Briefly

BYD launches new bus model in Israel

Chinese automaker BYD Auto has launched a new electric bus model in Israel. Dozens of buses of the B12e03 model, capable of carrying up to 105 passengers, are expected to be delivered to public transportation operators across the country by the end of 2026. The 12-meter-long bus is built on an entirely new electric platform and features BYD's Blade lithium iron phosphate battery, with a capacity of 491 kWh and a driving range of up to 600 kilometers on a single charge.

Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 15 pips to 6.718 against the US dollar on Friday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

XINHUA-CHINA DAILY