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Porsche plans 500 fast chargers for its US Supercharger rival
Porsche will take some inspiration from Tesla for its upcoming all-electric Mission E when it comes to minimizing owner range-anxiety, the automaker has confirmed. The company’s US arm plans to install at least 500 fast chargers for use by its drivers, capable of giving around 250 miles of range in under 20 minutes.
It’s fair to say that range anxiety remains one of the biggest stumbling blocks when it comes to getting drivers out of gasoline cars and into electric models. Tesla’s solution to that was its Supercharger network, a growing infrastructure of charging points at which drivers of the company’s cars – and those drivers alone – could add range while away from home. However, rival manufacturers have typically balked at the idea of funding their own alternative.
Porsche, though, seems to be willing to buck that trend. According to Klaus Zellmer, CEO of Porsche Cars North America, the automaker is aiming to have at least 500 800-volt fast chargers spread across the US by the end of 2023. They’ll be located both at dealerships and on highway locations, the chief exec told Automotive News.
Ironically, Zellmer says he also expects the chargers to provide the minority of juice that Porsche Mission E drivers actually require. 80- to 90-percent will get all the electricity they need when charging at home or at work, he predicts. Still, there’s a psychological barrier that needs to be dealt with if battery-electric vehicles like the Mission E sedan and the Mission E Cross Turismo vehicle that will follow it are to be seen as capable of replacing all types of trip.
Porsche deserves some credit for the nature of the charging infrastructure it’s putting in. While many car dealerships have a Level 2 240-volt charger or two for EV owners to use, its Mission E network will be far more complex. Indeed, Zellmer expects each dealership to be looking at a six-figure cost for the system.
That’s because, in addition to every dealer being expected to install at least one fast charger, they’ll also need a battery buffer system too. That buffer will store power for up to three recharges of the 320 kW system. According to Zellmer, that’s still cheaper than a direct-to-grid fast charging system.
For the road network chargers, meanwhile, Porsche is currently working with three potential partners, it’s reported. ChargePoint, EVgo, and Electrify America will, eventually, be responsible for 300 or so fast chargers for Mission E drivers to use. The automaker may also expand to offer slower charging systems are popular destinations, like hotels.
Whereas Tesla began by offering Supercharger access free – though Model 3 buyers are on a pay-per-charge scheme – Porsche expects its network to come with a cost. According to Zellmer, the automaker is “pretty certain” that there’ll be a price involved for charging, though it’s undecided at this stage how that will operate. One possibility he suggests is that drivers could buy a package that includes charger access; another option could be pay-per-use with a membership card.
Dealerships, too, could opt to absorb the charging fee if they prefer. That, Zellmer suggests, would likely depend if they believe the sales potential of a captive audience while charging takes place is worth the outlay.
If all goes to plan, the charger installations at dealerships should be complete by the second half of 2023. That would be just in time for the Porsche Mission E to kick off sales. The following year, meanwhile, Porsche plans a sports crossover that will be based on the Mission E Cross Turismo concept that it showed off earlier in 2023. Both production vehicles are expected to offer around 300 miles of all-electric range on a single charge, with the fast chargers capable of taking them to 80-percent in less than 20 minutes.
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Ionity’s big Supercharger network rival just got a huge investment
The push to electric vehicles is going on all around the world. Along with the push to get automotive manufacturers to produce electric vehicles is a push to get significant charging networks rolled out all across Europe. One of the largest EV charging networks in Europe belongs to Ionity. Recently it announced a combined €700 million investment from shareholders, including BMW Group, Ford Motor Company, Hyundai Motor Group, Kia, Mercedes-Benz AG, and the Volkswagen Group including Audi and Porsche.
Rather than building single chargers here and there, Ionity says its future locations will be built with an average of 6 to 12 charging points. The company also plans to use the investment to improve the number of chargers at existing sites to help meet demand. Adding additional chargers and more charging points at existing locations will help Ionity meet what it believes will be an increased demand for electric charging in the future.
EU legislation aims to replace most cars that run on fossil fuels with electric vehicles over the next decade. Currently, Ionity operates over 1500 charging locations across 24 countries in Europe. Along with the existing backers, the €700 million investment also adds a new partner with BlackRock bringing its Global Renewable Power platform to the Ionity network. The goal for the charging network is to operate on 100 percent renewable energy. BlackRock currently has 300 renewable electricity projects worldwide utilizing offshore wind, onshore wind, and solar panels.
