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This RWA Crypto Is Tipped For 100x Before XRP ETF Approval

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Investors keep scanning the market for the next big run before a possible XRP ETF greenlight. One RWA project is building real utilities today. Avalon X (AVLX) links token holders to real estate benefits and gated perks. Value-backed access can move faster.

Why Does XRP Lead Cross-Border Payments?

XRP remains a leading liquidity token for cross-border value transfer. The current market price is 2.77 dollars at the time of writing. Cryptocurrency markets experienced declines in early September, with major tokens including XRP facing price corrections.

Traders now watch the path to a United States spot XRP ETF. Currently, no XRP ETF applications have received approval. Live trackers show pending status across issuers, and applications remain in review. Filings and coverage continue to shape expectations. Reports indicate BlackRock has not filed an XRP ETF application, which may extend approval timelines. Other applications have seen deadline extensions, which pushes the discussion into October decisions and beyond.

Taken together, the message is simple. The market is preparing for possible approval, but the decision window remains open. Price and sentiment will react to each notice and each comment thread. Legal clarity supports the core utility case. The long SEC dispute moved toward closure in August, with coverage stating that the 2023 ruling is now final and cannot be appealed. XRP traded on exchanges is not a security, while institutional placements require registration. This reduces headline risk and helps exchanges and partners plan integrations. It also helps institutions frame risk controls while they wait for final ETF outcomes.

XRP, therefore, sits in a unique spot in this cycle. It offers deep liquidity and an established payments use case. It sits at the center of a potential ETF wave that could unlock new demand if approvals arrive. Until then, price action will track crypto beta and the evolving ETF calendar.

What Makes Avalon X Different from Other RWA Projects?

Avalon X (AVLX) is a real world asset platform focused on property-backed utilities. It works with Grupo Avalon to connect token utility to tangible developments in the Dominican Republic and beyond . AVLX functions as a utility token providing access to benefits rather than representing property ownership. Holders unlock tiered perks, staking, and future redemption stays that tie back to real use. The maximum supply totals 2 billion tokens, with 7% allocated for deflationary mechanisms designed to create long-term scarcity.

The presale is live at a price of 0.005 dollars per token in Stage 1, and a ten percent bonus is active for early buyers. Investors can purchase using ETH, USDT and other cryptocurrencies, or card through a four-step flow that starts with account creation and ends with a dashboard receipt. Tiers amplify utility. Gold adds extra tokens and raffle entries. Diamond adds a higher bonus, a discount on future Avalon stays, and whitelist access. Platinum adds the biggest bonus a week at an Avalon development and priority service at properties, plus a 50% discount on future stays.

A $1M giveaway will select ten winners of $100k in AVLX each. A townhouse giveaway also runs, with entries tied to presale participation and referrals through the dashboard. An audit by CertiK reinforces trust across the stack ahead of listings and expansion. Avalon X maps a direct path from presale to exchange listings and to real-world redemption.

Eco Valley Townhouse Giveaway

The roadmap runs from 2025 to 2027 and targets investor access and property utility at scale. The mission is to democratize high value real estate while keeping AVLX a pure utility asset for users.

Should Investors Consider Avalon X Alongside XRP?

Avalon X for real-world utility and XRP for scale can sit on the same watchlist today. XRP adds liquidity and an ETF story. Together they frame a balanced bet on access and adoption.

 

Join the Community

Website: https://avalonx.io/

$1M Giveaway: https://avalonx.io/giveaway

Telegram: https://t.me/avlxofficial

It’s Tekedia Mini-MBA Graduation Week

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Graduation week tekedia mini-MBA

Good People, as the curtains draw on another edition of Tekedia Mini-MBA, we arrive not at an end, but at a profound inflection point. This graduation week is a week of transition—from the mastery of the playbook to the urgency of its execution in the marketplace. For the past twelve weeks, our co-learning journey has been an academic excursion into the very physics of business.

We have studied the mechanics of market systems, dissected the art of entrepreneurial capitalism, and absorbed the wisdom of a global faculty, all with a singular mission: to master the fundamental constructs of innovation, business growth, and leadership.

