Geely

Xiaomi’s maiden EV, selling at a loss, turbocharges price war forcing China’s small players out of business

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Goldman Sachs said in a research note on April 1 that it believed the fully electric sedan “is highly competitive and demonstrates Xiaomi’s capabilities of becoming a potential price leader in the market rather than a price follower.” The SU7, fitted with intelligent features such as an autonomous driving system and digital cockpit, hit the … Read more

Who benefits most from Canada’s ambitious EV targets? Maybe China

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Flavio Volpe, head of the Automotive Parts Manufacturers’ Association, believes the recent electric vehicle targets set out by Canada’s environment minister also carried this pointed message to Canada’s domestic auto industry: “Let them eat cake.” Volpe says he has come to this conclusion because he believes those goals, which include a national target of 100 per cent zero-emission vehicle sales by 2035, cannot be … Read more