Xiaomi SU7 is a 5m-long saloon with the option of supercar power Chinese tech giant Xiaomi is planning to start selling its new electric cars in Europe within the next two years. Historically best known as a manufacturer of consumer electronics (primarily its hugely popular smartphones), Xiaomi launched the SU7 saloon as its first EV…
Hyundai has been on an absolute tear lately. Its cars look sharp and its EVs feel futuristic without being goofy. But there’s a reason for Hyundai’s madness, and it’s all designed around stealing market share away from competitors by embracing change rather than rejecting it or moving too slowly. Welcome back to Critical Materials, your daily…
Xiaomi delivered a record 81,302 cars in the second quarter and is currently struggling to meet delivery demand in China. Xiaomi’s efforts to enter the European EV market are currently in the research and preparation phase. (A Xiaomi SU7 on display at the Shanghai auto show in April 2025. Image credit: CnEVPost) Xiaomi (HKG: 1810,…
Mainland Chinese stocks rose on Monday, driving a key gauge to a decade high amid increasing signs that investors have been rotating out of bonds and bank deposits into equities in hunt for better returns. The Shanghai Composite Index advanced 0.9 per cent to 3,728.03 at the close, a level not seen since August 19,…
Tesla has begun offering its longer-range Model 3 variant to Chinese customers as it fights to regain market share from local rivals amid intense competition in the country’s premium electric vehicle (EV) segment. The US company announced on Tuesday that the new car, which has a range of 830km, would be priced at 269,500 yuan…
Chinese electric vehicle (EV) makers Leapmotor and Xpeng reported record sales last month, spurred by the popularity of their inexpensive cars, as a price war faded following Beijing’s intervention to cool the market. After EV builders held back on discounts and interest-free loans to comply with Beijing’s call to end a brutal price war, intelligent…
China has released ethical guidelines for autonomous driving technology, highlighting the need for user safety and technology transparency. Publishing the guidelines on Wednesday, the Ministry of Science and Technology said automated driving systems “must demonstrate a high degree of respect for human life and actively seek effective strategies to minimise harm”. Algorithms, models and other…
Momentum in the Hong Kong fundraising market that comes after initial public offerings (IPOs) is set to continue, senior investment bankers said, driven by the robust capital needs of mainland firms and global investors reorienting their portfolios towards Chinese assets. The amount raised using follow-on offerings – including share placements and equity-linked debt issuances like…
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…