Chinese tech firm Xiaomi reaped returns from its artificial intelligence spending in 2025 that “far exceeded expectations”, the company’s president Lu Weibing said in a recorded video posted on Chinese social media platform Douyin. Lu said the Beijing-based company was pivoting to embodied AI after heavy investment in general AI over the past few quarters….
The EU has for the first time launched a formal review of a price undertaking offer from a company seeking to avoid its tariffs on Chinese-made electric vehicles, following a submission from Volkswagen’s Chinese joint venture. Over the course of 12 to 15 months, the European Commission will examine whether VW Anhui can replace its…
China is betting on bio-manufacturing to boost technological self-reliance and drive economic growth as part of the next five-year plan, elevating the sector on par with electric vehicles and semiconductors. Beijing is upgrading and expanding a nationwide bio-ecosystem, with 43 companies and research institutes selected in the first batch of pilot-scale manufacturing platforms for products…
Elon Musk has once again put Microsoft co-founder Bill Gates in the spotlight for his long-running short position against Musk-led electric vehicle company, Tesla. The Tesla chief has reignited the years-old dispute with a fresh remark on social media, suggesting that Gates should settle the bet if he has not already done so. On Saturday,…
With the Tesla Model Y’s record sales quarter, other, the sales of less successful EV models have been counterbalanced. According to WebProNews, the Model Y sold 114,897 units in the most recent quarter, a record number. While high sales numbers and expectations were set for Tesla’s Cybertruck, it hit a steady decline in unit sales…
Vietnamese automaker VinFast has outpaced Tesla in India’s electric vehicle (EV) market, signaling an early but significant shift in the country’s premium EV segment. According to October 2025 industry data, VinFast recorded 131 retail sales, surpassing Tesla’s 40 units for the same month. The VinFast VF7 and VF6 are brand’s first models for India While…
By Amir Orusov and Jesus Calero (Reuters) -Global sales of fully electric and plug-in hybrid vehicles rose 23% in October to 1.9 million units, driven by strong demand across major markets, market research firm Rho Motion said on Wednesday. WHY IT’S IMPORTANT Europe led regional electric vehicle growth with strong demand in Germany, France and…
Elon Musk’s political lobbying is expected to wipe out about $1.4 billion in revenue for Tesla, according to Electrek — a shift that may affect electric vehicle buyers. Electrek links Tesla’s projected shortfall to regulatory changes by political candidates Musk has supported, noting that shrinking cleaner-vehicle incentive programs have reduced a revenue stream the company…
Smartphone giant Xiaomi briefly took the spotlight during Saturday’s meeting between President Xi Jinping and his South Korean counterpart, Lee Jae-myung, as a pair of the company’s handsets were presented as gifts by China’s head of state. The selection of its flagship consumer product as a state gift reflected Xiaomi’s growing status as a symbol…
By Sam Li and Lewis Jackson BEIJING (Reuters) -Tianyu Jiang took a 2,000-km (1,200-mile) road trip this month during China’s national holiday week, driving in his electric vehicle from the southwestern Sichuan basin to Beijing for the first time. “I used to drive a petrol car and had never taken an EV for such a…