Markets

The Chinese tech company’s automotive arm launched a driving training program for SU7 owners to enhance driver skills and safety. The program, starting in Beijing, features modules on acceleration, braking, slalom courses, gymkhana, and skid control. The company will expand the free training to over ten cities, offering it to 10,000 owners, improving brand loyalty and road safety.

Eskay Mining Corp. is launching an aggressive June exploration campaign in British Columbia’s Golden Triangle, focusing on the high-grade gold veins at its Consolidated Eskay project. They aim to expand the Vermillion zone, where significant assays were discovered in 2024. CEO Mac Balkam highlights the project’s potential, citing its proximity to Newmont’s Brucejack Mine and aiming to refine a drilling strategy. Exploration will also target the Ted Morris and Big Red zones.

In BYD’s annual shareholder meeting, Chairman Wang Chuanfu revealed his deep personal investment in the company, stating BYD is his sole business. He emphasized a focus on green technology and innovation, aiming to make BYD the “Toyota of the future” with a global expansion plan targeting 10 million vehicles annually. The company has approximately 600,000 undelivered orders with a 5-6 months delivery timeline.

Jack Greener, a 30-year-old, scaled Colorado’s Mount Bierstadt despite severe disabilities inflicted during a Jiu-Jitsu training incident. A black belt instructor’s maneuver caused a spinal cord injury and strokes, leading to near-death. After a long recovery, he sued and won a $56 million settlement. This story underscores Greener’s resilience in overcoming adversity despite permanent physical limitations.

Pony.ai is accelerating its Robotaxi ambitions, beginning public road testing of its seventh-generation autonomous vehicles in Guangzhou and Shenzhen, China. Built on GAC’s Aion V model, the Gen-7 system boasts automotive-grade components, reduced costs, and versatile design. With advanced sensors and the “PonyWorld” model, the company aims for full-scenario operation. Strategic partnerships and over 45 million kilometers of testing position Pony.ai for mass production and a fleet exceeding 1,000 vehicles by the end of 2025.

Samsung’s 12-layer HBM3E memory is facing delays in obtaining NVIDIA certification, potentially pushing the timeline to Q4 2025. This setback for the tech giant, which previously aimed for earlier certification dates, could impact its market strategy and revenue. Meanwhile, competitors like Micron are poised to gain market share, as they are actively pursuing HBM3E opportunities, notably with NVIDIA’s GB300 project.

Diversified Energy Company PLC announced the repurchase of 31,898 ordinary shares on June 5, 2025, at an average price of $13.9421 per share. The repurchased shares will be retired, resulting in 78,672,415 ordinary shares outstanding.

Huawei’s Yu Chengdong and other Chinese automotive industry leaders warn against price wars, emphasizing the value of quality and innovation over unsustainable low prices. They advocate for value competition, prioritizing product features, customer experience, and ethical business practices. This stance reflects concerns over declining quality, compromised service, and the long-term risks associated with relentless price cutting in the automotive sector.

Elon Musk’s strained relationship with Donald Trump has negatively impacted Tesla, resulting in a $150 billion drop in market capitalization. Despite this, Musk remains the world’s wealthiest individual, with a net worth of approximately $388 billion, far exceeding Mark Zuckerberg’s. Trump’s net worth is $5.4 billion. The cause of the conflict is unclear, but Musk has been critical of Trump.

Dassault Systèmes announced its strategy to double its non-IFRS diluted EPS by 2029 facilitated by its 3D UNIV+RSES initiative. The company aims to create virtual-plus-real (V+R) environments using Gen AI, significantly boosting productivity and securing intellectual property. This strategy, revealed at its Capital Markets Day, focuses on industrial innovation, mainstream markets, and life sciences, with a live webcast available for investors.