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WSJ Tech News Briefing

Why Chinese EV Makers Are Expanding in Latin America

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 6 November 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

Brazil is the biggest overseas market for Chinese automaker BYD. Other Chinese companies are also moving to the country. WSJ Brazil correspondent Samantha Pearson tells host Cordilia James why the shift to the Latin American market is just the beginning of a global expansion that could give BYD an edge over manufacturers in the West. Plus, SpaceX is looking to advance its reusable rocket tech, and competitors are taking notice. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

SAP Business AI is AI that solves actual business problems, like predicting what your customers want before they know they want it, or making sure there are no weak links in your supply chain.

0:10.3

Revolutionary technology, real world's results. That's SAP Business AI.

0:18.7

Welcome to Tech News Briefing. It's Wednesday, November 6th.

0:23.6

I'm Cordelia James for the Wall Street Journal.

0:25.6

Space X's reusable boosters allow it to shoot rockets into the sky again and again and again, while cutting the cost of space flight.

0:35.6

We'll find out why the company's rivals are taking notice.

0:40.4

And then, deterred by tariffs in the U.S. and Europe, Chinese automakers are bringing their

0:45.8

business to Latin America.

0:48.0

WS.J correspondent Samantha Pearson tells us why you're likely to find BYD electric and hybrid

0:54.0

vehicles all over Brazil

0:56.0

and how China's expansion could impact Western carmakers in the region.

1:04.0

But first, for decades, almost all rockets have used expendable boosters for space launches.

1:16.2

But Elon Musk's SpaceX has been using reusable boosters for its Falcon rockets.

1:22.2

Now it's looking to advance the tech with Starship, its bigger and more powerful rocket.

1:28.7

Last month, SpaceX successfully caught its huge Starship booster shortly after liftoff.

1:34.3

A move like this gives the company an edge over the competition, and its rivals are taking notice.

1:38.2

WSJ reporter Micah Maidenberg joins us now with more.

1:42.6

Micah, how do rockets with expendable boosters typically work?

1:49.2

Boosters, of course, are the devices that power the rocket off the ground, defeat gravity,

1:50.7

lots of flames.

1:52.3

Space launches are very exciting.

1:58.6

But they're used once to basically blast what's called an upper stage into space. The upper stage typically could hold a satellite, it could hold a crew spacecraft or a

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