The Conflicts Brewing In America's Ten Classes

Japan's Auto Giants Are Losing The EV Race To China Japan’s car industry is being forced into a major reset as Chinese automakers rapidly outpace traditional rivals in electric vehicles, software, and manufacturing speed, according to Nikkei. The shift is especially visible at Honda Motor. In 2021, CEO Toshihiro Mibe pledged that EVs and fuel-cell vehicles would account for all new Honda sales by 2040. Last week, however, he admitted the plan was “not realistic under the current circumstances,” formally backing away from the target. Nikkei writes that Honda’s retreat marks a sharp...

10Y Auction Tails As Foreign Demand Dips After yesterday's impressive 3Y auction, moments ago the Treasury sold $39 billion in benchmark, 10Y paper, in what was a mediocre auction. The auction, a 9-Year 10-Month reopening of cusip CPX8, stopped at a high yield of 4.282%, up from 4.217% last month and the highest since last August. It also tailed the When Issued 4.280% by 0.2bps, the third consecutive tail in a row. The bid to cover dipped to 2.429 from 2.449, and was also below the six-auction average of 2.48. The internals also...

Flying Car Industry Turns To Solid-State Batteries For Commercial Takeoff Authored by Bojan Stojkovski via Interesting Engineering, Solid-state battery advances could accelerate flying car adoption. GACAs the flying car industry moves from prototype development toward commercial deployment, attention is increasingly shifting to the technologies needed to support safe and scalable operations. Su Qingpeng, founder and CEO of GAC Govy, a low-altitude mobility company incubated by GAC, recently described solid-state batteries as the "essential path" for the future of flying cars, highlighting their potential to deliver the energy density and safety required for...