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☆ How Denisovans survived and thrived on ‘the roof of the world’
▼ + stars: | 2024-07-03 | by ( Katie Hunt | ) edition.cnn.com time to read: +8 min

“We know that the Denisovans lived, occupied the cave and this Tibetan plateau for such a long time, we really want to know, how did they live there? Analysis of bone fragments unearthed during excavations at Baishiya Karst Cave have revealed what animals Denisovans butchered, ate and processed. Traces of Denisovan DNA found in present-day people suggest the ancient species likely once lived across much of Asia. Many of the bones recovered from Baishiya Karst Cave, like this spotted hyena vertebra, contain traces of human activities such as cut marks. Unlike Denisova Cave, which was occupied by early modern humans and Neanderthals as well as Denisovans, current evidence suggests that Denisovans were the only group of humans to live at Baishiya Karst Cave, Zhang said.

Persons: CNN — Denisovans, Denisovans, ”, Dongju Zhang, Zhang, Denisovan, Frido Welker, Xia Li, Welker, Dongju, Samantha Brown, ” Brown Organizations: CNN, Lanzhou University, Globe, Paleoanthropology, University of Copenhagen, Mass, Junior, Palaeoproteomics, Germany’s University of Tübingen Locations: Xiahe, China’s Gansu, —, China, Lanzhou, Cave, Altai, Siberia, Asia, Laos, Southeast Asia, Ganjia, Australia

☆ Chinese government bonds are on fire. That’s ringing alarms bells in Beijing
▼ + stars: | 2024-07-03 | by ( Laura He | ) edition.cnn.com time to read: +7 min

“What worries policymakers is the interest rate risk, which will rise once the dominant narrative shifts from deflation to reflation,” Hu from Macquarie said. If that happens, bond yields will rise as investors switch back into riskier stocks. The country’s “4,000 or so small and medium-sized banks” will be particularly vulnerable to the interest rate risk, he added. “The bubble formed by the rush of funds into the bond market is accumulating interest rate risks,” the Securities Times said in an editorial. Economic risksThe rapid decline in Chinese bond yields also poses significant risks to the economy.

Persons: “, ”, Pan Gongsheng, SVB, Larry Hu, ” Hu, Macquarie, Hu, Zhang Jiqiang, Ken Cheung Organizations: Hong Kong CNN, Silicon Valley Bank, People’s Bank of China, prudential, “, Federal Reserve, Macquarie Group, Zheshang Securities, Securities Times, Japan’s Norinchukin Bank, Huatai Securities, Mizuho Securities Locations: Hong Kong, Silicon, United States, Shanghai, China, Beijing, SVB, outflows

☆ I'm the son of a billionaire who forged my own career path
▼ + stars: | 2024-07-03 | by ( Jane Zhang | ) www.businessinsider.com time to read: +9 min

And if you're not going to do a job, don't do a job." AdvertisementThe next summer, I got a product management internship at a startup called Travelnuts, which I liked. At a certain point, maybe I'll plateau or stop progressing, and I'll have to choose to stop because I'm just not good enough. I'm 29 now, so the idea that in about five years, I'm supposed to roughly know my trajectory kind of haunts me. I'm pretty confident in my comedy, so I'm full speed ahead on being a comedian.

Persons: Pete Ballmer, Steve Ballmer, would've, Harry Potter, he'd, I'd, I'm, I've, wouldn't, Jane Zhang Organizations: PCWorld Magazine, Business, Stanford, Zynga, Friends Locations: San Francisco, TripIt, Farmville, Expedia, Bay, janezhang@businessinsider.com

☆ My parents pay my bills ever since I moved back in with them at 25. When I get older, I plan to return the favor.
▼ + stars: | 2024-07-02 | by ( Kaila Yu | ) www.businessinsider.com time to read: +5 min

I'm 25 years old and my parents still pay my bills and rent, which is a big help as I'm in grad school. My parents cover my bills because I'm still in schoolI graduated from Chapman University with a bachelor of arts in psychology in 2023. AdvertisementMy parents still pay most of my bills because I'm a student. One of the main reasons I had to move out of my parent's house was that I didn't want to commute from Los Angeles to Orange County daily during undergrad. I also can't wait to be able to help my parents retire early because they've worked so hard and long.

