Chinese Brands Outshine Apple: iPhone Sales Slump in Key MarketApple is facing challenges in the Chinese smartphone market, struggling to rebound amid intense competition from local companies.
Morgan Stanley, Upward Adjustment to Xiaomi EV's Target PriceMorgan Stanley, a U.S. investment bank, has announced an upward adjustment to the target price of Xiaomi, citing optimistic electric vehicle sales. While they believe in Xiaomi’s potential power, they further commented that Xiaomi needs to offer more to attract investors. Xiaomi officially launched the SU7 model on March 28, and in just one day, […]
Tesla Sees Quarterly Delivery Decline, First Time in Nearly Four YearsTesla’s delivery volume has decreased for the first time in four years, indicating a decline in the effect of price reductions amid intensifying competition in the electric vehicle market and weakening demand. Tesla announced on the 2nd that its quarterly delivery volume has decreased and missed Wall Street estimates, causing its stock to drop by […]
Waiting Time for Xiaomi's First Electric Car Extends to Seven MonthsChinese tech giant Xiaomi’s first electric car, SU7, launched on March 28, is seeing a prolonged waiting period for delivery as the number of orders continues to rise. Customers who order the model now have to wait almost seven months, according to Chinese electric car portal CnEVPost. The outlet reported that the three variations of […]
Xiaomi Sparks Electric Car Price War in ChinaXiaomi’s electric vehicle SU7 priced at around $33,000Price reduction for Nio’s luxury SUV after announcementXiaopeng lowered the price of P7i’s top model The Chinese electric vehicle market has plunged into a full-scale price war. Starting with Xiaomi, competing brands are reducing prices one after another. On the 31st, Yonhap News reported, citing Chinese economic media […]
Xiaomi Unveils Its First Electric Car: Check Out the Stunning PhotosChinese smartphone giant Xiaomi is unveiling its first electric vehicle, the SU7, produced by Beijing Automotive Industry Holding (BAIC).
Not Apple, #1 Global Smartphone Production Goes to...Samsung leads global smartphone production in H1 2023 but faces competition from Apple and growing Chinese firms.
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