☕️ Good morning, friends,

Today, for a change, it’s Eric and not Donald Trump. The son of the US president has realized what we’ve known for a while:

“China and the US are revolutionizing the future of finance,” Eric said in an interview in Hong Kong.

👀 We checked the backend: if he did sign up for asiabits, it must have been with his alias address.

If you happen to run into him in the coming days, send him — or alternatively, your friends, colleagues, and classmates — your personal referral link.

That way, they’ll all be reading today what the whole world will be talking about tomorrow.

P.S. With just two referrals, you’ll get free tickets from our Partner of the Week, IFA. 👇🏻

BENCHMARKS

NUMBER OF THE DAY

472.4 km/h

China’s BYD shatters the electric car speed record with its U9 Track Edition Hypercar on Germany’s ATP test track in Papenburg.

⚡ High-Performance Beast: Delivering 2,200 kW (2,978 hp) from four motors with 555 kW each, spinning at over 30,000 rpm, the U9 is the most powerful mass-produced EV in the world.

🏎️ China Overtakes Europe: 60 km/h faster than the previous record holder, the Rimac Nevera (412 km/h), 0–100 km/h in just 2.36 seconds, and charging from 30–80% in only 10 minutes.

Watch: With its EUR 232,000 hypercar, BYD showcases China’s technological edge in the EV sector—while German automakers still have nothing comparable in their lineups.

TOP BIT

🚗 German Suppliers Losing Ground

Germany’s auto suppliers are under heavy pressure. According to a PwC study, their global market share has fallen from 26% to 23% since 2015. At the same time, Chinese competitors have increased their share from 5% to 12%. Especially in key technologies such as batteries and software, they are pulling ahead, while German mid-sized companies are being squeezed between legacy combustion-engine business and electromobility.

The Details

📉 Market Share: German suppliers are back at their…