☕️ Good morning, friends,

For the weekend, a quote from Thomas’s old Latin teacher: “You’re not studying for school, you’re studying for the birds.”

A Chinese school rewrote the motto: there, you study for prize money of about 140,000 USD. One student won it after making it into elite Tsinghua University. (A shitstorm was, of course, inevitable.)

If you want to see what 1,000,000 CNY in cash looks like on a tray carried by a student, click here.

Have a great weekend!

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BENCHMARKS

NUMBER OF THE DAY

14,000,000

The amount of housholds Vietnam plans to subsidize for solar systems with USD 1.65 billion in financing, a 42% increase over the previous subsidy proposal.

🌞 Rooftop Solar Revolution: With the subsidy, Vietnam aims to increase the number of households with rooftop solar systems by 50%.

💰 Financial Support: Households will receive up to 1.5 million VND (USD 60) for installing battery storage, in addition to 4 million VND (USD 160) per kWp for solar systems.

Watch: Instead of stop-and-go funding windows and multi-stage application processes common in many EU countries, Vietnam is opting for clear, fast-paying grants—result: more rooftops, less grid load.

TOP BIT

⚡ EV Subsidies: Tesla Gets Little, BYD Gains

Beijing is disclosing who has been subsidized since 2016 and is gradually tightening the tap.
After years in which state firms led the rankings, industry leaders like BYD and Tesla are now in focus, while subsidies could wind down by around 2027.

The Details

🧑‍🔬 About Him: Zhou is considered a pioneer of …