The true value of this program, however, is not to be found solely in the knowledge we have acquired, but in the application of that knowledge. Graduation is a clarion call to action. We have mastered the theoretical equations; now is the time to go into the business labs and make the experiments happen.

As a community, our ultimate purpose is to solve for market frictions, to move beyond discussion and into the realm of building. It is a time to create new companies, to find co-founders, and to unlock the partnerships that will drive our economies forward. The lecture hall provided the framework; the market now awaits our solutions.

And so, to all our graduating co-learners, a big gboza to you. The knowledge is in your hands, the networks are in your reach, and the playbook is understood. The time for deliberation is over. The time for execution is now. It is indeed time to build.

Next edition begins in two weeks; to join, register here 

Online Gambling Singapore: Everything You Need to Know

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The explosion of the online casino model in recent years is undeniable. This model, of course, still faces many legal restrictions and societal legitimacy issues. However, there is no doubt about its ability to meet local entertainment demands.

Singapore is one of the few countries in Asia that has legalized traditional casino models, such as Marina Bay Casino, Singapore Turf Club, and Resorts World Sentosa Casino, but under strict government regulation. So what about the online casino model? Can it exist safely in the “Lion Island Nation,” and is it worth your visit? Let’s find the answers together.

Best Online Casinos in Singapore 

Casino Welcome bonus Wagering requirement Games
BK8 288% “Have You BK8?” Welcome Bonus up to SGD2,880 35x 4,500+
Maxim88 288% Welcome Bonus up to SGD288 28x 2,000+
MD88 288% Welcome Bonus up to SGD2,880 35x 3,750+
96M 288% Welcome Bonus up to SGD2,880 35x 3,000+
Me88 288% Welcome Bonus up to SGD2,880 35x 2,500+

 

Online casinos often offer welcome bonuses to attract more customers. This is a natural practice in all online business models, and online casinos are no exception.

As professional casino reviewers, we think you should be aware of this: online casinos operate illegally in Singapore, and they are not allowed to function in any form. This means that if you engage in any activities on these platforms, you are violating the law.

BK8  Singapore: Best Live Casino With Real-Time Excitement

“The Green Giant – Hulk,” a true heavyweight in the online gambling world, is a top global casino with unmistakable recognition. BK8 Casino is like a guiding torch in the casino world. They continuously engage in prominent activities, such as being a diamond sponsor for leading sports tournaments like the Badminton World Federation (BWF) and the famous Aston Villa club in the Premier League.

The gaming system or services provided by BK8 really don’t require much more than the word ‘perfect’ to describe. Furthermore, BK8 impresses with the BK8 iOS app, an extremely convenient version. There is also a commitment to the BK8 cashout time, where every transaction is processed within 15 minutes.

BK8 Casino Overview

  • Welcome Bonus: 288% “Have You BK8?” Welcome Bonus up to SGD2,880
  • Payment Methods: Crypto (Bitcoin, Ethereum, USDT), Online Banking (PayNow, FAST), E-wallets (limited support), Prepaid Card, e-Vouchers
  • License: Curacao Gaming
  • Games: Slots, Live Casino, Sports, E-sports Fishing Games, 4D Games, Fast Games
  • Mobile Compatibility: iOS, APK
  • Website: https://www.bk8sgasia.com/en-sg/home
Pros Cons
Trusted 15-min crypto payouts High 35x wagering requirement
4,500+ diverse game selection Limited e-wallet support
Curaçao-licensed, 256-bit SSL Some providers bonus-excluded
Claim 188 Slots Free Spins
High-performance mobile apps
Evolution Gaming live tables
MotoGP-sponsored brand trust

Maxim88 Singapore: Best Online Casino For New Player Offers

Maxim88 is a long-standing friend of online gambling enthusiasts and is the only established online casino featured in this review. Launched 20 years ago in 2006, Maxim Casino has come a long way. It is well-known for its Maxim88 sportsbook SG, particularly in horse racing. Additionally, Maxim impresses with its Maxim88 welcome package, offering numerous prizes to players.

