Defi Coin Triggers All "Buy" Signals and Could Break Out Soon

Some are calling this the most promising DeFi project since Ethereum itself. Here's the #1 DeFi Coin Set to Soar. While Bitcoin grabs headlines, this lesser known DeFi coin is quietly gearing up for a monster rally. Experts say now is the time to buy before it reaches escape velocity.

5 cars from the Beijing auto show that reflect China's vision for the future of driving

KEN MORITSUGU
April 26, 2024

BEIJING (AP) -- China's vision of the future of the automobile -- electrified and digitally connected -- is on display at the ongoing Beijing auto show.

Organizers say that 117 new models are making their debut at Auto China 2024, which runs through May 4. They range from eye-poppingly cutting edge to more subtle novelties.

THE CONNECTED CAR

One of the biggest mob scenes was for the opening day presentation by Xiaomi, a major Chinese maker of smartphones and trendy, affordable smart appliances aimed at younger generations that's entering the car market for the first time.

Xiaomi announced that it had received more than 75,000 orders in the four weeks since the launch of its first car, the SU7, with a list price of 215,900 to 299,900 yuan ($29,800-$41,400).

Why is a phone company making a car? Analysts say connectivity. Consumer technology companies want to connect the lives of their customers across all their devices -- phones, laptops, televisions and now cars.

"It starts with the concept of the third place," said Beatrix Keim, the China director at German auto research center CAR. "Because nowadays people are at the office, at home and then mainly they're spending the time in the car."

The approach works well in China, a highly digital society where e-payments are the norm and the convenience of connectivity trumps privacy concerns for most.

Chinese telecom giant Huawei has ventured into the car business too. Apple explored the idea but dropped it earlier this year.

THE CAR AS LIVING SPACE

Some Chinese makers are taking the idea of a third space to new heights.

Zeekr unveiled the Mix, an electric vehicle with an interior that can transform into a small room while parked. The front seats swivel to face the back ones, with a table in between that a company executive told the crowd could be used to play card games or enjoy a Chinese hot-pot meal.

Stefan Sielaff, the design director of Zeekr, described the Mix as "a nice experiment" focusing on younger families.

"I wouldn't even call it a car or an MPV or a van," he said. "It's more a lifestyle capsule. It's an iPod on wheels."

It will be the fifth model for Zeekr, a 2 1/2-year-old premium EV brand of China's Geely group, a major maker that owns Volvo and has designers in Sweden and Shanghai.

The Mix will go on sale in China by the end of June, the company said. Its selling price has not been announced.

THE HYBRID APPROACH

An EV boom in China that started three years ago has eaten into the market for gasoline-powered cars, but they are not dead yet.

So says Chery Automobile Co., China's biggest exporter, which told its auto show audience that it would continue to develop gasoline cars as well as EVs and hybrids.

Its EXEED Yaoguang C-DM, a hybrid SUV launched last month, was one of four vehicles it highlighted -- two hybrids and two EVs.

The Yaoguang SUV sells for 159,800 to 225,800 yuan ($22,000-$31,000) in China and is also aimed at overseas markets, a company news release said.

Hybrids, which have lagged EVs in China, are now seen as a growth opportunity. Last year, 2.6 million new hybrids were sold in China, about half the number of EVs. Together, they accounted for 36% of the market.

THE LUXURY TANK

Chinese EV maker BYD, known for its low-cost battery technology and cars, is also going after the high-end market in China, defined as 1 million yuan ($140,000) and up.

Its Yangwang brand introduced the latest version of the U8, a monster of an off-road SUV that was launched last September and is designed for survival in rugged conditions. It comes with a satellite phone in case a driver gets stuck beyond cell phone range.

The U8 is built on a platform that enables it to turn on the spot, like a tank. It's priced at 1.1 million yuan ($150,000). For 100,000 yuan ($13,800) more, buyers can add a built-in drone system.

A SIMPLER APPROACH

Volvo, the Swedish brand now under Geely, offered an answer for those overwhelmed by technology.

