After Tesla’s new Model Y had consumers shocked by its lowered price, Chinese technology company Xiaomi dropped even lower prices on its new SUV. According to Reuters, Xiaomi “priced its new electric YU7 SUV from 253,500 yuan ($35,364), almost 4% below Tesla’s Model Y.” The details surrounding the new YU7 are already grabbing EV lovers’…
Portable lithium-ion batteries without the China Compulsory Certification (3C) safety mark – a mandatory quality assurance standard for many products sold on the mainland – were barred from domestic flights, according to the CAAC. Under regulations that aviation authorities in Hong Kong and across Asia started implementing from April 7, airline passengers were barred from…
Chinese artificial intelligence (AI) stocks are expected to defy a slowdown across industries, as the mainland relies on the technology to boost business efficiency and revive economic growth, according to investors and analysts. Companies including Meituan and Xiaomi were set to benefit from a wave of AI integration that would transform business models, according to…
TLDRs; Xiaomi plans to begin selling electric vehicles internationally in 2027, focusing first on satisfying domestic demand. The SU7 sedan and YU7 SUV are driving strong sales at home, but long delivery delays are testing consumer patience. Production capacity remains a bottleneck, with Xiaomi working to scale from 150,000 units annually to meet demand. The…
Chinese electric vehicle (EV) maker Xpeng launched its G7 SUV on Thursday, sending another contender into a fierce battle in the premium SUV segment of the world’s largest EV market, where it joins Xiaomi’s recently introduced YU7 in taking on Tesla’s market-leading Model Y. Dubbed Xpeng’s first “Super AI [artificial intelligence] car”, the G7 starts…
Investors on the mainland showed a strong appetite for Hong Kong stocks in the first half of 2025 via the southbound channel of the Stock Connect programme, putting purchases on track to reach a record that was set last year. Mainland buying of Hong Kong stocks reached HK$731.2 billion (US$93 billion) in the first half…
SHANGHAI (Reuters) -Xiaomi won more orders than expected for its new YU7 electric sports utility vehicle in the first hours after it went on sale, sending the company’s shares up 8% to an all-time high. The Chinese EV and smartphone maker on Thursday priced its new electric YU7 SUV from 253,500 yuan ($35,364), almost 4%…
Hong Kong stocks fell on Tuesday after notching the biggest gain in two months a day earlier, as traders digested the apparent breakthrough in the China-US trade talks. The Hang Seng Index dropped 1.7 per cent to 23,156.89 at the noon break, giving up some of Monday’s 3 per cent gain. The Hang Seng Tech…
CLN KraneShares Key News Asian equities had a strong day on light volumes, except the Philippines, which was closed for Maundy Thursday, also known as Holy Thursday, commemorating the Last Supper. Hong Kong and Stock Connect are closed tomorrow and Monday. It was a fairly quiet night as Hong Kong rebounded by the same names…
CLN KraneShares Key News Asian equities experienced another deep drawdown, except for Hong Kong, Mainland China, and Thailand, as the Philippines missed the fun due to “Araw ng Kagitingan,” which celebrates the heroism of Filipino and American soldiers in World War II. This morning, China’s government reciprocated the U.S. government’s tariff increase by increasing tariffs…