Maxim88 Casino

  • Welcome Bonus: 288% Welcome Bonus up to SGD288
  • Payment Methods: Bank Transfer, E-wallets, Cryptocurrency
  • License: PAGCOR
  • Games: Live Casino, Slots, Sports. Fishing, Lottery, 3D Games
  • Mobile Compatibility: iOS, APK
  • Website: https://www.maxim88mt18.com/en-sg/
Pros Cons
Immersive 4K live dealer streaming Limited 100 live tables
Instant crypto withdrawal processing Inconsistent support response times
Curaçao-licensed, secure platform Limited licensing transparency
Weekly SGD 8,888 cashback
High-performance mobile apps
Evolution Gaming integration

MD88 Singapore: Best Platform With Nonstop Daily Action

MD88 is a dynamic online casino that offers players a thrilling gaming experience with nonstop daily action. Known for its extensive selection of MD88 live games, players can immerse themselves in real-time gaming with professional dealers, adding an authentic casino feel from the comfort of home.

Additionally, MD88 frequently provides enticing promotions, including MD88 free spins, allowing players to explore a variety of slot games without additional costs. With user-friendly navigation and robust customer support, MD88 ensures a seamless gaming experience for both new and experienced players. Whether you’re looking for excitement or relaxation, MD88 has something to offer everyone.

MD88 Casino

  • Welcome Bonus: 288% Welcome Bonus up to SGD2,880
  • Payment Methods: Crypto (Bitcoin, Ethereum, USDT), Online Banking (PayNow, FAST), E-wallets (limited support), Prepaid Card, e-Vouchers
  • License: Curaçao Gaming Control Board
  • Games: Slots, Sports, P2P, Lottery, RCB, Fishing
  • Mobile Compatibility: iOS, APK
  • Website: https://m.md88sg1.com/sg/login?lang=en
Pros Cons
Massive progressive jackpot slots Limited table game variety
Ultra-low 3x wagering requirement Slow bank transfer withdrawals
PAGCOR-licensed, secure platform No phone support available
Instant Touch n Go deposits
Fast, mobile-optimized apps
VIP SGD 16,888 birthday bonus

96M Singapore: Best Roulette With Authentic Casino Vibe

96M is a leading domestic casino in Singapore, featuring eye-catching blue and orange tones. It quickly wins the hearts of users. With a library of over 3,000 games across various genres such as Slots, Live Casino, and Sports Betting, 96M Casino provides players with an exceptional experience. Furthermore, 96M Singapore Casino is notable for its famous “96M Bonus Code” program.

96M Casino

  • Welcome Bonus: 288% Welcome Bonus up to SGD2,880
  • Payment Methods: Bank Transfer, E-wallets, Cryptocurrency
  • License: Malta Gaming Authority
  • Games: Sports, Live Casino, Slots, Fishing, Lottery, 3D Games
  • Mobile Compatibility: iOS, APK
  • Website: https://www.96mvip.com/en-sg
Pros Cons
Seamless mobile app performance Limited live dealer tables
Competitive sports betting odds No phone support available
Low 12x wagering requirement Slow bank transfer processing
Curaçao-licensed, secure platform
Fast 10-min crypto withdrawals
2,000+ diverse game library

Me88 Singapore: Best Casino App For Smooth Mobile Gaming

Dive into the exhilarating world of Me88, the ultimate casino app that redefines mobile gaming. With its sleek design and intuitive interface, Me88 ensures that every tap takes you on a thrilling adventure through an impressive selection of games, from heart-pounding slots to immersive live dealer experiences.

Players can effortlessly wager with Me88 real money, transforming each moment into a potential win. Elevating the excitement further, the exclusive Me88 VIP program rolls out the red carpet for dedicated players, offering lavish rewards, personalized service, and access to special promotions that keep the fun flowing. With Me88, your next big gaming experience is just a swipe away!

