte dei Paschi to Drive Italian Banking Consolidation 
Alibaba Offers $1.5 Billion to Acquire Grocery Delivery Platform Pupu 
SK Hynix Stock Rebounds as AI Memory Chip Demand Fuels Expansion Plans 
Apollo and Blackstone Complete $35 Billion Anthropic AI Infrastructure Financing Deal 
GM and Peak Energy Partner to Advance Sodium-Ion Battery Technology for Grid Storage 
Trump Administration Defends Anthropic AI Restrictions in Ongoing Federal Lawsuit 
SpaceX IPO Sets Record With $75 Billion Raise, Valuation Hits $1.77 Trillion 
Asics Considers Onitsuka Tiger Spinoff as Luxury Sneaker Brand Expands Globally 
Qualcomm Stock Gains After Jensen Huang Endorsement 
EngineAI Files for Hong Kong IPO Amid Rising Demand for AI and Robotics Stocks 
Adobe Beats Q2 2026 Estimates, Raises Full-Year Outlook as AI Revenue Surges Despite Stock Drop 
Switch Eyes Multi-Billion-Dollar Funding Round at $50 Billion Valuation Ahead of Potential IPO 
Hyundai, Nvidia, and South Korea Near Deal for Major AI Technology Center 
BYD is urging Mexico to extend its electric vehicle tariff exemption, riding the wave of growing popularity for the Shark NEV and Tang SUV. The government’s ruling is expected by October 1.
BYD Pushes for EV Tariff Relief in Mexico Amid Sales Surge
Import duties on electric vehicles (EVs) from Mexico have been extended at the request of BYD, the leading Chinese automaker.
BYD Lobbies for Tariff Extension
"Our intention is to explore the possibility of extending the decree through our investment in a new plant," explained Jorge Vallejo, country head of BYD in Mexico, speaking to Reforma.
A municipal authority decreed that electric vehicles imported from nations without trade agreements with Mexico would be exempt from tariffs ranging from fifteen percent to twenty percent, and BYD is requesting that this be lifted. Vallejo went over a number of alternatives proposed by BYD to replace the extension.
Shark NEV and Tang Lead BYD’s EV Lineup
An extension of the decree could be possible through the investment in a new plant, according to the approach with the federal government. We're waiting for a response from the government.
The incoming administration is expected to make a declaration regarding the decree on October 1. Once that happens, there will be more direct communication regarding the terms of an investment announcement and the benefits that would be awarded, according to Vallejo.
BYD’s Future in Mexico Hinges on Tariff Relief Decision
The recently released Shark NEV pickup truck, Tang SUV, and Han sedan are just a few of the vehicles sold in Mexico by the Chinese carmaker. According to Teslarati, earlier this year BYD was allegedly considering expanding into Mexico by setting up an electric vehicle manufacturing facility there.
At the time, Zhou Zhou was the BYD country manager, and he said that Mexico was a crucial market for the carmaker. In the future, the Chinese carmaker expects sales outside of China to constitute half of its overall revenue.