Persons: —, Nadeshiko Zhang, It's, I'm, they've, they'll, Chapman, I've, he'll, Manseen Logan Organizations: Service, Business, Chapman University, Chicago School, Cal, Sport, FBI Academy Locations: Baldwin Park , California, Anaheim, Los Angeles, Orange County, mlogan@businessinsider.com

☆ Wimbledon recap day one: Coco Gauff joined by lucky losers in women’s draw, Tiafoe rises
▼ + stars: | 2024-07-01 | by ( Charlie Eccleshare | Matthew Futterman | ) www.nytimes.com time to read: +15 min

Welcome to the Wimbledon briefing, where The Athletic will explain the stories behind the stories on each day of the tournament. For world No 2 Coco Gauff, the draw at this year’s Wimbledon has been more than kind: It’s been positively loving. There are no Wimbledon champions in this half of the draw, but there is still a four-time slam winner. (Glyn Kirk / AFP via Getty Images)Can Frances Tiafoe make this the first day of the rest of his tennis life? Tiafoe came back from two sets down for the first time in his career, winning 6-7(5), 2-6, 6-1, 6-3, 6-3.

Persons: Casper Ruud, Aryna Sabalenka, Frances Tiafoe, Casper Ruud’s, Ruud, Alexander Zverev, Alex Bolt, Henry Nicholls, I’m, ”, Swiatek, you’ve, Coco Gauff, Victoria, Zheng, Lulu Sun, Mirra, —, Brenda Fruhvirtova, Jasmine Paolini, Maria Sakkari, Gauff, Caroline Dolehide, Naomi Osaka, Diane Parry, Glyn Kirk, Tiafoe, Mateo Arnaldi, ” Tiafoe, He’s, Roland Garros, craves, Borna Coric, — Carlos Alcaraz, Ben Stansall, Erika Andreeva, Britain’s Sonay Kartal, Aryna, Linda, Erika, Donna Vekic, rika, ade, ound, hird, Ber, G, 🇦🇷 18 S. Baez, 🇿 J., Kor, Borge, Dan, 🇪 E., Diaz, Hurkacz 🇲🇩 R, 🇸 J., . Ju, Kar, J, Fearnley, 🇹 1, Nakashima 🇦 🇺 J., F. J, 🇷 P., eva 🇩🇪, 🇦, A. Pot, Colli, 🇸, . Wozniacki, Bro, Fer, U vardy, Tomova 🇺 🇸, 🇴, K, 🇿 K., Yastrems, 🇷, Wang, 🇹, Danilo, eva, 🇯, Nava Organizations: Wimbledon, London, Getty, Tennis, Victoria Azarenka, U.S, 🇬, Monfils, ritz, emi, eni, Sta Locations: Wimbledon, Halle, Germany, Queen’s, London, Norway, Swiatek’s, Italy, AFP, Roehampton, Russian, Croatia, novi, Bou, Ste

☆ I drove Nissan's best-selling Rogue SUV and was impressed by its controversial 3-cylinder engine.
▼ + stars: | 2024-06-30 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

The Nissan Rogue compact SUV is Nissan's best-selling model in the US. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn 2022, Nissan boldly decided to replace the 2.5-liter, four-cylinder engine in its compact Rogue SUV with a turbocharged three-cylinder. We've seen this engine configuration in small economy cars like the Mini Cooper but never in a 3,500-pound SUV. The move was particularly daring considering that the compact Rogue SUV is far and away Nissan's most popular model in the US.

Persons: —, Cooper Organizations: Nissan, Service, Business

☆ These are the best airlines in the world to fly in business class, according to travelers — see the full list
▼ + stars: | 2024-06-27 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

Qatar Airways and its Qsuite business class cabin took top honors. Skytrax rankings are based on surveys of travelers from more than 110 countries. AdvertisementQatar Airways offers the best business-class cabin in the world, according to travelers polled by travel industry rating company Skytrax. Skytrax published its latest rankings in June as part of the 2024 World Airlines Awards, which also named Qatar Airways the best airline in the world. Business-class offerings from Asian and Middle Eastern airlines took the top six spots in the Skytrax rankings which are compiled using feedback from over 350 airlines from travelers representing over 100 countries.