Me88 Casino Overview

  • Welcome Bonus: 288% Welcome Bonus up to SGD2,880
  • Payment Methods: Bank Transfer, E-wallets, Cryptocurrency
  • License: Gaming Curcacao
  • Games: Sports, Live Casino, Slots, Fishing, Lottery
  • Mobile Compatibility: APK only
  • Website: https://www.me88gold.com/en-sg
Pros Cons
High 97% RTP slots Limited payment method variety
Ultra-fast 60-min withdrawals High 28x wagering requirement
Five dedicated mobile apps No phone support offered
Curaçao-licensed, secure platform
SGD 742,300 Spadegaming Play and Win Tournament
Keno and lottery games

Is Online Gambling Singapore Legal in the Country?

The Gambling Control Act 2022 and Remote Gambling Act 2014 prohibit most forms of online gambling unless licensed, with only operators like Singapore Pools authorized for lotteries and sports betting. Offshore casinos are blocked and deemed illegal, and engaging with them can lead to fines or imprisonment, as the Gambling Regulatory Authority enforces strict measures like website blocking and payment restrictions.

Why do you think online casinos have gained popularity despite these restrictions? Their convenience and accessibility allow players to enjoy entertainment from home, fitting busy lifestyles. However, this trend raises concerns, such as increased problem gambling and financial strain, prompting government crackdowns to protect vulnerable groups and address social issues like family breakdowns and debt.

Beyond legal penalties, it can lead to financial losses and mental health challenges. Prioritizing well-being over the thrill is crucial to avoid these risks.

Popular Games in Online Casino Singapore

  • Slots: Slots are among the most popular games in online casinos, featuring a variety of themes and gameplay styles. Players can enjoy exciting graphics, sound effects, and the thrill of hitting jackpots with each spin.
  • Live Casino: Live casino games provide an immersive experience where players can interact with real dealers through live video streaming. Popular options include blackjack, roulette, and baccarat, offering a realistic casino atmosphere from home.
  • Fishing Games: Fishing games combine skill and luck, where players aim to catch fish for points and rewards. These visually appealing games often feature unique mechanics and lively graphics, making them entertaining and engaging.
  • Table Games: Table games include classic options like blackjack, poker, and roulette, appealing to players who enjoy strategic gameplay. These games often have various betting limits and styles, catering to both beginners and seasoned players.
  • E-sports: E-sports betting allows players to wager on competitive video gaming events. With a growing audience, this option has become popular among younger demographics who follow their favorite teams and games.
  • Lottery: Online lotteries offer players a chance to win significant prizes with a relatively small investment. Players can purchase tickets for various draws, often featuring life-changing jackpots.
  • Sports Betting: Sports betting enables players to wager on various sporting events, from football to basketball. This form of gambling appeals to sports enthusiasts looking to enhance their viewing experience.
  • Crash: Crash games are fast-paced and adrenaline-pumping, where players bet on a multiplier that increases until it crashes. Timing is crucial, as players must cash out before the crash to secure their winnings.
  • Arcade: Arcade games bring nostalgic fun to online casinos, featuring colorful graphics and simple mechanics. Players can enjoy various games, including skill-based challenges and classic arcade-style gameplay.

Trustworthy Developers in Online Casino Singapore

Evolution Gaming

Known for revolutionizing live dealer games, Evolution Gaming has become a leader in the online gambling industry. Their mission focuses on delivering high-quality gaming experiences, featuring cutting-edge technology and a diverse game portfolio.

Jili

Jili Games is recognized for its innovative slot and arcade games, emphasizing creativity and player engagement. Their vision is to provide thrilling gaming experiences that cater to various player preferences.

Play n’ Go

Play n’ Go has a rich history of developing engaging slots and table games, known for their high-quality graphics and gameplay. Their mission is to create entertaining and rewarding experiences for players worldwide.

Habanero

Habanero specializes in the development of slots and table games with unique themes and features. Their commitment to innovation and quality has garnered numerous awards in the gaming industry.

Sexy Baccarat

Sexy Baccarat is renowned for its stylish live dealer games, focusing on delivering an upscale gaming experience. Their vision is to combine elegance with exciting gameplay, attracting players who appreciate a premium casino atmosphere.

KA Gaming

KA Gaming is known for its diverse portfolio of slots and arcade games. With a commitment to quality and player satisfaction, they continuously strive to enhance their offerings and stay ahead in the gaming market.

