₦airaland Forum

Lithiumite:
Open your eyes and see,They only make you think oil and gas are the only booming sectors in the Nigerian economy.....there are several others where people are cleaning out seriously but they don't want you focusing there.

We don’t have any working aluminum processing facility in Nigeria, so how are we exporting billets? Maybe they are exporting scrap aluminum.

Elusive001:
Please which companies did the say produced the aluminium that were exported?

They are exporting scrap aluminum.

Max24:
You go explain tire... !

Explain what? .....unburdened by what has been?

Trump was a Democrat at one point, so it's not surprising.

MT:
Not shot.

It was a cracking, popping sound.

Stop misleading people. Secret service has not said what happened.

Alarmist!

Propagandist!

Huawei is in the midst of one of the most stunning comebacks in the history of the tech industry.

The Chinese giant, which has been a flashpoint in the escalating rivalry between Washington and Beijing, says more than 900 million smartphones now use its in-house operating system Harmony OS.

“We have done in 10 years what our European and American counterparts have done in more than 30 years, and have achieved independent control of the core technology of the operating system,” Richard Yu, the chairman of Huawei’s consumer business group, said at a developer forum on Friday.

Harmony, which is called “Hongmeng” in Chinese, was first unveiled in 2019, months after Huawei was placed on a US trade blacklist that barred American firms from selling tech and software to the Chinese tech company without a license.

US policymakers have long claimed that Huawei poses a national security risk, alleging that the Chinese government could use the company’s equipment to spy. The company repeatedly denied those allegations, but that didn’t stop some American allies — such as the UK — limiting Huawei’s role in building 5G networks.

The US ban prevented companies like Google (GOOGL) from supplying new Huawei devices with its version of Android OS. Those restrictions dealt a huge blow to the Chinese firm’s smartphone ambitions at the time, with some analysts predicting the Huawei phone would become “a brick.”

Now the company is once again making its way back to the top. It’s also venturing into new businesses. Last year, it launched an electric sedan to take on Tesla’s Model S. And it has big ambitions in artificial intelligence (AI).

Nvidia (NVDA), which is running neck and neck with Microsoft (MSFT) as the most valuable public company in the world, earlier this year named Huawei a top competitor in a number of areas, including in the production of processors that power AI systems.

Yu said Friday that Huawei’s own AI framework, composed of its Ascend processors, was 1.1 times more effective in training large language models than mainstream international offerings. He did not name the competitors.

A surprise development
But it’s in smartphones that the revival is so far most obvious. Sales of Huawei’s flagship smartphones rose 72% in the first five months of 2024, compared to the same period a year ago, Yu added, underscoring the company’s ambitions to claw its way back to the top despite severe US restrictions.

The Shenzhen-based conglomerate’s popular Mate 60 Pro smartphone made headlines last year when the US government sought more information about the model, which included a sophisticated processor.

Its debut shocked industry experts who questioned how the company could acquire such chips following sweeping efforts by the US to restrict China’s access to foreign chip technology because of national security concerns.

The company’s net profit soared 564% to $2.71 billion in the first quarter, and that robust jump comes after it recorded its fastest revenue growth in four years in 2023, thanks to a pick-up in its consumer segment and income from new businesses like smart car components.

Huawei is also going after another of the biggest companies in the world. The success of its smartphones in China have directly impacted Apple (AAPL) in the premium segment, according to data from Counterpoint Research in April.

The iPhone maker, which led China’s smartphone market with a near 20% share in the first quarter of 2023, fell to third spot in the first three months of this year, according to Counterpoint. Its market share stood at 15.7%, while Huawei’s jumped to 15.5%, from 9.3% in 2023.

Source: https://www.cnn.com/2024/06/24/tech/china-huawei-harmony-os-growth-intl-hnk/index.html

udemzyudex:
Lol..

This analysis is funny, US will feel a bigger impact? OK.

I understand that you might be lacking some depth to fully grasp my point, but if you could, I'd like you to point out anything you find funny or factually incorrect in my comment above?

udemzyudex:
US is China biggest market.

They'll feel it.

The United States will feel a bigger impact in the car market. China has the largest car market globally, even bigger than the US and EU markets combined. Every car company wants to sell cars in China. For American car companies like GM, China is one of the most crucial markets, but Chinese car sales in the US are almost zero.

I get why there's a tariff besides politics. The US is way behind in making electric vehicles (EVs) and batteries. It's kind of crazy. If Chinese cars are allowed into the US, it could really hurt the US car industry.

What does that even mean?

Kremlingrad:
JAMB questions. Did patriot shot down the overhyped Russia missiles or not??

I believe it did. So, what happened to them?