The complete €700 million investment will occur by 2025. It will allow the addition of between 400 to 1,000 locations along high-traffic corridors in Europe. Ultimately, the number of charging locations will increase by a factor of four from the current number of 1500 to 7000 charging points. The company notes that the expansion of its existing locations will depend on demand at the locations.
Ionity will also use the investment to create something it calls the “Oasis” concept charging locations. These locations will include charging points for electric vehicles near cafés, restaurants, and shopping. Giving electric vehicle owners something to do during the charging process is critical to satisfaction. How much power the Chargers can transfer to the vehicle battery packs controls how long the vehicle has to remain parked, and owners have to wait.
Currently, Tesla has some of the most popular electric vehicles. Its 150kW supercharger stations can charge a Model S with 85 kWh battery packs to 100 percent in 75 minutes. By more than doubling the power the charging stations can deliver, the battery packs will charge significantly faster. Tesla did announce this summer it was working on a Supercharger V3 update that would push charging capacity to 350kW. Multiple automakers are working on allowing their EVs to charge at that much higher rate. One example is Porsche, which has promised to increase the Taycan’s charging rate from 270kW to 350kW soon. It’s worth noting that not all existing EVs will be able to charge at 350kW.
Other than simply shortening wait times for owners of an electric vehicle, the other significant upside of faster charging is less wait at crowded charging stations for everyone. When it comes to an electric vehicle, one of the biggest considerations for most buyers is driving range. With the size of the battery packs limited by space constraints and weight concerns, there is a limit to how many battery cells can be packed inside a vehicle. However, if the batteries can charge very quickly, driving range becomes less of an issue, making gains in charging speed critical for electric vehicle makers.
Ford knows that charging speed is critical, and earlier this month, it announced that it was backing a new EV charging cable to quadrupling charge speed. The challenge is that as more electricity is pumped through the charging cable, the hotter the cable gets. Ford’s cable uses liquid-to-vapor cooling. However, the automaker was clear the charging cable is only functional in the lab right now.
The Ionity charging network was formed in 2023 by BMW, Ford, Daimler, and VW. Ford announced the network was a major partner for its charging network for the Mach-E in October 2023. Petroleum company Shell also put an agreement in place with Ionity back in 2023 for the rollout of ultra-fast chargers in Europe.
The price of Binance Coin [BNB] rose barely 7% after Ripple [XRP] secured a partial victory in its legal battle with the U.S. Securities and Exchange Commission (SEC) on 13 July.
The U.S. District Court of the Southern District of New York ruled in its judgement that the sale of Ripple’s XRP tokens on crypto exchanges and though programmatic sales did not constitute investment contracts; hence, it is not a security in this case. But the court also ruled that the institutional sale of the XRP tokens violated federal securities laws.
Binance was subjected to relentless regulatory scrutiny in 2023, raising grave concerns about the survival of one of the largest crypto companies in the world. Several Binance executives reportedly exited the firm as the regulatory heat intensified.
Binance was sued by the U.S. Securities and Exchange Commission (SEC) in early June for allegedly breaking federal securities laws.
The world’s leading crypto exchange is also under regulatory scrutiny across several countries in Europe.
Germany’s financial regulator has rejected Binance’s request for a crypto custody license. The exchange has withdrawn its request for regulatory approval in Austria. It has also given up its registration with regulatory bodies in the United Kingdom and Cyprus. The exchange has opted to quit the Netherlands after failing to register there. Belgium has also ordered the exchange to suspend its operations in the country. The French authorities are also reportedly investigating the exchange on “aggravated money laundering” charges.
However, the recent SEC-Ripple court judgement has led many to believe it will have a positive impact on Binance’s case also.
TradingView data shows a surge in aggregated sell orders of about 125,000 BNB worth $37 million just before the U.S. SEC’s crackdown on the exchange. Speculations are rife around a possible case of insider trading.
In March, the U.S. Commodity Futures Trading Commission (CFTC) had filed a lawsuit accusing the exchange and its founder Changpeng Zhao “CZ” of violating local compliance rules to expand its business.
