2 w. ago Chinese EVs: Xiaomi accelerates launch of Tesla Model Y rival YU7

Chinese smartphone and car maker Xiaomi has moved up the launch of its latest electric vehicle (EV) model amid strong consumer interest in the SUV, which is seen as a potential challenger to the dominance of Tesla’s Model Y. Sales of the YU7, the Beijing-based company’s second production model, would start at the end of this month instead of in July as previously planned, founder and CEO Lei Jun said in a post on Chinese social media platform Weibo on Monday. “We are making the preparations, and...

Politics

2 w. ago China Bucks US Tariff Heat With Fastest Retail Sales Growth In Over a Year, Fueled By Beijing's Stimulus

China Bucks US Tariff Heat With Fastest Retail Sales Growth In Over a Year, Fueled By Beijing's Stimulus  MSN

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2 w. ago China Bucks US Tariff Heat With Fastest Retail Sales Growth In Over a Year, Fueled By Beijing’s Stimulus By Stocktwits

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3 w. ago China’s carmakers are resorting to tricks to inflate their vehicle sales and Beijing has had enough

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3 w. ago From seizure to sale: Beijing taps Hong Kong to liquidate crypto

From seizure to sale: Beijing taps Hong Kong to liquidate crypto  Crypto News

Politics

4 w. ago Xiaomi’s EV unit to become profitable this year, CEO Lei Jun says

Chinese smartphone maker Xiaomi will start making money from its electric-vehicle (EV) venture by the end of this year, according to its founder and CEO Lei Jun, less than two years after rolling its first units off the assembly line, as demand surpassed expectations. Losses have narrowed, and the unit could become profitable by the third or fourth quarter, local media The Paper reported on Tuesday, quoting Lei during a presentation in Beijing. Xiaomi was confident about its sales following the...

Economics