news website. the better. spot on the electric car sector heats up as chinese carmaker byd outpaces tesla in sales for the first time. plus well taken drugs in tiny doses making more efficient at work. we take a look at some of the woes around this trend in the united states. —— worries. hello and welcome to asia business report, i am steve lai. we begin with byd, the chinese ev maker that officially overtaken the american giant tesla in total fourth—quarter sales. tesla �*s record deliveries up more than 480,000 vehicles in the last three months of the year was not enough to cement his position in the top spot. the companies deliveries are

the closest estimation to sales figures. 0ur north american business correspondent reports. byd calls itself the biggest car brand you have never heard of. but that may be about to change. the chinese automaker sold more battery—powered electric vehicles in the last three months of the year than tesla did. that is a first. the american company is facing headwinds, higher borrowing costs in the us led to slowing demand but its lesser known chinese rival is enjoying tail winds including a massive domestic market, cheap labour, and strong government support. and unlike tesla, byd makes its own batteries. so controlling that part of the supply chain gives byd more flexibility to cut prices which it did in the last part of the year, sending sales spiking. as my colleague has just reported, tesla's latest number puts byd ahead of the curve. the chinese ev maker reported around 3 million in sales last year but that number comprises both

electric cars and hybrid vehicles. even as the competition is revving up, it is worth noting in terms of overall deliveries in 2023, tesla still has byd beat. however, the chinese ev maker could keep momentum, especially with government incentives like tax breaks. that is according to ray wang from constellation research consultancy whom i spoke to earlier. it is actually amazing to see ev demand is still that strong and i think it is wonderful for byd hitting 529,409 vehicles in q4. put them on target at about 1.6 million for the year. that is an important figure because they are accelarating their units and their growth but also not to say tesla did do poorly because tesla actually hit 1.8 million for the year. 0na on a yearly basis tesla came out ahead but the wendy choo development and growth especially coming out of 2023. how much profit does byd actually made from sales

especially since both tesla and byd have slashed prices to boost sales throughout last year? boost sales throughout last ear? , , ., year? this is the important thin. year? this is the important thing- get _ year? this is the important thing. get the _ year? this is the important thing. get the other - year? this is the important thing. get the other ev - year? this is the important - thing. get the other ev makers, byd and tesla ignited a price war around the world. byd has the batteries and low cost in terms of wages at about 20,000, $25,000 per worker every year at tesla has scale and capabilities and chiding a work and automation to get to be able to compete. it is going to be interesting for the tesla has bigger margins to date but thatis has bigger margins to date but that is something that is going to be in contention for all of 2024. less tax breaks in the us, tesla will start to stop qualifying for them as we go into the new year but you will see other incentives coming into play and also protection barriers going to happen in europe and asia. europe and in the us regarding byd car is entering those markets was going to be an interesting battle to watch. e35 going to be an interesting battle to watch. ev industry this year — battle to watch. ev industry this year given _ battle to watch. ev industry this year given the - battle to watch. ev industry this year given the global. battle to watch. ev industry i this year given the global push to become greener? we this year given the global push to become greener?— this year given the global push to become greener? we will see urowth in

to become greener? we will see growth in the — to become greener? we will see growth in the evenings - to become greener? we will see growth in the evenings but - growth in the evenings but there is pushback. not all countries have the infrastructure. china has the 100 megawatts more modular nuclear reactors. a lot of qualified plans, the rest of the board is not a electrification infrastructure. a slight slip into 2024 but there is still demand. to learn more about — there is still demand. to learn more about the _ there is still demand. to learn more about the competition . more about the competition between tesla and byd you can visit our website. all use the bbc news app. stanley bruce a news about electric cars and another american ev maker that hit a bump on the road is reviewed which reported close to 40000 and deliveries for the court entering december. but thatis court entering december. but that is much lower than wall street expectations. sending shares down by more than 10%. in other news making headlines this morning, maersk has suspended all shipping through the red sea and gulf of eden until further notice following an attack on one of its vessels from militants over the weekend. the danish logistics giant says it will be route

some puzzles around the cape of good hope in africa. houthi militants based in yemen and backed by a run in recent weeks repeatedly attacked vessels in the red sea in response to the in gaza. it has raised concerns about the disruptions to global trade through the waterway. by some estimates, about 12% of global trade and 3 million barrels of crude oil traversed the red sea every day. let's zoom in on china because official figures zoom in on china because officialfigures show official figures show manufacturing has slowed for the third straight month in december in the world �*s second biggest economy. however, private sector survey done suggests factory activity had in fact expanded last month. the main reason for the divergence is the companies they surveyed. looking at small and medium sized companies multinational data a larger state—owned companies. both numbers still point to disappointing for it. that could be helped by more government stimulus. the thing