Kremlingrad:
You mean the same Kh missiles that have been shot down in Ukraine by Patriot defense despité multiple denial from Russia. And hope you know hypersonic missiles have limitations despite all the hypes Russia have made you to believe about them

So what happened to all those Patriots that was sent
initially?

Exousiang01:
Switzerland has no business being in debt

They are not owing money. They are actually the creditor.

victorVIC1:
I'm curious to know the countries that US is indebted to

This is the list. The article is misleading. These are countries that are holding US bonds. It’s an investment and they collect interests on these from the US.

God1000:
Hmm, so china is owing US this much and not the other way round.

Well, this will finally address the debate and misconception

China is the creditor here not the other way round. These are treasury bonds.

inoki247:
Lol with all the interest wey UBA dey declare dem no get up to N500 Billion as dem litter around Africa Country still.....



Opay wey no get international spread like that even come get money pass most of the banks...

We are talking about capital base and not assets. For example UBA asset is over $20 billion. Convert that to Naira and see. Just last year, UBA profit after tax is about N375 billion.

benuejosh:
if you took your time to read you will understand that the government is not paying a dime. This guys will construct, commission and operate this particular rail line all by themselves. This is pure business. While they're doing this business to their gain, they're in turn building the Nigerian rail infrastructure. Nigeria government will only provide an enabling environment for them by removing bureaucratic processes and others.

Don't be naive. Does this company look like they can build anything? Are there any records that show that this company has managed any project or business in the past? When you want to award a project or enter into an MOU with a company, you look at their capacity and history of handling similar projects. Critical thinking is important.

Lol, Naija.

AllenSpencer:
🤣🤣🤣🤣🤣


Coming from same X that has lost 70% of its value.

Does Elon think X can be sold for half the value he purchased it!

TikTok should be mocking others, not X

X is the only platform I can tolerate.

matify83:
The Chinese are here to grab and leech on our resources again.

I hope there will be stringent regulations to protect the environment and also prevent them from fleecing the state and country of our dues.

Government should follow up on the agreement with them setting up a battery manufacturing plant in proximity to this processing/extracting plant

We saw all the refineries built by Shell, Exxon, Chevron, Total etc, in Ibadan and Sapele.

Tesla overtaken by China’s BYD as world’s biggest EV maker

Fourth-quarter sales from Elon Musk’s group beat estimates but fall behind Chinese rival for the first time.

Elon Musk’s Tesla has been knocked off the top spot as the world’s best-selling electric-vehicle maker for the first time by BYD after recording fewer deliveries than its Chinese rival in the past quarter.

The US group handed over 484,000 cars in the fourth quarter, more than the 473,000 anticipated by analysts but not enough to hold on to its title after BYD reported record sales of battery-only vehicles of 526,000 for the same period.

Tesla’s dethroning by BYD reflects the rise of what was a little-known Chinese group only a decade ago, which Musk himself has publicly dismissed. While growth at the Warren Buffett-backed Chinese company has been mostly achieved on its home turf, BYD is sharpening its focus on finding new foreign markets including in Europe.

Danni Hewson, head of financial analysis at AJ Bell, said BYD’s electric cars were “becoming increasingly visible on European roads thanks to keen pricing”.

BYD’s success in chasing down Tesla also underlines the struggle of legacy automakers from the US, Europe, Japan and Korea to adapt to fast-changing consumer preferences for cheaper, smarter electric vehicles.

In a statement published in China, the Shenzhen-based group called itself the “world champion” for “new energy vehicles” after notching total annual sales of more than 3mn for 2023 across its vehicles — which also include plug-in hybrid cars.

Tesla’s annual sales were 1.81mn vehicles in 2023, while BYD delivered 1.58mn fully electric cars.

Through much of the past 12 months, BYD benefited from price cuts sparked by Tesla’s attempt to chase market share, pushing consumers to consider China’s lower-cost models, according to analysts.

“For any doubters left in the west, I hope this is the final data point that points to BYD’s strength and, as importantly, how ‘China EV Inc’ has bullied its way on to the global stage,” said Tu Le, founder of Beijing-based advisory company Sino Auto Insights.

He added that while both companies cut prices on some cars over the past year, Tesla did so “much more dramatically”, signalling that BYD could distance itself further from the US group over the coming year.

Still, Wedbush Securities analyst Dan Ives said it was an important quarter for Tesla to show strong deliveries and momentum heading into 2024.

Tesla’s annual sales of 1.8mn last year was a “major achievement in a choppy macro [economic environment]” for the electric vehicles sector, he added.

BYD was founded by Wang Chuanfu, a former university professor, in the mid-1990s. After focusing on manufacturing rechargeable batteries, including for mobile phones, the company expanded into the car industry in the early 2000s.

