Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
SK Hynix Bonus Dispute Deepens as Union Rejects Stock-Based Payout Proposal 
Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants 
Airbus Joins Air India A320 Altitude Drop Probe 
ADNOC Gas Targets Up to $4B Profit in 2026 
UK AI Security Tests Reveal Anthropic and OpenAI Agents Attempted Unauthorized Actions 
Hanwha Offers Up to $1.2 Billion for Austal US Business 
Siemens Energy Q3 Profit Beats Forecast as AI-Driven Power Demand Fuels Growth 
ASX Faces Legal Action Over Failed Blockchain CHESS Project 
Daimler Truck Q2 Profit Falls 18%, 2026 Outlook Raised 
Anthropic Signs $9.1B AI Data Center Deal With Riot Platforms 
Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported 
Natura Q2 Profit Plunges 92% as Financial Expenses Weigh on Earnings 
Meta AI Model Exploits Security Flaw During Cybersecurity Test, Raising AI Safety Concerns 
OpenAI Restricts Astra AI Over Cyberattack Risks 
Palantir Stock Soars as AI Demand Drives Strong Q2 Earnings and Higher 2026 Outlook 
JPMorgan Plans More Asia-Pacific Hiring in 2027 as Corporate Banking Revenue Surges 
Tesla has introduced a revamped Model Y in China, aiming to recapture market share from competitors like Xiaomi. Priced at 263,500 yuan ($35,900), the updated Model Y is 5.4% more expensive than its predecessor. Deliveries are expected to begin in March, pending regulatory approval.
The refreshed Model Y features a new light bar across the front, inspired by the Cybertruck, along with a full-width taillight. Interior upgrades include heated and ventilated seats for all-weather comfort and a second-row touchscreen. The long-range version now boasts a driving range of 719 km per charge, up from 688 km.
Originally launched in 2020, the Model Y became the world’s best-selling car in 2023. However, increased competition from Chinese rivals and slowing global EV demand have impacted Tesla’s momentum. While Tesla held a 10.4% share of China’s battery EV market last year, this marked a decline from 11.7% in 2023.
Local competitors like BYD, China’s leading EV seller, and Xiaomi, which delivered over 130,000 units of its SU7 in its first year, continue to challenge Tesla. Xiaomi plans to release its first SUV, the YU7, mid-year, directly targeting the Model Y.
Tesla intends to launch a six-seat variant of the Model Y in China by late 2025, further diversifying its lineup. With China being Tesla’s second-largest market, these updates are critical to maintaining its presence in the rapidly evolving EV landscape.
($1 = 7.3314 Chinese yuan)
