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16 Apr Xiaomi’s success means more trouble for battered China electric vehicle stocks

Posted at 02:41h in Asia

In stark contrast to Apple’s failed car dreams, Xiaomi and Huawei Technologies are demonstrating early success in transferring their smartphone prowess into the crowded EV market, where rampant price competition is taking a toll.Strong sales of Xiaomi’s ‘game changer’ SU7 turbocharges China’s EV price war“The...

15 Apr Apple CEO Tim Cook visits Vietnam as US tech giant’s supply chain shift stirs unease in China

Posted at 13:30h in Asia

Apple chief executive Tim Cook has kicked off his two-day visit to Vietnam, as the US tech giant’s efforts to diversify its supply chain comes into focus again, just weeks after the CEO concluded a tour in the company’s key market of China.On Monday, Apple...

11 Apr Huawei has a new car and PC, but no P70 smartphone as people await next big launch after Mate 60

Posted at 12:00h in Asia

Huawei Technologies launched its revamped Luxeed S7 electric sedan, co-developed with Chinese carmaker Chery Auto, and a new personal computer (PC) with built-in artificial intelligence (AI) support at its latest event on Thursday, but there was no mention of the highly anticipated P70 smartphone.The new...

08 Apr China EV price war: Tesla rival Li Auto says cheapest model yet to ‘bring you happiness’, will launch next week

Posted at 22:00h in Asia

Li Auto, Tesla’s nearest rival in mainland China, plans to launch a new, more economical model aimed at families amid a price war in the country’s electric vehicle (EV) market.The mid-sized, five-seater Li L6 sport-utility vehicle (SUV) will be priced below 300,000 yuan (US$41,470), the...

07 Apr Xiaomi’s maiden EV, selling at a loss, turbocharges price war forcing China’s small players out of business

Posted at 10:15h in Asia

Goldman Sachs said in a research note on April 1 that it believed the fully electric sedan “is highly competitive and demonstrates Xiaomi’s capabilities of becoming a potential price leader in the market rather than a price follower.”The SU7, fitted with intelligent features such as...

02 Apr Chinese smartphone giant Xiaomi sees robust demand for first EV, even as buyers face delivery wait times of more than 5 months

Posted at 12:30h in Asia

Chinese smartphone giant Xiaomi is seeing continued strong demand for its first electric vehicle (EV) – the SU7, short for Speed Ultra 7 – even as potential buyers face delivery wait times of more than five months, the South China Morning Post has learned.Buyers of...

Chinese carmakers Li Auto, Nio, Xpeng and BYD report March sales rebound, but ‘difficulties are looming’ as competition intensifies in world’s largest EV market

01 Apr Chinese carmakers Li Auto, Nio, Xpeng and BYD report March sales rebound, but ‘difficulties are looming’ as competition intensifies in world’s largest EV market

Posted at 12:30h in Asia

Li Auto, Nio and Xpeng, China’s top three premium electric-vehicle (EV) manufacturers, have reported a strong rebound in deliveries in March, after their promotional activities attracted thousands of buyers. BYD, the world’s largest EV maker, said the sales of its pure electric and plug-in hybrids...

30 Mar Tech venture capital firm GGV’s Asia business weighs a foray into private debt after split from US counterpart

Posted at 08:47h in Asia

The Asia partnership, which is led by Jenny Lee and Jixun Foo in Singapore, has been rebranded as Granite Asia. Its name comes from Granite Global Ventures, GGV’s original handle when the firm was founded in 2000.Singapore-based Granite Asia is headed by senior managing partners...

29 Mar Smartphone maker Xiaomi makes waves in crowded EV market with its keenly-priced SU7 model

Posted at 11:30h in Asia

Xiaomi has got off to a racing start in the country’s crowded electric vehicle (EV) market, after saying it sold around 50,000 vehicles within half an hour of the launch of its new model, the SU7.The Chinese smartphone and gadget maker, which has been competing...

28 Mar Xiaomi surprises with lower-than-expected pricing on new EVs, in new challenge to Tesla

Posted at 14:25h in Asia

Chinese smartphone giant Xiaomi on Thursday launched its much-awaited first electric vehicle (EV) – the SU7, short for Speed Ultra – at a venue in Beijing close to its car manufacturing facility, pricing the standard model at 215,900 yuan (US$29,867) to take on Tesla’s Model...

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