Persons: Skytrax, — Organizations: Qatar Airways, Service, Business

☆ Bugatti's new $4 million hypercar has 1,800 horsepower and gauges made with titanium and rubies — see the Tourbillon
▼ + stars: | 2024-06-26 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

Bugatti unveiled its new Tourbillon hypercar powered by a 1,800 horsepower V16 hybrid engine. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBugatti recently unveiled its new flagship hypercar, the Tourbillon. The Tourbillon, pronounced toor-bee-yawn, is the successor to Bugatti's recently discontinued Chiron hypercar launched back in 2016. This story is available exclusively to Business Insider subscribers.

Persons: Bugatti, —, Bugatti's, Chiron hypercar Organizations: Service, Volkswagen Group, Business

☆ How to get long an energy stock with substantial comeback potential, according to options trader
▼ + stars: | 2024-06-26 | by ( Tony Zhang | ) www.cnbc.com time to read: +2 min

SLB (SLB) has been on our radar for some time and its recent underperformance produces an interesting opportunity to gain long exposure with substantial upside potential. That's nearly a 35% discount to the average S & P 500 stock, implying that the technical upside target is well within its historical valuation range. With low volatility, options prices on SLB are extremely inexpensive and would benefit from a simple strategy such as buying a call option. Additionally, we are only risking 7.7% of the stock's price to gain unlimited upside exposure. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: SLB, That's Organizations: CNBC, NBC UNIVERSAL

☆ Zhang Ziyu: China’s 7-foot-3 teenage basketball star shows promise at youth tournament
▼ + stars: | 2024-06-25 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —At 7-foot-3, China’s teenage basketball star Zhang Ziyu looks to have an exciting career ahead of her. On Monday, Zhang came off the bench for her international debut and scored 19 points on 9-for-9 shooting in just 13 minutes, helping China brush aside Indonesia 109-50. “Zhang Ziyu is a cheat code,” a social media user said on X, formerly known as Twitter. Zhang is officially listed on FIBA's website as being 7-foot-3. FIBA lists Zhang as 7-foot-3 on its official website, meaning she is only one inch shorter than San Antonio Spurs star Victor Wembanyama.

Persons: Zhang Ziyu, Zhang, “ Zhang Ziyu, Fred Lee, Victor Wembanyama, Yao Ming Organizations: CNN, FIBA, Asia, International Basketball Federation, Twitter, Wednesday, Japan, San Antonio Spurs, NBA, WNBA Locations: China, Indonesia, New Zealand

☆ China’s Chang’e-6 moon mission returns to Earth with historic far side samples
▼ + stars: | 2024-06-25 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Hong Kong CNN —China’s Chang’e-6 lunar module returned to Earth Tuesday, successfully completing its historic mission to collect the first ever samples from the far side of the moon in a major step forward for the country’s ambitious space program. “The Chang’e-6 lunar exploration mission has been a complete success,” said Zhang Kejian, head of the China National Space Administration (CNSA), from the control room. Once they receive the samples, Chinese scientists are expected to share data and carry out joint research with international partners, before Beijing later opens the samples for access by international teams, according to statements from CNSA officials. China and the US are not alone in eyeing the national prestige, potential scientific benefits, access to resources and further deep space exploration that successful moon missions could bring. Last year, India landed its first spacecraft on the moon, while Russia’s first lunar mission in decades ended in failure when its Luna 25 probe crashed into the moon’s surface.

