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BYD’s EV hatchback at $11,450 set to reshape China’s first-car market

BLOOMBERG A new electric hatchback starting from just 78,800 yuan ($11,450) from BYD Co is set to intensify competition in China’s already crowded entry-level car market. Unveiled at the Shanghai auto show, the Seagull drew big crowds with its neon yellow exterior and budget price tag. The 55kW motor provides around 190 miles (300 kilometres) of charge at a top ...

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Alphabet CEO’s pay soars to $226m on huge stock award

BLOOMBERG The pay package awarded to Alphabet Inc Chief Executive Officer Sundar Pichai soared to $226 million in 2022, boosted by a triennial stock grant, making him one of the world’s highest-paid corporate leaders. The stock award portion of his pay amounted to $218 million, according to a filing from the Google parent company. He received a total of $6.3 ...

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Tim Cook officially opens India’s first Apple store

BLOOMBERG Chief Executive Officer Tim Cook officially opened Apple Inc’s first company-owned store in India, betting the iPhonemaker’s retail outlets will help accelerate sales growth. Cook, dressed in gray pants, blue half-sleeve shirt and sneakers, hugged the first customers and posed for selfies with them at the shop’s launch in the financial hub of Mumbai. Dozens of staff dressed in ...

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