that is quite _ government stimulus. the thing that is quite positive _ government stimulus. the thing that is quite positive about - that is quite positive about the ability and willingness of authorities to really put in more stimulus, we think so stimulus would be very much infrastructure driven. we talk about the rise of ev �*s, i think it will continue to be much more support for the strategic industries. they will be concerned about the issue of overcapacity. i think they will be quite cautious about overstimulating. it also shows us the labour markets in some instances don't seem to be really picking up or improving. i think some of the supports towards the labour market would really come into play this year. really come into play this ear. . ~' really come into play this ear. . ~ , ., year. one quick question, i brou:ht year. one quick question, i brought a _ year. one quick question, i brought a look— year. one quick question, i brought a look at _ year. one quick question, i brought a look at the - year. one quick question, i l brought a look at the overall outlook for chinese economy in 2024. ~ outlook for chinese economy in 2024. . ., ., outlook for chinese economy in 2024. ., ., , , , 2024. we have a consensus view that the economy _ 2024. we have a consensus view that the economy would - that the economy would decelerate to four around 5% last year. that is quite a conservative view but i think that takes into account what is achievable and what is healthy for the economy. even with 4.4

present growth, we still think you need quite meaningful stimulus because of the property sector which we expect to be quite a meaningful threat to be quite a meaningful threat to the economy this year. before we go, what if having a very small dose of drugs could make a big difference to your productivity? it is a rising trend in the united states with encouragement from some big names and that is causing increasing concerns. my correspondent has this report. in the 60s, psychedelic drugs such as lsd or magic mushrooms were associated with long mindbending trips. hallucinations and hippies. exploration, transformation. today in america some are taking such drugs in tiny doses in an attempt to improve focus, productivity and creativity. this is called micro grossing. i would sometimes take a few

daysin i would sometimes take a few days in labour and kind of not do it a few days in a boat. curiosity, wonder. donald, whose name _ curiosity, wonder. donald, whose name i _ curiosity, wonder. donald, whose name i changed, i curiosity, wonder. donald, i whose name i changed, micro doses on a regular basis. as it helps them work. it doses on a regular basis. as it helps them work.— helps them work. it helps me aet into helps them work. it helps me get into this _ helps them work. it helps me get into this current - helps them work. it helps me get into this current state i helps them work. it helps me get into this current state of i get into this current state of flow. if you could do five hours worth of work and one hour, that is huge. not only are you doing that work but you are you doing that work but you are more curious, more engaged. sometimes it may be a problem i want to swab or something i want to swab or something i want to swab or something i want to learn about and this gives me a way to think outside the box a little bit. hallucinogenic drug use has increased among those aged 26 and older with over 5.5 million people using psychedelics in 2019. as ad to change and more people micro goes in the workplace, some employers are embracing it as well.— embracing it as well. taking a stand that _ embracing it as well. taking a stand that it _ embracing it as well. taking a stand that it is _ embracing it as well. taking a stand that it is polarising i embracing it as well. taking a stand that it is polarising at l stand that it is polarising at times. ,, . ,

stand that it is polarising at times. ,, ., , ., times. shame he is the founder and ceo of _ times. shame he is the founder and ceo of copy _ times. shame he is the founder and ceo of copy alternative i times. shame he is the founder| and ceo of copy alternative mud water. not only does he support employees who want to micro dose at work, mind want to donate a portion of its properties to psychedelic research and education. somebody cheeses micro grossing as something that is helpful for them, they are free to do that because we don't have a policy that encourages or supports the use of psychedelics but we don't have a policy that polices it either. for my personal experience is anything i went through an experience i have had these substances, it was a personal choice to be an advocate. personal choice to be an advocate-— personal choice to be an advocate. , ., ., advocate. there is not enough evidence yet _ advocate. there is not enough evidence yet to _ advocate. there is not enough evidence yet to say _ advocate. there is not enough evidence yet to say if - advocate. there is not enough evidence yet to say if micro i evidence yet to say if micro grossing is beneficial in the workplace or even say. and drugs being used are illegal at federal level. still, it has not stopped business leaders from indulging micro grossing in the workplace sounds like you think they to play? 10096. this meant — you think they to play? 10096. this meant coaches _ you think they to play? 10096. this meant coaches start-up i this meant coaches start—up founders. this meant coaches start-up founders— this meant coaches start-up founders. ':: :: , . , founders. 10096. most clients in this day and _ founders. 10096. most clients in this day and age _ founders. 10096. most clients in this day and age are _