Persons: China’s, ”, Zhang Kejian, Xi Jinping –, –, zhong ”, Luna, James Head, Yuqi Qian, Artemis, Bill Nelson, ” Nelson Organizations: Hong Kong CNN, Tuesday, CCTV, China National Space Administration, CNN, Brown University, “, University of Hong, International, NASA, Luna Locations: Hong Kong, Mongolia, United States, Beijing, China, Soviet, University of Hong Kong, India, Japan, Texas, Chang’e

☆ These are the best airlines in the world, according to a survey of travelers — see the full list
▼ + stars: | 2024-06-24 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

Airline ratings company Skytrax has released its 2024 list of the best airlines in the world. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementQatar Airways has reclaimed the title of best airline in the world after losing out in 2023, according to travel industry rating company Skytrax. Skytrax announced the results of the World Airline Awards, which polled travelers from over 100 countries on their impressions of more than 350 airlines, at a gala on Monday in London. This story is available exclusively to Business Insider subscribers.

Persons: Skytrax, — Organizations: Qatar Airways, Singapore Airlines, Service, Business Locations: London, Asia

☆ I drove the new $55,000 Nissan Z, and it lives up to its reputation as an iconic sports car
▼ + stars: | 2024-06-23 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +2 min

The Nissan Z was an absolute blast to drive. The Nissan Z's cabin. On a winding road, the Bridgestone Potenza-shod car handled the corners with the surefooted confidence expected of a world-class sports car. They were monsters in a straight line but felt heavy and unsure of themselves in the corners. According to Motor Trend, the Nissan Z Performance with the manual transmission can go from 0 to 60mph in just 4.9 seconds.

Persons: Benjamin Zhang, it's, hasn't, gunning Organizations: Nissan, Bridgestone Potenza, 350Z, Motor

☆ My internship at Bridgewater Associates felt like a 'Black Mirror' episode
▼ + stars: | 2024-06-23 | by ( Jane Zhang | ) www.businessinsider.com time to read: +11 min

The summer after my sophomore and junior years at Harvard University, I interned at Bridgewater Associates, the world's largest hedge fund. AdvertisementAnd while I definitely see parallels between my time at Bridgewater and that "Black Mirror" episode, I look back fondly on my time there. AdvertisementAuthenticity is a big thing at Bridgewater, so I went into the interview wanting to be completely myself. I worked on a lot of diversity initiatives, figuring out how to make Bridgewater more streamlined and accessible to employees. It helped shape who I am today, especially how I think about feedback, work, and the relationships I have at work.

Persons: Daria Rose, Ray, , I've, Ray Dalio, would've, She'd, Myers, —, we'd, I'd, It's, Dalio, it's, it'd, Ray Dalio isn't, We'd, Jane Zhang Organizations: Bridgewater Associates, Business, Harvard University, Bridgewater, Harvard, Briggs Locations: Ray Dalio's, Bridgewater, Westport , Connecticut, janezhang@businessinsider.com

☆ An options bet that wins if this payments stock has finally bottomed
▼ + stars: | 2024-06-20 | by ( Tony Zhang | ) www.cnbc.com time to read: +2 min

After peaking back in July of 2021, the stock has declined nearly 80% and has spent the last 12 months forming a bottoming formation and has stabilized its decline. The question is, when is the stock potentially ready to breakout higher? Now if we examine the fundamentals, the business has started to look more compelling over the past couple of quarters. The trade Based on the implied volatility, options are not particularly cheap or expensive, but the skew benefits selling a put credit spread. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: PYPL Organizations: PayPal Locations: PYPL

☆ 3 surprising things people think are OK to do on planes, according to a poll
▼ + stars: | 2024-06-20 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +4 min

The seatbelt light. Pete Syme/Business InsiderKeep your seatbelt onSpeaking of unbuckling seat belts, 47% of respondents said it is acceptable to do so when the seatbelt light is switched off. AdvertisementI think there's a fundamental disconnect between what switching off the seatbelt light means to the flying public and what it actually means. Switching off the light means passengers may now safely get up to use the lavatory or retrieve something from the overhead compartment. Even though aircraft are vacuumed in fairly frequent intervals, their carpets see a lot of passengers between more thorough cleanings.

