BYD’s plan to launch a heavy-duty electric truck in Europe next year and eventually manufacture trucks locally marks an important expansion of Chinese competition into one of the continent’s most strategically important industrial markets. The company is no longer positioning itself simply as an exporter of electric vehicles. It wants to become a local European manufacturer with an integrated commercial ecosystem covering vehicles, financing, charging infrastructure, maintenance and roadside support.

That distinction matters because heavy trucks are a very different market from passenger cars. Fleet operators are less influenced by branding and consumer sentiment and more concerned with total cost of ownership, vehicle uptime, charging availability, financing, maintenance and residual value. BYD’s decision to offer a full package rather than just a truck suggests it understands that competing successfully in commercial vehicles requires control over the broader operating system around the vehicle.

Hedge funds, including Anchorage Capital Advisors and Squarepoint Capital LLP, are taking advantage of falling cobalt prices and the increasing liquidity of the futures market by investing in physical cobalt. This move comes as cobalt prices have dropped to their lowest in over seven years due to an oversupply driven by…

New York’s climate week has never been larger, and yet the mood among financiers has rarely felt more distant from the old rhetoric of “greening” balance sheets. Bankers who once spoke in the grammar of net-zero pledges now frame their deal pipelines around two imperatives that feel politically safer and commercially clearer: securing enough power for the artificial-intelligence boom and hardening the grid for reliability.

The upshot is a decisive pivot away from portfolio “decarbonization” as a headline goal and toward bankable energy supply, with lenders stressing projects that can clear today’s cost of capital without relying on soft benefits or reputational lift.