Can Electric Vehicles Handle Flooded Roads? BYD Executive Weighs In

Deep News07-08 22:02

Daily Financial News Digest: 50 million yuan allocated for Hubei's post-disaster recovery, international oil prices surge sharply, why is ice cream sales down this year, gaming laptops top 10,000 yuan, BYD executive discusses electric vehicle water wading, US claims US-Iran understanding is over, diamond giant slashes prices, Ronaldo signed jersey auction starts at 78,000 yuan.

1. 50 Million Yuan to Support Post-Disaster Recovery in Hubei

Since July 6, many areas in Hubei Province have been hit by heavy rainfall, thunderstorms, strong winds, and localized tornadoes, resulting in casualties and property damage. The National Development and Reform Commission has urgently allocated 50 million yuan from the central budget to support Hubei's emergency post-disaster recovery from wind, hail, and other disasters. The funds will focus on emergency restoration of damaged infrastructure like roads and public service facilities such as schools, aiming to quickly restore normal production and living order.

2. International Oil Prices Surge Sharply

Driven by renewed tensions in the Middle East, international oil prices have risen sharply. During trading on the 8th, both London Brent crude futures and New York crude futures prices saw intraday gains exceeding 5%.

3. Why Are Ice Cream Sales Down This Year?

July is typically the peak season for ice cream wholesale, yet distributors across many regions in China are reporting sluggish business. A relevant person in charge at Hangzhou Youkang Food stated that sales of ice cream and popsicles have declined. The core reason is likely that temperatures in the first half of this year have been significantly lower than the same period in previous years, coupled with frequent rainy weather.

4. Gaming Laptops Rise to Over 10,000 Yuan

The domestic gaming laptop market has recently experienced a significant wave of price increases. Prices for multiple mainstream models continue to climb, with some popular models seeing price hikes of several thousand yuan over six months, and even daily price changes. A recent high school graduate, Xiao Kui, is quite troubled—the laptop model she had been eyeing was priced at 9,300 yuan one day and jumped to 11,000 yuan the next.

5. BYD Executive Discusses Whether Electric Vehicles Can Wade Through Water

On the 8th, He Zhiqi, Executive Vice President of Byd Company Limited (ASX: BYDDY), posted online discussing the question of whether electric vehicles can handle water. He stated that pure electric vehicles, lacking engine intake and exhaust pipes, theoretically have better wading capability than fuel vehicles. However, there is a prerequisite: the battery pack's sealing grade must be up to standard. He also clarified that having this protection does not mean one should charge into deep water. If water is above half the tire height or the road depth is unclear, it's best to detour rather than force through. Safety must always come first.

6. US Claims US-Iran Understanding is Over

US President Donald Trump, speaking at the NATO summit in Ankara, Turkey, on the 8th, said he believes the understanding reached between the US and Iran "is over." Trump also stated he no longer wishes to engage with Iran.

7. Diamond Giant Significantly Cuts Diamond Prices

According to a recent Bloomberg report, diamond industry giant De Beers Group has recently significantly lowered the prices of its diamond products. This move is seen as a shift from De Beers' traditional high-price strategy to attracting core customers through price advantages. Additionally, De Beers has streamlined the buyer group for its diamond sight events, reducing it from approximately 70 to between 45 and 50 buyers. The company stated this aims to ensure more diamond products can be supplied more centrally and with priority to its core major clients.

8. Ronaldo Signed Jersey Auction Starts at 78,000 Yuan

Following Cristiano Ronaldo's farewell to the World Cup stage after his sixth tournament appearance, "Ronaldo economics" continues to heat up. Data from major collection and trading platforms shows prices for items like Ronaldo's personally signed jerseys and limited-edition player cards have risen significantly. Among them, a Real Madrid black dragon special edition jersey personally signed by Ronaldo has reached a bid of 78,000 yuan in an auction, with over 34,000 views for a single auction. A signed Manchester United red fan edition jersey has received bids exceeding 6,900 yuan, with over ten buyers participating in the bidding.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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