Persons: —, Pete Syme, it's, Ming Tung Organizations: Service, Business, Air, Toronto Locations: Air France

☆ How investors can stay protected with emerging market opportunities
▼ + stars: | 2024-06-20 | by ( Natalie Zhang | ) www.cnbc.com time to read: +1 min

Investors may want to consider hedging their emerging market plays, according to one exchange-traded fund expert. Ben Slavin, global head of ETFs and managing director at BNY, said that while there have been notable inflows into Indian, European and Japanese ETFs, investors should account for the strength of the U.S. dollar. The iShares MSCI Japan ETF (EWJ) gives investors exposure to Japanese equities but does not account for fluctuations between the Japanese yen and the U.S. dollar. The WisdomTree Japan Hedged Equity Fund (DXJ) , which gives exposure and accounts for fluctuations, has grown more than 20% in that same time frame. And ETFs have those different options available for investors to allocate one way or the other," Slavin said.

Persons: Ben Slavin, Slavin, CNBC's Organizations: U.S ., Japan Hedged Equity Locations: Japan

☆ Decagon raises $35 million from Accel and A16z to build AI customer support agents. Here's an exclusive look at the pitch deck it used.
▼ + stars: | 2024-06-18 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +1 min

AI startup Decagon builds AI agents to automate customer support for enterprise customers. Founded in July 2023, Decagon uses generative AI to automate customer support for enterprise customers. The company has emerged from stealth and raised $35 million in funding for its seed and Series A rounds. Accel led the company's $30 million Series A, with participation from Andreessen Horowitz, A*, and Elad Gil. A16z led the company's $5 million seed round.

Persons: Andreessen Horowitz, —, Jesse Zhang, Ashwin Sreenivas, Zhang, Elad Gil, A16z, Decagon, Aaron Levie, Howie Liu Organizations: Accel, Service, Decagon, Business

☆ I drove Hyundai's rugged new $40,000 family SUV. It's packed with useful tech but rough around the edges
▼ + stars: | 2024-06-17 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

The Hyundai Santa Fe is a three-row mid-size family SUV that's all-new 2024. I was disappointed by its laggy power delivery, excessive road noise, and intrusive safety tech. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Squeezed in between the compact Tucson and the midsize Palisade is the Santa Fe.

Persons: —, that's Organizations: Hyundai, Service, Business Locations: Hyundai Santa Fe, Kona, Tucson, Palisade, Santa Fe

☆ China says 2 military employees sold 60 pounds of secret documents to a recycling plant, allowing a shopper to bag 4 volumes for under $1
▼ + stars: | 2024-06-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewChina's State Security Ministry said on Thursday that a retiree had somehow secured four volumes of confidential military documents at a recycling store for just 85 cents. According to the post, Zhang is a former employee of a state-owned enterprise and collects military newspapers and magazines as a hobby. Related storiesThe State Security Ministry said agents rushed to Zhang's home and seized the documents. AdvertisementUpon investigating the scrap store, the state security ministry discovered that Zhang's purchase had been part of eight volumes of 200 secret documents marked for disposal, the post reads. China's State Security Ministry has, in recent months, regularly urged the public to assist in reporting foreign espionage.

Persons: —, Grandpa Zhang, Zhang, Guo, Li, William Burns rankled, We've, Burns Organizations: Service, Security Ministry, Business, State Security Ministry, China's State Security Ministry, CIA, Street Journal . Locations: Beijing, China, William Burns rankled Beijing, Colorado, Street Journal . China

☆ Why Donald Trump loves his Boeing 757 private jet even though almost everyone else ditched the plane
▼ + stars: | 2024-06-13 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +7 min

AdvertisementThere's a common saying in the business-aviation industry: The private jet isn't a luxury; it's a time machine. The point of a private jet is to save its occupant time and increase their productivity. AdvertisementThe old (top) and new (bottom) paint jobs on Trump's Boeing 757 private jet. AdvertisementTrump aboard his Boeing 757 private jet. But what stands out the most about the Boeing 757 is that it's the muscle car of the airline world.