"The current EV market is marked by a prevalent trend of excess and addition," said Roger Yu, Volvo's managing director for sales in greater China.

He introduced the EX30 electric SUV as a user-friendly vehicle with a sophisticated sound system and a tablet screen that are both easy to use.

"By subtracting for ease of use and adding for safety, Volvo aims to give users the clearest interface, the most user-friendly operation, and the most reassuring intelligent experience," he said of the in-car screen.

The company announced that the EX30 would sell in China for 210,000 to 260,000 yuan ($29,000-$36,000).

___

Associated Press researcher Yu Bing and video producer Olivia Zhang contributed.

Continue Reading...

Popular

Former Las Vegas casino executive to be sentenced in bookmaking money laundering case

LOS ANGELES (AP) — A former top executive for major Las Vegas casinos was set to appear before a federal judge on Wednesday after admitting he allowed to gamble millions of dollars at the MGM Grand and pay off debts in cash.

Troubled EV Maker Fisker Said To Shut Down California HQ And Relocate Some Staff As Bankruptcy Clock Ticks

Some employees at the Manhattan Beach office have been informed of the relocation and have been asked to prepare for the move by collecting their belongings.

The Man Who Bought Bitcoin at $5 Reveals His Next Tiny Crypto Gem for 2024 - Ad

Early Bitcoin Millionaire Charlie Shrem just revealed his five little-known crypto coins that he believes could create generational wealth over the next 12 months. What's more, some of these tiny cryptos he's discovered trade for less than $1!

One Crypto Can Change Your Financial Life - Ad

The catch is you won't be able to become a millionaire by buying Bitcoin today. There are five little-known coins I've discovered that I believe will skyrocket over the course of the next few months.

Why Rivian Stock Is Charging Up Premarket Today

Ahead of a crucial earnings report, Rivian shares have taken off, although the upward move could be due to a reason unrelated to earnings.

Market Warning: Is BTC is Just the Start? - Ad

Missed out the AI craze, or BTC's 40% jump? 50-year Wall Street veteran Marc Chaikin just detailed another way to play this market rally.

Bitcoin Spot ETFs Register $217M Net Inflows On Monday

Bitcoin (CRYPTO: BTC) spot exchange-traded funds (ETFs) continue to attract significant investor interest, despite ongoing delays from the Securities and Exchange Commission (SEC) on

Nvidia's Secret Partner... This Is the New AI Chip Powerhouse - Ad

One unknown AI startup could match or even exceed AI's biggest runs in the coming years. Why? Because its technology solves the biggest problem holding back AI. It's a critical component that the industry can't advance without. This company just went public, so right now, it's under the radar.

China's president arrives in Europe to reinvigorate ties at a time of global tensions

PARIS (AP) — Chinese President Xi Jinping kicked off a three-country on Sunday with the continent divided over how to deal with Beijing's growing power and the U.S.-China rivalry.

No.1 Clean Energy Stock Pick for 2024? (Hint: Uranium) - Ad

During December 2023, the USA, France, UK, and Canada pledged to TRIPLE their nuclear capacity. Rocketing Uranium prices 74% in less than 6 months.

South Carolina Senate turns wide-ranging energy bill into resolution supporting more power

COLUMBIA, S.C. (AP) — A bill that power companies call vital to in South Carolina has been turned into a resolution that only expresses support for the idea by the Senate, which wasn't ready to give more latitude to utilities that cost ratepayers billions.

Elon Musk Shares Who He'd Want To Spend His Last Moments With In Response To Warren Buffett's Advice

Over the weekend, Elon Musk agreed with a sentiment shared by investment titan Warren Buffett about the importance of spending time with loved ones, despite their contrasting investment philosophies. 

Elon's New A.I. Device is About to Shock the World - Ad

Using this device you see... Elon Musk just tested a new type of A.I. that according to Wired Magazine will usher in... "The next step in human evolution."

Southwest Airlines is considering changes to its quirky boarding and seating practices

DALLAS (AP) — Southwest Airlines is studying changes to its quirky boarding and seating policies as it searches for ways to .