Earlier in February, Paxos, the issuer of the Binance branded stablecoin BUSD, was directed by the New York Department of Financial Services (NYDFS) to stop minting new tokens. The action, according to the regulator, was brought about by,
“Several unresolved issues related to Paxos’ oversight of its relationship with Binance.”
According to data from research firm Kaiko, Binance’s spot trading market share stood at 55.9% in June 2023, hitting a near one-year low. The figure is nearly the same as the last two months. The lawsuit-induced FUD resulted in a radical shake-up of its exchange reserves, with users withdrawing funds for self-custody.
The future course for Binance and its native token, Binance Coin], is shrouded in uncertainty. And, most of the investors and analysts in the space would be busy understanding the dynamics to make informed decisions going forward. We, at AMB Crypto, tried to get some help from an unlikely ally – ChatGPT
Read Price Prediction for Binance Coin [BNB] 2023-24ChatGPT — the AI sensation
Put simply, it functions like a conventional chatbot that we have encountered in the customer support section of different e-commerce companies. However, the big difference here is that communication is more conversational, or to put it in a different way, more human-like.
Well, this is because it is trained using reinforcement learning from human feedback (RLHF). This helps it understand instructions and generates nuanced responses.
But cryptos? Binance? Are we stretching the limits of ChatGPT? Let’s see.Will Binance move out of the U.S. market?
Binance is not new to compliance-related issues in the U.S. In 2023, it ceased operating in the country and launched a separate exchange, chúng tôi its American arm.
The platform’s structure is quite similar to the fallen FTX in the sense that a major part of its administration is being controlled from outside the U.S. Hence, it has always been under the radar of the regulators.
We started to test our AI friend by posing this very sweeping, although controversial, question. Currently, the ability of ChatGPT to express itself is hindered due to the restrictions imposed by the creators. To make it speak its mind, we used the “jailbreak” hack.
ChatGPT underlined the resilience of the crypto exchange in the face of a regulatory storm in the U.S. It predicted that Binance will explore every possible revenue to consolidate its position. The AI bot predicted that a complete withdrawal from the U.S. market is unlikely.On a growing number of hacks on BNB Chain, ChatGPT says…
Apart from regulatory concerns, the ecosystem’s blockchain, BNB Chain, has gained notoriety over the rising number of decentralized finance (DeFi) hacks of late. As per a report by ImmuneFi, a Web3 bug bounty platform, BNB Chain was the most targeted chain in Q1 2023 with 33 incidents of hacks and exploits.
Here again, we turn to our AI partner to know if hacks will be the undoing of Binance. This time, it seemed as if it was ready to respond to this question promptly.
Well, ChatGPT asks readers to take its word of caution seriously. To address the security loopholes, BNB Chain soon announced a hard fork which is scheduled to go live on 12 April.
Another thing that caught our attention was the use of BSC rather than BNB in the latest response. Now, it’s a known fact that Binance Chain and Binance Smart Chain are now collectively referred to as one entity – BNB Chain. The update took place in February 2023. However, ChatGPT continued to use BSC Chain.
This, because its knowledge cutoff date is September 2023, meaning that it will base its answers on the information available until this date only.Will Binance Coin survive the regulatory storm?
At press time, BNB was the third-largest cryptocurrency (excluding stablecoins) in the sector, with a market cap of more than $36 billion, per CoinMarketCap data. As a result, significant fluctuations in its value could create ripples in the broader crypto market.
BNB commenced a bullish cycle at the start of 2023, something that has helped it in gaining 27% on a year-to-date (YTD) basis. However, recent hiccups have applied brakes to its momentum. Since the CFTC lawsuit, the coin has shed 20% of its value.
Although setting unrealistic expectations amidst this FUD is not the most sensible thing to do, we tried to put ChatGPT under a bit of pressure. We asked whether it sees BNB touching $500 in 2023, given the current state of uncertainty. And, it impressed again.
ChatGPT responded that, being a resilient coin, BNB can easily reach the lofty target of $500.
In a very measured way, it outlined factors like innovative spirit and community support which will propel the price of BNB. It also called attention to Binance’s strong DeFi ecosystem, which could support BNB’s price in the long run.