Persons: —, there's, Donald Trump's, it's, Thomas Pallini, Donald, Trump, Gene J, Paul Allen, N757AF, Taylor Swift, John Minchillo, James Devaney, Drake, Andrew Milligan, Royce RB211, Whitney Organizations: Service, Boeing, Business, Bombardier, Gulfstream, Bombardier Global, Trump, New York Times, Trump Force, AP Trump, Microsoft, Sterling Airlines, TAESA, DHL, FedEx, Qatari, Images, Pratt, Airbus, Shanghai Airlines, Delta Air Lines Locations: Danish, Delta, Saudi, Paris, New York, Renton , Washington

☆ Trump's Boeing 757 isn't the perfect private jet, but it's perfect for him
▼ + stars: | 2024-06-13 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +7 min

The point of a private jet is to save its occupant time and increase their productivity. AdvertisementThe old (top) and new (bottom) paint jobs on Trump's Boeing 757 private jet. AdvertisementTrump onboard his Boeing 757 private jet. But what stands out the most about the Boeing 757 is that it's the muscle car of the airline world. Trump's Boeing 757 before receiving a new livery in 2022.

Persons: —, Donald Trump's, it's, Thomas Pallini, Donald, there's, Trump, Gene J, Paul Allen, N757AF, Taylor Swift, John Minchillo, James Devaney, Drake, Andrew Milligan, Royce RB211, Whitney Organizations: Service, Boeing, Business, Bombardier, Gulfstream, Bombardier Global, Trump, New York Times, Trump Force, AP Trump, Microsoft, Sterling Airlines, TAESA, DHL, FedEx, Qatari, Saudi Royal Families, Images, Pratt, Airbus, Shanghai Airlines, Delta Air Lines Locations: Danish, Delta, Paris, New York, Boeing's Renton , WA

☆ A bullish options trade that wins if the high-end consumer keeps spending on restaurants and travel
▼ + stars: | 2024-06-12 | by ( Tony Zhang | ) www.cnbc.com time to read: +2 min

As consumers become more selective in their spending, restaurants and travel remain bright spots in consumer spending. I'll review a bullish options trade that wins if this trends continues. With net interest income and card fees expected to grow, this discount reflects the upside opportunity for AXP to trade back towards its 52-week highs and beyond. The trade Looking at implied volatility, options are not cheap but also not expensive. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: it's, AXP Organizations: American Express, AXP

☆ Artists are terrified Instagram is stealing their work. They're turning to hot platform Cara — but it's not a perfect solution.
▼ + stars: | 2024-06-12 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

Read previewSome artists are angry that Meta is using their photos on Instagram and Facebook to train its artificial intelligence models. Some artists are moving to Cara, a social media platform designed for artists. Losing hard-earned followingsProfessional artists said they have issues with Instagram beyond AI, including that they feel forced to buy ads to be seen. Far from perfectArtists, including Kent in San Francisco, said they're using platforms like Cara to hedge against the whims of any one platform. Switching platforms comes with its own headaches — the spike in new Cara users led to a series of app crashes last week.

Persons: —, they're, Christina Kent, Cara, Jingna Zhang, Chris Cox, Meridian Culpepper, — it's, Kent, Culpepper, I'm, Noah Smith, haven't Organizations: Service, Facebook, Business, Meridian, Meta, Singapore, Washington Post Locations: San Francisco, Cara, Luxembourg, Instagram, Los Angeles, Singapore, Kent

☆ Kia says hybrids aren't a threat to EVs but are the perfect gateway to electrification
▼ + stars: | 2024-06-11 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +5 min

While EV sales fell in the first quarter of 2024 by more than 15% compared to the previous three months — their first drop since 2020 — hybrid sales are booming. But Kia sees hybrids as an opportunity to get potential BEV buyers in the door. AdvertisementBut if you look at the largest and arguably most important segment these days, compact SUVs, hybrids account for nearly one-fifth of sales, Kosowski said. AdvertisementFor Kia, building hybrids instead of EVs affects its bottom line beyond the revenue it generates. EVs cost substantially more to build than ICE and hybrid vehicles.

Persons: —, Steve Kosowski, Kia, Kosowski, Kia Niro, ROBIN TRAJANO, BEV, ZEV Organizations: Service, Business, Long, Kia Motors America, EV, Kia, ICE Locations: PWC

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