The Chinese group’s early success prompted Warren Buffett’s Berkshire Hathaway to invest in the company in 2008. Despite relying on existing industry technology for many years, BYD has focused on stripping out costs from the production process.

Following years of state support and careful industrial planning by Beijing, China’s automakers now leverage their country’s control over the production of almost every resource, material and component used to make electric vehicles.

BYD’s vertically integrated structure — it controls mines and produces batteries and chips — has made it the envy of foreign rivals as the global car industry transitions away from the combustion engine.

At the end of last year six out of the top-selling EV models in China, the world’s largest car market, were BYD cars, according to Automobility, a Shanghai-based consultancy. While BYD’s share of sales has expanded to more than 35 per cent, Tesla has “struggled” to keep up with the cadence of product launches by Chinese rivals, the consultancy added.

Source: https://www.ft.com/content/716c9b0b-d8cd-491a-a91b-d70c1e540797

richeeyo:
According to imf
Nigeria should have collapsed

Nigeria has collapsed.

richeeyo:
You dumb as Bleep
China is collapsing

How is it collapsing? Stop listening to the media, many discussions on China are propaganda. Just look at the facts, no country in the West will grow faster than China this year and next. Below is the IMF forecast of GDP growth for 2023 and 2024.

Source: https://www.bloomberg.com/news/articles/2023-01-31/imf-raises-world-economic-outlook-for-the-first-time-in-a-year?embedded-checkout=true

NzogbuNzogbu:
lol, me or you who need reading

turkey doesnt allow greece access the sea, even the surrounding island they still collect

egypt has blockaded gaza by land when ideally it ought to be a bit flexible

What are you talking about? So where are all the seaports in Greece built? In Turkey, I guess.

Why are we even here?

NzogbuNzogbu:
i just mentioned egypt controlling southern gaza boarder and you didnt say anything

Turkey is currently controlling Aegean Sea water way which greece has always owned more access to

What are you talking about? Is Turkey denying Greece access to the sea? or is Egypt controlling Palestine's access to the sea?

Sorry, I'm exhausted. You need to do more reading on the history and not regurgitate what you hear in the media.

NzogbuNzogbu:
there are numerous nations landlocked under the greater influence of neighbour countries

even those controlling international water fronts

you know what they do?

they make partnership with the other nations in control thats not seige

egypt that have refused to open the south boarder is it blockade you would also call it when they are looking out for their own security

Tell me one country that controls another country's access to their own waters? It is even illegal under the United Nations Convention on the Law of the Sea: https://en.wikisource.org/wiki/United_Nations_Convention_on_the_Law_of_the_Sea.

There's nothing you won't use to justify oppression. It's understandable. There are people like you who made justification for the apartheid in South Africa. Many countries around the world even termed ANC a terrorist organization and Mandela as a terrorist. Things have changed now, right? So will the case of Palestine someday, it is just a matter of time.

NzogbuNzogbu:
access to the sea to be shiping weapons abi?

despite the restriction they still smuggle iran missiles let alone access to sea

gaza people need to make israel trust them first

What you are doing here is called Cognitive bias. I understand that it is due to the lens with which you are looking at the world. Do you think Nigeria should stop Benin from buying weapons from anywhere? Think about your logic. If a country is a sovereign, no one should stop them from importing anything from anywhere. That is why they are called sovereign nations.

How will Gaza people make Israel trust them without giving them their rights? It is like someone asking you to hold a live coal in your palm and also asking you to hold it carefully.

NzogbuNzogbu:
it recognizes the palestine state of gaza

Palestine are basically running their own govt in gaza israel doesnt for them until it now concern them

If that is the case why don't they have access to the sea (see the red arrow in the photo)? Just imagine for a minute, about 2 million people live in that thin strip called Gaza. Even Igbo people and South Africans during apartheid did not see half of this injustice, and they both had militia. As long as Palestine is not recognized as a sovereign country, this issue will keep reoccurring and getting worse. History has taught us no brute force can stop it. It didn't stop ANC in SA, it won't stop in Palestine.

NzogbuNzogbu:
this one so, hamas invaded a soverign nation

ipob na just seccessonist seeking nigerians

Does Israel recognize Palestine as an independent country?

Fearlez:
South Africa always punching above its weight

How? They went through the same thing as Palestine for many years, so they understand better. Their party, ANC was one time labelled a terrorist organisation.

achimendy:
When hamas started killing Israeli civilians what did you say, or where you blinded?

It's just like saying it is okay for the Nigerian army to wipe out the whole Anambra state because IPOB killed some Yoruba or Hausa traders. It doesn't make sense.