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The Download: shipping China’s EVs, and new greener magnets

Jan 31, 2024 - technologyreview.com
The newsletter discusses various technology-related topics, including the world's largest EV maker, BYD, venturing into the shipping business to support its global car trade. The company has built a massive fleet of ships to transport its electric cars, which are growing in popularity overseas. The newsletter also highlights the potential shortage of rare earth metals used in permanent magnets for high-end motors, with demand expected to rise due to the growth of electric vehicles and wind turbines.

In other news, Big Tech is preparing to face the US Senate over child safety, and Wuhan is emerging as a major autonomous vehicle test bed. The newsletter also covers topics such as AI-generated images of celebrities, a missing chip shipment sparking a US probe, Apple's Vision Pro headset, a pig butchering scam, AI drug discovery, a new theory of how everything came to be, and the popularity of VR sleep rooms.

Key takeaways:

  • The world's largest EV maker, BYD, is expanding into the shipping business to support its new role in the global car trade and maximize financial benefits from its growing popularity abroad.
  • There is a looming shortage of rare earth metals, which are used in the permanent magnets of high-end motors, due to increasing demand from the growth of electric vehicles and wind turbines.
  • Virtual Reality (VR) sleep rooms are gaining popularity, offering relaxing environments for people suffering from insomnia or loneliness. However, there are concerns about the safety and comfort of these experiences.
  • Big Tech companies are preparing to face the US Senate over child safety, with leaders from these companies testifying for the first time.
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