Taiwan Dollar Option Trade Slump Lifts Insurers' Hedging Costs
Weekly derivatives transactions involving the currency slumped to the lowest since at least 2021 for this time of the year, according to one measure using data from DTCC Data Repository Singapore.
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BYD to start first car assembly in Pakistan by mid-2026
China's BYD has announced plans to commence the assembly of its first electric car in Pakistan by July or August 2026, aiming to meet the increasing electric and plug-in hybrid vehicle demand in the region, a company executive said, according to Reuters. This development comes as part of BYD's strategic expansion in the Asia-Pacific market and follows the company's plan to initiate vehicle sales in Pakistan last year. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You Great Rates and Award-Winning Service The Insurance Savings You Expect BYD Pakistan sales and strategy vice president, Danish Khaliq, revealed to Reuters that the new assembly plant, currently under construction since April near Karachi, represents a collaboration between BYD and Mega Motor Company, a subsidiary of Pakistani utility Hub Power. The facility is expected to have an initial production capacity of 25,000 units annually on a double shift schedule. However, he did not provide details on when the plant would reach full capacity or when mass production would start. Khaliq further explained that the plant would begin by assembling imported parts and locally producing non-electric components. The initial focus will be on supplying the domestic market, with the possibility of exporting to other right-hand drive countries in the region if it makes economic sense. BYD has already commenced delivering imported EVs in the country since March, with sales surpassing internal targets by 30%, although exact numbers were not disclosed. The market for EVs and plug-in hybrid cars in Pakistan is expected to grow significantly, with Khaliq anticipating a three to fourfold increase by 2025 from around 1,000 units last year. Khaliq noted that BYD is aiming for a 30-35% market share in this segment. According to a HUBCO filing, BYD Pakistan reported a profit of around PKR444m ($1.56m) in the March quarter of this year. The Pakistani market is set to welcome the upcoming launch of BYD's Shark 6 plug-in hybrid pickup truck. The Pakistani government is promoting EV adoption by reducing power tariffs for chargers by 45% in January and encouraging the establishment of private charging stations, addressing the current lack of infrastructure for all-electric vehicles. "BYD to start first car assembly in Pakistan by mid-2026 – report" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
3 hours ago
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Global Experts Acknowledge TATA Wooden Door's Breakthrough in Urban Noise Control Through Scenario-Based Construction in China
BEIJING, July 24, 2025--(BUSINESS WIRE)--On July, 2025, during the United Nations High-Level Political Forum on Sustainable Development, Dr. Zhang Qihua, President of the Global Alliance for Sustainable Development Foundation, pointed out in an interview: "As focus stays on air and water, WHO ranks urban noise as the second-biggest environmental health risk." Noise Pollution: A Neglected Global Health Threat. "In megacities over ten million, long-term noise exposure raises cardiovascular disease risk by 27%." "This directly hinders the achievement of SDG3 (Good Health and Well-being) and SDG11 (Sustainable Cities and Communities)." He emphasized that the acoustic environment is gaining attention in public health and governance. With 48% of residents suffering sleep disturbances, improving tranquility is no longer just technical—it's a systemic social task. Scenario-Based Innovation: A Chinese Breakthrough Approach In the relevant discussion, Dr. Zhang pointed out several outstanding cases from Chinese enterprises in reducing residential noise: "We have observed that some Chinese companies are exploring more adaptable noise-reduction solutions tailored to the structural characteristics of local housing." "For example, the Chinese brand TATA Wooden Door has developed quiet products tailored to family needs in small apartments, multi-generational homes, and elderly-friendly spaces. "Such approaches also offer reference value for other developing countries." He believes that the process of enabling residential scenarios through technology is not only a response to real pain points in families but also promotes the shift of 'quietness' from a single function to a lifestyle component. Global Collaboration to Promote the Popularization of the "Quiet Lifestyle" On how to promote the global adoption of the "quiet lifestyle," Dr. Zhang stated that the key lies in experience sharing and local adaptation. He believes that mature markets can share acoustic standards and governance mechanisms, while emerging markets offer valuable practices in product innovation and application scenarios. "Cases like TATA Wooden Door show that acoustic optimization isn't limited by technology and can be implemented sustainably based on needs." "Sharing practical cases through forums helps regions find suitable paths." "When people begin choosing quiet products aligned with their lifestyles, it becomes a meaningful step toward better living environments," Dr. Zhang concluded. View source version on Contacts Global Alliance for Sustainable Development Foundationhttps:// Gasdfund@ TATA Wooden DoorJiang Yutongservice@ Sign in to access your portfolio
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EU-China ties at 'inflection point', von der Leyen says
STORY: :: Ursula von der Leyen says the China-EU trade relationship needs more balance :: Beijing, China :: July 24, 2025 :: Ursula von der Leyen, European Commission President 'Unlike other major markets, Europe keeps its market open to Chinese goods. This reflects our longstanding commitment to rules-based trade. However, this openness is not matched by China.' "So we have reached a clear inflection point. As we said to the Chinese leadership, for trade to remain mutually beneficial it must become more balanced. Europe welcomes competition. We like competition, but competition has to be fair." Expectations were low for the summit in the Chinese capital marking 50 years of diplomatic ties after weeks of escalating tension and wrangling that led to the duration being abruptly halved to a single day at Beijing's request. Von der Leyen told the press that the Chinese leadership has started to look into the overcapacity issue, and expressed willingness to support more consumption. Solve the daily Crossword