Enough of the AI praise! Needless to say, it isn’t practical to only depend on what an AI tool says in price predictions and markets. There is nothing like getting the insights of real-world experts. Therefore, we got in touch with Marius Grigoras, Chief Executive Officer at BHero and a crypto-expert, to help us out with the same question that we asked ChatGPT. He stated,
“While I cannot give a certain answer on whether BNB will reach $350 in 2023, we must consider the general market dynamics. It’s evident that the recent regulatory crackdown has taken its toll on the entire crypto market, including BNB. But despite some fluctuations in price which may occur in the short term, I believe BNB possesses the resilience to rebound even stronger in the long haul.”
Did you find similarities between human opinion and AI opinion?
Is your portfolio green? Check out the BNB Profit CalculatorA look at BNB’s daily price chart
Binance Coin continues to bleed out since the U.S. SEC filed a lawsuit in early June. At press time, BNB was trading at $250. The price of BNB has dipped 20% since the SEC’s enforcement action.
This is obviously not a good time for the token. BNB’s plunge has hit June/December 2023 lows. The coin tanked to $220 during the December 2023 FUD around Binance’s proof of reserves.
Both BNB’s Relative Strength Index (RSI) and Money Flow Index (MFI) rested below the neutral 50-mark. Its On Balance Volume (OBV), however, showed a slight uptick.Conclusion
BNB’s Open Interest (OI) or the total dollar value locked in unsettled contracts on Futures exchanges was $401 million. The same saw a substantial rise of 12% over the last 24 hours, as per Coinglass.
The funding rates across most exchanges seemed to be in red, indicating the dominance of bearish traders.
Additionally, traders positioning themselves for price gains increased vis-à-vis those looking for price losses, as the Longs/Shorts Ratio hiked to 1.03.
It’s critical to underline that these indicators fluctuate on a daily basis and might quickly take a wild swing.
Even as ChatGPT predicts a bullish price movement for BNB, its on-chart metrics do not encourage us.
Top 5 Chinese Smartphones for Under $500 1. OnePlus 5T
As always, we begin with the go-to for Chinese smartphones – the OnePlus 5T. The smartphone sports a powerful Qualcomm Snapdragon 835 processor paired with 6GB of RAM and 64GB of internal storage as well as the trendy 18:9 aspect ratio and “full-screen” design with very slim top and bottom bezels.
The display on the OnePlus 5T is a large 6.01-inch Full Optic AMOLED with an 80.5% screen-to-body ratio and 18:9 aspect. In the camera department, we have a 16MP main shooter with F/1.7 and a secondary 20MP sporting the same wide aperture, the latter is used in low light situations. On the front, we find a 16MP snapper for high resolution selfies.
Lastly, battery capacity is 3300mAh with super fast Dash Charge support (20W), it runs OxygenOS based Android 7.1.1 Nougat OS and works on pretty much any 4G LTE network around the globe.2. Xiaomi Mi6
The Mi6 is also a great option for those looking for a smaller device as it sports a 5.15-inch Full HD display. Xiaomi’s phone features two cameras on the back, with a primary 12MP shooter with F/1.8 aperture and OIS, accompanied by another 12MP telephoto camera. Using the two of them you’ll be able to create photos with a shallow depth of field effect when in portrait mode.3. Nubia Z17S
The latest Nubia Z17S also keeps his spot on this list as one of the best looking and powerful device currently on the market. The handset comes with a flagship Qualcomm Snapdragon 835 processor, 6GB of RAM and 64GB of storage, while sporting 2023’s full screen design on a large 5.73-inch panel with 1080x2040px resolution and ultra-thin side bezels.Gizchina News of the week
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Nubia’s Z17S comes with two rear cameras which are a 12.2MP shooter with F/1.8 aperture and OIS (Optical Image Stabilization) for the primary and a secondary 23MP snapper with a B&W sensor. The selfie camera has a resolution of 5MP and is accompanied by another 5MP secondary shooter.
The smartphone packs a 3100mAh capacity battery, with Quick Charge 3.0 support, it features NFC but there’s no 3.5mm headphone jack. 4G LTE connectivity works on pretty much any network around the world.
