🌎 BYD wants the world

Chinese carmaker BYD struggled to make a name for itself away from home | The British economy showed a glimmer of promise | [Finimize](   TOGETHER WITH     Hi {NAME}, here's what you need to know for March 14th in 3:12 minutes.   ❤️‍🔥 We all have our favorite banking system, social media site, and dating app. So check out our [guide to choosing the right trading platform]( with IG, and find out how to use your personal preferences to scout out the perfect investing platform for you too. [Read the free guide]( Today's big stories - BYD may have dethroned Tesla as the king of EVs, but the Chinese carmaker is struggling to make a name for itself on the global stage - Not all of the savviest portfolio ideas come from Wall Street – [Read Now]( - The British economy recovered its strength in January, after crumbling into a recession at the end of last year Hometown Hero [Hometown Hero] What’s going on here? BYD’s loyal local circle was strong enough to topple Tesla from the top spot, but the carmaker has struggled to [build]( street cred away from home. What does this mean? BYD has claimed 35% of China's EV market, earning it serious bragging rights over its rivals – none of which have more than a measly 10% share. Now, with Warren Buffett’s backing, the Chinese carmaker wants to make a name for itself outside its home market. Problem is, by the time BYD has adjusted EVs to meet country-specific standards and shipped them internationally, the cars can cost consumers up to 50% more than in China. And with EV makers already slashing their prices to convince cash-strapped drivers, BYD is struggling to compete. Mix in quality control issues, and the company’s falling behind on its target to bring international sales to 400,000 this year from 242,700 last year. Why should I care? Zooming out: BYD has kinks to smooth. Cars tend to be tweaked when they land in a new country, but BYD’s are known for needing more work than most. So far, the company’s made do with a patchwork approach, but it’ll need to become a leaner, meaner machine to keep up on the world stage. If the carmaker pulls that off, it could join the ranks of Chinese companies that have become household names around the globe, like bargain online retailers Temu and Shein. The bigger picture: You can’t rival loyalty. At least BYD has its local shoppers firmly buckled in. Even established Japanese car brands Nissan and Honda are struggling to pry customers from BYD’s grasp, forcing them to consider [trimming]( their production in China by 20 to 30%. That, at a time when their Chinese sales have already been slipping for three years. It won’t help that big-name Chinese smartphone brand Xiaomi is taking its [expertise]( to the roads, launching its first EV later this month. You might also like: [This Amazon-backed manufacturer could become the next Tesla.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Hometown Hero&utm_campaign=daily-global-14-03-2024&utm_source=email) Analyst Take Peter Lynch, Chris Camillo, And The Smart Investing Move You Can Make Now [Peter Lynch, Chris Camillo, And The Smart Investing Move You Can Make Now]( By Russell Burns, Analyst The [world’s best investors]( don’t all work on Wall Street. Quite frankly, you [don’t have to](. It’s not always where the brightest ideas are, anyway. See, I’ve been thinking a lot lately about two highly successful traders – one of them an industry legend and the other a retail investing legend – and there’s a [common thread]( between the two of them. What’s more, it’s a thread you can pull into your own portfolio. That’s today’s Insight: [how to invest like Peter Lynch or Chris Camillo](. [Read or listen to the Insight here]( SPONSORED BY CFA INSTITUTE Find out how to tell your delicacies from your duds Bitcoin spot ETFs have made the OG crypto more accessible than ever. Investors have made the most of it already, recently sending bitcoin past the $50,000 mark for the first time in two years. Crypto is known for being volatile though – sometimes that’s a handy hedge against traditional markets, sometimes it’s a bummer. So you need the chops to [assess whether bitcoin’s right for you](. You might want to sharpen your financial savvy with [the Investment Foundations certificate from CFA Institute](, then, work through the course at your own time online. You’ll walk away with a firm understanding of the investment industry, investment instruments, sharpened critical thinking skills – and [a shiny certificate]( to show off on LinkedIn, too. [Learn More]( When you support our sponsors, you support us. Thanks for that. If you want your brand featured here, [get in touch.]( One-Hit Blunder [One-Hit Blunder] What’s going on here? Data out on Wednesday [showed]( that the British economy picked up in January, which should hopefully change the tone after last year’s recession. What does this mean? The UK had maintained a characteristically stiff upper lip for months, despite inflation and high interest rates making it harder for Brits to spend money and spur on the economy. Not even a library worth of stoicism books could’ve stopped the country from slipping into a recession at the end of last year, though. Yet, Britain’s services and construction sectors kept plodding on, so much so that the economy grew by 0.2% in January from the month before, keeping pace with predictions. That’s a welcome relief after December’s 0.1% decline from the month before. Even more importantly, it puts the UK’s economy on track to grow this quarter, wiping the slate clean after that mild recession. Why should I care? For markets: The crystal balls aren’t clear. Tuesday’s jobs data showed that British wages picked up at a slower-than-expected pace between November and January versus the same time the year before, while unemployment ticked up a little. That bodes well for inflation, encouraging traders to up their bets on the Bank of England cutting interest rates this year. Mind you, with January’s data showing that the economy can handle high rates for now, the central bank might not bother taking the risk by loosening the reins on inflation. The bigger picture: Slowly, not surely. Even though Britain showed a bit of gusto in January, the economy was still 0.3% smaller than at the same time last year. Now, plenty of forecasters think rising wages, easing inflation, and lower interest rates will give the economy a nudge this year. That said, the same number crunchers still expect the UK to trail behind France, Italy, Japan, the US, and Canada, even with the wind blowing in the right direction. You might also like: [The UK’s economy might benefit the most from AI.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=One-Hit Blunder&utm_campaign=daily-global-14-03-2024&utm_source=email) 💬 Quote of the day "To live is to think." – Marcus Tullius Cicero (a Roman statesman and lawyer) [Tweet this]( SPONSORED BY ARCHAX Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. [Take 2 minutes to learn more](. 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This is a high-risk investment and you should not expect to be protected if something goes wrong. [Take 2 minutes to learn more](. When you support our sponsors, you support us. Thanks for that. If you want your brand featured here, [get in touch.]( 🎯 On Our Radar 1. First, TikTok went quiet. Now, [the app might disappear]( for good. 2. Back to the futures. Get to the root of trading futures and (why you’d want to) with this [free guide](.* 3. You look good – full stop. Helen Mirren wants to strip “[for your age](” from our vocabulary. 4. Trading platforms are a dime a dozen. [Here's how to find one]( that's really worth your money.** 5. We’re going all the Way(mo). Austin better prepare for [driverless taxis](. **Your capital is at risk. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. When you support our sponsors, you support us. Thanks for that. SPONSORED BY HEALTHWORDS.AI [HEALTHWORDS.AI]( When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🤩 Coming Up Soon... All events are in UK time. 🏦 [How To Build Your ISA Portfolio:]( 5pm, March 26th 💸 [How To Become An ISA Millionaire:]( 5pm, March 27th 💪 [Building Wealthy Women: Investing in Your Future:]( 5pm, April 11th 🚀 [2024 Modern Investor Summit](: 2pm, December 3rd ❤️ Share with a friend Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. You stay classy, {NAME} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? 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