Market Warning: Don't Buy This... - Ad

Today's "bizzarro" market has one 50-year Wall Street veteran concerned. He believes most investors are about to make this huge mistake.

Why Is Apple Stock Soaring Premarket Today?

Apple shares appear on track to reclaim the $180 level for the first time since the start of March after quarterly earnings.

Buy Alert: Invest in This Coin Before... [Details Inside] - Ad

Today, Ian issued a new "buy alert. He's calling this one "the greatest investment in history," and adds: "All my data is clear. It will be 20X bigger than bitcoin. "But you'll want to invest before the upgrade date.

The $230 billion donor-advised fund industry gets an IRS hearing

WASHINGTON (AP) — Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on donor-advised funds, an increasingly popular way for donors to set aside money to spend on charitable causes.

Could Elon Musk's New Device Save Us from A.I. Apocalypse? - Ad

A strange new era for mankind is upon us... And it's all thanks to Elon Musk's latest creation. So he invented this strange new device to protect us against that A.I. threat. See this strange device you could be wearing some day.

Why Sprout Social Shares Got Crushed Friday

Shares of Sprout Social fell Friday after reporting first-quarter financial results Thursday and sharing Q2 guidance.Cloud software company Sprout Social (NASDAQ:SPT) saw shared fell 40% Friday after reporting first-quarter financial results Thursday.

Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questions

This year's gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone, but Buffett said for the first time Saturday that should also take responsibility for the company's investments after he takes over, raising new questions about the succession plan.

Must-See: Elon's New Invention is Absolutely Insane - Ad

When you click here and see what Elon Musk's new invention does... And how it works... You will NOT believe it. You'll tell yourself this is just science fiction. But Elon just tested this in a real human... And the result was mind-blowing.

Nvidia's AI Dominance Evident As Tech Behemoths From Microsoft To Meta And Google Keep Pumping Billions Into Chipmaker, Analysis Reveals

Nvidia is set to release its first-quarter earnings, and the company is already making waves in the AI sector. The tech giant's AI infrastructure is in high demand, as evidenced by the increased capital expenditures of its major clients.

"America's No. 1 Retirement Stock" (Name Inside) - Ad

According to the former Goldman Sachs VP -- who wrote a best-selling book on retirement -- one single stock stands head-and-shoulders above all others. And it should be the cornerstone of your portfolio. Have you heard of it?

Macron sets Ukraine as top priority as China's Xi Jinping pays a state visit to France

PARIS (AP) — French President Emmanuel Macron will seek to press China's Xi Jinping to use his influence to move Russia toward ending the war in Ukraine during a two-day . Both leaders were also expected to discuss trade disputes over electric cars, cognac and cosmetics.

Big Players In U.S. Cannabis Could Play The Stock-Value Card In M&A, New Report Shows

As the cannabis industry adapts to its new regulatory environment following the DEA's announcement it would move to 

Buy This Next Gen Crypto Before Its Big Upgrade - Ad

Experts predict this one crypto will soar 7,200% by the end of the decade... and grow 20X bigger than bitcoin. But you must get in before it's big.

Fraudsters target small businesses with scams. Here are some to watch out for

NEW YORK (AP) — It's never fun to be scammed, but if you're a small business owner then falling for a scam can have long-lasting effects on a business, damaging client relationships and profit.

What Should You Be Doing To "A.I.-Proof" Your Retirement? - Ad

A.I. is creeping into every aspect of our daily lives... According to billion-dollar fund manager Louis Navellier, it's never been more important to A.I.-proof your wealth. He lays out three simple steps to take ASAP in his latest video.

Bystander livestreams during Charlotte standoff show an ever-growing appetite for social media video

CHARLOTTE, N.C. (AP) — Saing Chhoeun was locked out of his Charlotte, North Carolina, home on Monday as law enforcement with high-powered rifles descended into his yard and garage, using a car as a shield as they were from the direction of his neighbor's house.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright smartmoneytrading.net
Privacy Policy | Terms of Service