Jonathan Wong
The Latest
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BYD Closes the Gap with Tesla in 2024 EV Sales Amid Rapid Growth
Chinese electric vehicle (EV) manufacturer BYD is rapidly closing the gap with global leader Tesla, reporting record-breaking sales of 1.76 million vehicles in 2024. BYD's December sales of 207,734 EVs, powered by strong domestic demand and government subsidies, marked a 41% year-over-year increase. This performance positions BYD as Tesla's most formidable rival in the global EV market. 
Chinese electric vehicle (EV) manufacturer BYD is rapidly closing the gap with global leader Tesla, reporting record-breaking sales of 1.76 million vehicles in 2024. BYD's December sales of 207,734 EVs, powered by strong domestic demand and government subsidies, marked a 41% year-over-year increase. This performance positions BYD as Tesla's most formidable rival in the global EV market. -
Tesla Reports First-Ever Annual Delivery Decline, Shares Slide
Tesla, the global leader in electric vehicles, reported its first annual decline in deliveries, marking a pivotal moment for the company as competition in the EV market heats up. The automaker delivered 1,789,226 vehicles in 2024, a 1.1% drop from the 1.81 million units delivered in 2023. The fourth quarter also fell short of expectations, with 495,570 vehicles delivered, below analysts' consensus of over 503,000. 
Tesla, the global leader in electric vehicles, reported its first annual decline in deliveries, marking a pivotal moment for the company as competition in the EV market heats up. The automaker delivered 1,789,226 vehicles in 2024, a 1.1% drop from the 1.81 million units delivered in 2023. The fourth quarter also fell short of expectations, with 495,570 vehicles delivered, below analysts' consensus of over 503,000. -
Brazil Suspends Work Visas for Chinese EV Giant BYD Amid Labor Abuse Allegations
Brazil has ceased issuing temporary work visas to employees of the Chinese electric vehicle (EV) producer BYD following accusations that 163 Chinese workers at a BYD factory construction site in Bahia were victims of human trafficking and subjected to "slavery-like" conditions. The decision, announced by Brazil's Ministry of Foreign Affairs, has sparked controversy and cast a shadow over BYD's ambitious expansion plans in the South American nation. Brazil has ceased issuing temporary work visas to employees of the Chinese electric vehicle (EV) producer BYD following accusations that 163 Chinese workers at a BYD factory construction site in Bahia were victims of human trafficking and subjected to "slavery-like" conditions. The decision, announced by Brazil's Ministry of Foreign Affairs, has sparked controversy and cast a shadow over BYD's ambitious expansion plans in the South American nation. -
TSA, Delta Investigate Second Stowaway Incident Amid Holiday Travel Chaos
Delta Air Lines and the Transportation Security Administration (TSA) are facing scrutiny after a second stowaway incident in recent weeks, raising concerns about security lapses during one of the busiest travel seasons of the year. The latest breach occurred on Christmas Eve, when an unticketed passenger managed to board Delta flight 487 from Seattle to Honolulu. 
Delta Air Lines and the Transportation Security Administration (TSA) are facing scrutiny after a second stowaway incident in recent weeks, raising concerns about security lapses during one of the busiest travel seasons of the year. The latest breach occurred on Christmas Eve, when an unticketed passenger managed to board Delta flight 487 from Seattle to Honolulu. -
Barclays Fires NY Bankers Without Bonuses Just Before Christmas, Sparking Outrage: Report
Barclays has fired over a dozen New York-based bankers and traders shortly before the holiday season, leaving many without the year-end bonuses that typically constitute the majority of their compensation. The move, which insiders described as "heartless," has sparked potential legal challenges, with some of the terminated employees contemplating lawsuits exceeding $10 million. 
Barclays has fired over a dozen New York-based bankers and traders shortly before the holiday season, leaving many without the year-end bonuses that typically constitute the majority of their compensation. The move, which insiders described as "heartless," has sparked potential legal challenges, with some of the terminated employees contemplating lawsuits exceeding $10 million. -
Cyberattack Delays Over 20 Japan Airlines Flights Amid Year-End Holiday Travel
Japan Airlines (JAL), one of the country's largest air carriers, was targeted in a cyberattack on December 26, causing delays to more than 20 domestic flights during one of the busiest travel periods of the year. The incident disrupted operations for several hours but did not compromise flight safety, the airline confirmed. 
Japan Airlines (JAL), one of the country's largest air carriers, was targeted in a cyberattack on December 26, causing delays to more than 20 domestic flights during one of the busiest travel periods of the year. The incident disrupted operations for several hours but did not compromise flight safety, the airline confirmed. -
Technical Glitch Briefly Halts American Airlines Flights Nationwide
A "technical issue" caused a brief nationwide ground stop for American Airlines flights Tuesday morning, disrupting travel on one of the busiest travel days of the year. The Federal Aviation Administration (FAA) issued the ground stop at the airline's request. 
A "technical issue" caused a brief nationwide ground stop for American Airlines flights Tuesday morning, disrupting travel on one of the busiest travel days of the year. The Federal Aviation Administration (FAA) issued the ground stop at the airline's request. -
Starbucks Workers Expand Strike to Nine States
Starbucks employees have escalated their strike to nine states, marking a significant labor action during the busy holiday season. The strike, organized by Starbucks Workers United, involves thousands of baristas seeking improved wages, staffing, and scheduling arrangements. Initially impacting stores in Los Angeles, Chicago, and Seattle, the walkouts have now expanded to locations in New York, Pennsylvania, Missouri, and New Jersey, with more cities expected to join by Christmas Eve. 
Starbucks employees have escalated their strike to nine states, marking a significant labor action during the busy holiday season. The strike, organized by Starbucks Workers United, involves thousands of baristas seeking improved wages, staffing, and scheduling arrangements. Initially impacting stores in Los Angeles, Chicago, and Seattle, the walkouts have now expanded to locations in New York, Pennsylvania, Missouri, and New Jersey, with more cities expected to join by Christmas Eve. -
The Container Store Files for Bankruptcy, Citing $230 Million Debt Amid Retail Turmoil
The Container Store, a prominent name in home organization and storage solutions, has filed for Chapter 11 bankruptcy protection, joining a growing list of retailers grappling with shifting consumer habits and a challenging economic climate. The announcement, made late Sunday, highlights the intensifying pressures on companies reliant on discretionary spending as customers tighten their budgets. 
The Container Store, a prominent name in home organization and storage solutions, has filed for Chapter 11 bankruptcy protection, joining a growing list of retailers grappling with shifting consumer habits and a challenging economic climate. The announcement, made late Sunday, highlights the intensifying pressures on companies reliant on discretionary spending as customers tighten their budgets. -
Nissan and Honda Merge Forces to Create World’s Third-Largest Automaker
Nissan and Honda, two of Japan's largest automakers, have officially entered discussions to merge, a move that could reshape the global automotive landscape. If finalized, the deal would establish the world's third-largest automaker by sales, trailing only Toyota and Volkswagen. The merger, announced Monday, aims to bolster the companies' ability to compete amid rising pressure from the electric vehicle (EV) revolution and intensifying competition from Chinese automakers. 
Nissan and Honda, two of Japan's largest automakers, have officially entered discussions to merge, a move that could reshape the global automotive landscape. If finalized, the deal would establish the world's third-largest automaker by sales, trailing only Toyota and Volkswagen. The merger, announced Monday, aims to bolster the companies' ability to compete amid rising pressure from the electric vehicle (EV) revolution and intensifying competition from Chinese automakers.