Types of Bonuses in Online Gambling Singapore

Online gambling in Singapore offers various promotions to enhance the player experience. From enticing welcome bonuses to ongoing reload offers, these promotions provide additional value and encourage continued play at top online casinos in SG.

Bonus Description Best Recommendation
Welcome bonus Matches your first deposit to boost starting funds BK8 – 288% “Have You BK8?” Welcome Bonus up to SGD2,880
Reload bonus Extra funds on subsequent deposits to encourage play. 96M – 10% Daily Reload Bonus
Birthday bonus Cash or credits gifted on your birthday MD88 – SGD3,888 Birthday Bonus
Rescue bonus Cashback on losses to ease financial impact. 96M – SGD10,000 Weekly rescue Bonus
App bonus Rewards for using mobile apps Maxim88 – SGD8 App Bonus
Free spin Free slot spins to try games risk-free Maxim88 – 188 Free Spin
Cryptocurrency bonus Rewards for crypto deposits, like cashback Me88 – 1% Cashback on Cryptocurrency Deposit

Payment Methods for Online Gambling Singapore

Players in Singapore have access to various secure payment methods for online gambling, ensuring convenience and safety.

Payment method Description Examples
Online banking Secure, instant bank transfers for deposits PayNow, FPX, FAST, DuitNow
Cryptocurrency Anonymous, fast transactions for fast payout casinos SG Bitcoin, Ethereum, USDT
Debit/credit card Traditional cards for easy payments, may have fees Visa, Mastercard
Digital wallet Quick, mobile-friendly transfers without bank details Touch n Go, GrabPay, Boost, SPay

Online Gambling Singapore on Mobile and Apps

Online gambling apps Singapore allow players to access games anytime via smartphones, with platforms like BK8 and Me88 offering dedicated apps for seamless mobile gambling Singapore. This caters to busy lifestyles, making it a preferred choice for on-the-go entertainment.

Key features include cross-device compatibility for iOS and Android

  • Intuitive touch controls
  • Exclusive app bonuses
  • Secure in-app payments
  • High-speed loading
  • Push notifications for promotion updates

How to Register at Online Casino Singapore?

To enjoy online gambling apps in Singapore and access the top online casinos SG, follow these steps for registration:

  1. Choose a Casino: Select a reputable online casino that suits your preferences.
  2. Visit the Website/App: Navigate to the casino’s website or download their app.
  3. Click on Register: Locate and click the registration button.
  4. Fill in Details: Provide necessary information such as name, email, and age.
  5. Verify Account: Confirm your account via email or SMS verification.

How to Claim a Welcome Bonus in Online Casino Singapore?

Claiming a welcome bonus is a straightforward process that enhances your gaming experience. Follow these steps:

  1. Create an Account: Sign up at a top online casino SG.
  2. Make a Deposit: Fund your account as per the required minimum.
  3. Enter Bonus Code: Use the 96M bonus code if applicable during your deposit.
  4. Check Terms: Review the welcome bonus terms and conditions.
  5. Receive Bonus: The bonus will be credited to your account after the deposit is confirmed.
  6. Start Playing: Enjoy the extra funds and explore the casino’s offerings.

Tips to Stay Safe for Online Gambling Singapore

  • Choose Licensed Casinos: Always play at licensed and regulated online casinos.
  • Use Secure Payment Methods: Opt for trusted payment options that offer encryption.
  • Set Limits: Establish a budget and stick to it to avoid overspending.
  • Avoid Unverified Sites: Steer clear of unlicensed or unknown gambling platforms.
  • Use Strong Passwords: Create strong and unique passwords for your accounts.
  • Regularly Monitor Activity: Keep track of your gambling activity and finances.
  • Utilize Responsible Gambling Tools: Take advantage of self-exclusion and deposit limit features.

Responsible Online Gambling Singapore

Secure gambling sites in Singapore prioritize player safety and promote responsible gambling practices. It’s essential to stay informed about the risks and take proactive steps to ensure a safe gaming experience.