founders. 10096. most clients in this day and age are not - this day and age are not concerned around the legal pieces, with respect to the laws, it is a change from five plus years ago. a lot of advancement around the research and we see regulation change at different levels, local, state and national, over time. there are risks- _ and national, over time. there are risks. the _ and national, over time. there are risks. the unsupervised i and national, over time. there | are risks. the unsupervised use of recreational drugs could be psychologically damaging to those with certain mental conditions. but with renewed interest in psychedelics, advocates hope it will help gain mainstream acceptance. before we go let's take a look at the trading day in asia. the hang seng is down below 1% following on the lead from global markets. that is late primarily through the tech heavy nasdaq they treated much lower today. that is it for us on this edition of asia business report. thanks for watching.

bbc news — bringing you different stories from across the uk. grace g race loves grace loves drawing, it helps to relax. she has autism and there are key items that help her regulate her emotions at home in bradford and at school. her phone and tablet are both crucial. i her phone and tablet are both crucial. as, ., ~ , her phone and tablet are both crucial. ., ~ , q crucial. i can take my mind off stuff, i crucial. i can take my mind off stuff. i can — crucial. i can take my mind off stuff, i can watch _ crucial. i can take my mind off stuff, i can watch videos, i stuff, i can watch videos, keeps me distracted. but these devices get _ keeps me distracted. but these devices get broken _ keeps me distracted. but these devices get broken regularly i devices get broken regularly when trays gets agitated. if my -hone when trays gets agitated. if my phone has _ when trays gets agitated. if my phone has got _ when trays gets agitated. if my phone has got the _ when trays gets agitated. if my phone has got the slightest i phone has got the slightest crack in it, i don't like how it looks. it stresses me out. it is too much for me to think about. and clothes, it is the same. i like stuff like this and stuff like that i don't like because it teaches my arms. w, , like because it teaches my arms. , «g ., arms. the costs quickly mount

u . arms. the costs quickly mount u- for arms. the costs quickly mount up for mum — arms. the costs quickly mount up for mum charlotte. - arms. the costs quickly mount| up for mum charlotte. breaking her ipad, broken _ up for mum charlotte. breaking her ipad, broken bones, - up for mum charlotte. breaking | her ipad, broken bones, another one isjumping on the bed, doesn't know her own strength. we have certain clothes she likes. we buy them in bulk. she eats a certain food and you have to make sure you get that certain food at certain times. 0bviously at the moment with the cost of living, everything is going up. it is a worry thinking about where the money comes from. where can i get the money from? what can i not spend money on this week to get what we need to get? fir spend money on this week to get what we need to get?— what we need to get? or more stories from _ what we need to get? or more stories from across _ what we need to get? or more stories from across the - what we need to get? or more stories from across the uk i what we need to get? or more stories from across the uk had to the bbc news website. hey, i am zoff with the catch up. tonight, a plane crash injapan, hip—hop in prison and cheeky cats in cambridge. first, we start injapan where five people have died on the coastguard plane after it collided with a passenger plane coming into land in tokyo's haneda airport. a fire then started

on the passenger plane but the 379 people on it were likely safely evacuated. you can see the dramatic scenes of that here as passengers fled the plane on inflatable slides. the coastguard plane involved in the crash was on its way to deliver aid to areas affected by a massive earthquake on monday which caused homes to collapse and triggered a tsunami. the known number of deaths from it is now believed to be at least 48 and around 1000 rescuers are searching for people who they think may be trapped under the rubble. next, this is cool. a prison in scotland is putting hip—hop workshops on for inmates. they are doing this as part of a unique rehabilitation programme which aims to provide inmates with a creative outlet and the opportunity to develop new skills. bernie has taken part. it's helping me get back to my normal self and better.

i'm trying to be a better version than i have ever been. definitely been a positive experience for me. let's finish with ten seconds of two cats being cheeky and adorable as they have made a cambridge garden centre their second home. fatty has been visiting it for 15 years, yes, that is the cat's name and now her brother george visits as well. they really are making themselves at home, aren't they? i love it. you're all caught up now. see you later.

hello and welcome to sportsday. i'm paul scott at the bbc sports centre — here's what's coming up. a big moment for luke littler — the 16—year—old becomes the youngest ever person to reach the pdc darts world championship final. a depleted west ham secure a 4th straight clean sheet as they're frustrated by brighton in a goalless draw at the london stadium. on a different track — the retired racehorses learning fresh skills before finding new homes.