If the “full screen” design and the thin side bezels aren’t a priority for you, then the plain Z17 might be a better option as you can get the 8GB RAM or 128GB storage variants at around the same price.4. Honor View 10
The Honor View 10 is what we could call a flagship killer if we only took into consideration phones running a Huawei SoC. The handset does indeed share a lot of the hardware present on the much more expensive ($800) Huawei Mate 10 Pro while costing almost half of that. The Honor View 10 is powered by the same Huawei HiSilicon KIRIN 970 octa-core CPU paired with 4GB of RAM and 64GB of internal storage (expandable).
Honor’s phone comes with a large 5.99″ FHD+ display, a main 16MP rear camera with an F/1.8 wide aperture and a secondary 20MP B&W shooter. Meanwhile at the front we find an high res 13MP selfie snapper with F/2.0 aperture and face recognition.
The View 10 is fueled by a decently sized 3750mAh capacity battery with Huawei Super Charge 3.0 support, runs Android 8.0 Oreo out of the box and works on various 4G networks, but band 20 isn’t among them.5. Oppo R11s
Lastly, we have the Oppo R11s with its superb mix between design, specs, camera quality and price. The smartphone packs a big 6.01-inch AMOLED FHD+ display with an 18:9 aspect ratio, coated in Corning Gorilla Glass 5 and surrounded by very slim top and bottom bezels. Under the hood we find a mid-range – but still powerful for most users – Qualcomm Snapdragon 660 CPU, 4GB of RAM and 64GB of internal storage.
Camera wise, the Oppo R11s is equipped with a main 16MP Sony IMX398 rocking a wide F/1.7 aperture and a secondary 20MP Sony IMX350 telephoto camera featuring the same F/1.7 aperture; meanwhile the selfie snapper has 20MP resolution and F/2.0 aperture. The smartphone can shoot 4K videos at 30fps or slow-motion ones at up to 120fps.
The R11s packs a 3205mAh capacity battery and supports a plethora of 4G LTE networks, but unfortunately it does not feature band 20.Top 5 Chinese Smartphones for Under $500
February’s list didn’t bring many changes from the past one, but we’re confident we’ll see plenty of new devices in March, after MWC 2023 wraps up. Let us know down below if you think we’ve missed any major flagship phones that sell for less than $500, also tell us what you’re expecting to see launched in Barcelona that stays within our budget!If you want to spend a lot less than $500, check out our under $200 and under $100 buying guides!
Apple’s Fortune 500 ranking has moved back up to third place, after being knocked into fourth place last year by Exxon Mobil.
Fortune has this year added an additional ranking, for diversity, equity and inclusion – and there Apple gets a rather low ranking of 188th …
The Fortune 500 is a ranking of US companies by revenue.
Companies are ranked by total revenues for their respective fiscal years. Included in the survey are companies that are incorporated in the U.S. and operate in the U.S. and file financial statements with a government agency. This includes private companies and cooperatives that file a 10-K or a comparable financial statement with a government agency, and mutual insurance companies that file with state regulators. It also includes companies that file with a government agency but are owned by private companies, domestic or foreign, that do not file such financial statements.
Apple takes third place based on record revenue of $274B, up 5.5% on the previous year. However, Fortune does note antitrust pressures that may impact future revenue.
The pandemic created challenges and opportunities for Apple. CEO Tim Cook had to close stores and send home engineers. But with Apple customers worldwide working and learning from home, iPad and Macintosh computer sales skyrocketed to their highest levels ever. And fiscal-year revenue hit an all-time record too, of $275 billion. That helped Apple’s stock price soar; it gained 80.7% in 2023.
As that year wound down, regulators fixed their sights on Apple for potentially abusing its power over the iOS app store. A House Judiciary antitrust subcommittee report in October concluded that Apple “exerts monopoly power” in its app store to harm competition and increase prices for consumers. Meanwhile, testimony in an antitrust lawsuit filed by Fortnite developer Epic Games will likely increase pressure on legislators to limit Apple’s power.
Diversity rankings are compiled for the first time this year, in partnership with Refinitiv. The initiative is known as Measure Up.
The Measure Up initiative aims to make diversity, equity and inclusion (DEI) disclosure and performance a critical metric for successful businesses. For this analysis, we leverage Refinitiv Diversity and Inclusion (D&I) data to create a relative benchmark and identify the most progressive companies in diversity and minorities inclusion.