Summary

Online gambling in Singapore offers a diverse range of games, trustworthy developers, and various bonuses to enhance the player experience. By following safety tips and understanding registration and bonus claiming processes, players can enjoy a secure and entertaining online gambling environment.

FAQ

  • Is it safe to use offshore online gambling websites in Singapore?

Using offshore online gambling websites can pose risks, including lack of regulation and potential legal issues. It’s recommended to choose licensed local casinos.

  • What responsible gambling resources are available in Singapore?

Singapore offers resources like counseling services and self-exclusion programs to help players manage their gambling habits.

  • Are mobile apps available for online gambling in Singapore?

Yes, many online casinos in Singapore offer dedicated mobile apps for easy access to games and promotions.

  • Can players from Singapore access live dealer casino games?

Yes, players in Singapore can access live dealer games from licensed online casinos.

  • What are the risks of using unlicensed online gambling platforms in Singapore?

Unlicensed platforms may lack security measures, expose players to fraud, and result in legal repercussions. Always choose licensed sites for safe gambling.

Nvidia’s Jensen Huang Counters Elon Musk: AI and Robots Will Make Us Busier, Not Idler

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Business and tech leaders have continued to share diverse views about the future of work as AI adoption accelerates. Elon Musk has painted a future where robots do all the work and humans collect free money for doing nothing. Nvidia CEO Jensen Huang, however, thinks that won’t be the case.

Speaking on Fox Business on Thursday, Huang pushed back on the utopian notion that artificial intelligence and robotics will usher in mass leisure. Instead, he argued that humans will likely be busier than ever as AI accelerates productivity and unlocks a flood of new opportunities.

The remarks came during a wide-ranging interview in which Huang discussed U.S. tensions over chip sales to China, Nvidia’s success as a $4 trillion company, and warnings from OpenAI’s Sam Altman about a potential AI bubble. Huang dismissed the bubble fears, insisting that demand for AI infrastructure is only in its early stages.

When asked about Nvidia’s Jetson Thor “robot brain” and the future of robotics, Huang predicted a sweeping transformation.

“Everything that moves will be robotic,” he said. “There will be robotic humanoid robots that are very general-purpose. They’re going to be in hospitals doing robotic surgery. They’re going to be in factories building things. They’re going to be in farms doing agriculture. I mean, it’s just incredible the number of robotic systems.”

According to Huang, every industrial company will eventually rely on robots and AI in its operations, with Nvidia supplying much of the technology to power them. He called it a “really exciting future.”

But pressed on whether such productivity gains could mean shorter workweeks or more free time—ideas long tied to visions of technological utopia and more recently promoted by Musk—Huang suggested the opposite may be true.

“I have to admit that I’m afraid to say that we are going to be busier in the future than now,” Huang said. “And the reason for that is because a lot of different things that take a long time to do are now faster to do. And I’m always waiting for work to get done because I’ve got more ideas. Most countries, most companies have more ideas than we know what to pursue.”

While not ruling out a shift to a four-day workweek, he said the real story will be expanding opportunities.

“The more productive we are, the more opportunity we get to go pursue new ideas,” he explained. “I fully expect GDP to grow. I expect productivity to increase. I actually expect us to have more things to do.”

Still, Huang added, “I’m hopeful for that day too—so that we have four-day work weeks, and so that we could spend more time on the weekends with family and get some reading done, and do some traveling. And nothing is better than that.”

Unlike Musk, whose narrative about “universal basic income” requires political change, Huang focused squarely on the technological and economic implications.

“Life quality will get better, of course, over time,” he said, but added that AI is more likely to transform work than abolish it.

Automation Scares Through History

History offers plenty of echoes. In the 19th century, the mechanization of textile factories triggered widespread unrest across Europe, with the Luddites smashing machines they believed threatened their jobs. In the 20th century, the spread of mainframe computers and later PCs sparked similar fears of mass unemployment. But each wave of automation not only eliminated certain tasks but also created new sectors of work that were unimaginable before.

AI, Huang believes, is following that same arc. While some roles will inevitably shrink, others are already emerging around AI model training, ethics oversight, prompt engineering, and integration into existing industries.

