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BYD, China's biggest electric vehicle maker, has unveiled a new blade-shaped battery, which, according to industry experts, will help redefine industry standards and promote sustainable development of the industry.

Bao Jigang, chairman of Wukong Investment, a Shenzhen-based private equity firm, said gold is still the first choice for those trying to hedge their risks.

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Baring Private Equity Asia is one of the largest and most established independent private equity firms in Asia. The CITIC Capital Holdings Limited is an alternative investment management and advisory company.

BYD said despite the challenges brought by the novel coronavirus outbreak, the company's resumption rate has recovered to over 80 percent. It added the previous tightness of upstream and downstream supply chains was also eased.