On Tuesday, Tesla (TSLA.O) announced it would introduce “new models” by early 2025, utilizing its current platforms and production lines. This decision marks a retreat from…
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When luxury firms release their first quarter results, investors are expecting a sharp decline in luxury sales. This is because of the weak Chinese market and…
Chinese smartphone maker Xiaomi on Wednesday said it has received more than 100,000 orders for its first car – a sporty electric vehicle called the SU7…
Last week, the electronics manufacturer Xiaomi unveiled its fast electric automobile, generating significant interest. Consequently, Xiaomi’s shares surged by as much as 16% on Tuesday. However,…
Amidst a fierce price war, China’s Xiaomi announced on Tuesday that it will start shipping its inaugural electric car (EV), the model SU7, this month. Furthermore,…
China’s largest electric vehicle (EV) producer, BYD (002594.SZ), unveiled a new version of its best-selling car on Monday. The release comes at a lower price than…
On Wednesday, Polestar announced securing a $950 million loan from a bank syndicate, filling a gap left by Volvo Cars’ decision to cease funding the electric…
Volvo Cars (VOLCARb.ST) announced on Thursday that it would no longer fund Polestar Automotive Holding (A4N1y.F), handing over responsibility for the luxury car brand to China’s…
BYD, a Chinese company, has moved one step closer to dethroning Elon Musk’s Tesla as the world’s largest seller of electric vehicles. The company announced on…