“We came from a world of seven-day work weeks. And now we’re in five-day work weeks. Every industrial revolution leads to some change in social behavior,” Huang said. “Some jobs will go away. Many jobs will be new and invented. But one thing for sure, every job will be changed as a result of AI.”

However, with the growing concern of disruption, analysts warn that, unlike past waves, AI’s ability to scale across white-collar jobs may make the transition more jarring. Generative AI is not just reshaping factories, but also the professions once thought safest—law, medicine, finance, and media—making the stakes higher than in previous technology revolutions.

For Nvidia, which dominates the global market for the chips powering AI systems, Huang’s message is also a reminder of the company’s central role in this transformation. Its hardware has become the backbone of generative AI models like ChatGPT, and its outlook on the workforce debate carries weight not just in Silicon Valley but among policymakers grappling with how to balance innovation with social stability.

BYD Shares Slide as Quarterly Profit Declines Amid Fierce EV Price War in China

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Hong Kong-listed shares of Chinese electric vehicle giant BYD plunged nearly 8% on Monday after the company reported its first quarterly profit decline in more than three years, underscoring the growing toll of an aggressive domestic price war.

The Tesla rival said net profit for the April-June quarter fell 30% year on year to 6.36 billion yuan ($891 million), according to data from LSEG. This came despite a 14% jump in revenue to 201 billion yuan, buoyed by stronger overseas sales.

In its mid-year filing, BYD acknowledged that “increased price competition and frequent occurrences of excessive marketing” had “exerted an adverse periodic impact on the development of the industry.”

The Chinese EV market has been gripped by successive discount battles since early 2023, as carmakers slash prices to attract buyers in an increasingly crowded field. Retail car prices in China have dropped about 19% over the past two years, now averaging 165,000 yuan ($22,900), according to a Nomura report citing Autohome Research Institute data.

Authorities in Beijing have warned manufacturers against fueling excessive price cuts. In May, regulators pledged to punish companies engaged in “unfair competition,” reflecting official concerns that the race-to-the-bottom threatens the health of the industry.

BYD’s Sales and Production Struggles

While BYD’s first-half results showed resilience — with net profit rising nearly 14% to 15.5 billion yuan and revenue up 23% to 371.3 billion yuan — cracks are emerging in its dominant position.

The company’s production fell for the second straight month in August, marking its first consecutive monthly contraction since 2020. BYD produced 353,090 electric and plug-in hybrid vehicles globally last month, down 3.78% from a year earlier, following a 0.9% drop in July.

China sales fell even more sharply, sliding 14.3% year on year in August to 292,813 vehicles — the fourth consecutive monthly decline. Domestic sales account for nearly 80% of BYD’s total, making the slowdown particularly damaging.

Reuters reported in June that BYD had begun cutting shifts at some factories in China and postponed adding new production lines, signs that the company is recalibrating after years of breakneck expansion.

As of August, BYD had achieved just 52.1% of its full-year sales target of 5.5 million vehicles. Analysts at China Merchants Bank International have since cut their forecast by 5% to 4.9 million, citing the company’s “more cautious” approach to inventory.

EV Shift and Global Expansion

One bright spot has been BYD’s shift away from plug-in hybrids (PHEVs) toward fully electric vehicles. Since April, the company has consistently produced and sold more EVs than PHEVs. In August, EV production rose 26% year on year, while sales jumped 34.4%.

Global markets are also becoming more important to BYD’s growth story. The company has opened showrooms across Europe and rolled out models at competitive prices. In July, BYD registered over 13,000 new vehicles in Europe, up 225% from a year earlier, according to the European Automobile Manufacturers Association.

Still, overseas growth has not fully offset the drag at home. “China remains the backbone of BYD’s business,” one Hong Kong-based analyst told Reuters. “Unless domestic sales stabilize, the company will find it difficult to meet its annual targets despite international expansion.”

The profit drop — the company’s first in three and a half years — is being seen by analysts as a turning point. With cutthroat competition at home, regulatory scrutiny over pricing, and production showing its first signs of contraction since 2020, BYD faces its toughest balancing act yet: protecting profitability without losing its edge in the race for global EV dominance.