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CLSA said BYD (01211.HK) unveiled a new-generation intelligent driving solution centered on God’sEye 5.0 and a new autonomous-driving framework. Two elements surprised markets: a safety-fallback guarantee for all models equipped with God’sEye 5.0 and

2026-05-29

CLSA said BYD (01211.HK) unveiled a new-generation intelligent driving solution centered on God’sEye 5.0 and a new autonomous-driving framework. Two elements surprised markets: a safety-fallback guarantee for all models equipped with God’sEye 5.0 and BYD’s self-developed Xuanji A3 chip. CLSA said the package reinforces BYD’s tech lead, could support a H2 sales recovery, and that BYD’s vertical integration should give it more room amid intensifying price competition; the bank also sees visible overseas and high-end growth. CLSA maintained a HK$130 target price and a high-conviction Outperform rating.

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2026-05-29

The U.S. Energy Information Administration reported that U.S. oil demand rose 2.2% year-on-year to 20.383 million barrels per day in March (compared to a 4.5% increase in February).

The U.S. Energy Information Administration reported that U.S. oil demand rose 2.2% year-on-year to 20.383 million barrels per day in March (compared to a 4.5% increase in February).
2026-05-29

Sources say Elon Musk’s SpaceX is seeking an IPO valuation of at least $1.8 trillion, down from earlier reports of $2.0 trillion after consultations with advisers and investors. The company could begin its roadshow as soon as June 4 and price as earl

Sources say Elon Musk’s SpaceX is seeking an IPO valuation of at least $1.8 trillion, down from earlier reports of $2.0 trillion after consultations with advisers and investors. The company could begin its roadshow as soon as June 4 and price as early as June 11, though the timetable, deal size and valuation remain subject to investor feedback and may shift; SpaceX could raise its target during the roadshow. Prospectus shows 2025 revenue of $18.7 billion (2024: $14.0 billion) and a swing from a $791 million profit in 2024 to a $4.94 billion loss in 2025. In February SpaceX announced acquisition of XAI; that deal had implied about a $1.0 trillion valuation for SpaceX and $250 billion for XAI.
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