A set of 14 data points are used, some simple yes/no scores based on things like whether the company has policies and targets in place, while others measure percentages for things like female and ethnic minority managers.
Policy Board Diversity: Boolean
Policy Diversity and Opportunity: Boolean
Targets Diversity and Opportunities: Boolean
Day Care Services: Boolean
Employee Resource Groups: Boolean
Minorities board Percentage: Percentage
Women Employees: Percentage
New Women Employees: Percentage
Women Managers: Percentage
Employees with Disabilities: Percentage
Gender Pay Gap: Percentage
Minorities Employees: Percentage
Minorities Managers: Percentage
Minorities Salary Gap: Percentage
Here Apple is only in 188th place.
Apple recently released its own diversity data, which shows substantial gaps between the company’s aims and its current makeup, especially in leadership roles.
While Apple’s Fortune 500 ranking is likely to get more attention, the addition of inclusion rankings will likely lead Apple and other companies to boost their efforts to do better next year.
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Best Chinese Smartphones for Under $500 1. OnePlus 9R
Just like last month, this list kicks off with the OnePlus 9R. The smartphone comes with the semi-flagship chipset Qualcomm Snapdragon 870; along with 8GB of RAM and 128GB of internal storage.
The 9R by OnePlus also brings a beautiful 6.55-inch AMOLED display with a 120Hz refresh rate, 1080x2400px resolution and HDR10+ support. Meanwhile for photos we have four rear shooters a 48MP main camera, an 16MP ultra wide angle lens, a 5MP macro and 2MP depth sensor; along with a 16MP selfie snapper at the front.
Finally, the OnePlus 9R encases a 4500mAh with support for 65W fast charging 65W, it has NFC and runs OxygenOS 11 based on Android 11.2. iQOO Neo5
Photography wise, the iQOO Neo5 comes with a 48MP Sony IMX598 image sensor, paired with a 13MP ultra wide angle lens and a 2MP B&W sensor. While for selfies we have a single 16MP snapper at the front.Best Chinese Smartphones for Under $500 3. POCO F3 Gizchina News of the week
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Also coming with a Snapdragon 870 SoC, we find the powerful POCO F3. The handset from Xiaomi’s sub-brand comes packing a large 6.67-inch FHD+ AMOLED E4 panel with a refresh rate of 120Hz and touch sampling rate of 360Hz.
The POCO F3 features three cameras on the back, including a main 48MP sensor, an 8MP ultra wide lens and a 5MP macro camera. While at the front there’s a 20MP snapper for selfies.
The F3 by POCO also manages to pack an average size 4520mAh battery with support for 33W fast charging; along with NFC and an IR emitter.Best Chinese Smartphones for Under $500 4. Xiaomi Mi 11 Lite
If you’re looking for a thin and light smartphone, the Xiaomi Mi 11 Lite is the one to go for with a thickness of just 6.8mm and a weight of 157 grams. The handset also manages to bring a premium 6.55-inch AMOLED Full HD+ display with a 90Hz refresh rate and 240Hz touch sampling rate.
The Xiaomi Mi 11 Lite is powered by a mid-range Qualcomm Snapdragon 732G; along with 6GB of RAM and 128GB of internal storage. While for photography we find a 64MP primary sensor, paired an 8MP ultra wide and a 5MP macro lens. For selfies there’s a single 16MP snapper at the front.
Finally the smartphone is fueled by a 4250mAh battery with support for 33W fast charging, there’s NFC and an infrared emitter.5. Black Shark 4
Last but not least, the mobile gamers out there might be interested in the latest Xiaomi Black Shark 4, a gaming phone with a slim design and a less aggressive look than usual.
Just like many other phones on the list, the Black Shark 4 is also powered by a Snapdragon 870; coupled with 8GB of RAM and 128GB of internal storage.
As for photos, the gaming phone packs a 48MP primary sensor, paired an 8MP ultra wide and a 5MP macro lens on the back; along with a 20MP selfie snapper at the front.
Finally, the handset features a 6.67-inch FHD+ AMOLED E4 panel with a massive refresh rate of 144Hz and a touch sampling rate of 720Hz. We also find a large 4500mAh battery with support for 120Hz fast charging, there’s NFC and a 3.5mm audio jack.
Check out our sub $200 list if you’re on a tighter budget!
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